The Supreme Court on Wednesday said that the it will decide on Reserve Bank of Indias plea seeking to start insolvency proceedings against JAL on the next date, February 5, and that the central bank should not act on it, legal sources said. It also ordered that the parent company Jaiprakash Associates (JAL) to submit…
DetailsShares of Magma Fincorp gained 3.5 percent intraday Wednesday as IIFL initiated coverage on the stock with buy rating for a target at Rs 220 per share. The firm believe that the companys business performance is at an inflexion point. The larger part of business restructuring is complete, while the disbursements growth is gradually improving,…
DetailsJanuary 10, 2018 Sir, David Pilling draws attention to the overwhelming case for Somalia to receive debt relief (Somalia calls for acceleration of debt forgiveness to help fight terrorism, January 8). Of one thing we can be certain: without a clearance of debt arrears, Somalia will remain trapped in a cycle of drought, poverty and…
DetailsGeorge Osbornes favourite burger chain is expected to close at least 15 restaurants under a restructuring plan. Byron, where the burgers are as posh as the former chancellor, has 67 restaurants plus nine non-operational leasehold sites, but it has struggled in a competitive market. It has submitted proposals to its landlords and other creditors seeking…
DetailsThe Hutto City Council has approved a 25 percent increase in the wastewater rates to help the city pay for the debt owed on the Hutto South Waste Water Treatment Plant plant built in 2014, invest in new infrastructure and maintain the utility fund reserve requirements, according to a press release. The increase means users…
DetailsImage copyright Getty Images Burger chain Byron could close up to 20 restaurants as part of a financial rescue proposal. Accountancy firm KPMG, which is handling the restructuring, confirmed the plan, which would also involve cutting rent payments at other outlets. Any deal would need approval from Byron’s creditors, who will vote on the plan…
DetailsRead more on From Around The Web More from The Economic Times #pd#’;var orghtmlD = ‘”{{titleLength}}60{{titleLength}}”,#og##og#’;*/function tWpxIGIKfHF(par) { if(typeof otab == ‘function’){ otab(par,”); } else{if(typeof canRun == ‘undefined’ || (typeof canRun != ‘undefined’ && !canRun)) { window.open(par,’_blank’);}else{window.op… Read the full article at: https://economictimes.indiatimes.com/markets/stocks/news/will-gujarat-nre-be-liquidated-in-new-manner/articleshow/62433510.cms
DetailsArash Massoudi in London, Shannon Bond in New York and Harriet Agnew in Paris January 9, 2018 Altice NV shares climbed 10 per cent Tuesday after the struggling global telecoms and cable group unveiled a wide-ranging organisational shake-up and restructuring to allay concerns that have sent its stock tumbling in recent months. The gains came in response…
DetailsICONIC Australian footwear, clothing and accessories label Diana Ferrari will close all bricks-and-mortar stores within months. In a statement to shoppers, the company announced the brand’s 23 retail boutiques and 11 clearance outlets will all shut down in the coming months. The label will continue to maintain an online presence. “All Diana Ferrari stores will…
DetailsNEW YORK (Reuters) – Lenders to U.S. mid-sized businesses are increasingly concerned about the higher levels of debt held by middle market companies versus a year ago, as well as what they consider to be less restrictive leveraged loan documents, a survey by Carl Marks Advisors found. Higher leverage levels and borrower-friendly loan agreements, the…
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