financial crisis News

BluSmart's Strategic Shift Leaves Passengers Stranded: A Deep Dive into the Ride-Hailing Crisis

BluSmart, an EV ride-hailing company, is suspending services in key Indian cities, stranding passengers. The move is part of a strategic shift to Uber's platform amid financial and...

Byju's Co-Founder Vows Comeback Amid Financial Turmoil: 'Broke, Not Broken'

Byju's co-founder Byju Raveendran shares a message of hope amid the company's financial and legal challenges, including insolvency proceedings and allegations of financial mismanag...

Breaking: Dunzo's CEO Kabeer Biswas Steps Down as Company Faces Financial Crisis

Kabeer Biswas, Dunzo's founder and CEO, is resigning amidst the company's financial struggles, including delayed salary payments for over 18 months. This follows the departure of o...

South Korean Won Hits Record High Against USD Since 1997 Financial Crisis

The Korean won-U.S. dollar exchange rate has surged to nearly 1,500 won, the highest since the global financial crisis, with the fourth-quarter average reaching 1,398.75 won. This ...

Swiss Investigation: Years of Mismanagement Led to Credit Suisse's Collapse

Swiss Parliamentary Investigation Committee attributes Credit Suisse's collapse to 'years of mismanagement.' The report details the bank's worsening financial situation in 2022, wi...

Tmon and WeMakePrice on the Brink of Bankruptcy: Corporate Rehabilitation Considered

Tmon and WeMakePrice are grappling with a severe financial crisis, necessitating immediate payments for consumer refunds and seller settlement funds. The companies plan to prioriti...