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Kanye West insists on billionaire status despite reports of hefty tax penalties

Earlier this week, an emerging report claimed that Kanye West is drowning under tax penalties attached to US properties he has abandoned since his Tokyo move.

Kanye West affirmed that he's claimed the billionaire net worth despite emerging reports that say he drowning under mounting tax penalties.
Published on Jan 25, 2025 08:48 PM IST

Big Lots reaches deal to keep hundreds of its stores open amid bankruptcy

Friday's transaction with the Boston-based asset liquidation firm would result in the transfer of 200 to 400 Big Lots stores to Variety Wholesalers, Inc.

FILE - A shopper leaves the Big Lots store on Dec. 4, 2012 in Berlin, Vt. (AP Photo/Toby Talbot, File)(AP)
Updated on Dec 31, 2024 09:46 PM IST
ByArya Vaishnavi

Singapore declares former tycoon bankrupt after oil empire collapses

Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire.

After his oil trading empire collapsed, former tycoon Lim Oon Kuin was declared bankrupt in Singapore. (Bloomberg)
Published on Dec 29, 2024 02:01 PM IST
Bloomberg |

Is Big Lots closing? Company announces 'going out of business' sales

Despite failing to complete “its asset purchase agreement with Nexus Capital Management,” the company intends to “complete a sale by early January.”

FILE - A shopper leaves the Big Lots store on Dec. 4, 2012 in Berlin, Vt. (AP Photo/Toby Talbot, File)(AP)
Published on Dec 21, 2024 01:49 AM IST
ByArya Vaishnavi

US budget carrier Spirit Airlines files for bankruptcy amid financial woes

US low-cost carrier Spirit Airlines grappling with financial woes on Monday announced it had filed for bankruptcy.

US low-cost carrier Spirit Airlines grappling with financial woes announced on November 18, 2024, it had filed for bankruptcy as part of a restructuring agreement with its creditors. (Photo by Charly TRIBALLEAU / AFP)(AFP)
Published on Nov 18, 2024 07:03 PM IST
AFP | | Posted by Shweta Kukreti

Mumbai transport: BEST-Hansa Group impasse continues, commuters suffer

The deadlock between BEST and Hansa Group persists, with Hansa demanding ₹90 crore and threatening to withdraw 280 buses by Diwali amid operational issues

The deadlock between the BEST undertaking and its wet-lease operator, Hansa Group of Companies, continues. (HT Photo)
Updated on Oct 17, 2024 09:22 AM IST

Tupperware's bankruptcy leaves X stirring with witty and hilarious reactions

Soon after Tupperware announced bankruptcy, numerous people on the internet took to X and poured in their thoughts.

Founded in 1946 by Earl Tupper, Tupperware revolutionized food storage with its airtight seal, becoming a staple in American households through independent sales parties.
Published on Sep 19, 2024 12:07 PM IST

Byju’s US bankruptcy ruling catches Indian official off guard

The development was “surprising” and “in conflict” with insolvency proceedings in India, wrote Pankaj Srivastava, the Interim Resolution Professional of Byju’s

Byju's crisis: BYJU'S owner Byju Raveendran photo is seen on his company web page in this illustration. (Reuters)
Published on Sep 14, 2024 09:53 AM IST
Bloomberg |

Fisker files for bankruptcy, second Henrik Fisker car company to do so

Fisker Group Inc filed for Chapter 11 bankruptcy in Delaware and listed estimated assets of $500 million to $1 billion.

The Fisker logo is shown on the back of a Fisker Ocean electric SUV vehicle at one of the company’s sales, service ands delivery centers in Vista, California, US.(Reuters)
Updated on Jun 18, 2024 01:10 PM IST

Neon Genesis Evangelion producer Gainax shuts down due to bankruptcy

Anime studio Gainax, known for FLCL, Gurren Lagann, and Neon Genesis Evangelion, shuts down after declaring bankruptcy due to decades of financial woes.

Studio Khara acquires the Gainax trademark(Gainax/Studio Khara)
Published on Jun 08, 2024 08:08 AM IST

Byju’s US creditors petition to put subsidiaries into bankruptcy proceedings

US subsidiaries of Byju’s may enter bankruptcy due to not repaying a 1.2 billion USD loan.

Byju's was once valued at 22 billion USD(Shutterstock)
Published on Jun 05, 2024 06:19 PM IST

Go First crisis: After aircraft de-registration, EaseMyTrip founder withdraws bid

Go First, which filed for bankruptcy in May last year, had received two financial bids as part of its bankruptcy process

 (Representative Photo)
Published on May 25, 2024 05:47 PM IST

Cong’s Maoist manifesto will make India bankrupt: Modi

Speaking at a rally in Shivaji Park ahead of the fifth phase of polling on Monday, including in the Mumbai Metropolitan Region (MMR), he claimed that during his 10 year stint as the prime minister, he ensured that Mumbai got its dues in terms of safety and security of citizens, development, investment, and opportunities for youth, which had all been stalled by the Maharashtra Vikas Aghadi (MVA)

Mumbai, India. May 17, 2024: Prime Minister Narendra Modi, Maharashtra Chief Minister Eknath Shinde, Deputy Chief Ministers Devendra Fadnavi, Ajit Pawar and MNS Chief Raj Thackeray during the election rally at Shivaji Park in Mumbai on May 176, 2024. (Photo by Raju Shinde/HT Photo)
Updated on May 18, 2024 07:20 AM IST

Red Lobster closes multiple restaurants, check out full list of locations

Red Lobster has “temporarily closed” 87 locations across 27 states, check out complete list

ROHNERT PARK, CALIFORNIA - APRIL 17: A sign is posted on the exterior of a Red Lobster restaurant on April 17, 2024 in Rohnert Park, California. Red Lobster is considering filing for Chapter 11 bankruptcy to address rising labor costs and in hopes of renegotiating property leases and long-term contracts. Justin Sullivan/Getty Images/AFP (Photo by JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)(Getty Images via AFP)
Published on May 14, 2024 10:30 PM IST
ByArya Vaishnavi

Noida struggles to recover 8,300 crore dues from commercial project developers

As per the authority’s data, the biggest defaulter is a mega commercial project located in Sector 94. This project has a dues of over ₹2,100 crore

A mixed land use project in Sector 94 that has remained stuck for a long time. (HT Archive)
Updated on May 04, 2024 05:24 AM IST
By, Noida

‘India aiming to be superpower and we are…': Pakistan leader in Parliament

Maulana Fazlur Rehman attributed Pakistan's predicament to unseen forces who are operating from behind the scenes.

Pakistani Opposition Leader Maulana Fazlur Rehman (X/ @naofpakistan)
Published on Apr 30, 2024 11:08 AM IST

Summer travel: The routes with fewer—and more—flights

GoFirst impact: The Indian aviation market has changed significantly with airlines adding or reducing capacity on several routes.

GoFirst in May last year suddenly filed for voluntary bankruptcy.(Twitter/GoFirstairways)
Published on Apr 09, 2024 10:22 AM IST

The Body Shop shuts down all US operations, closes multiple stores in Canada

The Body Shop further revealed in the statement that it is currently undergoing “restricting procedures” in Canada and will shut down 33 of its stores

The Body Shop is shutting down its entire US operations and closing multiple stores in Canada(REUTERS)
Published on Mar 11, 2024 10:53 PM IST
ByArya Vaishnavi

Amazon aggregator Thrasio's arduous road to filing Chapter 11 bankruptcy

Leading e-commerce aggregator for Amazon, Thrasio, has filed for bankruptcy. The third party seller has been in deep water since it laid off employees in 2022.

Top Amazon aggregator, Thrasio declares bankruptcy.(YouTube . Thrasio)
Published on Feb 29, 2024 09:45 PM IST

Go First gets two financial bids as part of its bankruptcy process

The plan included additional funds for restarting the airline's operations, as stated by a banker that has exposure to Go First.

Go First airlines (HT File)
Published on Feb 24, 2024 01:11 PM IST

Chhattisgarh has set target to double state GDP in 5 years: FM Choudhary

Chhattisgarh has set target to double state GDP in 5 years: FM Choudhary

HT Image
Published on Feb 10, 2024 11:28 AM IST
PTI |

Ebix files for Chapter 11 bankruptcy protection in Northern Texas: Report

Ebix files for Chapter 11 bankruptcy protection in Northern Texas, according to a court filing

Ebix Inc filed for Chapter 11 bankruptcy protection in Northern Texas.
Updated on Dec 18, 2023 03:28 PM IST

Why billionaire Naveen Jindal lost interest in buying out bankrupt Go Air

Naveen Jindal, the only billionaire interested in buying out the troubled Go Air airlines, has reportedly backed out of bidding for the same.

Go first airlines (Representative Photo)
Published on Dec 15, 2023 08:14 PM IST
ByVaishnawi Sinha

Go First CEO Kaushik Khona resigns amid airline's uncertain future

Go First CEO, Kaushik Khona, has resigned from the grounded airline after seven months since it filed for bankruptcy.

Go first airlines (Representative Photo)
Published on Nov 30, 2023 08:32 PM IST

WeWork founder living in lavish new Miami home despite bankruptcy plea: Report

Following his inability to lead the company through a successful initial public offering in 2019, Neumann, the American-Israeli entrepreneur, faced expulsion.

Founder of WeWork Adam Neumann(Reuters)
Published on Nov 14, 2023 05:01 PM IST

WeWork's lease termination increase mortgage bond exposure to $2.5 billion

WeWork's plan to terminate leases on at least 69 properties will increase the total mortgage bonds affected by the company's closures to $2.5 billion.

A WeWork logo is seen outside its offices in San Francisco, California, U.S.(REUTERS)
Updated on Nov 09, 2023 02:32 PM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

WeWork, once most valuable US startup, files for bankruptcy

SoftBank's WeWork, once most valuable U.S. startup, has succumbed to bankruptcy with liabilities ranging from $10 billion to $50 billion

FILE PHOTO: A WeWork logo is seen outside its offices in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch/File Photo/File Photo(REUTERS)
Published on Nov 07, 2023 08:55 AM IST
Reuters |

Once worth $47 billion, WeWork shares near zero after bankruptcy warning

"WeWork was perhaps the most overhyped startup of recent years," said Steve Clayton, head of equity funds at Hargreaves Lansdown.

Shares of the company closed 38.5% lower at 12 cents on Wednesday.(Bloomberg)
Updated on Aug 11, 2023 01:53 PM IST
Reuters |

Opposition has made up its mind to stay in opposition, says Hardeep Puri

Hardeep Singh Puri said the value of Parliament lies in the opposition’s “ability to put us on the mat”, but these parties had created hurdles for themselves by laying preconditions

Union minister Hardeep Puri arrives at the Parliament House during Monsoon session in New Delhi (PTI File)
Updated on Aug 04, 2023 04:36 PM IST

Sare Homes flat buyers stage protest against developer in Gurugram

Flat buyers in the Sare Homes project in Gurugram staged a protest against the developer for failing to communicate about an ongoing legal process. The buyers, who have paid almost 95% of the cost of their property, allege that they have been denied their homes due to lack of communication, resulting in their inability to file their claims. A consortium recently acquired the developer under the Insolvency and Bankruptcy Code and agreed to complete the construction, but only accepted claims from 1,200 buyers out of a total of 1,699.

Sare Homes flat buyers stage protest against developer in Gurugram
Updated on Jul 03, 2023 12:13 AM IST
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