IIHL Tells NCLAT It Has RBI Nod For Name Change, Seeks 8 Weeks To Drop ‘Reliance’ Brand

IndusInd International Holdings Ltd (IIHL), the successful resolution applicant for Reliance Capital, informed the National Company Law Appellate Tribunal (NCLAT) on Friday that it has received approval from the Reserve Bank of India (RBI) to change the company’s name and expects the rebranding process to be completed within eight weeks. The submission came amid an…

Scottish company insolvencies jump 41% year-on-year

Company insolvencies in Scotland saw a sharp increase in September 2025, rising 41% compared to the same month last year. Official figures show 103 companies became insolvent. This total was comprised of 50 creditors’ voluntary liquidations (CVLs), 48 compulsory liquidations, and five administrations. Despite the monthly surge, the overall insolvency rate for the year to…

G20 Reaffirms Support for Debt Relief and Sustainable Financing for Developing Nations

  The Group of Twenty (G20) Finance Ministers and Central Bank Governors has reaffirmed its strong commitment to help low- and middle-income countries manage debt vulnerabilities through comprehensive and systematic approaches. This commitment, contained in the Ministerial Declaration on Debt Sustainability issued on Thursday, underscores the bloc’s recognition that debt distress remains a…

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Supernaut AI bags €530K to help developers resolve stalled tickets and reduce technical debt

Lithuanian AI startup Supernaut AI has raised a €530,000 pre-seed investment from Helsinki- and Vilnius-based venture capital fund Superhero Capital.  Supernaut AI is building an “AI-native” tool for engineering teams, designed to accelerate software development by automating repetitive, time-consuming tasks and turning them into tested, documented code within minutes.  The solution integrates with commonly used…