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Tuesday, May 21, 2024
TopicProperty developers

Topic: Property developers

China’s property giant Country Garden faces liquidation petition, deepening crisis in real estate sector

In a filing in the Hong Kong Stock Exchange Wednesday, the company announced that one of its creditors, Ever Credit Ltd., had filed a winding-up petition in the high court over non-payment of $204 million.

Amid unfolding real estate crisis in China, property giant Country Garden defaults on dollar bond

Country Garden has reportedly defaulted on $15.4 million dollar bond interest payment, a first. This comes 2 months after the Evergrande Group filed for bankruptcy.

Restrictions on home loans likely to worsen liquidity crunch in real estate sector

The National Housing Bank, India's housing regulator, has restricted certain mortgage-payment plans that developers typically use to push sales.

On Camera

Huge surge in minority institutions after RTE Act. Even DPS Bengaluru became one to avoid quota

Right to Education Act mandated schools to allocate 25% of their seats to disadvantaged communities. To circumvent this and preserve the elite character of schools, minority status became a godsend.

What’s geopolitical recession? World seems to be heading for one

The long-term rise of China and the 'Global South', combined with a decline of European and Japanese economic power is driving a fundamental shift.

With defence push, India looks to capture markets in Africa beyond western Indian Ocean

India’s defence sector is trying to penetrate the African market. But with China already extending significant influence, India must now play catch-up.      

Abki baar 90 paar for Congress? Why even 30 more seats will ruffle BJP

Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?