Meredith Corp., the publisher of Better Homes and Gardens, Shape and many other magazines targeted largely at women, is buying Time Inc., the publisher of Time, Sports Illustrated and Fortune, in a $2.8 billion all-cash deal, both companies said Sunday. Meredith, based in Des Moines, Iowa, said the deal was being backed by conservative billionaire…
DETROIT The holiday season is always a pressure cooker for retailers, but this year promises to be more stressful than usual. With foot traffic dwindling and more consumers shopping online, brick-and-mortar chains are having to fight harder for customers. Many U.S. retailers also are laboring under a mountain of debt, turning the season into a…
Lenders should not be compelled to reject resolution plans from promoters. Photo: Reuters The Insolvency and Bankruptcy Code is one of the biggest reforms of recent times and is expected to be the solution to the countrys highly stressed banking system. In fact, this view is also acknowledged by the World Bank in its Doing…
Bankrupt wedding venue to go under the hammer in December GREEN VIEW: The Tangled Maze will go on sale at auction on December 15, after it went into liquidation in September, forcing booked weddings to be cancelled. POLISHED: Inside the Tangled Maze, which can host up to 200 guests for events and weddings, with smaller…
November 27, 2017 01:02 IST Updated: November 26, 2017 23:02 IST “; var writeOnDocument = true; var skipOnDeviceValue = “[medium, small]”; var noSkipOnDevice = skipOnDeviceValue.length > 0; if(noSkipOnDevice) { if (skipOnDeviceValue.indexOf(“large”) > -1 && (isDesktop || isLargeDesktop)) { writeOnDocument = false; } if (skipOnDeviceValue.indexOf(“medium”) > -1 && isTablet) { writeOnDocument = false; } if (skipOnDeviceValue.indexOf(“small”)…
MUMBAI: Mahindra Defence and Shapoorji Pallonji Group may independently bid for the troubled Bharati Defence and Infrastructure (formerly Bharati Shipyard) in the first such bankruptcy resolution attempt under the Insolvency and Bankruptcy Code for the security industry. The two companies are currently evaluating the deal that values the target company at $350 million, said three…
Left to right, Chris Elliott, CEO of Warwick District Council, Aidan Knox, CEO of CASW, Phil Evans, Head of Communities at Warwickshire County Council and Yvonne Hunter, Chair of CASW Almost 5,000 people in Stratford District turned to Citizens Advice South Warwickshire for help over the past year, with benefits, universal credit and debt peoples…
Beware moral policing. Which is pretty much what the Ordinance on the amendment to the Insolvency and Bankruptcy Code (IBC) by GoI amounts to. It practically bars promoters of insolvent companies from bidding for these companies. The preamble to the Insolvency and Bankruptcy Code (IBC) states that its objectives are to maximise the value of…
Under the NSW Crimes Act it is a criminal offence, punishable by up to two years’ jail, if anyone passes on inside information that is then used to make a bet. The year-long investigation of the four matches also found that cocaine, gambling and prostitution was rife within the NRL. Detective Superintendent Cook said on…
Left to right, Chris Elliott, CEO of Warwick District Council, Aidan Knox, CEO of CASW, Phil Evans, Head of Communities at Warwickshire County Council and Yvonne Hunter, Chair of CASW Almost 5,000 people in Stratford District turned to Citizens Advice South Warwickshire for help over the past year, with benefits, universal credit and debt peoples…