SEATTLE (AP) The U.S. online retailer Zulily is closing down, surprising customers and laying off hundreds of workers after efforts to salvage the business failed. The Seattle-based company said in a notice on its website that it had tried to fill all pending orders and expected to manage that within the coming two weeks. Zulily…
DetailsCabinet to consider possibility of liquidation of State Lottery Company AKIPRESS.COM – Chairman of the Cabinet of Ministers Akylbek Japarov heard the annual work reports of the state enterprises and joint-stock companies. The Cabinet Chairman slammed work of the State Lottery Company, which has been lossmaking for 2 years. “Why the state should support the…
DetailsAxis Bank has approached the National Company Law Tribunal (NCLT) with a plea seeking insolvency proceeding against Zee Learn, said the education services provider in a regulatory filing to the stock exchanges on December 26. “This is to inform you that a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 has been…
DetailsWith a debt management plan, a credit counselling agency creates a plan to get you out of debt. However, while these plans can be a lifesaver if you’re struggling, they’re not for all those who do. Image Credit: Shutterstock Dubai: If you’re in debt and struggling to find your way out, you’ve probably spent a…
DetailsAxis Bank (Photo: Bloomberg) Private lender Axis Bank has filed a plea before the National Company Law Tribunal (NCLT) seeking insolvency proceedings against Zee Learn, the education services provider said on Wednesday. Zee Learn disclosed in an exchange circular that it had received a notice from the Mumbai bench of NCLT. “A petition under Section…
DetailsEducation company Zee Learn Ltd on Tuesday (December 26) said private lender Axis Bank Ltd has filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition aims to initiate the corporate insolvency resolution process (CIRP) for Zee Learn before the National Company Law Tribunal (NCLT) in Mumbai. The company is…
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DetailsAs soon as Josu Henriquez turned 18, he applied for a credit card. He wanted to start building his credit so he could one day finance the purchase of a car or home. “I was told it was the only way I could start my credit in this country,” he says, having relocated to the…
DetailsThe anticipated completion of Yandex’s restructuring, a Nasdaq-listed Russian tech company is likely to be postponed until early 2024, Reuters reported. Often dubbed Russia’s Google, Yandex has been in talks with the Kremlin for over a year to separate its Russian businesses from its Dutch parent company, Yandex NV. The restructuring, initially set for December, is…
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