Ashoka: Siddaramaiah's top feat is bankrupting Karnataka
BJP's Ashoka criticizes CM Siddaramaiah on equalling Devaraj Urs's record, alleging financial mismanagement has pushed Karnataka towards bankruptcy. Read the full political clash.
Category : Search result: Lugano Holdings bankruptcy
Jefferies Seeks Ex-CEO Testimony in First Brands Case
Jefferies presses to question First Brands founder under oath amid a $715M invoice scandal. The legal battle intensifies as the former CEO cites the Fifth Amendment. Read the full details.
Saks in Talks for $1B Loan Ahead of Chapter 11 Filing
Saks Global Enterprises is negotiating a $1 billion loan for a potential Chapter 11 bankruptcy filing. The luxury retailer missed a $100M interest payment and faces sales decline. Read the full story.
Elon Musk's 2008 Fury: Tesla on Brink, Demanded Names
In 2008, Tesla neared bankruptcy as Elon Musk, amidst his divorce, raged at executives over faulty Roadster parts. Discover the untold story of Tesla's darkest hour. Read the full report.
Japan's Kioxia tops 2025 stock performance with 540% surge
Japanese memory chip maker Kioxia Holdings saw its shares skyrocket 540% in 2025, outperforming all US tech giants. Discover how the AI data storage boom fueled this incredible rise.
87% Success Rate for Student Loan Bankruptcy Discharge
A new study shows an 87% success rate for discharging student loans via bankruptcy, debunking a persistent myth. Learn how policy changes have made this path more accessible for millions of borrowers.
FY27 Budget: Deregulation, Decriminalisation Reforms Lined Up
The upcoming FY27 Union Budget will push for deregulation & decriminalisation of laws to fuel India's medium-term growth. Key amendments to Companies Act & IBC expected. Read more.
Mumbai cargo halt may push exporters to Delhi, Bengaluru
A proposed 10-month freighter suspension at Mumbai airport could spike air freight costs, forcing Maharashtra exporters to reroute via Delhi or Bengaluru. Navi Mumbai airport not yet a viable alternative.
Elon Musk's 2008 Tesla Crisis: 'Get Happy or Get Divorced'
Old footage reveals Elon Musk's tense 2008 ultimatum to Tesla team as both Tesla and SpaceX neared bankruptcy. Discover the inside story of the 'skin of their teeth' era. Read more.
NCLAT Sets Aside NCLT Order in Culver Max Insolvency Case
NCLAT overturns NCLT's dismissal of Culver Max's insolvency plea against Rechargekit Fintech, citing denial of opportunity to rectify defects. The case is remanded back to NCLT for fresh hearing.
India's Forex Reserves Jump $4.37 Billion to $693.32 Billion
India's foreign exchange reserves surged by $4.37 billion to $693.32 billion as of December 19, 2025, nearing an all-time high. Discover the RBI's latest gold holdings and what this means for the economy.
Embrace Bankruptcy for Stronger Economy: EAC-PM Member
EAC-PM's Sanjeev Sanyal argues that allowing companies to fail is vital for India's economic dynamism. Learn why a 'continuous churn' is necessary for long-term strength.
Adani's NMIA Opens with Drone Tribute & First Flight Welcome
Gautam Adani inaugurates Navi Mumbai International Airport with a stunning drone show & passenger-centric vision. Discover how NMIA will transform India's aviation landscape. Read more!
Ric Flair vs Vince McMahon Net Worth 2025: Shocking Gap
Ric Flair's net worth in 2025 is a modest $500K-$1M, while Vince McMahon's wealth towers at $2.5-$3B. Explore the contrasting financial journeys of these wrestling legends.
China's Yuan Nears Key 7/Dollar Mark, Strongest in 15 Months
China's onshore yuan surges to a 15-month high near 7 per dollar. Driven by exporter conversions and a weak dollar outlook, analysts predict further appreciation in 2025. Read more.
Why iRobot Failed: Ex-CEO Blames Chinese Rivals, Amazon
iRobot's co-founder Colin Angle explains how Chinese competitors and a blocked Amazon deal led to Roomba maker's bankruptcy. Read the full analysis of the robot vacuum market shift.
Treasury Wine Jumps 7% After Billionaire Goudet Investment
Treasury Wine Estates shares soared after European billionaire Olivier Goudet acquired a 5% stake. The investment offers a major boost to the Penfolds owner, which is battling weak demand in the US and China. Read the full analysis.
Saks Considers Bankruptcy Ahead of $100M Payment
Saks Global Enterprises faces a critical $100+ million debt payment on Dec 30, exploring Chapter 11 bankruptcy and emergency funding. Read the full analysis of the luxury retailer's financial crisis.
Panel Proposes Multiple IBC Plans for Stressed Assets
A parliamentary panel recommends allowing multiple resolution plans for different assets of an insolvent firm, aiming to boost value and attract bidders. Explore the potential shift in India's insolvency landscape.
Jim Beam Closes Main US Distillery for 2026
Jim Beam bourbon pauses production at its Clermont distillery in 2026 due to oversupply. Discover the global sales slump, impact of tariffs, and how Indian brands are changing the game.
Saks Considers Bankruptcy Ahead of $100M Payment
Saks Global Enterprises is exploring Chapter 11 bankruptcy as a last resort before a crucial $100 million debt payment due Dec 30. The luxury retailer's turnaround plan has faltered. Read more.
FlexShopper Files for Bankruptcy After CEO Fraud Probe
Lease-to-own firm FlexShopper files for Chapter 11 bankruptcy with over $100M liabilities. Read about the CEO fraud scandal and the planned sale to Snap Finance.
Vince and Shane McMahon's Starkly Different Financial Paths
Explore the contrasting financial empires of Vince and Shane McMahon. One built a wrestling monopoly, the other chose diversification. Discover their unique legacies.
IBC Amendments 2025: Lok Sabha Panel Chief Hails Reforms
Lok Sabha panel chief Baijayant Panda calls IBC amendments a 'game-changer' to halve resolution time and boost recoveries. Bill excludes project-specific insolvency for real estate.
FAT Brands Shareholder Sues Over Hidden Debt, Bankruptcy Risk
A FAT Brands shareholder sues, alleging the firm hid over $1.4B debt & used high-interest loans. Stock hits a 5-year low. Read about the bankruptcy risk & legal battle.
McMahons' $3.2B Net Worth in 2025: WWE Legacy
Vince and Linda McMahon's combined net worth hits $3.2 billion in 2025. Explore their journey from WWE's rise to TKO Group wealth, business moves, and current status.
Navi Mumbai Airport to Add 3 Terminals, 90M Capacity
Adani Airport Holdings announces three new terminals for Navi Mumbai International Airport, aiming for 90 million annual passengers. First phase opens March 2025.
India's 35,000-Tonne Private Gold Stockpile Worth $5Tn
A Morgan Stanley report reveals Indian households hold a staggering 35,000 tonnes of gold, worth $5 trillion. This massive informal savings pool surpasses even the Titanic's capacity. Discover the scale and impact.
FIIs Sell Record $18.3B, Rupee Hits 91 in 2025
Foreign investors have sold a record $18.3B in Indian stocks in 2025, pushing the rupee to an all-time low of 91. Explore the top 10 FIIs and their biggest holdings. Read the full analysis.
Ex-BluSmart CEO leads Refex bid for bankrupt EV ride-hailer
Former BluSmart CEO Anirudh Arun now heads Refex Mobility, which is bidding for the bankrupt EV cab operator's 5,000+ charging stations and tech stack. The move could reshape India's green mobility sector.
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