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STARTUPS BANKRUPTCY
Year 2008. Elon Musk was almost broke, facing divorce, close to a nervous breakdown. How just 3 days around Christmas changed his life and SpaceX fortunes foreverIn 2008, Elon Musk faced near financial ruin with SpaceX and Tesla on the brink of collapse. After a critical SpaceX launch succeeded, NASA...- Remember GoPro, the king of action cameras? The once-$11 billion giant is now fighting just to stay aliveGoPro bankruptcy risk: Once an $11 billion market cap giant, GoPro now faces an uncertain future. Its auditor raised "substantial doubt" ab...
- From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
- Why Indian investors are looking at space economy ETFs ahead of SpaceX IPO: Subho Moulik of Appreciate decodesIndian investors are eyeing the global space economy ahead of the SpaceX IPO. With no pure-play listed space companies in India, global ETF...
- We are building India-specific models for early-growth and scaling companies: FulcrumQ’s Shefali SalwanIndia is one of the most consequential markets for us, says Shefali Salwan, Founder of FulcrumQ, a global strategy and human capital adviso...
- Uber-backed Lime reveals revenue surge in US IPO filingLime, the electric bike and scooter company, has filed for a U.S. initial public offering. The firm reported a significant increase in year...
- Tata Electronics' $30 billion fab bet; Ather's Q4 revenue surgeTata Electronics CEO Randhir Thakur lays out the group’s big swing in fabs, advanced packaging and more in an interaction with ET. This and...
- Chinese business hired lobbying firm with ties to Donald Trump Jr, then scored a win in WashingtonA U.S. startup's bid to remove a Chinese investor from its board was rejected by a national security watchdog. A lobbying firm connected to...
- Fisker bankruptcy plan approved after deal on vehicle tech supportUS Bankruptcy Judge Thomas Horan signed off on Fisker's bankruptcy plan at a court hearing in Wilmington, Delaware, clearing the company to...
- U.S. electric vehicle maker Fisker files for bankruptcyThe bankruptcy filing by U.S. electric vehicle maker Fisker comes after failed deal talks with a major automaker, resulting in the company ...
- SoftBank’s WeWork, once valued at $47 billion, files for bankruptcyWeWork, the SoftBank Group -backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protect...
- End of faking it for startups in Silicon ValleyInvestors are no longer buying startup world’s habit of playing fast and loose with the truth
- SoftBank-backed Katerra files for bankruptcy in US with billions in debtKaterra has reportedly told employees it plans to shut down, marking the collapse of the SoftBank-backed construction firm that had raised ...
- Over 1,000 laws nixed to facilitate startups: KantTo create wealth in the country, entrepreneurship has to be promoted, Kant said adding the government has taken lot of steps especially for...
- Faster insolvency process in place for startups, small companiesApart from startups and small companies, an unlisted firm with total assets worth up to Rs 1 crore would be eligible for fast-track insolve...
- Insolvency resolution time for smaller companies may be shortenedThe bankruptcy code provides for a fast track process for certain categories of corporate persons with provision for one time extension up ...
- Insolvency Code to make start, exit easy for startups: Nirmala SitharamanInsolvency and Bankruptcy Code, which seeks to provide an easy exit option for insolvent and sick companies, has been referred to a 30-memb...
- Startups: No tax on profits for 3 years, exemption from capital gains mark PM Modi’s Action Plan“The fund-of-funds is expected to spend Rs. 2500 crore every year for the next four years and have a corpus of Rs. 10,000 crore,” said Modi.
- Government working to make start, exit easy for startupsWorld Bank country director Onno Ruhl said India needs to grow and innovate and create jobs as one million people enter labour force every ...
- Budget 2015 fails to resolve Sec 56, angel investors lament missed chanceJaitley had added that Sick Industrial Companies Act (SICA and Bureau of Industrial and Financial Reconstruction (BIFR) have failed when it...
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