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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Pushed to the brink of collapse owing to the failed hillside township project, the construction firm turned to India’s bankruptcy law to revive itself.
Four years ago, it looked like there was no hope that Hindustan Construction Co. would survive to complete 100 years in 2026. In at least 10 of the last 12 years, the company recorded cumulative losses of Rs 5,045 crore, as against a profit of Rs 597 crore. Its borrowing touched Rs 12,000 crore at one point, and it did not have enough profits to cover its interest burden. In short, its collapse was only a matter of time.
For a long time, HCC was among the most credible competitors to India’s No.1 infrastructure firm, Larsen & Toubro. It built …
Big AI moves in the Middle East this week, Saudi Arabia-backed LIV Golf files for bankruptcy and other updates.
Former WeWork chief is betting on the Mideast markets, fresh attacks have the Gulf on edge again, and other updates from this week.
With no minimum investment threshold, the emirate is widening access to residency even as geopolitical risks cloud its appeal.
