MUMBAI: For Indias overwhelmingly complex legal system, the Insolvency and Bankruptcy Code (IBC) is billed as the silver bullet that would help lenders recover about Rs 9 lakh crore of sticky loans. But the law has an unwanted side effect loss of jobs. Since IBC was used by lenders to slice through the thicket of…
The debt woes of one of Indias leading wireless carriers Reliance Communications have deepened this week thanks to an unlikely new source of pressurea leading state-owned Chinese bank. It emerged late Monday that China Development Bank, a policy bank which often helps fund Chinese companies investments overseas, had late last week filed a petition for…
The debt woes of one of India’s leading wireless carriers Reliance Communications have deepened this week thanks to an unlikely new source of pressure — a leading state-owned Chinese bank. Continue Reading Below It emerged late Monday that China Development Bank, a policy bank which often helps fund Chinese companies’ investments overseas, had late last…
FCA publishes final summary of report into RBS restructuring unit BelfastTelegraph.co.uk Britains financial watchdog has released its final summary of a report investigating how the Royal Bank of Scotlands controversial restructuring unit treated small business customers. https://www.belfasttelegraph.co.uk/business/uk-world/fca-publishes-final-summary-of-report-into-rbs-restructuring-unit-36360408.html https://www.belfasttelegraph.co.uk/business/uk-world/article36360407.ece/4cab7/AUTOCROP/h342/bpanews_d0f4d1e0-ea19-4ffe-9fdb-3deb6a71811c_1 Email Britains financial watchdog has released its final summary of a report investigating how the Royal Bank…
CASH-strapped tennis legend Boris Becker is taking his ex manager to court as the pain of his bankruptcy begins to bite. Former mentor Sascha Rienne has been called to appear before the courts in Cologne in January accused by sporting ace Boris of failing to properly pay him for lucrative personal appearances. Splash News Becker, who…
The charity Mental Health UK has set up a new debt advice service for those with money and mental health problems, with financial backing from Lloyds Banking Group. The Mental Health and Money Advice website aims to provide impartial advice to help the estimated four million people who have mental health and money problems,…
November 28, 2017 Simon Mundy in Mumbai and Gabriel Wildau in Shanghai Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it … Read…
FCA summary of report into RBS restructuring unit fair and balanced BelfastTelegraph.co.uk The Financial Conduct Authority (FCA) published a fair and balanced summary of a report investigating how the Royal Bank of Scotlands controversial restructuring unit treated small business customers, according to specialist advisers. https://www.belfasttelegraph.co.uk/business/uk-world/fca-summary-of-report-into-rbs-restructuring-unit-fair-and-balanced-36360077.html https://www.belfasttelegraph.co.uk/business/uk-world/article36360076.ece/67cf6/AUTOCROP/h342/bpanews_07676fb2-cce5-4076-94ad-3cd966c4c0e6_1 Email The Financial Conduct Authority (FCA) published a fair…
Say it isnt so. In news that is saddening for the local Australian fashion brand, Lover has gone into voluntary administration, according to a media release from Ferrier Hodgson a financial advisory firm. Ferrier Hodgson were appointed as administrators on 23 November, with the firm stating it would be business as usual whilst the administrators…
Shares of Reliance Communications fell sharply by over 9% in early trade today amid reports that China Development Bank has filed insolvency case against the telecom firm, which the company has denied. The stock tanked 8.61 per cent to Rs 12.20 on BSE. At NSE, shares of the company dived 9.36 per cent to Rs…