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Ghana has reached a significant milestone in its debt restructuring efforts, following the endorsement of the Memorandum of Understanding (MoU) by the remaining six Partner Creditor Countries.
This agreement, initially reached in principle and signed in June 2024, forms part of the Common Framework for Debt Treatment, granting the country approximately US$2.8 billion in debt service relief, contributing to the US$8.3 billion total relief announced last year.
With this progress, Ghana has successfully completed about 93% of its debt restructuring process.
Former Minister of State at the Finance Ministry and MP for Atiwa East, Abena Osei-Asare, has lauded this achievement, attributing it to prudent fiscal management,…
The Supreme Court held that the approval of a proposed combination by the Competition Commission of India (CCI) must be obtained before the approval of Resolution Plan by the Committee of Creditors (CoC) under Section 31(4) of the Insolvency and Bankruptcy Code, 2016 (IBC).
The Court held thus in a batch of Civil Appeals preferred against the Judgment of the National Company Law Appellate Tribunal (NCLAT) pertaining to the Corporate Insolvency Resolution Process (CIRP) of the Hindustan National Glass and Industries Ltd. (HNGIL).
The three-Judge Bench of Justice Hrishikesh Roy, Justice Sudhanshu Dhulia,and Justice S.V.N. Bhatti observed, “In the present case, for reasons discussed above, the statutory provision and legislative…
Last week, Bruno Mars set out to drop the next world-dominating strip club anthem. Thanks to his latest single “Fat Juicy & Wet” with Sexyy Red, Bruno might have accomplished that. As an added bonus, the track’s warm reception contributed to a new streaming record set by Bruno Mars.
The singer slid in a reference about the wild rumor Tuesday, when he celebrated his achievement as the first artist on Spotify to reach 150 million monthly listeners.
Alongside his big news, Bruno encouraged his fans to “KEEP STREAMING,” joking he’d “be out of debt in no time” if they did.
As you know, the “Die With a Smile” artist was previously accused of having…
The Reserve Bank of India on Thursday said it has filed an application with the National Company Law Tribunal, New Delhi bench, for initiation of corporate insolvency resolution process against Aviom India Housing Finance Private Limited. On Monday, the RBI superseded the board of Aviom India Housing Finance owing to governance concerns and defaults in meeting various payment obligations.
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The Reserve Bank has appointed Ram Kumar, ex-CGM of Punjab National Bank, as the Administrator of the New Delhi-based company.
In a statement on Thursday, the central bank said an application for initiation of Corporate Insolvency Resolution Process (CIRP) against Aviom India Housing Finance Private Limited filed under the…
‘I love the lore that I am a Las Vegas lounge singer in debt to the mob’
It’s been a wild few months for Bruno Mars. He’s not only been on every radio in the world at the moment but he’s also been at the centre of some wild gambling debt rumours (???). Since his residency at Park MGM Casino in Las Vegas, people claimed Bruno Mars had amassed over $50 million in debt, but his response was pretty iconic.
via Instagram
The hilarious response came on his Instagram story on Tuesday evening after sharing a huge music milestone he’d achieved on Spotify. Bruno Mars became the first solo artist in Spotify history to hit 150 million monthly…
In recent years, the domestic mutual fundindustry has attracted investors across various segments. Ahead of the tax and policy proposals in the Budget, industry players, consultants, and associations are preparing their recommendations. These include addressing anomalies in the interpretation of tax laws, advocating for tax treatment parity, and other measures to support sectoral growth and help India maintain its momentum as one of the fastest-growing emerging economies.
The mutual fund industry is no exception to this trend. It has been at the forefront of contributing to the growth of capital markets. Assets Under Management (AUM) and Systematic Investment Plan (SIP) inflows reaching all-time highs at INR 68 lakh crores and INR…
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The Reserve Bank of India has filed for insolvency proceedings against Aviom India Housing Finance after superseding its board due to governance concerns and payment defaults.
Mumbai, Jan 30 (PTI) The Reserve Bank on Thursday said it has filed an application with the National Company Law Tribunal, New Delhi bench, for initiation of corporate insolvency resolution process against Aviom India Housing Finance Private Limited.
On Monday, the RBI superseded the board of Aviom India Housing Finance owing to governance concerns and defaults in meeting various payment obligations.
The Reserve Bank has appointed Ram Kumar, ex-CGM of Punjab National Bank, as the Administrator of the New Delhi-based company.
The Reserve Bank has appointed Ram Kumar, ex-CGM of Punjab National Bank, as the Administrator of the New Delhi-based company.
In a statement on Thursday, the central bank said an application for initiation of Corporate Insolvency Resolution Process (CIRP) against Aviom India Housing Finance Private Limited filed under the Insolvency and Bankruptcy Code,…
Mumbai, Jan 30 (PTI) The Reserve Bank on Thursday said it has filed an application with the National Company Law Tribunal, New Delhi bench, for initiation of corporate insolvency resolution process against Aviom India Housing Finance Private Limited. On Monday, the RBI superseded the board of Aviom India Housing Finance owing to governance concerns and defaults in meeting various payment obligations.
The Reserve Bank has appointed Ram Kumar, ex-CGM of Punjab National Bank, as the Administrator of the New Delhi-based company.
In a statement on Thursday, the central bank said an application for initiation of…
BALTIMORE — More people are defaulting on their credit card payments as debt continues to climb. There are several debt repayment strategies, but one in particular helped Darryl France dig his way out of $25,000 in debt in just four years.
“You know, you put something on a credit card, it’s kind of out of sight, out of mind,” said France.
Everyday expenses, along with larger ones like an out-of-state move, childcare, and car payments while temporarily living on a single income, contributed to his financial situation.
“I was literally just paying enough to meet the limit, and that would be my balance until the next month when the interest hit. Just seeing how it was compounding and the time that it would take with me paying the…
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