SITI Networks Discloses ₹1,206 Cr Default Amid Ongoing Insolvency

AuthorAkshat Lakshkar|Published at:2nd March 2026, 5:13 pm Overview SITI Networks Limited has formally disclosed a significant default on interest and principal payments for loans totalling ₹1,206.03 crore. This disclosure comes as the company continues its Corporate Insolvency Resolution Process (CIRP), initiated in February 2023. The ongoing legal proceedings and financial distress highlight a critical situation…

Clothing company implicated in sweatshop scandal cries foul

A photo taken by inspectors from the National Bargaining Council for the Clothing Manufacturing Industry at a sweatshop in KwaZulu-Natal. Photo supplied. The National Bargaining Council for the Clothing Manufacturing Industry is seeking to liquidate Drake Clothing, alleging it contracts with unregistered sweatshops. Drake Clothing, which supplies Pep, Mr Price and Foschini, has accused the…

Daniel Tilipman on Why the Debt Relief Industry Must Lead With Education

Daniel Tilipman outlines how the debt relief industry must lead with transparent, evolving financial education to reduce confusion, build trust, and empower consumers navigating complex credit systems. Atlanta, GA, 2nd March 2026, ZEX PR WIRE, In an information environment characterized by abundance and fragmentation, the question of who provides clear, accessible education on financial matters has…

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Debt Relief in Zambia and Support for Public Health Systems

Debt relief in Zambia has been pursued through international restructuring mechanisms, including the G20 Common Framework, the International Monetary Fund (IMF) and official bilateral creditors. Zambia faced elevated external debt levels before restructuring. It entered into a formal debt treatment process under the Common Framework for Debt Treatments beyond the Debt Service Suspension Initiative. On…