China's Evergrande Group Delays 2023 Annual Results

Hong Kong Regulator Probes PwC's Audit of China Evergrande Group

The regulatory authority in Hong Kong has initiated an investigation into the auditing practices of PricewaterhouseCoopers (PwC) regarding its oversight of the China Evergrande Group. This move comes amidst growing concerns over the financial stability and transparency of the embattled Chinese real estate giant.

The investigation underscores regulatory scrutiny over auditing standards and corporate governance practices within the real estate sector, particularly concerning companies like China Evergrande, which have faced significant financial challenges in recent times.

PwC's au..

PwC Clears Allegations Regarding Evergrande Audit

In the midst of mounting concerns surrounding China Evergrande Group's financial stability, PricewaterhouseCoopers (PwC) has vehemently rejected allegations regarding its audit of the embattled real estate giant. Evergrande, a key player in the Chinese property market, has been under intense scrutiny due to its massive debt burden, sparking fears of a potential financial crisis with global implications.

PwC's statement comes as a reassurance to investors and stakeholders, seeking clarity amidst the uncertainty surrounding Evergrande's financial health. The audit firm's assertion serve..

Evergrande's £300B Debt Sparks Unprecedented Liquidation

China's property giant Evergrande faces turmoil as it's ordered to liquidate amidst an overwhelming £300 billion debt. The global impact is profound, raising concerns about China's property sector and its potential economic fallout.

In a historic financial development, Evergrande, a major player in China's real estate, has been directed to liquidate due to its staggering ?300 billion debt. This move sends shockwaves globally, with reverberations felt in real estate markets and financial circles. Observers worldwide are closely monitoring the situation, recognizing the potential do..

TVS Motor Unveils Electric Two-Wheeler

TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.

The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..

Chinese EV Giant Leapmotor Eyes Indian Market

Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.

Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..