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DISTRESSED PROPERTY GIANT
US existing home sales drop to more than two-year low in JanuaryU.S. existing home sales tumbled to the lowest level in more than two years in January as falling inventory raised house prices.- Natco wins patent battle to launch generic 'Risdiplam'A Delhi High Court ruling favors Natco Pharma against Roche's rare disease drug. Natco can now launch generic risdiplam, used for spinal mu...
- China regulator to ban Evergrande chair from securities market for lifeChinese regulators are set to ban Evergrande's chairman for life from the securities market due to financial fraud, according to a subsidia...
- Good Samaritans: Mollywood stars Jayaram & Mammootty extend financial support to teen farmer who lost 13 cows to food poisoningJayaram said the film crew of the Malayalam movie 'Abraham Ozler', in which he stars, has opted to cancel the scheduled trailer launch even...
- Country Garden warns of a possible defaultCountry Garden said that if its financial performance continues to deteriorate, the group might not be able to fulfill its debt obligations...
- A $500 billion corporate-debt storm builds over global economyCorporate bankruptcies are escalating globally, and experts warn that the fallout from what looks like the usual churn of capitalism may be...
- China's central bank upbeat on Q2 GDP growthAs rising interests rates and inflation squeeze demand in the United States and Europe, China's core CPI has been soft and factory gate pri...
- Sam Zell, billionaire real estate investor, dies at 81Zell played a key role in popularizing the structure of real estate investment trusts (REITs) that involved leasing and collecting rent on ...
- China's Evergrande defaults: What happens next?A slowdown in the Chinese real estate sector, which accounts for a significant proportion of the country's economic output, could have ripp...
- China's Evergrande: How will a 'controlled demolition' impact the economy?Evergrande, a real estate giant with a presence in over 280 Chinese cities, was the most prominent developer to pay the price for Beijing's...
- Dalal Street shrugs off Evergrande fears; Sensex reclaims 59KIndia's stock indices ended firm in volatile trade on Tuesday with the Sensex reclaiming the 59,000 level as investors shrugged off jitters...
- Evergrande crisis shows cracks in China’s property marketChina’s Evergrande Group, the embattled property developer whose towering debt has set off panic in global markets, is buckling under the w...
- FindMyStay: A startup that lets you dictate the price you want to pay for your hotel stayFindMyStay hands over the power to book a hotel to the consumers - choice of location, quality and above all, the price.
- Mesco Steel chases iron ore, coal assets in US, AustraliaMesco Steel is scouting for assets like precious minerals, iron ore and coal to ensure raw material availability for its steel plants under...
- Warburg Pincus to invest Rs 1,800 crore in Piramal RealtyGlobal private equity major Warburg Pincus will be investing Rs 1,800 crore in Piramal Realty for a minority stake at entity level.
- Companies go bottom fishing; buy out distressed assets to aid ailing realty sectorTop executive quit Morgan Stanley to set up a fund that will focus on distressed assets as he expects real estate NPA levels to rise over t...
- TPG Capital buys 15% in Shriram Properties for Rs 450 croreTPG currently holds 49% shareholding in Shriram Retail Private Holdings and another 28% in Shriram Citi Union Finance.
- Credit Suisse offloading property loans: ReportCredit Suisse is selling a 2.8-billion-dollar property portfolio in one of the largest bank sales of distressed loans since the 2008 financ...
- Moody's urges debt-laden Dubai World to sell assetsDubai World will have to sell more assets in order to restructure about 22 billion dollars of debt owed by the state-owned conglomerate's s...
- Germany guarantees private savings accountsGermany announced on Sunday that it would guaranteed all private savings accounts, joining Ireland and Greece in taking drastic independent...
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