Vrgin Australia is expected to remove free food and drinks from economy class and potentially adopt a ‘buy on board’ model when new owners Bain Capital reveals its plans for the rescued and rebooted airline next month The move is part of a sweeping push to lower Virgin’s cost base and reduce ticket prices framed…
DetailsThomas Knowles was born in 1782 in Hythe, Kent, and went on to work as a servant in London. He was declared insolvent in 1819 and 1825, before finally being admitted to debtors prison for several months in 1829. William Hole, who was also born in Hythe, in 1793, worked as an apprentice before moving…
DetailsPuducherry CM V Narayanasamy PUDUCHERRY: The Puducherry government has urged the Union government to ban online gambling platforms and apps. Chief minister V Narayanasamy told reporters that he has written a letter to the Union communications, electronics & information technology and law & justice minister Ravi Shankar Prasad urging him to ban online rummy and…
DetailsMumbai, Oct 21 (PTI) Private broadcaster Zee Entertainment Enterprises Ltd (ZEEL), which has been facing cash flow issues for over a year, on Wednesday unveiled a major strategic restructuring involving its key talent and integrated various business and content verticals with a focus on revenue maximisation and entering newer territories. Major part of restructuring is…
DetailsBanks are not taking enough risk if no loans ever go bad after all banks are in the business of providing risk capital at an appropriate price. But given a certain proportion of loans will go bad, how should banks provide for them in their accounts without knowing exactly which ones will tip over? “Businesses…
DetailsInvestors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return since Sept. 23, 2010 is 276.8%. On that day in history, movie rental giant Blockbuster officially declared bankruptcy, officially marking the changing of the guard in video entertainment to Netflix, Inc. (NASDAQ: NFLX)…
DetailsBoris Becker steps out for dinner a day before his first court hearing for ‘hiding a Chelsea flat and 1.2m in cash’ amid bankruptcy in 2017… for which he faces SEVEN YEARS in jail Becker is accused of failing to fully declare his estate to Insolvency Service High Court has imposed restrictions on Becker’s finances…
DetailsPeople with lived experience of gambling harms joined researchers and other public health advocates to call for action on the predatory gambling industry during a landmark event this week. The inaugural virtual #CroakeyGO, sponsored by the Alliance for Gambling Reform, provided a platform for listening and sharing peoples stories during Gambling Harm Awareness Week in…
DetailsNEW DELHI: The Dhoot family has offered to pay Rs 30,000 crore to lenders to settle their outstanding loans and pull out 13 Videocon group companies from the insolvency proceedings. A proposal for paying the amount has been forwarded to the Committee of Creditors (CoC) of the Videocon Industries, Venugopal Dhoot told . Venugopal Dhoot…
DetailsBanks are not taking enough risk if no loans ever go bad after all banks are in the business of providing risk capital at an appropriate price. But given a certain proportion of loans will go bad, how should banks provide for them in their accounts without knowing exactly which ones will tip over? “Businesses…
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