Photo: Rawpixel, Bigstock If you have ever dealt with debt issues, then you know how it can make your life stressful and challenging. Getting over a significant amount of debt can be a tedious and long process. However, irrespective of your current situation, getting back your financial health is important. If you are handling many…
DetailsState-run Bank of India (BoI) today said it has entered into an agreement with National E-Governance Services (NeSL) for information utility (IU) arrangement under the Insolvency and Bankruptcy Code (IBC). As per the agreement, BoI will avail NeSL service to expedite corporate insolvency resolution process. Under the IBC 2016, IU is proposed to offer services…
DetailsThomas Cook (India) today said its board has approved corporate restructuring, subject to regulatory approvals, through composite scheme of arrangement and amalgamation, aimed at streamlining its businesses into four key verticals. The verticals include, travel (outbound, domestic, business travel and MICE), foreign exchange, destination management services and portfolio investments such as Sterling Holiday Resorts, the…
DetailsStars Group Inc. soared to a record high on expectations that its $4.7 billion purchase of Sky Betting & Gaming will turn the online poker giant into a major sports-betting player that could use its European foothold to cross the Atlantic if the U.S. market fully opens. The Toronto-based operator of PokerStars, which announced the…
DetailsAustralian and Irish police have exposed a major drug trafficking network involving one of Irelands most notorious crime groups the Kinahan cartel. The two-years long operation has led to the arrests of four Irish in Australia and New Zealand, the Sydney Morning Herald reported Sunday. Dublin Bay (From: Pixabay)Through raids all over the greater Dublin…
DetailsPeter Campbell, Motor Industry Correspondent in London April 23, 2018 Print this page Hyundai should carry out a fundamental restructuring, appoint fresh board members and significantly increase dividends, Elliott Advisors has said under a proposed plan to bring much needed improvements to the Korean carmaker. The activist fund run by Paul Singer declared a $1bn…
DetailsShares of toy maker Hasbro plummeted in premarket trading Monday after the company posted weaker-than-expected earnings following the liquidation of Toys R Us. “As we discussed earlier in the year, our first quarter was expected to be difficult,” CEO Brian Goldner said in a statement Monday. “We are working to put the near-term disruption from…
DetailsOutsourcing group Capitas shares rose at the open despite the firm reporting widening losses as it unveiled plans to raise £701m to fund a restructure. The company, which carries out disability benefit assessments on behalf of the government and also runs the London congestion charge scheme, posted a 4 per cent drop in revenue to £4.12bn…
DetailsState-run Bank of India (BoI) today said it has entered into an agreement with National E-Governance Services (NeSL) for information utility (IU) arrangement under the Insolvency and Bankruptcy Code (IBC). (PTI) State-run Bank of India (BoI) today said it has entered into an agreement with National E-Governance Services (NeSL) for information utility (IU) arrangement under…
DetailsOutsourcer Capita has launched a £701m fundraising after announcing a £513m loss for last year, as its tries to recover from a series of reputation-damaging contract bungles and repair its balance sheet. The company, which provides a range of public services from collecting the BBC licence fee to recruiting for the British army, is issuing…
Details