Search For "bankruptcy"
USA Gymnastics files for bankruptcy amid Larry Nassar sexual abuse scandal
Updated : 7 years, 3 months ago IST
Georgia [USA], Dec 6 (ANI): United States of America (USA) Gymnastics has filed for bankruptcy owing to its struggle to recover from sexual abuse scandal involving their former national team doctor Larry Nassar.
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'IBC has direct, indirect impact of Rs 3 lakh crore on NPAs'
Updated : 7 years, 3 months ago IST
New Delhi [India], Nov 24 (ANI): Ministry of Corporate Affairs (MCA) Secretary Injeti Srinivas said that the Insolvency and Bankruptcy Code (IBC) has an impact of around Rs 3 lakh crore on non-performing assets (NPAs).
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IBC helping banking sector clean up bad loans: Jaitley
Updated : 7 years, 4 months ago IST
New Delhi [India], Oct 27 (ANI): Union Finance Minister Arun Jaitley on Saturday said the Insolvency and Bankruptcy Code (IBC) is helping the banking sector of the country in cleaning up bad loans, adding that the fear of the IBC has made defaulters approach their respective banks to clear t
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'Foreign aid or bailout packages can't save Pak from bankruptcy'
Updated : 7 years, 4 months ago IST
Washington DC [USA], Oct 25 (ANI): Voice of Karachi (VOK) chairman Nadeem Nusrat has said that the Saudi monetary package for Pakistan can only delay, but not prevent the inevitable.
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'Structural reforms strengthening India's resilience to global shocks'
Updated : 7 years, 5 months ago IST
Bali [Indonesia], Oct 13 (ANI): Department of Economic Affairs (DEA) Secretary Subhash Chandra Garg has said that structural reforms, implemented by the government in areas like taxation and bankruptcy, are helping the Indian economy in building resilience to global shocks.
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'Bankruptcy code will help deepen corporate bond market'
Updated : 7 years, 5 months ago IST
New Delhi [India], Oct 07 (ANI): A recent study has noted that India's corporate bond market, which contributes 17 per cent to the country's Gross Domestic Product(GDP) and is highly concentrated in the AAA rated bonds, is expected to change once the Insolvency and Bankruptcy Code (IBC) brin
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Jaitley underscores need for banks to crack down on frauds
Updated : 7 years, 5 months ago IST
New Delhi [India], Sep 25 (ANI): Union Finance Minister Arun Jaitley on Tuesday highlighted the impact of the formalisation of the Indian economy - through the Insolvency and Bankruptcy Code (IBC), GST, demonetisation and digital payments - on Public Sector Banks (PSBs), while also stress
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Jonas Brothers are doing well but their dad's company isn't
Updated : 7 years, 6 months ago IST
Washington DC, [USA] Sep 01 (ANI): The Jonas Brothers are doing great but apparently their father is facing some serious financial problems. Paul Jonas' company just filed for bankruptcy.
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China's Belt and Road Initiative gets major jolt
Updated : 7 years, 6 months ago IST
Beijing [China], Aug 21 (ANI): Citing bankruptcy and current fiscal issues, Malaysian Prime Minister Mahathir Mohamad on Tuesday announced cancellation of the China-funded East Coast Rail Link and two gas pipelines projects. The rail project was key to China's Belt and Road Initiative (BRI).
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Weinstein gets approval to disclose rape accuser's emails
Updated : 7 years, 7 months ago IST
New York [U.S.A.], Aug 3 (ANI): A federal bankruptcy judge has given permission to disgraced Hollywood producer Harvey Weinstein the right to use the emails sent from The Weinstein Company account to fight a grand jury criminal case that could see him serving time for the rest of his life.
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Lok Sabha passes Insolvency and Bankruptcy Code amendment bill
Updated : 7 years, 7 months ago IST
New Delhi [India], July 31 (ANI): The Lok Sabha on Tuesday passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018.
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PNB to have claim on Nirav Modi's US assets
Updated : 7 years, 7 months ago IST
Washington D. C. [USA] July 27 (ANI): As part of the United States Bankruptcy Court's summon order to diamantaire Nirav Modi and his aides on Friday, the Punjab National Bank (PNB) has been made party to the sale of all of Modi's assets in the US.
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