Debt-free is the new American dream (Source: Shutterstock) According to the latest data from the NY Fed, total consumer debt is now at an all time high of $13.2 trillion. That equates to an average of over $40,000 owed by every single American across mortgages, student loans, auto loans, and credit cards. So much debt…
DetailsImpala Platinum the worlds second-largest platinum miner is cutting its future production to 520000oz of platinum and slashing the number of its mines to six from 11 with 13000 jobs to go within two years. Implats is the latest mining company to announce a major restructuring shaft closures and job cuts to cope with a…
DetailsIn continuation to our earlier letter dated 31st July, 2018, we are enclosing herewith the copy of order dated 31st July, 2018 as passed by Honble NCLT, Principal Bench, New Delhi approving the resolution plan as submitted by Mr. Deepak Chaganlal Choudhari and Mr. Jitendra Kumar Chopra being the Resolution Applicants for Amit Spinning Industries…
DetailsScroll back a few months, to October last year. Monarch, one of the UKs biggest holiday airlines, went bust. For a few days there was chaos: 110,000 people were stranded abroad; hundreds of thousands more, who had booked and paid for future departures, were left without tickets. The CAA, to its credit, and at a…
DetailsOne customer was a debt collector that threatened to jail people if they didn’t pay back loans that they never took out. Another was an offshore gambling operation that hid bets behind innocuous-sounding websites, including one dedicated to orange cats. A third was a phone-sex business catering to men with diaper fetishes or fantasies of…
DetailsAfter making a decision on whether bankruptcy is the right option, there are forms and fees to submit. It costs a total of £680 to apply to go bankrupt, and this is non-refundable unless the application is cancelled before being submitted. Citizens Advice suggest withdrawing money for living costs before submitting the final application. Once…
DetailsImplats now employs 40,000 people to produce 750,000oz of platinum a year. Implats has already started the restructuring process and reduced its workforce from 42,300 in 2017. At 520,000oz it will fall below equally troubled Lonmin, which produces about 650,000oz of platinum a year. Lonmin, which is the takeover target of Sibanye-Stillwater, is in the…
DetailsStudent debt is a $1.48 trillion burden that financially hobbles millions of Americans, especially young ones, as they try to save for retirement and make major purchases likes homes or cars. But a nascent movement is underway in some corners of Corporate America to help workers carrying that burden. For instance, Abbott Laboratories plans next month…
DetailsDisclosure of information- Reg. 30 of SEBI (LODR) Regulations, 2015 Further to our earlier intimation, please be informed that yesterday i.e., on 1st August 2018 Company has received certified copy of NCLT order dated 25th July 2018. Pursuant to said order, Mr. Jitendra Kumar Yadav having address at 11, Singh House, 28th Floor, 23 Ambalal…
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