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PROPERTY SLUMP
Global Market: China’s property crisis deepens as Evergrande founder gets life sentenceChina’s property crisis deepened despite Evergrande founder Hui Ka Yan receiving a life sentence. Falling home prices, unfinished projects,...- He built China’s biggest property empire and became Asia’s richest man. Now Evergrande’s Hui Ka Yan is in prison for life, here’s whyEvergrande founder Hui Ka Yan, also known as Xu Jiayin, has been sentenced to life in prison in China for embezzlement, bribery and other f...
- German apartment building permits rise 14% in June as sector recoversGermany's property sector demonstrated a positive trajectory in June, marked by a nearly fourteen percent rise in apartment building permit...
- Sunny Deol was drowning in Rs 56 crore debt after ‘Gadar’ and ‘Indian’, yet says ‘I was very happy’; here’s what happenedSunny Deol financial debt: Sunny Deol discussed his career struggles following the success of Gadar and Indian. He faced challenges finding...
- Delhi NCR developers tap fund houses for liquidity lifelineFunds are partnering with Delhi NCR developers to acquire land and finish projects. This provides essential liquidity amid rising costs and...
- Global Market: China stocks hold steady as gold miners gain, tech shares slip; Hong Kong dragged by insurersThe Chinese stock market showed minimal fluctuation as gold shares increased, counteracting declines in tech. Meanwhile, Hong Kong faced ma...
- SML Mahindra to acquire Mahindra’s truck and bus business for Rs 525 croreIn a significant strategic shift, Mahindra & Mahindra plans to hand over its Truck and Bus Division to SML Mahindra for Rs 525 crore. This ...
- Chipmaker CXMT debut spotlights China's state-funded path to tech powerChipmaker CXMT's significant IPO showcases China's state-led funding model for strategic technology. Hefei city investors hold a substantia...
- Sona Comstar to form 2 JVs with Japanese Denso Corp for electric, hybrid powertrain systemsSona Comstar and DENSO Corporation are forming two joint ventures for electric and hybrid powertrain systems. These partnerships will focus...
- Schindler Q2 sales miss expectations as weak China market dragsSchindler shares fell around 5% as investors worried about weak demand in China’s property market, despite global order growth for a third ...
- ET Prime Special Series: Multibagger or IBC - Part 67: Can this auto ancillary close the gap between old mobility and EV revenue?The market may see this as another diversified auto component manufacturer. The deeper story is one of capital reallocation. The group is c...
- China's record consumer defaults undermine Beijing's push to boost spendingChinese banks are reluctant to increase lending as bad loans rise. The government wants borrowing to boost consumption and economic growth....
- China's Q2 GDP growth cools to 3-1/2-year low, structural imbalances complicate policyChina's second-quarter economic growth slowed to its weakest pace in over three years. Official data revealed a 4.3% annual rise, missing a...
- China's car slump has a new escape route — the rest of the worldChina's auto sales decline prompts manufacturers to boost overseas exports. Domestic demand has fallen significantly, pushing companies to ...
- ET Prime Special Series: Multibagger or Bankrupt - Part 65: This auto ancillary is making new moves. Separate signal from noiseThis supplier is one of those businesses that grows quietly until it suddenly makes several big decisions at once. In a short span it has s...
- China's May retail sales fall for first time in over three yearsChina's economy shows a worrying split in May. While factories are humming with strong exports, consumer spending took a hit, with retail s...
- China's new home prices fall faster in May as property slump persists despite big-city resilienceChina's new home prices saw a 0.2% dip in May from April, marking a steeper decline and a 3.5% year-on-year fall. While larger cities show ...
- China learns to live on less fuel, to the relief of oil marketsChina's fuel demand has unexpectedly dropped significantly, with gasoline and diesel sales falling as consumers shift to electric vehicles ...
- Real estate developers ready with festive offers, hoping recovery by DiwaliProperty consultants said that post lockdown developers have drummed up a decent response whenever they have launched a value-driven sales ...
- Indian home prices fell most in 52 nations, says IMFIndia's real estate bubble finally bursting: The International Monetary Fund's recently-launched data series on global housing prices hints...
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