Yandex N.V.YNDX, often described as Russias Google, sought Vladimir Putins permission to sell its operations in the country, spin off its main international projects and appoint a longtime confidant of the Russian president to manage its relationship with the Kremlin. Yandex informally enlisted top economic official Alexei Kudrin to win the Russian presidents approval, in…
Details5 spectacular Indian failures that warns about the perils of excessive debt | Unsplash – Melinda Gimpel According to government data, in June this year, as many as 1,999 cases of corporate insolvency resolutions process were ongoing under the insolvency law. In total, the Insolvency and Bankruptcy Board of India (IBBI) have received 6,231 complaints…
DetailsBANGKOK, Nov 25 (Reuters) – Thai Airways International PCL (THAI.BK) said on Friday that Chai Eamsiri would become the company’s chief executive officer from Feb. 1, as it proceeds with a pandemic-driven restructuring plan. Chai, currently the firm’s chief financial officer, was chosen for the top job from 53 internal and external candidates, the company…
DetailsIts been pretty fraught for everyone in the mortgage market over the past month or so, albeit with a slightly morestable period, hopefully, now emerging. However, with rates settling at much higher levels than consumers have been used to, there are principles and actions that may make sense for some of your most difficult-to-help clients,…
DetailsThe Russian entity of mobile developer Game Insight has been officially declared bankrupt. In addition to that, a criminal case has been opened against its leadership, with the company owing millions to its former employees. What is known about Game Insight Russias bankruptcy? As reported by Russian newspaper Izvestia, the Moscow Arbitration Court issued a…
DetailsIn two separate orders, the Mumbai bankruptcy court dismissed Canara Bank‘s petition to admit GTL Infrastructure and GTL Ltd for corporate insolvency. The two-member bench relied on the Supreme Court‘s order of Vidarbha Industries Power for GTL Infra and the failure of lenders to adhere to the central bank’s guidelines for GTL, according to the…
DetailsKENYA Kenyas public universities could benefit from debt relief to help them cope with pressing financial pressures and save them from imminent shutdown. This follows a push by the Universities Fund (UF) the agency that manages the financing of public universities on behalf of the government to have the debts renegotiated to ease repayment obligations.…
DetailsECHO BAY, Ontario–(BUSINESS WIRE)–Springer Aerospace, a full-service aircraft maintenance, repair and overhaul business in Echo Bay, Ontario, announced it has commenced restructuring proceedings under the Companies Creditors Arrangement Act to restructure its operations and financial affairs. The facilities are located at the companys privately owned airport at Bar River, just 15 km east of Sault…
DetailsIn two separate orders, the Mumbai bankruptcy court dismissed Canara Bank‘s petition to admit GTL Infrastructure and GTL Ltd for corporate insolvency. The two-member bench relied on the Supreme Court‘s order of Vidarbha Industries Power for GTL Infra and the failure of lenders to adhere to the central bank’s guidelines for GTL, according to the…
DetailsMarking his second feature film as a director, Russell Crowe’s buzzed-about new crime thriller, Poker Face, is slated for a showdown on November 16, 2022. The film traces a tech billionaire’s ultra-high-stakes private poker game, where bluffs, tells, and duplicitous turns lead to a brazen heist. Unlike some best-made poker and card-playing movies like The…
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