Ramit Chitkara Its been more than a year since the all-new corporate insolvency framework of the country (hereinafter referred to as the IBC) got notified followed by regulations over tranches. IBC is one of the biggest reforms by the government just after the GST, wherein it offers early identification of corporate distress with time-bound resolution…
To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 9:30 am: GMR Group CFO Madhu Terdal, NHAI Member Rohit Kumar Singh, State Bank of India CFO Anshula Kant, Bank of India MD Dinabandhu Mohapatra, Punjab National Bank MD…
Boris Becker has denied that he is broke despite being declared bankrupt by a court in London and having claims against him for more than £50 million. The tennis champion, who won six grand-slam tournaments, told a Swiss newspaper that he had sufficient funds and sponsorship deals to pay his way. Becker, 49, once one…
To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 9:30 am: GMR Group CFO Madhu Terdal, NHAI Member Rohit Kumar Singh, State Bank of India CFO Anshula Kant, Bank of India MD Dinabandhu Mohapatra, Punjab National Bank MD…
Turnaround unit accused of cavalier approach James Hurley, Enterprise Editor Thousands of small and medium-sized companies from across Britain were mistreated by RBSs Global Restructuring GroupNEIL HALL/REUTERS Staff at Royal Bank of Scotlands restructuring unit were advised to extract money from small businesses that were in the most financial difficulty, according to a confidential document that…
By MarEx 2017-11-06 19:13:32 Kristin Weyanathabaln, a fisherman in northern Sri Lanka has managed to free himself from of bonded labor. I am now free from debt, the 48-year-old fisherman says. Weyanathabaln had only started fishing in 2010, one year after the end of Sri Lankas civil war that…
NEW YORK–(BUSINESS WIRE)–The Steering Committees of the International Bondholder Committee (the IBC) and the Ad Hoc Group (the AHG) of bondholders (the Oi Creditor Groups) of Oi S.A. and its affiliates (collectively, the Company or the Oi Group) announce that, as disclosed by the Company on November 6, 2017, the Oi Creditor Groups, together with…
Former Serie A club Modena have been declared bankrupt, ending 105 years of their history. Its a sad end for the Canarini, who were locked out of the Stadio Braglia for non-payment of bills, and have not attended the last three Serie C games. Today is set to be the fourth, so failing to turn…
Broadcom has made a $105B bid to buy fellow chipmaker and Apple supplier Qualcomm. When $25B of net debt is factored in, the deal is effectively worth $130B. If the bid succeeded, it would not only be the biggest tech acquisition in history, but might also help resolve the long-running dispute between Qualcomm and Apple…
The local stock barometer surged to a new record finish past 8,500 on Monday as investors took their cue from upbeat sentiment in Wall Street while a corporate restructuring deal at conglomerate San Miguel Corp. excited the market. The main-share Philippine Stock Exchange index racked up 146.94 points or 1.75 percent to close at its…