By Deep Narayan Mukherjee As per RBI deputy governor SS Mundra, total distressed loans account for 14% of banking sector assets in India. Such a high level of bad debt was last observed in India way back in 1999 (Source: World Bank). However, every crisis also provides an opportunity to improve a system. There is…
DetailsHamilton star and creator Lin-Manuel Miranda on Tuesday joined Democrats on Capitol Hill to call on Congress to pass legislation allowing Puerto Rico to declare bankruptcy amid its growing financial crisis. “It’s a solvable, fixable issue. What we really need is help, and what we really need is help from Congress,” Miranda said during a press conference. “If…
DetailsA company connected to popular weekend destination The Grounds of Alexandria has been placed in voluntary administration, but it is business as usual for the famous brunch locale. According to a notice published by the Australian Securities and Investments Commission, external administrators were appointed to The Grounds of Alexandria Pty Limited last week. Ozem Kassem…
DetailsCathy Bennett couldnt be more emphatic: Newfoundland & Labrador is in crisis. In animated fashion the finance minister has told us we have no money and that weve maxed out the provinces credit card. The rhetoric is intense. If Bennett is to be believed, if things get any worse we might need to revisit our…
DetailsBENGALURU: 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 is racing to bolster its thinning lead over Uber as well as curb diverting much of investors’…
DetailsA major social enterprise in Huddersfield has gone into voluntary liquidation. And there are fears for dozens of jobs and an historic archive of music. Insolvency experts Brook Business Recovery Limited confirmed that Deighton-based Fresh Horizons has ceased operations, following a meeting with creditors at a meeting yesterday. It is not yet known exactly why…
DetailsAlastair Meeks of Pinsent Masons, the law firm behind Out-Law.com, was commenting as the Pensions Regulator revealed that it had only approved 24 such arrangements, almost eight years after the mechanism was set out in law. An RAA can be used to transfer an employer’s pension liabilities to the Pension Protection Fund (PPF), but only…
DetailsPaula Dwyer writes editorials on economics, finance and politics. Paula Dwyer | Bloomberg View If you watched the last Republican presidential debate, you may have noticed the split on Social Security among the final four. Donald Trump vowed not to cut benefits. His three rivals would — by raising the retirement age, reducing payouts for…
DetailsRetiring DPS Emergency Manager Darnell Earley has been caught in the crosshairs of withering criticism for more than six months now, targeted by the media as well as a number of community activists and some politicians as well, for the damning role they all claim he played in the Flint water crisis when he served…
DetailsUNITED STATESSECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): February 16, 2016 WITH, INC. (Exact name of registrant as specified in its charter) Nevada 000-55533 80-0194367 (State or other jurisdiction (Commission (I.R.S.…
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