![Western Clouds](https://cdn.magzter.com/Business Today/1700822521/articles/BXUj_0guZ1700890143240/WESTERN-CLOUDS.jpg)
CO-WORKING SPACE giant WeWork's decision to file for bankruptcy in the US marked a massive fall for a firm that had jumped to dizzying heights not so long ago. The SoftBank Group-backed start-up was valued at $47 billion in early 2019 and yet announced in October that it was unable to pay back debt.
The contrast between the boom-and-bust story of the global entity and its Indian arm couldn't be starker. WeWork India-a 73:27 joint venture in which Bengalurubased real estate major Embassy Group holds a 73 per cent stake-recorded a 75 per cent year-on-year jump in revenue in FY23, according to its CEO Karan Virwani.
Bu hikaye Business Today India dergisinin December 10, 2023 sayısından alınmıştır.
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Bu hikaye Business Today India dergisinin December 10, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
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A Man of Multitudes
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HOUSE OF THE RISING SUN
WITH THE GOVERNMENT OFFERING SUBSIDIES UNDER THE PM SURYA GHAR MUFT BIJLI YOJANA, MANY HOUSEHOLDS HAVE TAKEN A SHINE TO SOLAR ROOFTOP PANELS. BUT HOW MUCH DO THEY COST?
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FROM GREY TO GREEN
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ECO CHAMBER
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THE GREEN BARRIER
THE EU'S CARBON BORDER ADJUSTMENT MECHANISM COULD MAKE INDIAN EXPORTS UNCOMPETITIVE, UNLESS EFFORTS TO REDUCE CARBON EMISSIONS ARE ACCELERATED
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HUMANISING SUSTAINABILITY
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DE-RISKING THE BOOKS
INDIAN BANKS ARE BEGINNING TO TAKE BABY STEPS TOWARDS ADDRESSING CLIMATE-RELATED FINANCIAL RISKS IN THEIR BOOKS. BUT THEY MUST PUT THEIR FOOT ON THE PEDAL AND ENHANCE PREPAREDNESS
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PAYING FOR CHANGE
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BEYOND THE BLIP
ESG HAS BEEN UNDER SCRUTINY GLOBALLY AMID ALLEGATIONS OF GREENWASHING AND RECORD REDEMPTIONS FROM ESG FUNDS. BUT THAT MAY JUST BE ONE SIDE OF THE STORY, SINCE SUSTAINABLE PRACTICES HAVE BECOME CORE COMPONENTS OF COMPANIES' STRATEGIES
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PROFITING FROM ESG
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