A week after the bankruptcy of West Plant Group’s parent company, the group’s own plant breeding companies have now been declared bankrupt. They are West Plant Fruits, West Plant Limburg, West Plant Vegetables, West Plant Biological and West Plant Retail. The liquidator is investigating the possibilities for a relaunch and is in talks with…
Updated Feb 26, 2025 18:43 IST Gautam Adani to acquire power company once owned by Anil Ambani (Pic: ET NOW) Vidarbha Industries Power Ltd (VIPL), once a subsidiary of Anil Ambani’s Reliance Power , was undergoing insolvency proceedings. Last year, Reliance Power had announced that Vidarbha Industries Power ceased to be its subsidiary. Adani Power…
NCLT Admits Ansal Properties & Infrastructure to Insolvency on IL&FS Plea for Rs257 Crore Dues Moneylife Read the original article here
Australia’s No-Holds-Barred War on Phoenix Fraud: Crushing Corporate Crooks AussieTheatre.com Read the original article here
Tesla Automation GmbH, a subsidiary of Tesla Inc. TSLA, has reached an agreement to purchase assets from the German technology company Manz AG. According to the press release issued on Tuesday, the deal involves acquiring Manz’s Reutlingen facility along with over 300 employees working there. Tesla Automation plans to manage this new location moving forward.…
Tesla Automation GmbH, a subsidiary of U.S. electric vehicle giant Tesla Inc., has signed a deal to acquire key assets of insolvent German automation systems supplier Manz AG. The Local Court of Stuttgart opened insolvency proceedings about the assets of Manz AG on Monday. The Tesla Automation agreement: As per the purchase agreement, Tesla Automation…
Tesla CEO Elon Musk has warned that California is at risk of going bankrupt if significant changes aren’t made. In a post on X (formerly known as Twitter), Musk emphasized the urgency of the situation, stating, “Crucial or California will go bankrupt.”The tech billionaire quoted an X user’s post that read “We need @DOGE California.…
Motorbike Maker KTM’s Creditors Take 70% Hit in Restructuring MSN Read the original article here
I don’t know if you’ve heard, but KTM is in some serious trouble. Aside from layoffs, insolvency hearings, MotoGP development pauses, and a culling of the board, it really hasn’t sold all that many motorcycles over the last year. How many hasn’t it sold you ask? How does a year’s worth sound? Or to put…
Administrators KPMG placed Beston Global Food into liquidation on Monday, having failed to find a buyer for the beleaguered dairy business which collapsed late last year. KPMG was appointed administrator in September after a divestment of its meat processing subsidiary failed to prop the company up. At the time, the company said it had received…