General Motors will lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles. The reduction includes 8100 white-collar workers, some of whom will take buyouts and others who will be laid off. The…
The pre-Christmas sales are now in full swing and retailers are bombarding us with their so-called too good to miss offers. But now can also be a particularly dangerous time for people being tipped into debts by festive spending which they could spend much of 2019 trying to pay off when bills thud onto doormats.…
Piaggio Aerospace declared insolvency late last week, asking for extraordinary administration that would facilitate restructuring, the company confirmed. Under extraordinary administration, the Italian government will appoint a commissar who will work to guarantee business continuity, a spokesman said. The move comes a year after the financially troubled Italianmanufacturer had outlined a five-year turnaround plan that…
G-20 leaders had one thing on their minds when they gathered in Toronto in June 2010: debt. Their response to the crisis over the preceding three years was effective in stabilizing markets, buttressing the global financial system, and supporting growth through coordinated fiscal stimulus. But these bold actions took their toll. Increased spending, tax cuts,…
The 15th meeting of the CoC of the Corporate Debtor was held on 02.11.2018 The outcome of the meeting is summarized as herein below:1.The RP presented and discussed 3 plans out of four plans, which were found to be compliant with reg and provisions of the IBC, 2016 with the members of the COC. An…
Sub: Notice of 11th Committee of Creditors Meeting Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 – Reg. With reference to the subject cited above, I would like to bring to your kind notice that the 11th Meeting of the Committee of Creditors (COC) of the Company is scheduled…
Each week, CasinoBeats breaks down the numbers behind some of the industrys most interesting stories. This weeks edition looks at diversity within the gaming industry, as well as significant growth for bet365. 2.719m Leading online bookmaker bet365 has confirmed significant growth in its full-year accounts (12-month period to March 2018), recording a 26% increase in…
Digital bank startup Judo Capital has signed a $350 million Credit Suisse debt facility The money will be used to provide further depth to Judos lending of small and medium sized enterprises. In August this year, Judo announced that it had raised $140 million of equity. Fintech Judo Capital, which is seeking a banking licence,…