Tupperware files for bankruptcy protection amid mounting losses
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.
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.
In a letter to FTX employees, accessed by CoinDesk, the former CEO apologized to them, saying he is "deeply sorry about what happened".
The Supreme Court on Friday noted that freebies announced by political parties may push the state towards imminent bankruptcy.
The winner will take charge of a bankrupt nation that is in talks with the IMF for a bailout, with its 22 million people enduring severe shortages of food, fuel and medicines.
The airline said the move is "to allow the company to successfully restructure and reorganise its finances to navigate the Covid-19 crisis and emerge as a leaner and better-capitalised airline", reports Xinhua news agency.
Regulations require the interim resolution professional to offer a choice of three Insolvency Professionals (IP) in the public announcement, and the creditors in a class to choose one of them to act as their authorised representative.
