China Evergrande Group said it has resumed construction at most of its housing projects as authorities push the debt-laden developer to pay migrant workers and deliver apartments, Bloomberg News reported. Nearly 92% of Evergrande’s property projects have so far restarted, compared with just about 50% at the beginning of September, according to a company statement released Sunday night. The number of workers involved in the projects that have resumed building has risen 31% from September to 89,000.

China is seen adding stimulus to stabilize growth next year, with various ministries vowing more proactive measures to reverse the slowdown caused by a worsening property slump, weak consumption and the coronavirus, Bloomberg News reported. As downward pressure on the economy increases, China’s top leaders made ensuring stability their top priority for next year, telling all regions and ministries to share responsibility in achieving that goal. Heeding the call, the central bank pledged to pro-actively introduce monetary policies that are conducive to economic stability.

The Reserve Bank of India’s weekend intervention in RBL Bank has triggered rumors regarding the health of the privately-owned lender, Asia Times reported. The central bank on Dec. 25 appointed its own staffer, Chief General Manager Yogesh Dayal, as an additional director on RBL Bank’s board for a two-year term. At the same time, RBL Bank said its Chief Executive Officer Vishwavir Ahuja will go on leave and Executive Director Rajeev Ahuja will take over as interim chief.

Edison Motors is acquiring SsangYong Motor, the South Korea-based automobile manufacturer that has gone bankrupt, and it was reported that the deal may be completed this week, Economic Times reported. Sources stated that the merger is likely to be sealed in a few days, with Jan. 7 being the latest. "We need to adjust the contents of the contract, but if the discussion goes well, it can be done within this month," an official from Edison Motors said in a statement.

Kazakhstan’s cryptomining industry was initially boosted by China’s tightening grip on digital asset regulation, but some seven months down the line, it’s emerging that Kazakh-based miners are fed-up with electricity shortages, cryptoslate.com reported. Some miners report nearing bankruptcy due to the national grid’s inability to supply consistent power. Just as the country was emerging as a significant global cryptomining hub, it seems as though things have gone south as miners begin to leave. China had banned financial institutions from dealing with crypto transactions this past May.

Adani’s bid for Mumbai realty company Radius Estates has been approved by 80% of creditors, surpassing the requisite two-thirds majority required under Insolvency and Bankruptcy Code (IBC) guidelines for approval of a bid, Economic Times of India reported.