You can also listen to this podcast on iono.fm here.

This week, the news broke that Sun International and the shareholders of Peermont have mutually agreed to terminate the R7.2 billion deal that would’ve seen Sun International acquire Peermont’s business that has eight casinos in South Africa.

Read: Sun International pulls plug on Peermont deal

The casino they really wanted was of course Emperors Palace, with the rest of the portfolio being rats and mice.

The Competition Commission took 172 business days to reach their recommendation in late 2024 that the deal should be prohibited by the Competition Tribunal.

Then the Competition Tribunal itself took so long…

Long considered a highlight of Calgary’s tech scene, local robotics company ATTAbotics is now restructuring as it deals with insolvency.

That restructuring includes terminating 192 of its 203 employees, keeping only 11 as it navigates the road ahead, according to documents published by insolvency trustee firm Richter Inc.

Founded in 2016 by Scott Gravelle, ATTAbotics had carved a name out for itself not only in Calgary but internationally, working with the likes of Microsoft, Accenture and the United States Department of Defense.

Neither Gravelle nor ATTAbotics responded to requests for comment ahead of publication. Several terminated employees declined interview requests.

The company’s financial troubles came as “sad news” to…

Americans are carrying more credit card debt than ever, and with average credit card interest rates now topping 21%, even relatively small balances can quickly become a big drain on your finances. Part of the issue is that even when you’re diligent about making at least the minimum payments, today’s high rates mean that most of most of that payment goes toward the interest charges instead of the…

The recent Supreme Court order on the Bhushan Power and Steel (BPSL) has made it legally tenable for the Enforcement Directorate (ED) to re-attach the company’s assets and continue its probe, legal experts told FE. 

However, it is for the agency to decide whether to exercise the option at this stage, given that a review petition has been filed against the apex court order, they added.

The ED could not be contacted for comments.  

The SC in early May ordered BPSL’s liquidation, as the apex court found serious violations in the JSW Steel’s resolution plan for the company, approved by the National Company Law Tribunal (NCLT).

Experts said that the Insolvency and Bankruptcy Code (IBC) provisions provide for the continuance…

In a bid to make resolution plans more transparent, the Insolvency and Bankruptcy Board of India (IBBI) has amended its regulations, whereby avoidance transactions must be disclosed upfront in the Information Memorandum prepared by the corporate debtor’s resolution professional.

Avoidance transactions include undervaluation, fraud, overvaluation, preferential diversion or a combination of some of these.

Now, all avoidance transactions have necessarily to be included in the Information Memorandum, as per the IBBI (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025.

This is now a mandatory part of the resolution plan and cannot be assigned without disclosures. What this means is that avoidance…

A financial advisor recently watched one of his clients lose Rs 18 lakh in just six months. Not to stocks, not to crypto, but to online betting.

Abhishek Kumar, a Sebi-registered analyst and founder of SahajMoney, shared the story in a LinkedIn post. “One of my clients lost Rs 18 lakhs in 6 months,” he wrote. “Not to stocks. Not to cryptos. To online betting.”

The client kept the losses hidden from his wife until the situation had already spiralled. “He had taken a personal loan, and was borrowing from friends,” Kumar added.

The rise of online betting apps, often disguised as harmless fantasy sports or casino-style games, has created a fast-growing but poorly understood problem in India’s digital economy. Flashy…