A controversial $1.3 billion acquisition of a luxury vineyard at the top of a mountain between Los Angeles and the Napa Valley in California is threatening to upend Australian winemaking giant Treasury Wine Estates, The Nightly reported. Shares in the ASX-listed winemaker behind the iconic Penfolds Grange, Wolf Blass, Lindeman’s and Wynns brands have sunk 63 per cent over the past year, as hedge funds lift bets its $1.9 billion debt pile spells more trouble ahead.

India’s Parliament passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with the Rajya Sabha approving it Wednesday with a voice vote, News On Air reported. Minister of State for Corporate Affairs Harsh Malhotra moved the Bill, which aims to further amend the Insolvency and Bankruptcy Code 2016. The Bill also seeks to address procedural delays and interpretational issues among companies and individuals.

Amendments to the Insolvency and Bankruptcy Code (IBC) expand the scrutiny over pre-bankruptcy transactions of distressed companies to cover a longer period, finance and corporate affairs minister Nirmala Sitharaman said on Wednesday in Rajya Sabha, livemint.com reported. The upper house of parliament returned the amendment bill that was cleared by Lok Sabha on Monday.

For more than a decade, Japanese home builders have been tiptoeing into the U.S. housing market with small, discreet acquisitions of private American construction companies, the Wall Street Journal reported. Their quiet era is over. Japanese builders have announced or closed acquisitions of 23 U.S. single-family home builders since 2020, more than double the number from 2013 to 2019. That doesn’t include the multifamily developers and construction-supply companies they have also bought. By some estimates, Japanese builders are now set to own about 6% of the U.S. home-construction market.

Global shipping has a new problem: Not only has Iran’s blockade of the Strait of Hormuz trapped thousands of ships in and around the Persian Gulf, it also has choked off the supply of oil they use to sail around the planet, the Wall Street Journal reported. Singapore, the world’s biggest ship-refueling hub, is running low on bunker fuel as imports from Kuwait have dried up, according to data from oil platform Vortexa. In the week of March 2, the first week of the war in Iran, 140,000 barrels a day of ship fuel arrived in Singapore, with 98% coming from Kuwait.

The workforce impact of Takeda’s recently announced reorganization has become clearer: The Japan-based pharma estimates the restructuring will affect around 634 U.S. employees, according to a Worker Adjustment and Retraining Notification (WARN) Act notice, BioSpace reported. Takeda began notifying employees on March 25, the same day it announced a business transformation, which includes streamlining corporate functions. However, the company noted in the WARN notice that the total number affected could change as staff pursue and accept redeployment opportunities across its global network.

Vedanta Chairman Anil Agarwal has moved the Supreme Court challenging the approval of Adani Enterprises’ resolution plan for Jaiprakash Associates and following the National Company Law Appellate Tribunal’s refusal to stay its implementation, IndiaWest reported. The plea, filed on March 25, came after the appellate tribunal declined to halt the ₹14,543 crore plan. The dispute involves assets valued at nearly $4 billion, including power and cement units, residential projects, and the Buddh International Circuit near New Delhi.