JSW Steel is all set to sign a term sheet with Algerias Cevital to buy Italys second largest steel firm Aferpi for almost 600 crore Almost three years after losing the race to buy Italys second largest steel maker to Cevital, Algerian privately held group, billionaire Sajjan Jindal led JSW Steel is all set to…
DetailsJapans Big 4 Restructuring Domestic Business Models A progressively shrinking market has prompted Japans four biggest OEMs to undergo a major reorganization of strategies for the island nation’s domestic market. After more than a decade of generally declining sales, Japans four largest motorcycle manufacturers have begun rolling out new business models for the Japanese domestic…
DetailsROHNERT PARK, Calif., March 1, 2018 /PRNewswire/ — In a list of the highest paying professions, medical careers make up the top 11 slots. However, the education required for those medical careers can result in some of the highest student debt balances. While many question the value of a medical career despite the student debt, others…
DetailsThe Energy Complex Oltenia estimates profit of over RON 44 million in January and approximately RON 200 million in 2017, denying the insolvency rumours. The company thus anwears to the statements of Nicoleta Munteanu, partner of insolvency company Euro Insol, who said this Wednesday that in the following period well see even big companies that…
DetailsFeb 28 (Reuters) – Aircel : * AIRCEL FILES FOR BANKRUPTCY * FILED APPLICATION FOR UNDERTAKING CORPORATE INSOLVENCY RESOLUTION PROCESS FOR AIRCEL CELLULAR, DISHNET WIRELESS AND AIRCEL LTD * ACKNOWLEDGED HAS BEEN FACING TROUBLED TIMES OWING TO INTENSE COMPETITION FOLLOWING DISRUPTIVE ENTRY OF A NEW PLAYER, LEGAL, REGULATORY CHALLENGES * REQUESTS CONTINUED SERVICES FROM SUPPLIERS…
DetailsStock Exchange ReleaseAhtium Plc28 February 2018 Ahtium Plc annual results review for the year ended 31 December 2017 Next few days decisive for the Company’s operations and future Key events 2017 Ahtium Plc’s (“Ahtium” or the “Company”) Financial Statements for the financial year ended 31 December 2017 have not been prepared on a going concern…
DetailsAlan McGee Cork solicitor Alan McGee writes on a number of existing schemes designed to solve the issue of distressed debt. The recent controversy over the impending sale of non-performing loans by PTSB, AIB and Ulster Bank has once again raised public awareness of dealing with distressed debt. The PTSB proposed sale has generated much…
DetailsAt meeting held on 01 March 2018 The Board of Thomas Cook (India) at its meeting held on 01 March 2018 has given their consent to the management to explore the possibility of an internal corporate restructuring exercise that would (i) enable the Company to focus on travel related business, (ii) give the…
DetailsAircel has formally filed for bankruptcy. The company in a statement on Thursday said that it has “filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016 for undertaking Corporate Insolvency Resolution Process.” The Aircel has formally filed for bankruptcy. The company in a statement on Thursday said that it has “filed…
DetailsShares in embattled estate agent McGrath fell more than 8 per cent on Monday to a new intraday low of 43¢ after Fairfax Media reported founder John McGrath had accumulated a $16 million gambling debt with bookmakers William Hill. Mr McGrath has strenuously denied the story, calling it “ridiculous” but shares still fell sharply after opening…
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