World leaders attending the G20 summit in New Delhi which starts tomorrow must substantially increase international assistance and provide debt relief to vulnerable states to help deliver urgently needed climate justice and avoid a potentially catastrophic failure to safeguard human rights, Amnesty International said today. Amnesty International is calling on G20 leaders to deliver on…
Nourish Foods has entered voluntary administration after an investment deal with a major retailer collapsed. The healthy snack company had stalled its third equity raise to pursue the agreement. Nourish Foods co-founder and CEO Monica Meldrum. In a letter to investors, founder and CEO Monica Meldrum said, After 18 years of trading and leading the…
ROANOKE, Va. (WDBJ) – A new Better Business Bureau study finds that as people in North America struggle to pay trillions of dollars in debt, some are turning to companies promising to help reduce their bills or fix their credit scores. Some of these companies make big promises but rarely deliver, leaving people further in…
Companies International Monetary Fund Follow WASHINGTON, Sept 7 (Reuters) – The International Monetary Fund and World Bank on Thursday issued a rare joint statement pledging to step up their cooperation to address climate change, debt vulnerabilities and countries’ digital transitions. The statement, released ahead of a G20 leaders summit in India this week, said the…
New Delhi: The regulatory framework for professionals valuing the assets of distressed companies will continue to be strengthened as a decision on whether to salvage an insolvent business or to liquidate it depends on the valuation of its assets, the ministry of corporate affairs said in its latest monthly update. The ministry said that the…
1 NEWS It comes as the Reserve Bank warns of rising building costs. (Video first published May 26, 2022) In recent months, there have been a number of stories about companies going bust and taking customer deposits with them. All Black TJ Perenara was expecting to lose up to $40,000 he paid as a deposit…
September 7, 2023 Washington, DC: Kristalina Georgieva, Managing Director of the International Monetary Fund, and Ajay Banga, President of the World Bank issued today a joint statement: The world confronts significant economic challenges, the existential threat of climate change as well as a digital transition, all in the context of more frequent shocks, high debt…
ST. PAUL, Minn. (GRAY) The federal freeze on student loans is over, which means next month, millions will resume payments for the first time in years. As people look for ways to ease the hit, Minnesota Attorney General Keith Ellison is cracking down on debt-relief fraud. We at the Minnesota Attorney Generals office opened up…
Business Highlights Company continued to advance L4 autonomous technology and capabilities globally. Global patent portfolio increased 34%, from the beginning of 2022 until the ending of 2022, at 519 patents granted globally. As of June 30 of this year, approximately 70 new patents have been granted to the company. Achieved more than 10 million cumulative…
NCLAT’S JUDGMENT IN SVA FAMILY TRUST & ORS. V. UJAAS ENERGY LIMITED & ORS. The Supreme Court’s judgment in Lalit Kumar Jain v. Union of India & Ors.1 made clear that the resolution of a corporate debtor under the Insolvency and Bankruptcy Code, 2016 (IBC) does not automatically discharge the guarantors of the corporate debtor…