By DK Aggarwal In a major step to bring in reforms to Indias ailing banking system, the apex bank and the government are taking measures to clean-up the balance sheets, with the latest effort being the asset quality review conducted by the RBI in December 2015 and the promulgation of the Insolvency and Bankruptcy Code…
DetailsBY TONY SII Kerowagi MP Bari Palma has given an early open invitation to those who want to challenge the electoral seat to do so at the polls in the 2022 national election. He said this last Friday immediately after the National Court of Disputed Returns dismissed the election petition by Francis Siune who disputed…
DetailsLarge swaths of Israels economy slowly returned to business on Sunday afternoon after a solidarity strike over pharmaceutical giant Tevas plan to lay off some 1,750 Israeli employees shut down the public sector across the country for four hours. On Sunday morning, Teva employees gathered outside the pharmaceutical companys offices in Jerusalem, in the coastal…
DetailsSean Pyles, NerdWallet Published 7:00 a.m. ET Dec. 17, 2017 CLOSE Americans credit card debt has just hit a disturbing record of $1.02 trillion according to the federal reserve. Buzz60 A debt ball and chain attached to a bear trap.(Photo: Getty Images) Paying off debt in the new year is a common resolution. But resolving…
DetailsAs online shopping tightens its grip on our credit cards (hello, Black Friday), and international high street brands, with their bargain-price, covetable clothing, become more accessible than ever before, local labels are feeling the pinch. Case in point: today Lover has gone into voluntary administration. Ferrier Hodgson partners Morgan Kelly and Ryan Eagle have been appointed…
DetailsAdministrators have said Dover-based ship repairers Burgess Marine went under because a major customer failed to pay up. The company, which did everything from upgrading superyachts to repairing warships, has made 102 people redundant. Although based in Channel View Road the company has four other sites across the South Coast all of which have been…
DetailsThis weeks question to South Florida CEOs who are on the Miami Herald CEO Roundtable: You have a valued employee who has gotten so deeply in debt that it is affecting his/her work. How do you handle it? === … Read the full article at: http://www.miamiherald.com/news/business/biz-monday/article189914174.html
DetailsIsrael’s trade union federation Histadrut has called for a nationwide general strike on Sunday to protest planned massive layoffs at Teva Pharmaceutical Industries, the world’s largest generic drug producer and Israel’s largest company. The strike will hit airports, ports, banks and government offices across the country, which are set to remain closed until noon. On…
DetailsIt is ironical that while the 2017 Forbes India List says that the combined net worth of Indias 100 wealthiest stood at a whopping $479 billion, top corporate borrower groups in India are unable to repay loans and make timely interest payments. Tackling NPAs The government has taken the high moral ground to deal with…
DetailsIsrael’s trade union federation Histadrut has called for a nationwide general strike on Sunday to protest planned massive layoffs at Teva Pharmaceutical Industries, the world’s largest generic drug producer and Israel’s largest company. The strike will hit airports, ports, banks and government offices across the country, which are set to remain closed until noon. On…
Details