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Market snapshot: LIC Housing Finance has clarified that the National Company Law Tribunal’s approval of Dr. Subhash Chandra’s personal guarantor repayment plan will not impact its primary security interests. While the plan offers a minuscule direct payout against the lender’s admitted dues, the company confirmed that it continues to hold and enforce mortgages over the…
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The restructuring crisis at Cologne-based property developer PANDION AG has reached deeper into the corporate structure than many investors initially anticipated. Five central operating subsidiaries — covering sales, design, project management and engineering — have now filed for insolvency, raising serious questions about whether the group can maintain any meaningful operational capacity through its self-administered…
Ethiopia is strengthening the way it forecasts economic growth, inflation, government revenue and public debt as it navigates major economic reforms. An International Monetary Fund technical assistance programme will help the Ministry of Finance replace its existing forecasting system with a model that can produce more realistic projections, compare policy choices and measure the impact…
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