RCom shares fall on Tuesday Reliance Communications (RCom) Ltd’s shares fell sharply on Tuesday morning after media reported that China Development Bank was pursuing insolvency proceedings against the company. China Development Bank (CDB) filed an insolvency petition against Reliance Communications to the National Company Law Tribunal to recover about 114.6 billion rupees ($1.8 billion), reports…
CHRISTMAS can be a tough time financially for people. That’s why UnitingCare Queensland Child and Family Services has released a list of financial tips to help families keep debt under control this holiday season. . UCQ financial resilience and wellbeing service statewide manager Jodie Logovik said feeling the pinch at Christmas time was not uncommon…
A Callala Bay woman has appeared in Nowra Local Court charged with failing to submit a report as company director within 14 days as required. Christina Margaret Koch, 41, has not entered a plea to the charge in a case brought by the Australian Securities and Investment Commission. Court papers said between July 20, 2015…
MUMBAI, Nov 28 (Reuters) – Reliance Communications Ltds shares fell sharply on Tuesday morning after media reported that China Development Bank was pursuing insolvency proceedings against the company. China Development Bank (CDB) filed an insolvency petition against Reliance Communications to the National Company Law Tribunal to recover about 114.6 billion rupees ($1.8 bln), reports from…
No one ever says hardware is easy, and today it looks like another promising startup has hit a wall. Navdy, which made an in-car heads-up display that projected info like navigation on to your windscreen, has been sending out notices to customers and others who might have claims against the company, as part of a…
Teva Pharmaceutical Industries Ltd.’s new chief executive officer ousted the company’s three top division heads on Monday as he works to turn around and streamline the operations of the debt-laden drug maker. CEO Kare Schultz, who joined Teva on Nov. 1, said he will combine the Israeli company’s generic and specialty drugs business, as well…
Drugs manufacturer Mayne Pharma is still feeling the impact of tough competition and lower prices in the generic drugs market in the US, but expects that the release of new drugs and restructuring initiatives will boost the company’s financial performance. Chief executive Scott Richards says the company’s first half is expected to be “soft” but…
Mr Nduna Herald ReporterCHEGUTU West legislator and businessman Mr Dexter Nduna has dispelled press reports that he is bankrupt, arguing that a newspaper article stating otherwise was calculated to sully his person and standing. Last week, reports suggested that the High Court had declared Mr Nduna and his wife, Schalastica, bankrupt for failing to pay a…
ROHNERT PARK, Calif., Nov. 27, 2017 /PRNewswire/ — Americans are collectively facing an enormous amount of student debt, and that debt is delaying some major life milestones and financial goals for some borrowers. These can include buying a home or saving for retirement. Ameritech Financial, a document preparation company that helps federal student loan borrowers apply…
Online cash flow lender Waddle has secured a $50 million debt funding facility, as it revealed it almost doubled its lending volume in the last financial year. The software is integrated into popular small business accounting packages like Xero, Intuit and MYOB to be able to look at which invoices are overdue for its customer.…