Palihapitiya: SpaceX to Reverse Merge with Tesla, Not IPO
Billionaire Chamath Palihapitiya predicts a SpaceX-Tesla reverse merger, not an IPO. This move could consolidate Elon Musk's control as his wealth hits $600 billion. Read the full analysis.
Billionaire Chamath Palihapitiya predicts a SpaceX-Tesla reverse merger, not an IPO. This move could consolidate Elon Musk's control as his wealth hits $600 billion. Read the full analysis.
NASA and SpaceX target September 20 for Crew-11's return from the ISS. The mission marks another milestone in commercial spaceflight and international cooperation. Read the full details.
NASA orders first-ever medical evacuation from ISS. SpaceX Dragon to bring Crew-11 astronauts back months early on January 14. Details on the emergency.
Calcutta High Court reduces sentence of two men in a 2008 assault case, citing the 17.5-year delay. Justice Ghosh states sending them to a correctional home now serves 'no fruitful purpose'. Read the full details.
Bankrupt First Brands Group sues ex-executive Edward James and creditor Onset Financial, alleging a $2.9 billion fraud scheme. Read the full details of the lawsuit.
The $2.7 billion luxury retail merger of Saks and Neiman Marcus has led to a debt crisis, delayed vendor payments, and potential bankruptcy. Discover the inside story of the failed deal.
The government may announce reforms to SARFAESI Act and DRT procedures in Budget 2026-27 to clear backlog of 178,000 cases and speed up debt recoveries. Key changes aim to reduce litigation.
Former NFL superstar Antonio Brown's net worth is now estimated at -$3 million. Explore his dramatic financial fall from $80M career earnings to Chapter 7 bankruptcy.
Amex Platinum cardholders are rushing to use Saks credits as bankruptcy looms. Learn what experts say about gift card safety and how past retail cases unfolded.
As Parliament gears up for the 2026 Budget Session, high-stakes bills on simultaneous elections, higher education, and financial markets await final clearance. Get the full analysis of India's legislative roadmap.
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.
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 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.
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.
Colonel Prasad Purohit, cleared in the 2008 Malegaon blasts case, announces his impending retirement. He plans to dedicate his post-service life to national service and grooming future armed forces aspirants. Read his inspiring vision.
A postal assistant in Amritsar was allegedly pressured to speak Punjabi, not Hindi. The incident ignites debate on language use by central govt staff in Punjab. Read more.
Milwaukee Bucks coach Doc Rivers secures 1,176th career win, surpassing George Karl for 6th place on NBA's all-time list. Read about his legendary journey.
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.
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.
Released on August 22, 2008, 'Ragasiya Snehithane' is a Tamil drama directed by Sujo Visanth, starring Raai Laxmi and Vasanth. Explore the film's details and legacy.
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 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.
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.
Declassified documents reveal Vladimir Putin's 2008 warning to George W. Bush about Pakistan's nuclear arsenal falling to extremists. Explore the historic geopolitical concerns.
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.
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.
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.
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.
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.
A Thane court adjourned the hearing in the 2008 railway recruitment case against MNS chief Raj Thackeray due to the investigating officer's absence. The next hearing is scheduled for January 8. Read the full details.