Ravi Mittal, chairperson, Insolvency and Bankruptcy Board of India (IBBI) said companies in India have yet to learn to use the Insolvency and Bankruptcy Code (IBC) to make themselves more productive.
Notably, the post-pandemic jump in costs of raw materials such as plastic resin, as well as labour and freight, had only further dented Tupperware margins.
China’s Evergrande Group — once the country’s second-largest property developer — on Thursday submitted a bankruptcy petition in New York,…
Go First Airlines on Tuesday announced that its flight operations will remain cancelled from May 3 to May 5 adding that a full refund will be issued to the passengers.
A source at P&W told ANI that the budget airline has a lengthy history of missing its financial obligations to Pratt & Whitney.
Union Home Minister Amit Shah on Tuesday strongly hit out at Congress and alleged that fighting the elections by depending on leaders who joined their party after leaving BJP goes on to show "bankruptcy" of Congress.
Owner of Twitter Elon Musk opened up on the status of the social media platform saying it has saved from bankruptcy and is now in for a breakeven.
Taking to his official Twitter handle, Musk said that the microblogging site continues to have challenges.
SAD president Sukhbir Singh Badal said the AAP Government was denying subsidy to the Punjab State Power Corporation Limited and forcing it to take loans to cover underestimated expenditure of Rs 7,000 crore.
NPS was a saviour of the sinking public finances and all state governments expect West Bengal have adopted the NPS one by one, the last being the then left-ruled state of Tripura in 2015. NPS had restored some discipline in public finances and contributed to making the states generate surpluses in their revenue accounts. Now the backward march will certainly take the states and the nation to the brink of financial disaster
