Mumbai: As his company undergoes corporate insolvency proceedings, Byju Raveendran, the founder of what was once India’s most valued startup, has joined the social media platform ‘X’, stating that he wants to talk about the past 20 years and plans to relaunch his company by tapping into the pool of former employees of his firm.

Other than the occasional letter to his employees, Raveendran, the founder of Think & Learn Private Limited, popularly known as Byju’s, had, by and large, stayed silent until this month, despite his company’s health continuing to deteriorate through most of 2023 and 2024 amid his widening differences with a section of its investors. Amid the chaos, there were reports of the founder escaping to Dubai…

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Molly Rose Brewing, the Hot-Listed Collingwood bar and brewing company, went into liquidation this morning. Nic Sandery, who founded the company in 2017, announced the news via an Instagram post.

“A combination of rapidly increasing costs of operations and a reduction in consumer sentiment have made our financial situation untenable and after exploring every possible option we have decided to appoint DBA Reconstruction & Advisory as liquidator,” the post states.

“We are working with DBA to make an offer that will hopefully allow us to retain control of Molly Rose and to continue to keep serving you great beer and food.”

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Beijing Judian Travel Technology (Judian), a joint venture established by Didi and Li Auto in 2018 to develop customised vehicles for ride-hailing services, faced financial collapse due to rapid changes in the electric vehicle industry and volatility in the mobility services market.

Unable to repay research and manufacturing debts owed to nearly 100 suppliers, Judian filed for bankruptcy liquidation. On 8 February 2023, the Beijing Bankruptcy Court accepted the application and appointed Zhonglun W&D Law Firm as the administrator the following day.

Case summary

Following the appointment, the administrator’s team swiftly assumed control of Judian’s assets, accounts and key documents. They assessed the company’s asset…

Another highly-rated indie brewery has fallen foul of the ongoing economic headwinds facing the drinks and hospitality sector today, with Molly Rose Brewing appointing liquidators.

The Collingwood-based brewing company cited delays in their most recent expansion, increases in construction costs and rising interest rates, and the ongoing cost-of-living crisis as contributing factors that have led to today’s filing with ASIC. They have appointed DBA Reconstruction & Advisory to manage the liquidation process, having previously explored a number of other avenues and introduced cost-cutting measures across the business. 

Molly Rose’s decision to bring in liquidators makes today’s appointment distinct from the voluntary…

Retail recorded 25 insolvencies for the first quarter of 2025, a 40% decrease compared to the same quarter in 2024 (42), and down 38% from Q4 2024 (40).

However, the hospitality sector remains under pressure, with 43 recorded insolvencies in the first quarter of 2025, a rate in line with 2024 figures. Some 26 restaurants, seven…

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Telus, a prominent Canadian telecom operator, is contemplating the sale of a minority stake in its wireless tower portfolio. This potential sale is part of a strategic effort to enhance its financial standing. CEO Darren Entwistle emphasized the importance of meeting Telus’ economic parameters while exploring avenues to monetize these infrastructure assets.

The company remains tight-lipped on specific details, but reports suggest Telus might divest up to 49.9% of its 3,000 towers. This could potentially raise over CAD 1 billion, which translates to roughly $700 million. The process appears to involve discussions with private equity entities, pension funds, and international telecom…