Aged care, disability and veterans care service provider Annecto Incorporated has entered voluntary administration, putting entitlement payouts for hundreds of staff in doubt. Last month Annecto, which has more than 1,000 employees and 4,400 clients across four states, announced it would stop its community services by the end of July. On Monday, the Annecto board…
The Insolvency and Bankruptcy Board of India (IBBI) issued Notification No. IBBI/2025-26/GN/REG128 dated 4th July 2025 announcing the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025. This amendment introduces stricter transparency norms in the corporate insolvency resolution process (CIRP). Stay Updated with the Latest Audit Report Formats…
Adani Power announced that it has successfully acquired and implemented a resolution plan of Vidarbha Industries Power Ltd. (VIPL). The transaction is for an aggregate consideration of ₹4,000 Crore. Effective July 07, 2025, VIPL has become a wholly owned subsidiary of the company after Adani Power acquired 100% shareholding of the company. VIPL is a…
Ahmedabad: Adani Power Ltd (APL) on Tuesday said it has successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd (VIPL) for Rs 4,000 crore. With this acquisition, Adani Power takes its operating capacity to 18,150 MW, cementing its position as India’s largest private base load power generation company with 30,670 MW…
Debt relief, concessional finance can help countries meet their development goals 8 July 2025 – For years, blended finance —utilizing public development funds to attract private investment in developing countries —has been touted as a powerful means to bridge the financing gap for achieving the Sustainable Development Goals (SDGs). However, with this gap currently standing…
Debt relief, concessional finance can help countries meet their development goals 8 July 2025 – For years, blended finance —utilizing public development funds to attract private investment in developing countries —has been touted as a powerful means to bridge the financing gap for achieving the Sustainable Development Goals (SDGs). However, with this gap currently standing…
Holly Phillips and Pritti MistryBBC News BBC Axis Logistics Limited, a delivery firm for the Lindsey Oil Refinery, is being wound down More than 100 tanker drivers have been made redundant after the Prax Lindsey Oil Refinery filed for insolvency. Axis Logistics, the main delivery firm for the refinery in North Lincolnshire, went into administration…
How to Stabilize Africa’s Debt International Monetary Fund Read the original article here
Adani Power Ltd. (APL), India’s largest private thermal power producer, has successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore, the company said in a media statement. Vidarbha Industries Power is a 2×300 MW domestic coal-fired power plant located in Butibori, Nagpur…
South Korea Finalises KRW 1.1 Trillion Debt Relief Package Regulation Asia Read the original article here