MANISH KIRI, MD, Kiri Industries Managing Director Manish Kiri, on how the company expects to be back in black this year The Kiri Industries stock zoomed up 11 per cent after it announced a debt reduction plan. Speaking to Bloomberg TV India, Kiri Industries Managing Director Manish Kiri said the company is set to reduce…
DetailsHaving banks and local governments deleverage and trim overcapacity are part and parcel with central government efforts to maintain stable growth by nurturing the supply side of the economy. But even as this is happening, the housing market has been flooded with new loans in recent months, exposing the economy to new risks. The central…
DetailsOntario Licensed Insolvency Trustee and Accountant John Adamson of Adamson & Associates Inc. Explains Why He Is in Agreement With The Office of the Superintendant of Bankruptcies Directive No.33, Which Changes the Title “Trustee in Bankruptcy” to “Licensed Insolvency Trustees.” ST THOMAS, ON–(Marketwired – April 05, 2016) – As of April 1, 2016, all trustees…
DetailsFor people struggling with mounds of debt, a debt consolidation program can seem like a wonderful thing. These programs promise to take all of your debts and reduce them down to one convenient monthly payment, leaving you with only one bill to worry about and a seemingly direct path to debt freedom. Sounds great, doesn’t…
DetailsSteilmann SE : * Insolvency of corporate group companies * APANAGE Fashion Group GmbH as well as Klaus Steilmann GmbH & Co. Kommanditgesellschaft will immediately file for insolvency on grounds of illiquidity with respective local courts having jurisdiction over these * Respective german subsidiaries of APANAGE Fashion Group GmbH and Klaus Steilmann GmbH & Co.…
DetailsApril 5, 2016 10:07 a.m. ET The long-running fight over how to divide the remnants of Nortel Networks Corp. continues Tuesday in a U.S. federal court, with creditors in Canada, the U.K. and the U.S. vying for a share of the $7.3 billion raised from the liquidation of the defunct global telecommunications giant. Nortels U.S.…
DetailsContents1 See Also1.1 The IRS just paid out a record $40 billion in tax refunds in a single day1.2 Taxpayers have 4 extra days to file in 2016 here’s what that means for you1.3 Why everyone should outsource their taxes Associated Press/Susan WalshIn this photo March 22, 2013 file photo, the exterior of the Internal…
DetailsTWO pubs with hundreds of years of history between them have closed suddenly when the landlord went bust. The Old House At Home, in Locksway Road, Milton, and the Invincible, in Wickham Street, Portsea, shut unexpectedly yesterday. Both pubs are owned by Enterprise Inns and they were being run by entrepreneur Steve Lant, 38, from…
DetailsAditi Shrivastava, ET Bureau Mar 16, 2016, 03.06AM IST (The company, which shut) BENGALURU: India’s largest cab aggregator Ola, after pulling the curtains on its online food and grocery delivery experiments, is restructuring its business to step up focus and investment into its core taxi service, according to multiple people aware of the matter. Ola…
DetailsTelkom makes progress in restructuring with more than 1,000 job cuts by Loni Prinsloo, 2016-04-05 08:31:30.0 TELKOM, which is cutting costs to counter a decline in its fixed-line business, has accepted 1,184 applications for voluntary redundancy, reducing its workforce by about 8.5%. The operator, which is still 39% government-owned, made the offer to staff after…
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