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Stellantis current US-made Jeep Grand Cherokee. GAC Fiat Chrysler Automobiles Company, the joint venture between the Netherlands-headquartered automaker Stellantis NV
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Guangzhou Automobile Group Co. Ltd. (2238.HK; 601238.SH) and Stellantis (STLA.US), the world’s fourth-largest automaker, on Tuesday said court overseeing the
Adani Power shares rose for the second straight session as two positive factors triggerred a rally today. Adani Power stock climbed over 3% in early deals to Rs 615 against the previous close of Rs 596.70. The multibagger stock from the Adani Group rose after the firm completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore.
VIPL is a 2×300 MW domestic coal-fired power plant in Butibori, Nagpur, Maharashtra. The company underwent Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). On June 18, 2025, the Mumbai Bench of the National Company Law Tribunal (NCLT) cleared Adani Power’s resolution plan….
GAC Fiat Chrysler Automobiles Company, the joint venture between the Netherlands-headquartered automaker Stellantis NV and Chinese state-owned Guangzhou Automobile Group, has been…
On 7-11-2024, the Insolvency and Bankruptcy Board of India (IBBI), the regulatory authority that oversees insolvency in India, released a discussion paper on issues related to real estate insolvency.1
The discussion paper, based on the findings and recommendations2 of a study group formed by the Indian Institute of Insolvency Professionals of ICAI (IIIPICAI), focused on enhancing the real estate resolution framework while aligning real estate insolvency with the Real Estate (Regulation and Development) Act, 2016 (RERA)3. IBBI has identified seven key issues in its Discussion Paper after consultation with resolution applicants (RA), insolvency professionals (IP) and other key stakeholders to enhance the efficiency and…
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The ₹582.56-crore IPO of Smartworks Coworking Spaces is set to open for subscription on July 10. The flexible workspace operator, which received regulatory approval from the Securities and Exchange Board of India (Sebi) in December 2024, has revised its fresh issue size from the earlier planned ₹550 crore to ₹445 crore, while the offer for sale (OFS) component now stands at ₹137.56 crore.
In an exclusive conversation with Fortune India, Smartworks co-founders Neetish Sarda and Harsh Binani shared insights into the company’s IPO journey, capital-raising objectives, and strategic roadmap for future growth.
“In just eight years, including two years of Covid, SmartWorks has grown to become India’s largest campus-based flexible…
Adani Power shares rose in July 8 trading session after completing the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore.
Shares of Adani Power surged nearly 3 percent to an intraday high of Rs 615 per share on the NSE. Later at around 9:45 a.m., the counter trimmed some of its gains to trade higher at Rs 604.9 apiece, up 1.3 percent. Shares of the company have been gaining for the last two days.
VIPL is a 2×300 MW domestic coal-fired power plant located in Butibori, Nagpur district of Maharashtra. The company was undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). On June 18, 2025, the Mumbai…
Guangzhou Automobile Group Co. Ltd. (2238.HK; 601238.SH) and Stellantis (STLA.US), the world’s fourth-largest automaker, on Tuesday said court overseeing the liquidation of their joint venture, GAC Fiat Chrysler Automobiles Co. Ltd. (GAC FCA), officially declared the venture bankrupt. The court-appointed bankruptcy administrator confirmed that the company was unable to repay its debts and lacked the assets or conditions for restructuring or settlement.
A recent update released via the administrator’s official WeChat account said GAC FCA, once known for localizing Jeep models and achieving strong sales in China, suffered a long-term production halt after failing to compete in the market.
BEIJING (Reuters) -GAC Fiat Chrysler Automobiles, a joint venture between Stellantis and China’s Guangzhou Automobile Group, said on Tuesday it has been declared bankrupt.
The joint venture posted images of a ruling issued by a court in China’s Hunan province declaring the bankruptcy, alongside its announcement, in a social media post.
(Reporting by Beijing Newsroom; Editing by Andrew Heavens)
This filmmaker directed only 8 films before he went bankrupt, he once invested Rs 17 crore in a film and lost everything, he is…
This filmmaker directed only 8 films in his career but each of his films leaves an impression on the viewer, whether it is a success or a flop.
9 July is the 100th birthday of the producer, director, and actor who is considered a Guru in Hindi cinema. Guru Dutt, the filmmaker of Hindi cinema, whose two films were selected…
