Wednesday June 14, 2017 Ten Network has announced it will go into voluntary administration, a day after its billionaire shareholders refused to back a new finance package. SA’s new political front as Brokenshire targets Qatari investment … Read the full article at: http://indaily.com.au/news/2017/06/14/ten-goes-voluntary-administration/
DetailsNEW YORK J. Crew Group Inc. disclosed terms on Tuesday of a debt restructuring deal that would roughly cut in half the value of its nearly $567 million in bonds, as well as extend their maturity by two years, after receiving the backing of some key creditors. The move comes after Reuters reported last…
DetailsWritten by George Mathew | Mumbai | Updated: June 14, 2017 7:36 am The IAC noted that under the recommended criterion, 12 accounts adding up to about 25 per cent of the current gross NPAs of the banking system would qualify for immediate reference under IBC, the RBI said on Tuesday. The Reserve Bank of…
DetailsAustralia’s third-placed TV network Ten has entered voluntary administration after three of its biggest commercial backers shied away from providing ongoing support to the business. The news was first revealed by Fairfax Media and formally confirmed today. Fairfax Media reports Korda Mentha will be appointed as administrator. The administrators are Mark Korda, Jennifer Nettleton and Jarrod Villani. Ten…
DetailsChannel Ten has been forced to go into voluntary administration after its billionaire shareholders told it on the weekend they would no longer guarantee a key loan. The TV broadcaster has appointed KordaMentha as voluntary administrators of the company and its subsidiaries, it announced in a statement to the ASX on Wednesday morning. Play Video Don’t Play Uber CEO takes…
DetailsFollowing news yesterday that Australian TV network Channel Ten had suspended trading of its shares following news that a number of key shareholders would not guarantee the companys future, it has now been confirmed that the company will be placed into voluntary administration. This is extremely disappointing for all of us, said Ten CEO Paul Anderson in a meeting…
DetailsSears said Tuesday its cutting 400 jobs at corporate offices as it works towards a goal of reducing costs by $US1.25 billion in fiscal 2017. The cuts will primarily affect workers at Sears headquarters in Hoffman Estates, Illinois. The move comes one week after the retailer revealed it was closing 65 more Sears and Kmart…
DetailsThese make up 25% of the 8 lakh crore non-performing assets of the banking system Mumbai, June 13: To purge the banking system of big-ticket stressed assets, the Reserve Bank of Indias internal advisory committee (IAC) has recommended for immediate reference under the Insolvency and Bankruptcy Code (IBC) 12 accounts totalling about 25 per cent…
DetailsMUMBAI: Clamping down on bad loans, the RBI today identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore of outstanding loans, accounting for 25 per cent of total NPAs of banks. The banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore, of which Rs…
DetailsNazanin Jafarian Ghaissarifa married Folarin Alakija, who is son of Africa’s wealthiest woman worth $2.1 billion Lavish Blenheim Palace event cost estimated £5million, had one white roses and performance Robin Thicke MailOnline has discovered that his bride Naza was raised in Manchester after her parents separated Nazas mother Nooshin, declared bankrupt in 2014, lives in…
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