Rising domestic demand coupled with slack utilization rates will help debt-burdened India Inc to draw some relief over the next two years as earnings will grow faster than debt, enabling them to meet higher demand without further investments, says a report. “We foresee a profit upcycle for India Inc, as revenues expand but capital expenditure…
DetailsDebt consolidation loans are appealing as they will help you to get the most out of paying off many debts. There are five great points about these loans that make them so indispensable and necessary for your life. 1. It is easier for you to manage your debts with a debt consolidation loan. The…
DetailsThe National Company Law Appellate Tribunal (NCLAT) on Wednesday, July 25, 2018 resolved the stay order against Chennai based, Shriram EPC in connection with a petition filed by ACRE (Asset Care & Reconstruction Enterprises) under Corporate insolvency Resolution process of the corporate debtor. The NCLAT accepted the stand that there was no default on…
DetailsIn probably the first petition to be filed after an ordinance brought homebuyers on par with financial creditors, an investor has moved the National Company Law Tribunal, Delhi, seeking to initiate corporate insolvency resolution process in respect of a builder who not only failed to handover possession of residential unit despite missing the deadline five years…
DetailsKUALA LUMPUR (BERNAMA) – The staff at Malaysia’s national palace, the Istana Negara, on Friday (July 27) banded together to launch the collection of funds to help pay the country’s national debt. Comptroller of the Royal Household Wan Ahmad Dahlan Ab Aziz said the launching of the Tabung Harapan Malaysia (THM) at the Istana Negara was a…
DetailsThe number of people declared insolvent hit a six-year high in the three months to June as the squeeze from high inflation, meagre wage rises and benefit cuts hit the finances of low-paid workers. Individual insolvencies totalled 28,951 in the second quarter, a jump of 4.4% on the previous quarter and 27.3% on the same…
Detailsnew Alex Ralph BTs adjusted earning rose, helped by restructuring-related cost savings and bigger margins on its EE mobile phone handsetsPHIL NOBLE/REUTERS The biggest overhaul in a decade at BT has begun to be felt with job cuts reducing costs and boosting first quarter profit. Gavin Patterson, the outgoing chief executive, said plans to transform…
DetailsThe biggest overhaul in a decade at BT has begun to be felt with job cuts reducing costs and boosting first quarter profit. Gavin Patterson, the outgoing chief executive, said plans to transform the telecoms groups operating model had led to the reduction of about 900 roles and improved its cost performance. Adjusted earnings rose…
DetailsIn hindsight, Chapman says the advisor was the king of bullshit. According to the National Personal Insolvency Index, Navra had been bankrupt for nine months from September 2001 before the bankruptcy was annulled after his debts were settled. By May 2009, Great Southern had collapsed, leaving Chapman – and thousands of others – with almost…
DetailsNEW DELHI: Devendra Jain was abducted one muggy Mumbai afternoon last September, whisked away in a car by angry investors of an insolvent firm he was tasked with reviving. The chartered accountant says he stood outside the firms midtown office that day, by a bustling main street. Suddenly a group of investors walked up, demanding…
Details