By PATRICK ALUSHULAMore by this Author Several listed companies have carried unmet targets into 2019 and are now banking on key financial deals to unlock their operational potential. Most of them are stuck in debt and falling revenues, and have prioritised fresh capital injection as a lever to turning around their fortunes in the next…
NCLT appoints Yash Jeet Basrar as an interim RP to run the corporate insolvency resolution process of Parsvnath Landmark Developers. Photo: Ramesh Pathania/Mint New Delhi: The National Company Law Tribunal (NCLT) has given its approval to start the insolvency proceedings against realty firm Parsvnath Developers subsidiary, which is developing a housing project in the national…
Companies that break the rules could face tougher sanctions under plans being considered by Labour to scrap Britains multiplicity of overlapping regulators, which the party believes cave in to powerful commercial interests and fail to protect consumers. A report commissioned by John McDonnell, the shadow chancellor, argues that there needs to be a new authority…
Rising interest rates and high levels of corporate debt have lots of investors concerned. Should small businesses be worried? The majority of small businesses (in most industries) are able to pay their bills on time. According to Experian/Moodys Analytics Main Street Report, overall delinquencies for businesses with fewer than 100 employees were slightly down in…
1. Pay off debts with high interest rates first In this era where so many apps offer instant loans, you are likely to have several loans with several financial institutions. These usually come with different interest rates. If you are in this situation, start by paying off the ones with the highest interest rates. This…
The collapse of construction group Carillion earlier this year triggered a 20% spike in the the number of UK building firms becoming insolvent, according to a report. In a devastating knock-on effect for the sector, a total of 780 companies in the industry fell into insolvency in the first quarter of 2018 a one-fifth rise…