PUNTING PARADIGM: Gamblers in Tamworth put more than $879,000 a day through poker machines in the last year. TAMWORTH punters gambled away more than $879,000 a day in the pokies, new figures have revealed. The allure of poker machines in the New England North West has been laid bare, with the region gambling more than $903…
NEW DELHI: RBI today withdrew a portion of its earlier statement in which it had said that 12 cases identified by it for insolvency proceedings would be accorded priority by the National Company Law Tribunal (NCLT) “stands deleted”. On June 13, RBI had said it has identified 12 accounts for insolvency proceedings with each of…
Maurice Sessum, co-owner of 4 Star Resolution, a Buffalo-based debt collection company, will be spending 7 1/2 years in prison for fraud. Sessum, also the company’s chief financial, was sentenced Friday for orchestrating a scheme to coerce thousands of victims to overpay their debts by more than $31 million, according to officials. The U.S. Attorney’s…
But it has still imposed strict new checks on customers financial status and the tougher criteria, which take longer for stores to apply, have caused a steep drop in sales and profits. In the year to the end of March, its sales tumbled 13.7pc to £320m as an increasing number of potential customers were disqualified…
The banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore. New Delhi: RBI today withdrew a portion of its earlier statement in which it had said that 12 cases identified by it for insolvency proceedings would be accorded priority by the National Company Law Tribunal (NCLT) “stands deleted”. On June…
New Delhi, Jul 8 () RBI today withdrew a portion of its earlier statement in which it had said that 12 cases identified by it for insolvency proceedings would be accorded priority by the National Company Law Tribunal (NCLT) “stands deleted”. On June 13, RBI had said it has identified 12 accounts for insolvency proceedings…
Reuters | Jul 8, 2017, 05.10 PM IST * Restructuring of German engineering services group Bilfinger is “in an early phase,” its finance chief Klaus Patzak told Boersen-Zeitung in an interview published Saturday. * Patzak said the share price had reached a floor. “I assume that the share price will gradually rise,” he said. *…
As charities, consumer groups and the Bank of England worry about the threat of a growing bubble of unmanageable consumer debt, the tills at high street shops have been pinpointed as one source of the growing problem. It is here where store cards are sold to consumers, with their sky-high interest rates which can typically…
AHMEDABAD: The Gujarat High Court today prevented the National Company Law Tribunal from conducting any further proceeding against Essar Steel till July 12 under the Insolvency and Bankruptcy Code. A bench of Justice S G Shah stopped the NCLT from proceeding further against the Essar Steel on the firm’s contention that the RBI‘s direction to…