MUMBAI: A well-known New Delhi-based business family, whose two sons are non-resident Indians, feared that their wealth could be taxed not just in India, but also in the US. The fear has led them to restructure their family trust so that it attracts minimal tax. The family trust, which until now was based in India,…
DetailsJordan deal sealed, Ratio to issue debt to help fund Leviathan development Just days after the Leviathan partners signed a key contract to sell natural gas to Jordans electric power company, one of the fields partners is getting ready to tap the debt market. Ratio, which holds 15% of the field, said Thursday it…
DetailsBianca Mlilo, Business ReporterALTFIN Life Assurance has been placed under liquidation on insolvency basis after it failed to pay out claims to its clients. Liquidation occurs when a company is insolvent, meaning it cannot meet its obligations as and when they are due. Upon liquidation, the company ceases operations and its assets are divided up…
DetailsBy Associated Press Published: 07:46 +10:00, 30 September 2016 | Updated: 07:46 +10:00, 30 September 2016 e-mail WASHINGTON (AP) The Education Department is pursuing debt collection rather than debt relief for nearly 80,000 former students of Corinthian Colleges, despite federal and state findings that the now-defunct for-profit chain defrauded students, Sen. Elizabeth Warren said in…
DetailsJesse Osborne, 14, is alleged to have murdered his father then gone to the nearest elementary school and shot a teacher and two children The teenager, of Townville, South Carolina, was expelled from his middle school because he brought a hatchet and machete to class Detectives looking into whether boy, nicknamed ‘Little Jesse’ for his…
DetailsDeonte Jordan is being tried for a 2014 attempted murder. (Photo courtesy Facebook/Bloomington Police) By Terry James BLOOMINGTON A 21 year old man from Bloomington is on trial charged with attempted murder. Deonte Jordan is also facing charges of armed robbery and aggravated battery with a firearm. At the McLean County Law and Justice center the…
DetailsBLOOMINGTON A bench trial continued Thursday for a Bloomigton man accused of shooting a man in 2014 over a gambling debt. Deonte Jordan, 21, is charged with attempted murder, armed robbery and aggravated battery with a firearm in the December 2014 incident in the 900 block of West Washington Street. In testimony Wednesday, victim Joshua…
DetailsHedge funds have started to pull some of their business from Deutsche Bank, setting up a potential showdown with German authorities over the future of the countrys largest lender. As its shares fell sharply in New York trading, Deutsche was forced to issue a statement emphasising its strong financial position. European regulators and government officials…
DetailsBERLIN (AP) German lender Commerzbank says it expects to cut a net 7,300 full time jobs as part of a restructuring to concentrate on its core businesses. The bank said Thursday that some business activities would be discontinued which, combined with the digitalization and automation of some workflows, would amount to the loss of 9,600…
DetailsCommerzbank is to cut nearly 10,000 jobs and suspend its dividend as part of a wide-ranging restructuring plan. Germanys second biggest lender after Deutsche Bank said on Thursday it expected restructuring costs of 1.1bn (£948m) as it combined business operations and cut costs to offset the impact of low loan demand and negative European Central…
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