5 ways IBC transformed India’s corporate rescue system over the past decade

AI generated representative image Ten years ago, India’s insolvency landscape was defined by stalled projects, endless litigation, weak recoveries and mounting bad loans. Companies remained trapped in legal limbo for years, banks struggled to recover dues, and distressed assets steadily lost value as cases moved through multiple forums.The Insolvency and Bankruptcy Code (IBC), enacted in…

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Uae News: UAE residents to get six-day public holiday in 2026 for Arafah Day and Eid Al Adha: How to extend it further | World News

Every year in May, UAE residents look forward to one of the most appealing and relaxing long-weekend opportunities in the country. While Arafah Day and Eid Al Adah arrive as vital religious days for worship they also bring along a long public holiday for the Emiratis. Arafah Day, falls on the 9th of Dhul Hijjah…

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Strait of Hormuz disruptions hit! India’s LPG imports halve from February levels, domestic output also hit

The United States has emerged as India’s largest LPG supplier so far this month. (AI image) In wake of the Middle East conflict, India’s Liquified Petroleum Gas (LPG) imports have dropped sharply this month, falling to nearly half of February levels and extending the decline seen in March, according to shipping data. At the same…

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How a murder in England by a Brit-Sikh triggered a MAGA meltdown over ‘decline of western civilisation’

The TOI correspondent from Washington: In another era, the murder of an 18-year-old student in Southampton, England, would have remained a domestic British tragedy, investigated by police, debated in Parliament and mourned by family and friends. In 2026, however, no political controversy remains local for long. Especially not if Elon Musk notices it. And certainly…

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OpenAI almost makes it clear to employees that partnership with Amazon is ‘future’ and Microsoft ‘past’; tells in memo: It has also limited our ability to…

OpenAI chief revenue officer Denise Dresser sent a four-page internal memo to staff on Sunday, signalling a clear shift in the company’s cloud allegiances—Amazon is now the enterprise growth engine, while Microsoft has “limited” its reach. The memo touts “staggering” inbound demand since the $50 billion Amazon partnership was announced in February. Meanwhile, Microsoft insists…

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Oil price today: Crude touches $113 per barrel after UAE oil storage facility hit

Rising tensions in the Middle East pushed oil prices sharply higher on Tuesday after Iranian-linked attacks and military clashes fueled fears over disruption in the crucial Strait of Hormuz shipping route.Brent crude, the international benchmark, closed at $114.44 a barrel, marking a rise of around 6% on the day, while US benchmark West Texas Intermediate…

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