Cond Nast, the owner of glossy magazines including Vogue, Vanity Fair and GQ, has slumped to a 14m annual loss as it battles to reshape its business for the digital future. The high-end magazine publisher reported a pre-tax loss of 13.6m in 2017 a huge swing from the 6.6m profit recorded the previous year according…
Over the last four-and-a-half years, the Bharatiya Janata Party-led National Democratic Alliance government has done much to constrict Indias economy. Demonetisation hurt the smallest businesses: those of the self-employed. Their incomes are yet to return to pre-demonetisation levels. Many slightly bigger businesses, like small and medium enterprises in industrial clusters like Surat in Gujarat and…
NEW YORK–(BUSINESS WIRE)–Reissuing release dated January 2, 2019 to correct ticker symbol from YRCW to YRIV. The corrected release reads: EQUITY ALERT: ROSEN LAW FIRM FILES SECURITIES CLASS ACTION LAWSUIT AGAINST YANGTZE RIVER PORT AND LOGISTICS LIMITED YRIV Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit…
This is to inform you that the 9th Meeting of Committee of Creditors (CoC) was held on 27.12.2018.In the meeting, the members of the COC authorised the Resolution Professional to re-issue/ publish Expression of Interest for submission of Resolution Plan in Form G in the newspaper namely Business Standard (English) and Punjab Kesari (Hindi).Please find…
Essar Steel owes over 49,000 crore to over two dozen banks led by State Bank of India. Photo: AP Ahmedabad/Mumbai The National Company Law Appellate Tribunal (NCLAT) has directed the Ahmedabad bench of the National Company Law Tribunal (NCLT) to expedite the insolvency case filed against the Essar Steel Ltd. On Thursday, while hearing the…
January is the most difficult month of the year financially with 22% of Brits feeling under pressure, research from Equifax company TDX Group has found. More than a quarter (26%) of women flagged it as a pressure point, compared to 18% of men. Mortgage payments are peoples third biggest debt concern, mentioned by 9% of…
As the insolvency and Bankruptcy Code (IBC) completed two years, union finance minister on Thursday wrote a blog on Facebook listing out its achievements. Jaitley also targeted the previous UPA government, “The Congress left behind the legacy of an anachronic system of resolving commercial insolvency”, he wrote. “The NDA Government headed by Shri Atal Bihari…
FM observes definite improvement in lending and borrowing behaviour The finance minister Arun Jaitley has written in his personal blog about two years of Insolvency and Bankruptcy Code, while commending it from strong recoveries of bad loans. The finance minister stated that so far 1322 cases have been admitted by NCLT, while 66 have…
Finance Minister Arun Jaitley Thursday said Rs 80,000 crore has been recovered by creditors in 66 cases resolved by NCLT and around Rs 70,000 crore more is likely to be realised by March-end. Accusing the Congress of leaving behind a legacy of an “anachronic system” of resolving commercial insolvency, Jaitley said the NDA government acted…