The electric car company Fisker has filed for US bankruptcy protection, making it the latest EV startup to collapse trying to challenge the established car industry.

The company was started in 2016 by the husband-and-wife team Henrik Fisker and Geeta Gupta-Fisker. It is the second attempt by Fisker, a former Aston Martin design chief, to establish an EV challenger that has ended in bankruptcy.

Alongside focusing on green manufacturing methods, Fisker also used an unusual “asset-light” production model. This relied on contract manufacturers to assemble its cars, avoiding the huge investments required to build factories.

The company blamed supplier delays for missed production targets and struggled to hit ambitious sales forecasts after…

The news: Embattled voice recording tech company Dubber looks to be at risk of insolvency as auditors flagged ‘material uncertainty’ in its full-year results and issued a correction to previous years’ accounts.

The numbers: Dubber acknowledged that $26.6 million of company money is still missing with the business alleging former CEO Steve McGovern and third party trustee Christopher William Legal may have been involved.

The investigation prompted a review of previous financial accounts, leading the company to conclude that there had been a “cumulative understatement of operating losses of $4,607,142” over 2022 and previous financial years .

A further $3.4 million was said to be understated in Dubber’s 2023 accounts.

It places Dubber in a…

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The  Chennai bench of the National Company Law Appellate Tribunal (NCLAT), have directed the National Company Law Tribunal (NCLT) to decide the application filed by Board of Control for Cricket in India (BCCI) to withdraw the corporate insolvency resolution process (CIRP) against Byju’s within a week’s time

The Tribunal resolved the appeal of former Byju promoter Riju Raveendran, who contested the reinstatement of Aditya Birla Finance and Glas Trust in Byju’s Committee of Creditors (CoC). The NCLT’s ruling dated 29.01.2025, which ordered disciplinary action against Pankaj Srivastava,…

A police officer stole more than $200,000 cash seized as evidence to fund a gambling habit and credit card debt.

Tracey Lee Butler, 58, got away with stealing from her western Sydney police station for nearly five years with her colleagues failing to carry out regular audits.

But Butler, who was formerly a senior constable who managed evidence at the Mount Druitt Police Station, will now spend at least the next 18 months behind bars.

Her downfall began in 2021 when police could not track down $18,000 due to be returned to an accused person who was entitled to his cash back, with official records showing no record of the money.

A wider search found a number cash exhibits were not accounted for.

Butler pleaded guilty…

Real estate company Mahindra Lifespace Developers plans to raise up to Rs 1,500 crore through issue of shares to eligible shareholders for reducing its debt as well as funding further growth. The board of Mahindra Lifespaces Developers Ltd has approved the fund raise of up to Rs 1,500 crore through rights issue to the eligible shareholders of the company.

The proceeds will be utilised to pare down the company’s existing debt and support its future growth plans, according to a regulatory filing on February 13.

Mahindra Lifespace is the real estate and infrastructure development business of the Mahindra Group.

Recently, Mahindra Lifespace reported a consolidated net loss of Rs 22.47 crore for the quarter ended December 2024.

The company…

A police officer stole more than $200,000 cash seized as evidence to fund a gambling habit and credit card debt.

Tracey Lee Butler, 58, got away with stealing from her western Sydney police station for nearly five years with her colleagues failing to carry out regular audits.

But Butler, who was formerly a senior constable who managed evidence at the Mount Druitt Police Station, will now spend at least the next 18 months behind bars.

Her downfall began in 2021 when police could not track down $18,000 due to be returned to an accused person who was entitled to his cash back, with official records showing no record of the money.

A wider search found a number cash exhibits were not accounted for.

Butler pleaded guilty to an act…

Every thirty seconds, another American places their first sports bet online. It happens in bedrooms at 2 AM, in office bathrooms during lunch breaks, in stadium parking lots moments before kickoff. The numbers have become almost incomprehensible: Global online gambling revenue reached $100 billion in early 2024. During the past NFL season alone, Americans wagered over $10.9 billion – more than the GDP of 50 different nations. Each digit in these figures represents a thousand small tragedies, a million moments of desperation, countless families watching their futures disappear one bet at a time.

Manchester City manager Pep Guardiola believes 40-man squads could be the only way to cope with the demands of the football calendar but says it would drive clubs to bankruptcy.

City are one of many sides, including Tottenham and Arsenal, to have been dogged by injuries this season, with defender Manuel Akanji the latest player to be sidelined following news of a season-ending hamstring injury to Kai Havertz.

Akanji is facing up to 10 weeks out after rupturing his abductor during Tuesday’s Champions League defeat to Real Madrid. Guardiola feels the injuries affecting so many sides are a direct consequence of football’s ever-expanding schedule.

“I always expect injuries during the season. Not as much as we’ve…