HYDERABAD: The Supreme Court has stayed insolvency proceedings at Mack Soft Tech, an Indian subsidiary of Irish business group Quinn that owns Q-City, an IT park in Hyderabad housing offices of Amazon, Mytrah Energy and TCS, among others. The top court bench comprising Justice Rohinton Fali Nariman and Justice Indu Malhotra on Monday stayed the…
Almost everyone dies owing at least some debt. Sometimes its only last months ordinary bills plus final medical expenses. But there can be shocking surprises for survivors debts unknown to the children and even to the spouse of the deceased. Heirs might discover large credit card balances, undisclosed home equity loans or gambling debts. Creditors…
When Under Armour (NYSE:UA)(NYSE:UAA) told investors in late July that the cost of its ongoing business restructuring would be higher than initially expected, shares plunged more than 13% over the next few days in response. Early Thursday, however, the performance apparel and footwear specialist increased the price of that restructuring yet again — only this…
This week print-lovers everywhere mourned the loss of one of fashions brightest brands as the news broke that Orla Kiely had collapsed into administration. The 1970s-inspired label was renowned for its quirky floral and graphic prints and boasted the Duchess of Cambridge and Alexa Chung as loyal fans. … Read the full article at: https://www.independent.co.uk/life-style/fashion/orla-kiely-where-to-buy-liquidation-ebay-homewares-outlet-a8546461.html
The Campaign Against Impunity (CAI), a non-governmental organisation, has called on regulators in the countrys oil and gas, and maritime sectors to intervene in the alleged liquidation of Sea Trucks Group (STG), an indigenous company, by some expatriates. CAI has written to major actors and regulators in the sectors such as Nigerian National…
Under Armour said Thursday that it will spend $US10 million on severance payments not previously reported as it works to reduce its global workforce by 3% Its the second round of layoffs in the past year for the struggling athletic brand, which cut about 140 jobs at its Baltimore headquarters last August, when it first…
NEW YORK (Reuters) – New Yorks attorney general on Thursday sued 10 companies and two executives over their alleged roles in a scam to induce thousands of struggling borrowers into buying student loan debt relief services that they could have received for free. Barbara Underwood, the attorney general, said defendants typically charged more than $1,000…
A German-based investment fund will take over high-profile yacht builders Bavaria. A private equity fund advised by the Berlin-based investment company CMP Capital Management-Partners will acquire the entire business of Bavaria Yachtbau, the German-based builder of motorboats, sailboats and catamarans, and continue operations of the company. It will also acquire all shares in its French…
There are a lot of differences between refinancing and consolidating debt. This is what you need to knowShutterstock When it comes time to make a change to the structure of your business debt, you have a few options available to you as a small business owner. Each aims to make your debt less of a…
A German-based investment fund will take over high-profile yacht builders Bavaria. A private equity fund advised by the Berlin-based investment company CMP Capital Management-Partners will acquire the entire business of Bavaria Yachtbau, the German-based builder of motorboats, sailboats and catamarans, and continue operations of the company. It will also acquire all shares in its French…