PayU Kenya Ltd., the local subsidiary of the Dutch-owned global payments company PayU, has entered liquidation just six years after its high-profile launch in East Africa. The company has appointed Sonal Tejpal as the liquidator to formally initiate the wind-up of its operations, as per Kenya’s Insolvency Act. PayU debuted in Nairobi in February 2019,…
The Centre has flagged multiple concerns over Vedanta’s proposed demerger at the National Company Law Tribunal (NCLT), CNBC-TV18 reported on Wednesday. During the hearing, objections were reportedly raised over financial risk, alleged misrepresentation of assets, insufficient disclosure of liabilities and violations of SEBI’s disclosure norms. Vedanta is seeking regulatory approval to split into four listed…
Police detained five suspects in connection with the illegal detention of two Chinese nationals. Photo: N.X On September 17, Da Nang police reported the successful rescue of two Chinese citizens who had been unlawfully held and beaten after losing large sums of money gambling at a casino in the area. Earlier, the city’s Criminal Investigation…
Global Debt Remains Above 235% of World GDP International Monetary Fund Read the original article here