Aakash Educational Services Ltd, the coaching institute acquired by Byju’s in 2021, has asked audit firm EY to disclose all documents and communication in relation to transactions involving the company. In a statement on Wednesday, Aakash said it would proceed with legal action if EY did not provide the requisite information, and alleged that the…
America’s soaring national debt, now over $36.2 trillion, has triggered growing concern among economists and credit agencies like Moody’s, which recently downgraded the U.S. credit rating amid fears that economic growth won’t keep pace with rising debt and interest payments. Economists have criticized politicians’ plans to reduce America’s national debt as too little, too late.…
In a decisive move to ease the financial strain on struggling residents and businesses, the eThekwini Municipality has approved a special debt relief programme that will offer a 50 percent write-off on arrear municipal debt accumulated up to January 31, 2025. The relief measure was adopted during a Special Full Council meeting held on May…
Chicagoans with student debt are feeling whiplash and confusion under the Trump administration. While President Donald Trump’s predecessor canceled $183 billion in student loans for more than 5 million Americans, Trump has called those actions illegal and is removing pathways to affordable monthly payments and loan forgiveness. Earlier this month Trump’s Department of Education restarted…
Mystery buyer makes eleventh hour bid for Zorzi The West Australian Read the original article here
Lenders willing to offer lower rates to distressed firms since IBC took effect, says insolvency board Mint Read the original article here
WeightWatchers goes bankrupt, as offering GLP-1 drugs couldn’t cure its debt problems MarketWatch Read the original article here
In the 2005-06 season, the Miami Heat celebrated a historic milestone by clinching their first-ever NBA championship, defeating the Dallas Mavericks 4-2 in the Finals. One of the key players in that title run was Antoine Walker, who joined the team at the start of the season and carried with him a compelling story of…
In the past year, Dillon Eustace has seen a notable increase in insolvencies in the real estate, construction and hospitality sectors. These appointments have been by domestic alternative lenders (typically backed by international capital) or international funder clients who are not willing to show the same forbearance as the domestic pillar banks, Jamie Ensor, partner…
Democratic Party backs debt relief and support fund for self-employed in Korea Chosunbiz Read the original article here