Shadow debt broadly refers to a type of wealth management products (WMPs) that are sold off the books to Chinas swelling middle-class as they look for risk-free savings options preferable to the gambling culture of the stock market while offering superior returns when compared to the savings rates offered by banks. Savers are usually offered…
In the event that the debt becomes significant, the bank or financial institution may bring Court proceedings against you to recover the debt. The bank normally brings two types of proceedings: 1) Debt Claim 2) Possession The former is where banks seek to recover the amount due to them and the latter is where they…
BusinessToday.in New Delhi Last Updated: December 29, 2017 | 18:37 IST The Lok Sabha approved the Insolvency and Bankruptcy (Amendments) Bill, 2017 on Friday that bars wilful defaulters and promoters from bidding for companies awaiting insolvency resolution. This is to plug the loopholes in the resolution process and by being selective about who can participate in it. Tabled…
On Dec 29, we issued an updated research report on KBR, Inc. KBR . Inside Story Over the last month, shares of this Zacks Rank #2 (Buy) company yielded a return of 7.2%, outperforming 3.1% growth recorded by the industry . KBR is poised to boost its competency on the back of the company’s diverse…
Dalian Wanda Group Co.s struggling Internet business is restructuring, the units President Qu Dejun said on a personal social-media account, after the state news organization The Paper reported the company would cut more than 1,000 jobs. The closely held Internet group within billionaire Wang Jianlins real-estate-to-entertainment conglomerate is undergoing a partial restructuring for better, faster…
My husband and I got married when we were young 22 and 25, respectively and we both came into our marriage with debt. We both grew up in households where our parents had joint checking accounts, so we followed suit and combined what little we had and that was that. We worked together for several…
Nagpur: The Insolvency and Bankruptcy Board of India (IBBI) will be soon coming up with figures of total defaults by companies. This will include claims put up by creditors who have not initiated proceedings against an entity at the National Company Law Tribunal (NCLT). This could take the figure beyond the Rs1.30 lakh crore of…
DENVER, Dec. 29, 2017 /PRNewswire/ — Birner Dental Management Services, Inc. (OTCQX: BDMS), business services provider of PERFECT TEETH® dental practices, announced today that the Company completed a private placement of $5 million of convertible senior subordinated secured notes and attached shares of Series A Convertible Preferred Stock with Palm Active Dental, LLC and Palm Global…
NEW DELHI: The government today said it has no plans to waive corporate loan and banks are advised to resolve stressed accounts speedily or start insolvency proceedings case by case. “No proposal for waiver of corporate loan is under consideration of the government,” Minister of State for Finance Shiv Pratap Shukla said in a written…
Both Houses of parliament began their day on a smooth note with Lok Sabha taking up Questions and Rajya Sabha with Zero Hour. While Lok Sabha is expected to take up The National Medical Commission Bill, 2017, The Insolvency and Bankruptcy Code (Amendment) Bill, 2017, among others, while Rajya Sabha is likely to take up…