In a setback for Ultratech, the Supreme Court on Friday refused to allow out-of-court settlement for Binani Cement bankruptcy case. UltraTech Cement had informed the stock exchanges that it had obtained the Competition Commission of India’s (CCI) approval for its bid for the under-debt company and the company claimed the…
Reserve Bank confirms resilient financial system Financial Stability Review Reserve Bank Financial Stability Review: The Reserve Bank has handed down the latest review of the financial system. The Australian financial system remains resilient and its ability to withstand adverse shocks continues to be strengthened. Household borrowing risks ease: Concerns about riskier types of new housing…
ASIC cancels Octani Capital’s licence – InvestorDaily ASIC cancels Octani Capital’s licence Latest News Perth-based corporate advisory practice Octani Capital has had its Australian financial services licence cancelled by ASIC. By Reporter … Read the full article at: https://www.investordaily.com.au/regulation/42846-asic-cancels-octani-capital-s-licence
Nostalgia hasn’t translated into dollars in a long-shot effort to crowdfund a future for Toys R Us. Neither did efforts to recruit other toy makers. A campaign led by a billionaire toy executive who pledged $200 million with other investors in hopes of saving part of the bankrupt chain has foundered, with only $59,000 more…
Reserve Bank confirms resilient financial system Financial Stability Review Reserve Bank Financial Stability Review: The Reserve Bank has handed down the latest review of the financial system. The Australian financial system remains resilient and its ability to withstand adverse shocks continues to be strengthened. Household borrowing risks ease: Concerns about riskier types of new housing…
By: ENS Economic Bureau | New Delhi | Updated: April 13, 2018 3:18:18 am Supreme Court of India Binani Cements insolvency resolution could become a test case for the Insolvency and Bankruptcy Code (IBC), with the Supreme Court slated to start hearing the arguments in this case Friday. While the Committee of Creditors had earlier…
Your Gen X clients may be tech savvy, but statistics show they are also carrying the highest debt burden of any generation. As their CPA, are you helping clients across all generations manage their debt? Considering non-mortgage debt, specifically credit card and student loan debt, they averaged $ 23,000 in 2017, up 15 percent from $20,000…
ASX-listed BPS Technology has officially relaunched as IncentiaPay as the financial payments company embarks on a landmark company transformation. In a market update this week, the Gold Coast based company, who owns international trade exchange Bartercard and the well-known Entertainment Book of discounts, said the move was part of its efforts to diversify into new…
A horticulturist who owned a family-run plant nursery for seven years has been given a 14 year ban by the Government. Fintan Noel Arrowsmith, from Sleaford, has had restrictions imposed on him from February 7, 2018, to February 6, 2032, meaning he cannot be a director of a company for 14 years and must declare…
The financial affairs of controversial KwaZulu-Natal businessman Sunny Gayadin and how he managed to fund failed litigation over the ownership of Durbans Natal Command will come under scrutiny now that his company Giant Concerts has been placed in final liquidation. Gayadin died in May 2017. His body was found with a gunshot wound to his…