Videocon Industries Posts ₹2,410 Crore Loss Before Tax; Auditors Issue Disclaimer

Videocon Industries posted a significant loss before tax of ₹2,410.44 crore for the quarter ended September 30, 2024. Revenue from operations stood at ₹166.37 crore. Reader Takeaway: Severe financial distress continues; auditors unable to form an opinion on financials. What just happened Videocon Industries has announced its financial results for the quarter ending September 30,…

Trump faces renewed push to cancel student debt for eligible borrowers and stop the transfer of accounts to the Treasury

Democratic lawmakers are pushing the Education Department to deliver student-debt relief to eligible borrowers. They also urged the department to continue the pause on involuntary collections and stop the transfer to the Treasury. The push comes as student-loan defaults are at a record high. Millions of student-loan borrowers are in default. Lawmakers want the Trump…

Inner city Invercargill restaurant placed into liquidation

The EUNA restaurant in Don St, Invercargill has been placed in liquidation. An inner-city Invercargill restaurant has gone into liquidation in another sign of the immense pressure on hospitality businesses throughout New Zealand. EUNA Limited, which operates on Don St in Invercargill, was placed into liquidation on Tuesday last week, with Emma Laing appointed as…