Recoveries under India's Insolvency and Bankruptcy Code (IBC) saw a sharp decline in FY 2025-26. Admitted claims yielded only 23 percent, a...

Quote of the Day by Mark Twain is on thoughtfulness and emotional conversation. He believed the difference between an almost correct word a...

Quote of the day by Lisa Su: AMD CEO Lisa Su inspires future leaders. She emphasizes dreaming big and embracing opportunities. Su highlight...

A new Creditor-initiated Insolvency Resolution Process (CIIRP) aims to expedite debt resolution, allowing financial creditors with 51% debt...

Iran war: Donald Trump's actions regarding Iran have led to significant financial costs for American taxpayers and human casualties. His rh...

Dilip Oommen, CEO of AM/NS India, will retire at the end of June. Amit Harlalka, the current chief financial officer, will take over as CEO...

A Johnson & Johnson subsidiary has filed for bankruptcy for the third time to advance a $10 billion settlement aimed at resolving over 62,0...

According to filings, it also owes money to other companies that provide enterprise software services to the company, including Workday, Ad...

The wave of bankruptcies comes as companies struggle to re-negotiate burdensome debtloads accumulated during the era of ultra-low interest ...

The bankruptcy will not interrupt daily operations for Vice's businesses, which in addition to its flagship website include the ad agency V...

The two media groups have different profiles and goals, but one thing they have in common is a reliance on advertising dollars to fund thei...

The media firm has received interest from five companies and might consider a sale to avoid bankruptcy, the NYT report said.

The New York Times reported that the company has been struggling to find a buyer to avoid declaring bankruptcy but there is still a chance ...

ICRA estimated lenders lost Rs 4,000 crore in the dozen high profile cases referred in the first phase.

General Motors and Chrysler defended their plans on Wednesday to eliminate about 3,000 dealerships in front of critics in Congress.

Six GM executives sold more than 200K shares as GM moves toward issuing new equity to give large stakes. More on Financial crisis | Countri...

Bondholders of the beleaguered Lehman Brothers may lose $110 billion (about Rs five lakh crore) on account of decline in the asset-value of...