Introduction The Insolvency and Bankruptcy Code, 2016 (Code) has been introduced with the primary objective of increasing lenders confidence and facilitating expansion of the credit market in India. As stated in the objects clause, the objective of this new law is to promote entrepreneurship, availability of credit, and balance the interests of all stakeholders by…
California is at the forefront of the US medical marijuana industry, and weeds positive impact on the states economy has been huge, generating $2.8 billion in 2015, with $6.5 billion annually expected by 2020. The states largest grow facility was announced in June 2016 by GFarms, and is slated to be built in the town…
Mahindra & Mahindra rose 0.89% to Rs 1,178.20 at 14:37 IST on BSE after the company announced a restructuring of its businesses under Dr. Pawan Goenka, Managing Director of the company. The announcement was made during trading session today, 28 December 2016. Meanwhile, the S&P BSE Sensex was up 44.81 points or 0.17% at…
Bids for public contracts can be made by an individual firm, or by two or more unaffiliated entities. There are various reasons why operators decide to form a consortium. Consortium bids are common in large public contracts, when small and medium sized enterprises (SMEs) do not have the individual financial or technical capacity to undertake…
Las Vegas strip. Image source: Getty Images. The gambling industry has been an interesting place over the past few decades. The rise of Las Vegas, boom and bust of Atlantic City, recent unstable growth in Macau, and a changing consumer and economic landscape have led to volatility for companies such as Wynn Resorts (NASDAQ: WYNN)…
IN THE RED New research shows that Brits will carry an average of £636 in credit card debt into the new year ALMOST nine in ten credit card customers who are in the red will carry their debt into the new year, with the average person owing £636, new research shows. With credit card debt hitting…