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The article discusses the facility known as Factory V of the government-owned Indian business HMT Watches Ltd. in Ranibagh, India. According to the article, the factory manufactured only four or five windup watches per day as of mid-June 2015. The article states that the Indian agency the Ministry of Heavy Industries and Public Enterprises indicated that the closure of the factory was being planned. It discusses the past success of HMT watches and presents comments from labor union president Mahendra Bisht.

The article presents financial industry news briefs as of July 24, 2014, stating French magistrates have placed the Swiss bank USB AG under formal investigation concerning money laundering, the U.S. Securities and Exchange Commission approved a rule making it more difficult for brokers to have customer-damage claims erased from public records, and India plans on selling more shares in state-owned companies directly to an exchange-traded fund.

The article presents news briefs from around the world on several topics including a planned sale of shares of state-operated companies in India, an announcement by China's Supreme People's Court that it would review a death sentence given to businesswoman Wu Ying, and a survey that found five of the world's ten most expensive cities to live in are in Asia or Australia.

The article explores how the middle class in India is pressuring the government to improve state industries and change policies, focusing on the modernization of the government-run bus service Brihan Mumbai Electric Supply & Transport Undertaking Ltd.