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…
Mercedes-Benz parent Daimler on Thursday announced a major restructuring designed to better tackle the rapid pace of change as the car industry grapples with new competitors in the shift to shared, electric and self-driving vehicles. The Stuttgart-based group said it would split up Mercedes-Benz cars from Daimler Trucks and its financial arm now to be…
Csat Investment Advisory Lp decreased its stake in International Business Machs Com (IBM) by 16.43% based on its latest 2018Q3 regulatory filing with the SEC. Csat Investment Advisory Lp sold 7,856 shares as the companys stock declined 16.83% with the market. The hedge fund held 39,949 shares of the computer manufacturing company at the end…
The number of Australians “going under” financially accelerated last year, with personal bankruptcies up 6.1 per cent over the year. Key points: Bankruptcies rose for the 3rd consecutive year in 2017 Queensland had the highest number of bankruptcies last year Men are more likely than women to declare bankruptcy The increase follows an almost…
PNB, which filed the insolvency petition, said NRC had failed to honour a one-time settlement deal earlier too. Photo: Pradeep Gaur/Mint Mumbai: The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday reserved its order on the insolvency petition filed by the Punjab National Bank (PNB) against NRC Ltd, formerly known as National…