Liquidate

Zomato has initiated the liquidation process for its Vietnam business, Zomato Vietnam Company Limited (ZVCL), the food delivery platform said in a regulatory filing on the BSE on Thursday.As per the filing, Zomato stated that “ZVCL is not a material subsidiary of the company, and the dissolution of ZVCL will not affect the turnover/revenue of the company”. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB…

The gargantuan artificial construct enveloping your local star is going to be rather difficult to miss, even from a few light years away. And given the literally astronomical costs of resources needed to construct such a device — the still-theoretical-for-humans Dyson Sphere — having one in your solar system will also serve as a stark warning of your technological capacity to ETs that comes sniffing around.  Or at least that's how 20th century astronomers like Nikolai Kardashev and Carl Sagan envisioned our potential…

Nordstrom said its Canadian store wind down is expected to be completed by June. Photo: SeongJoon Cho/Bloomberg News…

Zilingo Pte is set to enter liquidation, capping a months-long crisis that shocked Asia’s technology and startup industries.The Singapore-based fashion-tech company’s board appointed EY Corporate Services Pte as provisional liquidator, people familiar with the matter said, asking not to be named as the matter is private. The board informed major shareholders and creditors of its decision, they said. The board declined to comment for this story.The liquidation process spells an end to a startup whose implosion and…

Olympia Sports Acquisitions LLC, a sporting goods retailer with 35 East Coast stores, has filed for bankruptcy and plans to close all of its remaining locations by the end of the month. The Auburn, Maine-based business filed for chapter 11 protection on Sunday in the U.S. Bankruptcy Court in Wilmington, Del., with $28.7 million in unsecured debt owed to 570 creditors. The... Olympia Sports Acquisitions LLC, a sporting goods retailer with 35 East Coast stores, has filed for bankruptcy and plans to…

Photo: Jack Taylor (Getty Images)Three Arrows Capital, one of the crypto industry’s biggest sinking ships, is finally being put out of its misery.On Tuesday, the distressed crypto hedge fund was ordered into liquidation by a Virgin Island court in response to mounting lawsuits from creditors demanding repayment of the loans they made to 3AC. The order may mark the end of 3AC’s business and will reportedly result in its assets being distributed in an effort to pay back the $666 million it owes to other crypto firms and…