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Google to buy Spirit Airlines business data for $10 millionThe acquired data includes Spirit Airlines' employee emails, Microsoft Teams messages, spreadsheets, and calendars, as well as marketing, ...- WeWork Global sells 2.5% stake in WeWork India Management for Rs 244 croreWeWork Global has divested a 2.5% stake in WeWork India for Rs 244 crore, bringing its ownership down to 12.3% from 14.82%. Despite this st...
- ET Prime Special Series: Multibagger or IBC - Part 71: This small-cap auto supplier is trying to become a consumer brand againThe most interesting part of this old auto story is not nostalgia. It is how the company, after leaving the consumer vehicle market, has re...
- ET Prime Special Series: Multibagger or IBC - Part 70: Almost nobody tracks this company. That may be why its turnaround was missedVery few investors track this old auto supplier, and that may be exactly why its turnaround went unnoticed. This is a business that spent y...
- The road to Rs 1,000 crore: How Steelbird built one of India’s biggest helmet brandsManaging Director Rajeev Kapur explains how Steelbird Hi-Tech India carved out a successful helmet business in India, focusing on qualitati...
- HSBC sells Singapore insurance unit to Allianz in $2.1 billion dealHSBC will sell its Singapore life and health insurance business to Allianz. This deal is valued at S$2.7 billion and is expected to close i...
- NCLT approves Aspect JV's resolution plan for Radius & Deserve Land DevelopersThe NCLT approved Aspect Group's resolution plan for Radius & Deserve Land Developers. This approval concludes the company's corporate inso...
- RBI bars banks, NBFCs from selling acquired stressed assets back to defaulting borrowers, related partiesNew Reserve Bank of India norms will prevent lenders from reselling acquired assets to defaulting borrowers. These prudential rules apply t...
- Udaan avoids bankruptcy, reaches agreement with offshore creditors to settle $178 million claimBlackrock, world’s largest asset manager has agreed to provide $45 million of fresh credit facility. The restructuring will also include up...
- When Warren Buffett bought one company because of a book, and another on a handshakeHow does the world’s most careful investor buy a company with no due diligence at all? One of Warren Buffett’s acquisitions began with an a...
- ET Prime Special Series: Multibagger or IBC - Part 64: An old 2-wheeler supplier that now earns more from a newer businessAt first glance, this auto ancillary company looks like a conventional two-wheeler supplier. But its business mix tells a wider story. A ne...
- India's private credit market doubles to $25 billion AUM in five years: ReportIndia's private credit market is booming, nearly doubling to $25 billion in assets under management over five years, fueled by strong busin...
- In Trump's crypto 'scrip', family always wins. Investors don'tIn an eyebrow-raising twist of fate, the Trump family reportedly amassed over $2 billion through various cryptocurrency initiatives, leavin...
- Electric truck company Nikola files for Chapter 11 bankruptcy protection — Calls it ‘best possible path forward’In a press release, Nikola stated that it intends to continue providing limited (non-dealer) service and support operations for its trucks ...
- Partial sale of companies won't be default under Insolvency and Bankruptcy CodeThe Indian government may permit the partial sale of a stressed company only if it fails to attract a buyer for the entire entity under the...
- SVB Financial explores bankruptcy as option for asset salesSVB said on Monday it was considering strategic alternatives for its assets but did not disclose bankruptcy as one of the potential options.
- Bank of India initiates bankruptcy process against Future's fashion unitPart of debt-ridden Future Group, the fashion retailer, which operates clothing stores under "Central" and "Brand Factory" brands, said is ...
- Telecom bankruptcies worth $6 billion left hanging as ministries argue over airwavesAny uncertainty about lenders’ rights over the key assets of operators could also discourage lending or bank guarantees to Bharti Airtel Lt...
- Chrysler, GM sales may survive creditor challengeChrysler and General Motors will likely succeed in spinning off their best assets to new entities because the law favours them over credito...
- Chrysler seeks approval to sell assets by May 22Chrysler LLC, under orders by President Barack Obama to conduct a quick bankruptcy, will ask court approval to auction most of its assets i...
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