, ET Bureau| Jan 09, 2018, 07.13 PM IST A consortium of Aion Capital Partners and JSW Steel had emerged as the sole bidder for Monnet. MUMBAI: The Mumbai bench of NCLT on Tuesday granted the resolution professional of debt ridden steel company Monnet Ispat and Energy an extension of 90 days to complete its…
Jan 09, 2018 Newsdesk Latest News, Macau, Top of the deck   Macau VIP gross gaming revenue (GGR) growth has slowed since mid-December, says a Monday memo from investment bank Credit Suisse AG, noting that the high roller trade typically accounts for 30 percent of casino operator earnings before interest, taxation, depreciation and amortisation (EBITDA).…
PTI| Updated: Jan 09, 2018, 07.20 PM IST The company said in a BSE filing that the RP has on close of business on January 4, 2018 received 4 resolution plans. NEW DELHI: Debt-laden Electrosteel today said four companies including Vedanta and Tata Steel have submitted bids to its Resolution Professional (RP), under the insolvency…
Fashion retailer Cue is set to become the first major bricks and mortar retailer in the country to offer free three-hour delivery throughout Australia, as more and more retailers are forced to invest in innovative logistics solutions to compete with online shopping giants. The move by Cue comes on the back of a better than expected Christmas and…
January 4 2018, 12:01am, The Times Ross Maguire Once lawyers get hold of a system there will inevitably be unnecessary delays and expenses The new personal insolvency system had some spectacular successes last year. It was set up to deal with unsustainable personal debt in Ireland, which in the main means mortgage debt, particularly on family…
Jan 09, 2018 Newsdesk Latest News, Macau, Top of the deck   Macau VIP gross gaming revenue (GGR) growth has slowed since mid-December, says a Monday memo from investment bank Credit Suisse AG, noting that the high roller trade typically accounts for 30 percent of casino operator earnings before interest, taxation, depreciation and amortisation (EBITDA).…
Harriet Agnew January 9, 2018 Shares in Altice NV rose sharply on Tuesday morning following an announcement late on Monday of a wide-ranging organisational shake-up and restructuring of the struggling global telecoms group. Altices shares rose over 10 per cent in early trading as the market welcomed the news that it will spin off its…
Austin ISD serves about 80,000 meals a day, including about 700 to students who are far enough behind in paying for their lunches that they receive a courtesy meal that the district absorbs into its operating costs. Ralph Barrera/AMERICAN-STATESMAN Students who cant pay for their lunch has always been an issue, but its on Americans…
By Varun Marwah & Zacarias Kanjirath Joseph Introduction In yet another landmark judgment for the bankruptcy regime in India, the Bombay High Court has ruled that an Application under the Insolvency and Bankruptcy Code, 2016 (IBC) may be made even in cases where a Winding-Up petition has been admitted by a Company Court. Such an…
The Reserve Bank of India on Monday knocked on the doors of the Supreme Court (SC) with a plea to start insolvency proceedings against infrastructure major Jaiprakash Associates Ltd (JAL). The firm has been embroiled in a Rs 29,000 crore debt case. According to a report in Moneycontrol.com, more than 25,000 people who had bought homes constructed…