The Indian government has accepted nearly all parliamentary panel recommendations for IBC amendments to speed up resolutions and protect new investors, but flagged a key concern on retrospective application. 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.
2025 emerged as a pivotal year for India's economy with major reforms in taxation, banking, and infrastructure. Discover how these changes are fueling growth and what they mean for the future.
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.
India plans deeper reforms in 2026 focusing on taxes, regulations, and MSME support to achieve 8% GDP growth and become an advanced economy by 2047. Read the key policy priorities.
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.
The UAE has enacted a sweeping new Civil Transactions Law, reducing the legal age to 18 and modernising contracts, consumer rights, and business frameworks. Discover how this impacts residents and global investors.
Explore India's ambitious 2026 vision for transformative reforms in healthcare, education, and the economy. Discover the key policies shaping the nation's future. Read more!
Haryana's Additional Chief Secretary announces the state is a national leader in criminal justice system reforms. Discover the key initiatives and their impact.
Andhra Pradesh's education sector transformed in 2025 with massive teacher recruitment, digital integration, and student-centric reforms. Discover the key initiatives that reshaped learning.
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.
PM Narendra Modi states 2025 will be defined by India's reform push for governance, modern institutions & inclusive growth. He urges investors to trust India's potential.
Karnataka's Administrative Reforms Commission recommends shutting or merging 1000 dormant government account heads to boost efficiency and curb wasteful spending. Read the full report.
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.
Karnataka's Administrative Reforms Commission recommends a fixed 3-5 year period for new welfare schemes and a 'one-in, one-out' policy to optimize state resources. Read the key proposals.
Prime Minister Narendra Modi met top economists at NITI Aayog, urging mission-mode reforms for long-term growth. Key focus on agriculture, MSMEs, and employment generation. Read the full discussion.
PM Modi says India's next-gen reforms in GST, taxation, and FDI are accelerating growth, earning global confidence. He highlights a trust-based system for a Viksit Bharat.
Prime Minister Narendra Modi envisions 2025 as a landmark year for India's growth, dubbing it the 'Year of Transformative Reforms'. He urges the nation to board the 'Reform Express' for a developed India. Read more.
The Indian government has outlined a major outcome-driven reform agenda for 2025, focusing on GST 2.0, rationalized income tax slabs, and implementing new labour codes. Explore the key changes.
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.
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.