Lawmakers are working on a bill to help Mainers dealing with crippling student loan debt. (WGME) AUGUSTA (WGME) Lawmakers are working on a bill to help Mainers dealing with crippling student loan debt. One of the sponsors says he’s confident the bill will get the support it needs because student loan debt is an issue…
July 20 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times GlaxoSmithKline Plc is selling its Horlicks business in Britain and has abandoned a planned 350 million pounds ($455.88 million) investment in Cumbria as…
(Reuters) Rubber products maker Ansell Ltd <ANN.AX> announced writedowns and restructuring on Thursday following the sale of its flagship condoms business two months ago. Ansell said it will spend US$70 million to $100 million (76.76 million pounds) over three years to reorganise its supply chain, merge its single-use and medical divisions into a healthcare unit…
HYDERABAD: Invoking Section 7 of the Insolvency and Bankruptcy Code (IBC), the National Company Law Tribunal (NCLT) bench at Hyderabad on Wednesday appointed an insolvency resolution professional (IRP) for resolving the debt crisis at Hyderabad-based Deccan Chronicle Holdings Ltd (DCHL) and declared a moratorium of 180 days. A bench of Rajeswara Rao Vittanala, member (judicial),…
Bhushan Steel and State Bank of India (SBI) on Wednesday contested each others estimation of the companys liability at a hearing in the National Company Law Tribunal (NCLT) here. The steel companys counsel said SBIs claims were about Rs 100 crore more than the actual dues. Countering the argument, SBIs counsel said the…
Roongchat described the outlay as a huge investment for the company as it looks ahead to its 40th anniversary next year. We invested Bt500 million last year and have continued to expand this investment budget with Bt1 billion for this year and the next, she said at a press conference yesterday. The funds…
By EDWIN OKOTHMore by this Author The government is set to let go of its shareholding in Uchumi Supermarkets once the troubled retailer stabilises under the ongoing bailout and restructuring plan. Trade Principal Secretary Chris Kiptoo yesterday said the shareholding exit will come after the government recoups taxpayers funds pumped into the company over the…
By Aparna Ravi When the Insolvency and Bankruptcy Code came into effect late last year, sceptics pointed out that the time-bound process contemplated by the code could easily be derailed if one of the affected parties were to file legal challenges in the high courts, which could drag on for months. Essar Steels recent petition…
Image used for representational purpose only. India’s salt-to-software Tata Group is considering a plan to streamline its technology and infrastructure businesses, Bloomberg reported on Wednesday, citing people with knowledge of the matter. The restructuring plan would involve moving several of its technology businesses under Tata Consultancy Services Ltd, the country’s top software services exporter, the…
July 19 (Reuters) – India’s salt-to-software Tata Group is considering a plan to streamline its technology and infrastructure businesses, Bloomberg reported on Wednesday, citing people with knowledge of the matter. The restructuring plan would involve moving several of its technology businesses under Tata Consultancy Services Ltd , the country’s top software services exporter, the report…