Thousands of small- and medium-sized companies in India have missed loan payments and are staring at a prolonged period of distress owing to the pandemic while the larger ones have held their ground and, in some cases, thrived, loan recast data from top lenders showed. Micro, small and medium enterprises (MSMEs) make up the overwhelming…
In tribute to Diego Maradona, we revisit one of his finest hours as a member of Napoli’s UEFA Cup-winning team of 1989 the last time the southern Italian side achieved European glory. Inspired by Maradona, the previously unheralded Partenopei enjoyed success both at home and, culminating in this scene after their 5-4 aggregate win over…
Yingli Green Energy topped the charts of solar module manufacturers for shipments in 2013, but what followed was a downward trajectory, driven by rapid capacity expansions, low ASPs and a lack of profitability. Yingli Green Energy, the holding company once listed on the New York Stock Exchange (NYSE), has now been liquidated, unable to repay…
(Bloomberg) — Stronger African economies dont need debt relief from bondholders, whose money will be crucial to help finance the recovery of the continent, according to Senegal Economy and Planning Minister Amadou Hott. Senegal is one of 46 low-income nations that got a waiver on bilateral debt payments until the first half of 2021 under…
‘Phoenix activity’ is a broad term commonly recognised in the solvency world for its ability to help company controllers avoid the stress and pain of standing over a failed business. Phoenix activity, however, runs the full gauntlet of positive and negative implications, as it applies to illegal activity, a legal phoenix restructure and even the…
CLOSE The coronavirus pandemic has fueled an increase in the use of online betting sites. (Photo: Getty Images/iStockphoto) Years ago, Rose Blozinski of the Wisconsin Council on Problem Gambling took a phone call from a woman who was in big trouble. “A stay-at-home mom did some online gambling and said, ‘I owe them $30,000,’” Blozinski…
Yingli Green Energy topped the charts of solar module manufacturers for shipments in 2013, but what followed was a downward trajectory, driven by rapid capacity expansions, low ASPs and a lack of profitability. Yingli Green Energy, the holding company once listed on the New York Stock Exchange (NYSE), has now been liquidated, unable to repay…
Speech Analytics and Contact Center AI Improve Experiences for Both Clients and Agents Observe.AI, a leader in Contact Center AI, announced that its platform has enabled National Debt Relief (NDR) to improvecustomer experience, automate quality assurance, and provide better coaching to its front-line agents. NDR, one of the countrys largest and most reputable debt relief…
By Loyiso Sidimba 7h ago Share this article: Share Tweet Share Share Share Email Share Johannesburg – Seven companies owned by controversial Gupta lieutenants Eric Wood and Salim Essa will be wound down following a South Gauteng High Court order. Trillian Management Consulting, Trillian Capital Partners, Trillian Securities, Trillian Nominees, Trillian Shared Services, Trillian Property…
The Insolvency and Bankruptcy Board of India (IBBI) has proposed a statutory mechanism that will allow a company to withdraw from the process of voluntary liquidation at any point after its initiation. Unlike the corporate insolvency resolution and liquidation process of a stressed company, voluntary liquidations are not supervised by a committee of creditors or…