Paytm breaking its business into two helped it cut losses by 40% – Economic Times

BENGALURU: Paytm‘s parent company One97 Communications’ restructuring exercise wherein it separated its online retail from its payments business has helped it pare losses by over 40% to Rs 900 crore in financial year 2016-17 from Rs 1,548 crore in FY16, according to the company’s filings with the Registrar of Companies (RoC). The company had hived…

Families facing financial crisis urged to seek advice from Citizens Advice Halton – Runcorn and Widnes World

CASH-STRAPPED households struggling to make ends meet are about to reach crisis point, warns a charity. Citizens Advice Halton expects the last day in January to be the years busiest day for debt advice. Latest figures reveals that on 31 January, 2017, the charity helped 2,800 people, 30 per cent above the daily average. Citizens…

NCLT nod to initiate insolvency against Bhushan Energy – Moneycontrol.com

The National Company Law Tribunal (NCLT) has directed initiating insolvency proceedings against Bhushan Energy Ltd after admitting a plea from the country’s largest lender State Bank of India (SBI). A two-member bench of NCLT has appointed Navneet Kumar Gupta as the interim resolution professional (IRP) to initiate insolvency proceedings. Bhushan Energy Ltd, the corporate debtor,…

New York REIT, Inc. Closes On Previously Announced Sale Of Its 350 West 42nd Street Property – PR Newswire (press release)

About NYRT NYRT is a publicly traded real estate investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties, located in New York City. NYRT’s shareholders recently adopted a plan of liquidation pursuant to which NYRT is liquidating and winding down and, in connection therewith, is seeking to…