MUMBAI: In late June, one of India’s top wind power equipment makers, Inox Wind Ltd, was dragged into insolvency courts by a logistics handler over unpaid dues of $88,000. Two weeks on, the matter was settled, with dues paid off. The case illustrates how small creditors and vendors, previously at the mercy of large debtors,…
F1 CEO Chase Carey says he would like the Indian Grand Prix to return down the road, insisting the Asian country is an important market for the sport. India hosted three Grands Prix between 2011-13 at Greater Noida’s Buddh International Circuit, before bureaucratic and taxation hurdles forced F1 out of the country. While the financial…
JEREMY CORBYN would have to find a whopping £60BILLION to write-off student debt, experts claim. And the Institute of Fiscal Studies said the astronomical bill would only cover debt built up by students from 2012 when fees rose to £9,000 a year. PA:Press Association Jeremy Corbyn has pledged to ‘deal with’ student debt The report…
There has been a major battle for Germany’s second largest airline that could see it broken up as bidders stake their claims. A final decision on the airline’s future is expected on September 25. An airplane operated by German airline Air Berlin sits on the tarmac at the airport in Munich, southern Germany, on September…
Shipping giant A.P. Moller-Maersk is taking the right steps to improve shareholder value, said the company’s former group chief executive. The conglomerate is currently in the midst of separating its transport and logistics businesses from its energy operations an effort that’s been many years in the making, Nils Andersen told CNBC on Friday. Maersk share…
EDISON, N.J., Sept. 15, 2017 /PRNewswire/ — AGI HoldCo, Inc., a multi-channel leading women’s footwear brand doing business as Aerosoles, announced today that it, along with certain of its subsidiaries (collectively, “Aerosoles” or the “Company“), have voluntarily filed petitions to reorganize under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for…
Mumbai, Sep 8 () State Bank chairman Arundhati Bhattacharya today urged small and medium enterprises (SMEs) to focus on raising funds through equity instead of debt to drive their businesses in a healthier manner. She said SMEs’ relying more on debt for their growth capital in the initial stage of their business put pressure on…
Andrew Farah, For USA TODAY NETWORK-Wisconsin Published 8:22 a.m. CT Sept. 14, 2017 Andrew Farah(Photo: Courtesy of Andrew Farah) The road to retirement is rarely straight. There are alternate routes with children to raise and careers to pursue, and there is often some unexpected road construction, too, when accidents happen or illness strikes. When done…
When did you last check the balance of your student loan? Well, with the Turnbull government working to move university fee reforms through the Senate, it could be actually worth taking a look. Changes to already pass the House of Representatives on Wednesday night include lower repayment thresholds on HECS-HELP loans, higher student fees and…
A file photo of DBS Bank. Photo: Bloomberg New Delhi: Edible oil maker Ruchi Soya Industries Ltd on Friday said its creditors DBS Bank and Standard Chartered Bank have filed applications with the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against the company. In two separate BSE filings, Ruchi Soya said that it…