New Delhi, Nov 13 () Metals and mining giant Vedanta Ltd today said it has submitted a preliminary expression of interest (EoI) for Jaypee Infratech currently undergoing the Insolvency Resolution Proceedings (IRP). The company has “submitted a preliminary non-binding Expression of Interest for submission of resolution plan of Jaypee Infratech Ltd under corporate insolvency process…
Opinion Jonathan Thornton 13 Nov 2017 02:58pm It is a common misconception that trading whilst insolvent is an offence and one that leads to personal liability on the part of the directo… Read the full article at: http://economia.icaew.com/en/opinion/november-2017/insolvency-litigators-turning-to-third-party-funding
General Electric set forth a new agenda as it tries to restructure its way back to stronger growth, with earnings estimates lower than Wall Street forecasts, a reduced dividend and an aggressive corporate restructuring. The Boston-based 125-year-old industrial conglomerate also said it was cutting the number of seats on its board. Investors had initially reacted…
KUALA LUMPUR: The number of Malaysians under 30 years old declared bankrupt from January to September 2017 due to credit card debts declined to nine individuals compared to 22 last year. Deputy Finance Minister, Datuk Othman Aziz (pix), said one of the major causes of bankruptcy among younger generation due to credit card debt was…
(Reuters) – General Electric Co (GE.N) said on Monday it would chop its quarterly dividend in half, as part of an overhaul of the company that new Chief Executive John Flannery is due to roll out later in the day. FILE PHOTO: The ticker and logo for General Electric Co. is displayed on a screen…
“The large amount of debt these households are carrying is a caution,” says Housser. “Owing that amount, with average interest rates on credit cards more than 16.7 percent, is unsustainable, especially when median household income is just $57,617.” Most people don’t realize they’re over their heads until it is too late, Housser says. Trouble signs…
reader comments 1 Share this story History of the Amiga The A-EON Amiga X5000: An alternate universe where the Amiga platform never died A history of the Amiga, part 10: The downfall of Commodore People still use the Amiga today, and new Viva Amiga documentary shows why A history of the Amiga, part 9: The…
(Reuters) – General Electric Co (GE.N) said on Monday it would halve its quarterly dividend, as part of an overhaul of the company that new Chief Executive John Flannery is due to roll out later in the day. FILE PHOTO: The ticker and logo for General Electric Co. is displayed on a screen at the…
UPDATE 9.45pm: LATE last year the former wife of Boutique nightclub owner Darren “Razzle” Thornburgh was left shaken after shotgun fire peppered her luxury Port Melbourne house in a drive-by shooting in the early hours of Friday morning. Police say Denise Thornburgh and her teenage daughter were asleep inside the upmarket, cream-coloured home on Beacon Vista,…
HONG KONG (Reuters) – Chinas growth will be driven by education, autos, healthcare and e-commerce over the next two years, as Beijings push to transform its economy into a consumption-driven one pays off, a fund manager said, adding equities were a top pick for 2018. Thomas Kwan, chief investment officer of Harvest Global Investments, poses…