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Huge challenge lies in front of Raghuram Rajan as banks can still mask bad debts

India's banks are grappling with more than $110 billion of corporate stressed debt, a burden that i…

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1 min read

Healthtech platform MFine lays off more than 500 employees amid financial crunch

mFine, which raised $48 million (over Rs 356 crore) in Series C funding, has let go half of its tot…

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Bed Bath & Beyond sinks 35% after the retailer says it lacks funds to pay debts and receives a default notice from JPMorgan

The stock hit an intraday low of $2.10, down 35%, and triggered two trading halts during afternoon …

Carla Mozée   


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Revlon succumbs to bankruptcy amid crippling debt, rising inflation, and global supply chain woes

Revlon said in a SEC filing that it expects to receive $575 million in bankruptcy financing from cu…

Bethany Biron,Ellen Thomas   


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Revlon succumbs to bankruptcy amid crippling debt, rising inflation, and global supply chain woes

Revlon said in a SEC filing that it expects to receive $575 million in bankruptcy financing from cu…

Bethany Biron,Ellen Thomas   


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1 min read

US court approves GCX restructuring plan

New Delhi, Dec 5 () Undersea cable firm Global Cloud Xchange, formerly a Reliance Communications' a…

PTI   


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4 mins read

Florida's Democratic Party is having an identity crisis: 2020 losses were the culmination of strategic missteps, cultural blindness, and internal divides

For decades the Party has been losing its footing. After a shellacking in 2020, operatives are stru…

Jonah Goldman Kay   


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1 min read

Uncertainty looms over Jaypee’s cement deal with UltraTech, ICICI begins debt restructuring

People familiar with the development told ET that UltraTech wanted to minimise the ticket size of t…

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3 mins read

The real story behind Reliance Industries' spectacular $40 billion bull-run

If something is too good to be true, it probably is. After Reliance Industries’ spectacular bu…

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2 mins read

Anil Ambani is firefighting another charge that says RCom diverted funds into other group companies

The promoters of Reliance Communications (RCom) have refuted a fresh set of allegations that funds …

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2 mins read

Tata Group enters airports business with a $3.2 billion restructuring deal with GMR

Tata, along with an affiliate of Singapore sovereign wealth fund GIC, and SSG Capital Management…

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1 min read

It’s the time for the govt to decide the fate of PSU banks, says Uday Kotak

"The time has now come to bite the bullet. The state, sooner or later, may have to make the dif…

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Greeks are 'strategically' not paying their mortgages

Greek mortgage performance appeared to be stabilising before the January elections. Loans with at l…

Oscar Williams-Grut   


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Meet the 35-year-old CEO who wants to turn around bankrupt Red Lobster

Damola Adamolekun, former P.F. Chang's CEO, is set to lead Red Lobster as it emerges from bankruptc…

Lian Kit Wee   


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WeWork files for bankruptcy but India's operations not affected

Leading flexible workspace provider WeWork, once valued at $47 billion, has filed for bankruptcy in…

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Read the email the CEO of WeWork sent to US-based members as the company filed for bankruptcy

The bankruptcy filing caps a dramatic fall from grace for the company that was once valued at $47 b…

Huileng Tan   


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Miss Universe's new parent company was meant to revive the struggling pageant, but now its facing its own financial woes

JKN Global Group bought Miss Universe for $20 million in 2022. A week before the 2023 pageant, it f…

Samantha Grindell,Anneta Kons…   


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Bed Bath & Beyond stock crashes 22% as the struggling retailer hints at potential bankruptcy

The meme-stock favorite said sales for its third quarter are expected to tumble by roughly a third,…

Phil Rosen   


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Trucking giant Yellow declares bankruptcy after nearly 100 years in business

Yellow, one of the country's largest less-than-truckload carriers, has roughly 30,000 employees.

Associated Press   


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Adam Neumann, the ousted CEO of WeWork, toyed with a rescue package for the company

Sandeep Mathrani also entertained ideas to shore up WeWork from coworking firm IWG and broker JLL b…

Al Yoon