Young residents carry water home after filling up a bottle at a community filling station in the informal settlement of Kanana after individuals died from cholera in Hammanskraal, South Africa, May 24, 2023. REUTERS/Ihsaan Haffejee The debt crisis in the world’s poorest economies is worsening, with rising debt servicing costs reducing funds for development, the…
BERLIN (Reuters) – U.S. carmaker Tesla will acquire parts of the insolvent German high-tech parts maker Manz AG, including more than 300 employees at its site in Reutlingen city in the southwest, the German company said on Tuesday. The deal marks a wider presence by Tesla in Germany, where it runs a manufacturing site near…
New Delhi, Feb 24 (IANS) Adani Power Limited (APL) on Monday said it has received a Letter of Intent (LOI) to acquire Vidarbha Industries Power Limited. The power firm was selected as the successful resolution applicant under the Corporate Insolvency Resolution Process (CIRP) of Vidarbha Industries Power Ltd. The Committee of Creditors approved Adani Power’s…
IGT revenue and operating income down in FY2024 report, but net debt improves Gambling Insider Read the original article here
Gambler who conned vulnerable man out of life savings jailed Dublin People Read the original article here
Student loan borrowers face abrupt 180 as GOP budget plans threaten to raise payments The Hill Read the original article here
The Insolvency and Bankruptcy Board of India is finalizing a set of proposals aimed at speeding up resolution. Public consultation is set to end Tuesday, though the deadline may be extended. Bloomberg Last Updated : 25 February 2025, 11:01 IST Follow Us : Comments Read the original article here
Envictus Completes Liquidation of Subsidiary TipRanks Read the original article here
Iconic bankrupt retailer closes all 800 stores in liquidation MSN Read the original article here
In nine months through December, it took 821 days on average for the courts to approve a resolution plan. That’s 35 per cent longer than in the fiscal year ended March 2023, according to IBBI data. Meanwhile, investors on average recovered about 28 per cent during the financial year ended March 2024, down from 46…