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Wednesday, August 9, 2023

WeWork’s ‘substantial doubt’ about its future marks a stunning fall

WeWork, the once-prized co-working start-up founded in 2010 by Adam Neumann and Miguel McKelvey that was valued at $47bn in 2019, has said there is "substantial doubt" it can remain in business. Customers are abandoning offices and shares have plummeted 40% with the company's bond are also deeply troubled.

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'Extra payout' to Maharashtra PSU: HDFC board slaps Rs 1 lakh fines on MD, CFO

HDFC Bank's board penalized top executives over deposit arrangements with MSRDC. The internal review found business overreach but no per...