Amid Go First bankruptcy, SpiceJet has put its strategy in motion to resurrect 25 of its out-of-service planes. The revival expenses will be financed through the Emergency Credit Line Guarantee Scheme (ECLGS) provided by the government and improved cash inflow.  The airline has already secured appro...

Go First airline counters at Delhi Airport turned deserted as the beleaguered airline on 2 May filed for bankruptcy at the National Company Law Tribunal (NCLT). Besides, Go First has also cancelled flight operations for the next three days ( May 3, 4, and 5) over mounting losses The Wadia Group-back...

Let’s start with the basics. Roughly 5% of the human race currently live in the United States of America. That very small fraction of humanity, until quite recently, enjoyed about a third of the world’s energy resources and manufactured products and about a quarter of its raw materials. This didn’t ...

First BuzzFeed, now Vice: one by one all the woke "media giants" of the new normal are going broke. Just two weeks after we reported that BuzzFeed News - which was instrumental in spreading fake news to get us suspended on twitter - was shuttering it not filing for bankruptcy just yet, today the NYT...

After a years long struggle, Bed Bath & Beyond filed for Chapter 11 bankruptcy relief on Sunday in the U.S. District Court in New Jersey and said its estimated assets and liabilities are between $1 billion to $10 billion "We have made the difficult decision to begin winding down our operations," the...

The banking crisis that started with the failure of Silicon Valley Bank (SVB) is putting major U.S. LNG projects at risk, as rising interest rates and supply chain issues introduce financial challenges that have already led to delays. According to Reuters, two of four new projects that were slated f...

SVB Financial Group  said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets, days after its former unit Silicon Valley Bank was taken over by U.S. regulators. The move to commence bankruptcy proceedings comes as emergency me...

Bed Bath & Beyond shareholders' day just went from worst to worsterer... After the stock closed down 30% today (following the company saying it was running low on funds and considering several options), The Wall Street Journal is reporting that, according to people familiar with the matter, BBBY is ...

As per the Swedish government itself, the Nordic country is entering an enduring recession which is expected to last until 2025, marked by a shrinking GDP and growing unemployment. The number of bankruptcies in Sweden has risen to its highest level in a decade during the second half of 2022, accord...

Bankrupt FTX announced today that it was able to locate around $1.5 billion in assets worldwide.  FTX went bankrupt a couple of months ago.  The company was involved with millions going to corrupt mostly Democrat politicians. We also quickly learned that FTX was involved in Ukraine and the Ukraine g...

(Reuters) – U.S. cryptocurrency brokerage Genesis said it was seeking to avoid bankruptcy after Bloomberg news reported on Tuesday that creditors to the firm are organizing with restructuring lawyers to prevent insolvency. Citing people with knowledge of the situation, the report said law firms Pros...

FTX founder Sam Bankman Fred and his team members have risen from relative obscurity in Washington to be among the… biggest donors In American politics, he has contributed more than $70 million to election campaigns in less than 18 months. Mr. Bankman Fried personally gave $40 million to politicians...