German air taxi start-up Volocopter files for insolvency

(Dec 31): Air taxi start-up Volocopter GmbH filed for insolvency proceedings on Monday, citing its inability to raise new funds to maintain regular operations. The Mercedes-Benz and Honeywell-backed company plans to continue business operations during the insolvency proceedings while seeking additional funding. “Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of…

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No Cookies To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to…

RBI lays down broad principles for lenders relating to their participation in Government Debt Relief Scheme

The Reserve Bank of India (RBI) has laid down certain broad principles for lenders relating to their participation in Government Debt Relief Scheme (DRS), including sacrifice of interest and/or prinicpal and loan account status. This comes in the backdrop of States announcing DRS to provide relief to borrowers such as farmers during natural calamities or…

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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…

Bensons Property Group in Administration: Key Details and Updates

Bensons Property Group in Administration Bensons Property Group in Administration: Bensons Property Group, a leading property developer in Australia, has officially entered voluntary administration amidst the growing challenges in the construction sector. This development has raised concerns among stakeholders, including employees, creditors, and future homeowners. Here’s everything you need to know about what this means,…