() has entered into an agreement to sell part of its Infusion business to a subsidiary of BTC Health Ltd () for $6.3 million. This will complete the first phase of the Infusion business divestiture. Completion of the sale is subject to certain conditions being satisfied with the sale expected to complete in…
DetailsNEW DELHI: India has begun work on a universal debt relief scheme for small borrowers aimed at micro enterprises, small farmers and artisans, which should be ready for implementation when the next government is in place. Individuals below a specified income and asset threshold will be eligible for debt relief. People with annual income of…
DetailsBarred promoters may soon have legitimate means to regain control of their insolvent assets at the liquidation stage if recent proposals of the Bankruptcy Law Reform Committee are accepted. And while on the face of it this seems contrary to section 29A of the Insolvency and Bankruptcy Code, 2016, experts believe otherwise, pointing out that…
DetailsThe yoghurt company Chobani plans to pay the school lunch debts of low-income families in a small district in the US state of Rhode Island. The district had made headlines by announcing children who owe money would get cold sunflower butter and jam sandwiches instead of a hot meal. The office of Warwick mayor Joseph…
DetailsThe yoghurt company Chobani plans to pay the school lunch debts of low-income families in a small district in the US state of Rhode Island. The district had made headlines by announcing children who owe money would get cold sunflower butter and jam sandwiches instead of a hot meal. The office of Warwick mayor Joseph…
DetailsAustralian coal producerTerraCom (ASX:TER)has rolled out a A$63 million (about $44m) restructuring plan, consisting of a A$35-million capital raise and a $20-million convertible bond to support its growth ambitions. The company, which has two operating mines in Queensland and Mongolia, is launching a fully underwritten entitlement offer priced at 58c per share to raise an…
DetailsThe yoghurt company Chobani plans to pay the school lunch debts of low-income families in a small district in the US state of Rhode Island. The district had made headlines by announcing children who owe money would get cold sunflower butter and jam sandwiches instead of a hot meal. The office of Warwick mayor Joseph…
DetailsDebenhams redesigned beauty hall in its new-look Watford store Debenhams is set to embark on a store closure and business restructuring programme after it won backing from its landlords for a CVA programme that will see it close 22 stores next year. The vote to approve the CVA arrangements was passed yesterday by more than…
DetailsU.S. database giant Oracle Corp. is downsizing its China-based research and development team with hundreds of job cuts as the company seeks to reposition its business and expand further into cloud computing. Oracle announced a restructuring plan focusing on its China R&D operation on a company conference call Tuesday. The plan will involve job cuts…
DetailsDebenhams redesigned beauty hall in its new-look Watford store Debenhams is set to embark on a store closure and business restructuring programme after it won backing from its landlords for a CVA programme that will see it close 22 stores next year. The vote to approve the CVA arrangements was passed yesterday by more than…
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