This June marks an opportune time to start erasing your debt. Getty Images The start of a new month is always an opportune time to reflect on what’s been working and adjust what hasn’t. This sort of reflection can take many forms but is particularly helpful when viewed through a financial lens. With inflation persistent if…
DetailsPTI | Jun 03, 2024 09:39 PM IST Share Via Copy Link The Allahabad bench of the tribunal has also dismissed the merger of Jaiprakash Associates Ltd with Jaypee Infrastructure Development Ltd New Delhi, June 3 (PTI) The National Company Law Tribunal (NCLT) on June 3 directed to initiate insolvency proceedings against debt-ridden Jaiprakash Associates…
DetailsCalAmp develops business software designed to track vehicles and improve company logistics. (CalAmp via YouTube) [Stay on top of transportation news: Get TTNews in your inbox.] CalAmp Corp., which develops business software designed to track vehicles and improve company logistics, has filed bankruptcy to complete a lender-backed plan to cut debt. Publicly traded CalAmp filed…
DetailsShamed Australians shun financial help for debt struggles By Tess Ikonomou PERSONAL FINANCE Shamed Australians shun financial help for debt struggles Almost six million Australians are struggling to make loan and debt repayments, but many are too ashamed to ask for help. The latest research released by the Moneysmart website, which is run by the…
DetailsThe management consultancy Falkensteg reports that it carried out the acquisition process between the Turkish investor and Pepper Motion and specifies that the unnamed buyer will take over the companys operational capacities in Germany and the development expertise for modular electric and hydrogen drives. Pepper Motion specialised in zero-emission drive kits for new and existing…
DetailsJAL was part of the Reserve Bank of India’s list of 26 big loan defaulters to commercial banks for initiating bankruptcy proceedings in August 2017. 3 min read Last Updated : Jun 03 2024 | 7:15 PM IST The National Company Law Tribunal (NCLT) on Monday directed to initiate insolvency proceedings against debt-ridden Jaiprakash Associates…
DetailsThe logo of the tour operator FTI (FTI Group) is on the company headquarters in front of a travel agency. German travel group FTI Touristik GmbH, the parent company of the FTI Group, Europe’s third-largest tour operator, has filed for insolvency. dpa German travel group FTI Touristik GmbH, the parent company of the FTI Group,…
DetailsThe widow of underworld figure Carl Williams has been declared bankrupt by the Federal Court, after it was reportedly revealed there was almost $300,000 owing in unpaid taxes. The court on Tuesday ordered that the estate of Roberta Merieca Williams be sequestrated, following an application by the deputy commissioner of taxation. Carl Williams widow Roberta…
DetailsEuropean tour operator FTI Touristik has filed for insolvency at a court in Munich, Germany. The company, one of the largest tour operators in Europe, said the FTI Touristik brand is directly affected but that insolvency filings will follow for other group companies. Windrose Finest Travel will continue operations. The news comes weeks after FTI…
DetailsOne in fifteen European companies are facing significant pressure to restructure this year after being hit by higher financing costs and weakening consumer demand, with Germany, Austria and the Nordics particularly under strain, according to a report by Boston Consulting Group. Around a third of businesses in Germany and Austria also face what BCG dubs…
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