India’s startup ecosystem has been one of the biggest success stories in the global innovation economy. From tech unicorns to new-age D2C brands, the past decade has seen extraordinary entrepreneurial momentum. But as the ecosystem matures, some growing pains have become more visible—especially around financial discipline and long-term sustainability. The recent insolvency plea against GlobalBees,…
Globalbees Brands Private Limited, a material subsidiary of FirstCry’s parent company Brainbees Solutions Limited, is facing insolvency proceedings after three individuals filed a petition with the National Company Law Tribunal (NCLT), New Delhi Bench. The application, filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, has been submitted by Ashutosh Garg, Paritosh…
FirstCry parent’s subsidiary GlobalBees faces Rs 64.92 crore insolvency petition from Kuber Mart directors financialexpress.com Read the original article here
Declaring bankruptcy could affect your pension savings in a variety of ways, depending on how you saved, how much you have and when you last put money away. Experts at PensionBee have broken down the details, as meeting some simple criteria could actually mean your retirement fund is off limits to authorities. When you declare…
LeddarTech, once high-flying Canadian lidar maker, to file for creditor protection Automotive News Read the original article here
Aptose CEO props up biotech’s finances to prevent company from going bust Fierce Biotech Read the original article here
After falling victim to ransomware, a 100-year-old German napkin factory files for insolvency Cybernews Read the original article here
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Dunedin businessman Malcolm Burns declared bankrupt BusinessDesk | NZ Read the original article here
Although the U.S. solar industry continues to grow, several factors are driving this downturn in demand: High interest rates and net metering rollbacks have reduced the financial benefits of going solar for homeowners, while shifting government policies are causing uncertainty for the future of clean energy incentives, putting heavy financial pressure on companies like Sunnova…