Nuvama Wealth Management Limited received an Administrative Warning on November 29, 2024, from SEBI advising the Company to be careful in future and avoid the recurrence of the observations. The letter has been issued in connection with the inspection of public issues of debt managed by the Company as a Merchant Banker. The observations were…
President Sheikh Mohamed has waived debts of 1,277 Emiratis ahead of the country’s 53rd national day, Eid Al Etihad. The Nationals Defaulted Debts Settlement Fund (NDDSF) said that 18 banks and entities have agreed to clear debts worth Dh401 million. These include Abu Dhabi Commercial Bank Group, Al Hilal Bank, Emirates NBD, Mashreq Bank, First…
Lion Électrique, the Quebec-based manufacturer of electric buses and trucks, is facing dire financial challenges, with warnings of imminent insolvency looming over the company. With liquidity issues seriously hindering its operations, analysts are increasingly voicing concerns about whether the company can survive without major financial intervention. Professor Yan Cimon from Laval University characterizes the situation…