New Delhi: In a significant step, Bank of Baroda, one of India’s leading public sector banks, has declared the loan accounts of Reliance Communications Ltd. (RCom) and its erstwhile Director, Anil Ambani, as ‘fraud’, according to an exchange filing.

This classification pertains to loans taken before RCom entered the corporate insolvency resolution process (CIRP), the exchange filing told on Thursday.

This development marks a crucial turn in the ongoing financial saga surrounding the once-prominent telecom company and its erstwhile director. RCom, currently undergoing the CIRP under the Insolvency and Bankruptcy Code (IBC), 2016, has said that the loans in question relate to the period before its insolvency proceedings began. The…

Dana White, the CEO of UFC, is facing a huge gambling debt in Las Vegas. According to a report by Casino.org in September 2025, White owes more than $25 million to Red Rock Casino in Summerlin, Nevada. The report also said the debt could be even bigger, close to $50 million. The money comes from credit given to White to play high-limit baccarat and blackjack. Even though this is a massive sum, White is worth about $500 million and is also close friends with Frank Fertitta III, the Red Rock Casino chairman and former UFC owner.

An unnamed source told…

Vedanta Group has emerged victorious in the race to acquire Jaiprakash Associates Ltd (JAL), placing a Rs. 17,000 crore bid and edging out rival Adani Group, according to a PTI report. The bid amount translates into JAL’s net present value of Rs. 12,505 crore.

The bidding process for JAL saw multiple companies in the fray, including Dalmia Bharat, Jindal Power, and PNC Infratech. However, Vedanta and Adani Group were the only two contenders to place firm offers for the debt-ridden conglomerate.

JAL, with diverse interests spanning real estate, cement, power, hospitality, and infrastructure, was admitted to the corporate insolvency resolution process (CIRP) through an order of the National Company Law…

Slain insolvency attorney Bouwer van Niekerk fielded death threats as he and his team worked doggedly in the business rescue of NTC Global Trade Fund (NTC), suspected of being party to Ponzi scheme activities.

NTC’s sole director Edwin Letopa has played hardball with the business rescue practitioners, denying them management control of the firm in a conduct the South Gauteng High Court just last month described as an aberration…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2….

Australian travellers have lost more than $1 million on prepaid holidays after online travel agency Traveldream collapsed earlier this year. Now, they have been told not to expect to see their money back.

Melbourne-based travel company Traveldream collapsed into administration in April, leaving customers out of pocket by thousands of dollars and some stranded overseas. The company, which was registered as Australian Travel Deals Pty Ltd, sold discounted flights, cruises and international tour packages.

A new administrator’s report has revealed the company paid another Melbourne-based company, My Travel Experience, about $1.22…

MONTREAL — A Quebec Superior Court judge has declared insolvent the North American branch of battery maker Northvolt as the provincial government looks to recover $260 million owed to it by the company.

Justice Janet Michelin on Friday placed Northvolt Batteries North America under creditor protection at the request of the Quebec government.

Northvolt laid off its entire workforce on Thursday following Economy Minister Christine Fréchette’s announcement earlier in the week that the government would provide no more funding for the company’s planned electric-vehicle battery plant near Montreal. On Friday, Fréchette’s office confirmed that the province has already recuperated nearly $200 million from frozen bank accounts…