The benefits for Air India from the financial restructuring plan have been largely eroded by high volume of short-term loans and the state-owned airline should look at rationalising costs, the CAG said today. Besides, the apex auditor has recommended that the government’s equity funding to the airline should be adjusted after taking…
(For more Reuters DEALTALKS, click on) By Tatiana Bautzer SAO PAULO, March 8 (Reuters) – Brazil’s largest banks are increasingly demanding that companies put themselves up for sale as a condition to cut loan principal amounts, providing a jolt to an otherwise weak M&A climate in Latin America’s largest economy. Since the start of September,…
LINCOLN–College graduates and Nebraska businesses would both benefit under a bill introduced by Sen. Kate Bolz of Lincoln. LB443, the Student Loan Repayment Tax Credit Act, would be a way for a business to help pay the student loan debt of its employees. Businesses could pay for an employees student loan principal and interest and…
Today, shortly after receiving an award from the Cleantech Group for North American company of the year (yet another kiss of death), Aquion declared bankruptcy. Aquion raised a total of $190 million in venture capital and debt for its saltwater batteries intended for long-duration storage. The company also raised a lot of hype. The startup…
RALEIGH, NC (March 9, 2017)AG Josh Stein today announced that a court ruled in the AG offices favor against an illegal debt relief scheme. Orion Processing, Swift Rock Financial, and World Law South which did business under the name World Law falsely offered to assist consumers with debt relief and requested advance payment of fees…
The number of people going into a type of personal insolvency known as “bankruptcy light” has risen during the first three months of 2016 in official figures released on Friday. The Insolvency Service said 6,722 debt relief orders were taken out between January and March across England and Wales – marking a 3.4% increase compared…