Lugano Holdings Inc., operator of luxury jewelry boutiques, files for Chapter 11 bankruptcy with over $500 million liabilities after former CEO fraud scandal. Stores remain open during sale process.
Supreme Court deliberates whether telecom spectrum can be sold during bankruptcy. Government ministries divided as ₹40,000 crore remains stuck in Aircel, RCom cases. Read the full analysis.
Office of His Highness Sheikh Hamdan bin Ahmed Al Maktoum Holdings announces GTBS Digital Ecosystem launch on December 25, revolutionizing digital commerce and trade globally.
Major US ice cream chains like Dairy Queen and Freddy's face store closures due to Chapter 11 bankruptcy filings and franchisee troubles. Get the full story here.
Supreme Court's upcoming decision will determine if telecom spectrum can be liquidated under IBC for lenders to recover dues from bankrupt telcos like Aircel and RCom. Read full analysis.
Purdue Pharma receives court approval for $7.4 billion opioid settlement after Supreme Court intervention. Sackler family to pay $6.5 billion over 15 years in landmark case.
Federal judge approves Purdue Pharma's bankruptcy plan requiring Sackler family to pay $7 billion and surrender company ownership. Thousands of opioid victims to receive compensation in historic settlement.
China's household debt crisis deepens with 83 million potentially in arrears. Rising defaults, aggressive collectors, and economic pressures challenge middle-class stability. Read analysis.
Tenneco Clean Air IPO concludes today with 2.93x subscription. GMP at ₹78. Pure OFS offering. Get latest updates on bidding status and price band.
Foreign investors reduce Indian equity holdings to 15-year low after massive sell-off. Domestic mutual funds hit record ownership while FPIs exit ₹2 lakh crore. Analysis of market trends.
Indian-Canadian billionaire Prem Watsa confirms son Ben will lead Fairfax Financial Holdings. Discover the succession strategy and Fairfax's $7 billion India investments. Read more!
Bill Holdings Inc. is exploring strategic options including a potential sale after pressure from Starboard Value LP. Shares surged 12% on the news. Read more about the payments firm's future.
Sonder Holdings files for Chapter 7 bankruptcy, terminating its Marriott deal and leaving guests stranded worldwide. A travel nightmare unfolds for customers.
State Bank of India argues spectrum can be sold under insolvency to recover dues, while government maintains it belongs to the state. Supreme Court hearing continues.
Bankrupt auto supplier First Brands Group is reviving invoice financing despite previous fraud allegations. Learn how this move could provide cheaper liquidity.
Discover how Anax Holdings, led by visionary entrepreneur Satish Sanpal, is transforming Dubai's luxury landscape with innovative ventures in real estate, hospitality, and automotive sectors, now earning prestigious Forbes acknowledgment.
The Institute of Chartered Accountants of India submits comprehensive recommendations for Insolvency and Bankruptcy Code amendments to strengthen corporate resolution framework.
IBBI makes landmark move to integrate bankruptcy proceedings with PMLA, creating powerful new weapon against financial fraud and strengthening India's financial ecosystem.
Kenai Aviation, owned by American Airlines, ceases all operations amid financial insolvency. Pandemic-era debt and economic pressures blamed for the airline's dramatic collapse.
SoftBank shares plummet over 14% as market cap evaporates by nearly $50 billion in two trading sessions. The dramatic fall follows disappointing earnings and growing investor concerns about the tech giant's portfolio companies.
Explore the controversial role of India's massive gold reserves as the RBI's safety net. Is the glittering metal truly protecting the economy or creating dangerous illusions?
Popular American donut chain Jack's Donuts has filed for Chapter 11 bankruptcy protection. Learn about the financial challenges, store closures, and future plans for this Indiana-based franchise.
Perplexity AI's revolutionary new feature exposes stock market investments of Indian politicians, bringing unprecedented transparency to political finances. Discover how this AI-powered tool works and its potential impact on Indian democracy.
Exclusive look at the substantial assets of Justice Surya Kant, India's next Chief Justice, and his wife - featuring massive fixed deposits, gold holdings, and diverse investments that showcase their financial portfolio.
In a major strategic shift, Japan's Kirin Holdings partners with Anicut Capital to acquire Beer Cafe chain from Bira 91. This acquisition marks a significant consolidation in India's competitive craft beer market while addressing sales performance challen
Major US candy distributor Candy Warehouse collapses into Chapter 11 bankruptcy just before crucial Halloween season, citing dramatic sales decline and economic pressures.
Uncle Nearest Premium Whiskey, the acclaimed Black-owned spirits company, faces severe financial distress with potential Chapter 11 bankruptcy filing amid mounting debt and legal battles.
India's foreign exchange reserves cross the monumental $700 billion threshold, driven by surging gold valuations while foreign currency assets see marginal decline in latest RBI data.
PrimaLend's shocking bankruptcy filing exposes deepening stress among subprime borrowers in India. Discover how this collapse could trigger wider financial tremors and what it means for the lending industry.
The Puerto Rico Electric Power Authority's bankruptcy case has been officially reopened after board members returned to their posts, marking a significant development in the territory's ongoing debt restructuring efforts.