New Delhi: March 15, 2016, DHNS Finance Minister Arun Jaitley on Monday urged the Opposition to help pass bankruptcy and insolvency laws in Parliament, in absence of which, the government was unable to get a firm handle on the long pending issue of non-performing assets (NPAs), and wilful defaulters. The country needs bankruptcy and insolvency…
India foreign direct investment (FDI) remains healthy while competitive federalism, the devolution of economic resource allocation and decision-making to the states is producing results said Adrian Lim, senior investment manager at Aberdeen Asset Management. In an interview to ET he said though corporate earnings growth has been stalling there have been signs of resilience among…
Insolvency firm Begbies Traynor has won a major new insolvency services contract with the Northern Ireland governments Department of Enterprise, Trade and Investment (DETI). Begbies said the contract will be managed by its Scotland and Northern Ireland operation, who will help the DETI manage historically high levels of both corporate and individual insolvency. Begbies said…
By Mark Kleinman, City Editor The Co-operative Bank has kicked off a search for a new chief executive nearly three years after its current boss was parachuted in to rescue it from the brink of collapse. Sky News has learnt that the Co-op Bank’s board has begun a process of identifying potential successors to Niall…
LONDON–(BUSINESSWIRE)– This announcement is for our U.S.$5,000,000,000 Euro Medium Term Note Programme Dissolution and liquidation of a subsidiary company Mitsui & Co., Ltd. (“Mitsui”; head office: Tokyo; President and CEO: Tatsuo Yasunaga) announced its subsidiary, Mitsui & Co. Texas Chlor-Alkali, Inc. resolved to dissolve the business and will complete the liquidation as follows. 1. Company…
NEW DELHI: India needs to have an appropriate policy intervention as well as process to resolve non-performing assets (NPAs) of companies that are genuinely not able to repay their loans, Minister of State for Finance Jayant Sinha said on Sunday, while reiterating that the government is committed to punish the willful defaulters. Speaking at the…
By: ENS Economic Bureau | New Delhi | Published:March 14, 2016 12:38 am Finance Minister Arun Jaitley and IMF MD Christine Lagarde on the concluding day of the Advancing Asia: Investing for the Future conference, in New Delhi on Sunday. Amit Mehra The government hopes to pass the Constitution Amendment Bill for Goods and Services…
Mallya has no option but to return since cancellation of his passport will get him deported As part of the governments three-part plan to address stressed assets of public sector banks, structural issues would be dealt with to avoid recurrence of these problems, whether wilful or due to policy paralysis or business challenges, in future.…
Defaulting promoters, wilful or otherwise, are known to hide behind the shield that the law provides, treating a company as a separate legal entity, distinct from its promoters, other shareholders, and directors. Following the doctrine of limited liability, the law recognises that the liability of the shareholders of a company is limited…
PORT OF SPAIN, Trinidad, (CMC) Prime Minister Dr Keith Rowley Saturday said that his administration views as punitive and disrespectful in the extreme the decision by ArcelorMittal Point Lisas, a subsidiary of the worlds leading steel and mining company, to end its operations here and send home more than 600 employees. It is…