Is it truly possible that artificial intelligence, the very technological wave promised to unlock trillions in enterprise productivity, could end up upending Oracle (ORCL), the staid, unshakeable, fifty-year-old titan of relational enterprise databases? The company that has quietly powered global banking, enterprise logistics, and government administration for half a century is now carrying a very…
Sono Motors files for insolvency, puts solar business up for sale pv-magazine.com Read the original article here
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Court of Appeal rules that directors who fraudulently misappropriated client money were liable for the cost of repaying it, but not for the company’s subsequent trading losses. In a decision clarifying the circumstances in which companies can recover losses from dishonest directors, the Court of Appeal has ruled that two directors who fraudulently misappropriated client…
Creditors of collapsed insurer United Insurance Company Limited have been given a fresh opportunity to formally lodge their claims nearly 20 years after the insurer was placed under statutory management. The court-appointed liquidator, Kamal Anantroy Bhatt, has called a meeting of creditors on September 11, 2026, at the Kenyatta International Convention Center (KICC) in Nairobi…
SHAH ALAM: Investigations into a Selangor state assemblyman who was allegedly declared bankrupt are still under way, with Speaker Lau Weng San withholding further comment until a full probe is concluded. “The investigation will involve all parties, all constituencies and all other relevant aspects,” Lau said, adding that he had yet to confirm the identity…
Less than three years after acquiring Birla Tyres through the insolvency process, Himadri Speciality Chemical is aiming to build the once-defunct tyre maker into a ₹3,000-crore business, banking on premium products, exports and electric vehicle (EV) tyres to drive its turnaround. The ambitious target comes after Birla Tyres generated ₹187 crore in revenue in FY26,…
The number of UK businesses entering insolvency-related processes fell in the second quarter of 2026, but a decline in new company registrations suggests business confidence remains subdued, according to R3 analysis. R3’s latest Quarterly Business Health report, based on data from Creditsafe found there were 6,854 insolvency-related activities in Q2 2026, down 6% compared to…
Mumbai: The curtains have come down on business as usual for TV Vision Limited after the National Company Law Tribunal admitted an insolvency petition filed by Punjab National Bank, setting the broadcaster on the path to the Corporate Insolvency Resolution Process (CIRP). The Mumbai Bench of the NCLT admitted the lender’s application under Section 7…
KUALA LUMPUR, Aug 3 — The Selangor state assembly is expected to clarify this week whether an unnamed assemblyman has lost his seat after reportedly being declared bankrupt, Utusan Malaysia reported. Selangor Menteri Besar Datuk Seri Amirudin Shari said the matter would be determined by the state assembly Speaker, Lau Weng San, before the Election…