IVRCL was locked at 5% upper circuit at Rs 6.15 at 14:36 IST on BSE after the company announced that its lender, State Bank of India has initiated corporate insolvency resolution process against the company. The announcement was made during market hours today, 11 January 2018. Meanwhile, the S&P BSE Sensex was up 24.39…
KOLKATA | MUMBAI: Visa Steel, which was taken to the National Company Law Tribunal (NCLT) on January 5 by lead lender State Bank of India for defaulting on Rs 3,600 crore of loans, is pursuing a resettlement plan with its bankers. The proposal includes selling its loans to asset reconstruction companies. “While SBI has filed…
David Schwartz will speak at a Central Gippsland Cricket Association event next week about the perils of gambling addiction. file photograph The Central Gippsland Cricket Association will roll out the welcome mat for former AFL great David Schwarz next week when he visits the Latrobe Valley to talk about the perils of gambling addiction. The…
Tokyo (AFP) – As Japan celebrates the year of the dog, electronics giant Sony on Thursday unleashed its new robot canine companion, packed with artificial intelligence and internet connectivity. Old dog, new tricks: Sony unleashes ‘intelligent’ robot pet The sleek ivory-white puppy-sized “aibo” robot shook its head and wagged its tail as if waking from…
Pay off your Christmas credit card debt with no interest until 2020. Now that the festive season is well and truly over, many Aussies have kicked off the new year with a whole lotta debt. According to a forecast of Reserve Bank of Australia (RBA) data analysed by finder, Aussies borrowed a collective $29 billion…
Absas liquidation of Markus Joostes company Mayfair Speculators is likely to see his friend Christo Wiese take a R200m fall, Moneyweb reported on Thursday. Court papers filed by Absa said the bank was made aware on December 8 that Jooste had left Mayfair insolvent with R1bn in liabilities against R350m assets by transferring other assets…
Sad news for those of us that have been around a while, I have had several Hobbico models and many many bits and pieces from them over the years. The NexSTAR model in RC Simulator RealFlight must have launched a thousand hobbyists. Hobbico announced today that they are filing for restructuring under Chapter 11 of…