Business Standard Compamy says net debt down 15% from a peak of Rs 52,290 cr as on April 30, 2020, to Rs 44,308 cr on Dec 31, 2020 TopicsSAIL|Steel Authority of India|Debt Public sector major Steel Authority of India Ltd (SAIL) has managed to reduce its net debt from peak levels over the past eight…
DetailsTheBritish Columbia Lottery Corporation recently conducted the first of two virtual pre-conference sessions, namedBanking on a Different Perspective: The Financial Industrys Role in Safer Gambling.Below is an extract from the webinar sent to Gambling Insider: Financial-services firms are in a unique position to not only support the financial wellbeing of their customers but also their…
DetailsMember Article North East England has retained its unwanted place at the top of the table for personal insolvency in England and Wales for the twelfth successive year. According to the latest annual figures released by the Insolvency Service, there were 34.6 individual insolvencies per 10,000 people in the region in 2019, compared to a…
DetailsAustralian Fashion Labels has entered voluntary administration and is holding urgent talks with a potential buyer, according to administrator Duff & Phelps. The fashion house, co-founded by Melanie and Dean Flintoff, operates labels BKNR, Finders Keepers, C/MEO Collective, Keepsake and The Fifth Label. According to Marcus Ayres, partner at Duff & Phelps, the business employees…
DetailsNetherlands star Royston Drenthe, who featured for Real Madrid in his prime has finally found a club to play for just weeks after declaring that he is bankrupt. Still just 33-years-old, Drenthe was declared bankrupt by a Dutch court in December. The Dutchman looked to have a bright future after his stints at Real Madrid…
DetailsA steep increase in corporate failures is expected in the coming weeks as debt holidays introduced during COVID-19 come to an end. In December there were 46 company liquidations and five administrations across Queensland with high profile closures including national lingerie retailer Big Girls Don’t Cry (Anymore), Noosa eatery Madmegs & Co and a key…
DetailsIf Schalke don’t beat Hoffenheim at home on Sunday (AEDT), it will tie Tasmania’s league record of 31 consecutive games without a victory from the 1965-66 season – a record Tasmania are very proud of. Indeed, so proud that they’ve even gone so far as to describe themselves as “historic Bundesliga chokers” on their Twitter…
DetailsAdelaide-based fashion retailer Australian Fashion Labels has collapsed into voluntary administration, putting 57 jobs at risk as the COVID-19 pandemic continues to put pressure on Australias retail sector. Marcus Ayres and Brett Lord of Duff and Phelps were appointed as voluntary administrators of the business on Wednesday and are now seeking a buyer or the…
DetailsWhen a young man walked into a payday lender in Tbilisi and took 19 people hostage on November 20, brandishing what appeared to be a rifle and hand grenades, it looked at first glance like a simple robbery. But the would-be robber, 31-year-old carpenter Levan Zurabashvili, did not ask for money. Instead, he demanded the…
DetailsBy Reuters Staff 2 Min Read FILE PHOTO: Malaysia Airlines planes are seen parked at Kuala Lumpur International Airport, amid the coronavirus disease (COVID-19) outbreak in Sepang, Malaysia October 6, 2020. REUTERS/Lim Huey Teng KUALA LUMPUR (Reuters) -The parent company of Malaysia Airlines said on Thursday it was nearing the end of a debt restructuring…
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