The CEO of Builder.ai, a British artificial intelligence startup supported by Microsoft Corp. and the Qatar Investment Authority, announced that a major creditor had taken the majority of the company's funds, prompting the company to file for bankruptcy. Manpreet Ratia, the CEO of Builder.ai, stated in
After turning down a takeover offer from its departing CEO, the US genetic testing business 23andMe has declared bankruptcy and is searching for a buyer. Late on 23 March, 23andMe, a company that charges less than $200 for a mail-back saliva test that can identify ancestry or specific genetic features
AGS Transact Technologies (AGST.NS), an Indian payments services company, announced on March 1 that a creditor intends to file for bankruptcy against the business for failure to pay debts. According to an exchange filing by AGS Transact, Maxwel Aircon India Private Limited, one of the business' operational creditors,
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Kodak, as we know it today, was founded in the year 1888 by George Eastman as ‘The Eastman Kodak Company’. It was the most famous name in the world of photography and videography in the 20th century. Kodak brought about a revolution in the photography and videography industries. At the
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People usually think that they just need a paycheck to become rich. If they keep making money and spending it simultaneously, they'll be rich. But we very well know the secret to becoming rich is way beyond just paychecks. A better understanding of this can be taken from
Following a number of years spent attempting to revitalize the company in the face of declining demand, Tupperware Brand is reportedly making preparations to file for bankruptcy as soon as this week, according to media reports. After violating the conditions of its debt and enlisting legal and financial experts, the
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The recent bankruptcy of WeWork, the once $47 billion office-sharing startup, serves as a stark reminder of the dynamic nature of work and the imperative for businesses to adapt to evolving cultural norms. At its core, WeWork's concept of providing flexible office spaces resonated with the growing number
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Café Coffee Day (CCD) CEO Malavika Hegde has been both praised and slammed over the company’s slow growth of Rs 250 crore in FY21 and FY22. Some call her farsighted, determined, and resilient, while others criticize her approach as the CEO. Once India’s leading coffee chain, Cafe Coffee
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The US Dollar is the most commonly held currency in the world today holding over 60% of global foreign reserves. All the countries across the globe, including India, measure their currency values against USD in the global market. The fluctuating value of any currency against USD 1 is called the
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The Islamic Republic of Pakistan was formed in 1947 after the partition of the British Indian Empire. The country was, initially, a dominion of the British Commonwealth until 1956, when it drafted and framed its own constitution. Ranked among the emerging and growth-leading economies through its rapidly growing middle class,
📄Company Profiles
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by General Motors. General Motors, a multinational corporation based in the United States, was the leading automobile company for 77 years until it was surpassed by
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What is happening in Ukraine is heartbreaking and makes us realise how fragile our system and everything is. How easily we can be deprived of our daily routines and how we must be prepared for this from the start. Many people have lost their homes, their belongings, and their jobs.
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Economics has always been an important thing for a country. You may not like the subject in your school but it is something that is super real in nature. It is basically the allocation of resources to achieve the most optimum efficiency. As the number of people grows in a
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Businesses run on the three basics, Men, Money, and Machinery. If you are in a situation, facing loss. You will want to keep your head above the water. Devise a good strategy. Take some steps to look for what it is that has got your head into deep waters. What
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Crisis management is a method that can be used for two purposes: as a way to help the contractor deal with a crucial problem that could cause severe losses; and also as a form of prevention against any type of crisis, preparing the company to deal with this situation. In
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The average life of a global enterprise is usually just 2 years; most of them fail and cannot survive after this time, due to different factors. Among them, we can find financial lack of control, bad administration, and a little vision to take them into the future. In the next
![Why is Ford Motors closing down its Manufacturing Plants in India? [Case Study]](https://static.startuptalky.com/2021/09/Why-is-Ford-leaving-India-StartupTalky--1-.jpg)
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The Indian automotive industry was left with even fewer brands as Ford Motors departed from the Indian markets on Friday. The motor giant had announced its decision to shut down all local manufacturing facilities on Thursday. The unpleasant news meant worse for car dealers and the company's employees
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Making one's startup recession-proof is not a quick switching activity. It is a process. Ignoring it on regular days isn't the ideal way. During the downturn of the economy, it might be too late to control or even preserve the existence of the business. This '
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Cryptocurrencies have a separate fanbase that loves to mine, possess and trade in them. Ever since bitcoin, the open-source software, was released as the world’s first cryptocurrency, the era of this new form of digital currencies began. The craze of cryptocurrencies is nothing new and is the drive that
Bankruptcy
The coronavirus pandemic [https://startuptalky.com/tag/coronavirus/] has pushed many struggling companies into bankruptcy. Stay-at-home orders have forced many nonessential businesses to close as the demand has fallen massively. The number of bankruptcy filings has risen sharply with little revenue coming in. According to report from American Bankruptcy Institute,