Jim Pickard and Gavin Jackson in Kew, west London December 29, 2017 Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature or Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont t… Read the full article…
By: ENS Economic Bureau | New Delhi | Published: December 29, 2017 5:27 am The Bill allows asset reconstruction companies, banks and alternative investment funds registered with the Securities and Exchange Board of India. (Express photo by Ravi Kanojia) Related News Defaulting promoters who had submitted resolution plans for insolvent companies before an Ordinance in…
The International Airlines Group, which operates British Airways and Iberia, is to buy Austria’s insolvent low-cost holiday carrier Niki, dpa has learned. With its network of European and North African vacation destinations, Niki declared itself insolvent this month after German carrier Lufthansa withdrew its takeover offer for the airline. Lufthansa said it abandoned its…
New York Gov. Andrew Cuomo said on Thursday that he is considering challenging the constitutionality of the GOP tax law in court. Hes also taking action to help New Yorkers circumvent a new cap on state and local tax deductions. But time is running out. The tax law will take effect on Monday. New York…
Long Blockchain Corp. LTEA, +10.32% formerly known as Long Island Ice Tea Corp., said it entered into a $2 million convertible debt facility, with an additional $2 million option, to help fund…
The government on Thursday introduced a bill in the Lok Sabha to bar those with non-performing accounts from bidding to acquire insolvent companies or their assets. The Insolvency and Bankruptcy Code (Amendment) Bill, 2017 will replace an ordinance promulgated last month, which barred those with RBI recognised non-performing loan of at least a year from…
MUMBAI — Indian billionaire Mukesh Ambani has emerged as the savior preventing bankruptcy for his younger brother Anil Ambani’s Reliance Communications. Yet his Reliance Jio Infocomm, which has aggressively offered cut-price data and free services, has largely been blamed for the financial woes of RCom and other players. Reliance Jio Infocomm announced Thursday that it will buy…
“This has been a difficult year of transition for ForeverGreen. It was my main objective in 2017, as the company’s new CEO, to complete the restructuring of the company, both domestically and internationally and it has taken even longer than I originally thought it would. I believe that while we have reduced in many areas,…
The insolvency ordinance is now one step away from becoming a law— the government has tabled the bill in the Lok Sabha with some minor changes. CNBC-TV18’s Latha Venkatesh spoke to the head of SBI Rajnish Kumar, the MD of JSW Steel Seshagiri Rao and Rashesh Shah of Edelweiss to find out how they read…
, ET Bureau| Dec 28, 2017, 07.30 PM IST The Kolkata-based company is saddled with a debt burden of Rs 10,274 crore, an amount it owes to a consortium of banks led by SBI. The National Company Law Tribunal (NCLT) has extended time period for Corporate Insolvency Resolution Process for Electrosteel Steels Limited (ESL)by a…