Luxembourg-based multinational steel firm ArcelorMittal and domestic industry major Tata Steel have evinced interest in Bhushan Steel which is undergoing insolvency proceedings. The development has come at a time when the debt-laden firm, which was referred to NCLT by the RBI under the Insolvency and Bankruptcy Code, has reported narrowing down of its standalone net…
New Delhi, Nov 16 () Luxembourg-based multinational steel firm ArcelorMittal and domestic industry major Tata Steel have evinced interest in Bhushan Steel which is undergoing insolvency proceedings. The development has come at a time when the debt-laden firm, which was referred to NCLT by the RBI under the Insolvency and Bankruptcy Code, has reported narrowing…
BERLINGermanys Siemens AG on Thursday said it would cut 6,900 jobs world-wide as it wrestles with a sharp slowdown in the power-plant industry, the latest restructuring move by a global industrial giant. The move, which involves the company consolidating three of its core businesses, affects its power-and-gas division, power-generation services division and process industries and…
HONG KONG, Nov 16 (Reuters) – China Huishan Dairy Holdings Ltd, which earlier this month said it had come to an agreement with a majority of Chinese creditors on a debt restructuring, said it instructed lawyers to prepare for its provisional liquidation. Chinas largest integrated dairy company said on Thursday it had issued the instruction…
TEMECULA, Calif., Nov. 16, 2017 (GLOBE NEWSWIRE) — International Endeavors Corporation (OTC:IDVV) (“IEC”) today announced it has received Pink Current Status from OTC Markets as part of the companys corporate restructure with KUBBY Cryogenics, Inc., subsidiary partner of IEC, and biomedical cannabis research and development firm. Nate Engel, CEO, stated: Now that the company is…
“With Black Friday promotions already flooding email inboxes, the temptation to spend can be great. Uncontrolled holiday shopping can create debt problems that last for months or even years,” Housser says. “Now is the time to get a plan in place to make the holidays about fun and family instead of debt.” Freedom Debt Relief…
FORTUNE is firmly on the up for Kerry Katona who took to Instagram to flog pricey £3,000 beds just months after she joked about being bankrupt. The Atomic Kitten singer has put her creative talents to good use to design a range of the plush circular home furnishings for retailer Monrose Interiors. Her latest collection…
The government is reportedly preparing to pay a long standing £450m debt to Iran to help free imprisoned mum Nazanin Zaghari-Ratcliffe. Boris Johnson and chancellor Philip Hammond quietly authorised government lawyers to finally settle the 38 year-long dispute over a tank deal reports the Sun. An international court ordered the UK to reimburse Teheran after…
A partner at Newcastle-based Hay & Kilner has called on the Chancellor to announce measures which would improve and reinforce the country’s corporate insolvency framework. Neil Harrold, who is also chairman of R3 in the North East, has stressed that with the latest official figures showing a 15 per cent year-on-year rise in the number…
Housing Development and Infrastructure (HDIL) share price rallied 5.2 percent intraday Friday after part payment made by the company to Andhra Bank. Andhra Bank has withdrawn its insolvency application from the National Company Law Tribunal (NCLT) against HDIL as the realty firm has decided to settle outstanding dues. “The company has proceeded for settlement of…