MUMBAI: Essar Steel promoters Shashi and Ravi Ruia are working toward setting up a consortium to bid for the company that’s in the midst of bankruptcy proceedings at the National Company Law Tribunal (NCLT), said several people aware of the matter. However, the move is expected to come under scrutiny as a recent amendment to…
A British company that is part of a P3 agreement with the Saskatchewan government to build and maintain a new hospital in North Battleford has gone into liquidation. In a statement released Monday, Carillion PLC, which employs more than 6,000 people in Canada, said it had no choice but to liquidate. It has been struggling…
Carillion Collapse: What To Know About Its Liquidation | Fortune What You Need To Know About the Collapse of Carillion, a U.K. Construction Giant Search Read the full article at: http://fortune.com/2018/01/15/what-you-need-to-know-about-the-collapse-of-carillion-a-u-k-construction-giant/
Its no real secret that, between costly Christmas gifts and pricey New Years plans, Aussie credit cards work up quite the sweat over the holiday season. In fact, late last year Mozo predicted that, once the smoke cleared in the new year, the average credit cardholder would end the festive period with a $3,700 credit…
TOKYO — By publicly listing wireless subsidiary SoftBank, SoftBank Group would likely be able to rein in its rising debt and diversify its funding channels, in addition to streamlining its operational structure made more complicated by a string of big investments. The Japanese technology giant has burned through cash in recent years with such deals as the…
The third Monday in January is better known as Blue Monday and is considered by many to be the most depressing day of the year. READ MORE: Tips to combat Blue Monday But for some, its just another Monday. I didnt want to get up, I think every student does that on Mondays, one University…
ZURICH (Reuters) – Swiss airline Belair, formerly part of collapsed low-cost carrier Air Berlin (AB1.DE), has been taken over by German investment company SBC. SBC, based in Duesseldorf, said on Monday it wanted flights to resume as soon as possible and former Belair staff would be offered their jobs back after it made a deal…
by Kate Holton UK contractor Carillion collapsed when banks triggered Britain’s biggest corporate failure in a decade, forcing the government to step in to guarantee public services from school meals to roadworks. The 200-year-old business went into compulsory liquidation at 0600 GMT (5pm AEDT on Monday) after costly contract delays and a slump in new business…
The government plans to reduce its foreign debt and raise capital through the issuance of bonds, a representative of the Ministry of Economy and Finance has unveiled. Increasing local borrowing instead of foreign borrowing will improve the countrys trade balance and current account, said Vong Seyvisoth, Secretary of State at the Ministry of Economy and…
GCC countries were able to avert an otherwise sharper deterioration in their international reserves on the back of an increase in oil prices and a subsequent positive impact on current account balances, Moody’s Investors Service said on Monday. Large sovereign external debt issuance valued at $49.3 billion in 2017, up more than $10 billion from…