FILE PHOTO – GM’s Amman speaks at press conference at the North American International Auto Show in Detroit Thomson Reuters By Joseph White DETROIT (Reuters) – General Motors Co President Dan Ammann said on Monday the automaker’s troubled South Korean operations can be a “sustainable, profitable business,” if unions and the South Korean government agree…
Prosenjit Datta New Delhi Last Updated: March 13, 2018 | 14:42 IST As the 12 big cases referred under the Insolvency and Bankruptcy Code (IBC) to the National Companies Law Tribunal (NCLT) approach the 180 day deadline for resolution (though it can be increased by another 90 days), both the loopholes that need to be plugged and the…
Related Articles DETROIT: General Motors President Dan Ammann said on Monday the automakers troubled South Korean operations can be a sustainable, profitable business, if unions and the South Korean government agree quickly on a restructuring.GM has warned Korean officials the unit faces a cash crisis in the first quarter without new funding. Nearly 2 trillion…
Insurance is a unique business. Premiums are priced upfront for risks (claims) that are made (or not) at some stage down the track, for uncertain amounts. There is no business where understanding and managing risk is more critical. If fact, it is the business. The failure of New Zealand-based insurer CBL Corporation (ASX:CBL), a true…
The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) with the Reserve Bank of India (RBI) for effective implementation of the Insolvency and Bankruptcy Code and its allied rules and regulations. The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) with the Reserve Bank of…
Related Story: Doughnut Time’s retail empire crumbles what went wrong? Doughnut Time is getting liquidated despite its new chief executive saying he would buy the company and “turn it around”. Its workers, who are owed more than an estimated $200,000 in unpaid wages, have also been kept in the dark. None…
Policymakers have been struggling to identify ways to deal with America’s staggering student loan debt. As of January 2018, Student Loan Hero estimated total outstanding student loan debt at $1.48 trillion, affecting 44 million Americans. Thanks to this debt burden, young Americans are having difficulty achieving typical financial milestones such as home ownership. Here’s a…
While RBI is the banking regulator, the IBBI regulates insolvency professionals, insolvency professional agencies and information utilities. Photo: Mint Mumbai: The Insolvency and Bankruptcy Board of India (IBBI) on Monday signed a memorandum of understanding (MoU) with the Reserve Bank of India (RBI) for enhancing cooperation between the two regulators to ensure better implementation of…
Policymakers have been struggling to identify ways to deal with America’s staggering student loan debt. As of January 2018, Student Loan Hero estimated total outstanding student loan debt at $1.48 trillion, affecting 44 million Americans. Thanks to this debt burden, young Americans are having difficulty achieving typical financial milestones such as home ownership. Here’s a…
The immovable and movable property and the trade mark of the insolvent Latvian ice cream maker Druva Food has been purchased by Tervete Food company for nearly EUR 1 million, said the company’s insolvency administrator, Daina Zake, reports LETA. She said that Tervete Food had bought Druva Food‘s assets at the auction for EUR 998,203.…