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Finance Ministry pitches for rating upgrade with Moody's citing reforms

Sep 22, 2016

Finance Ministry pitches for rating upgrade with Moody's citing reforms

India’s sovereign rating by Moody’s stands at ‘Baa3’, the lowest investment grade—just a notch above ‘junk’ status. #Monetary policy #FDI #Moody's #GST #parliament #Bankruptcy #fiscal consolidation #India rating #non performing assets #credit profile
Heineken ups stake in United Breweries; how long can Vijay Mallya hold on?

Sep 20, 2016

Heineken ups stake in United Breweries; how long can Vijay Mallya hold on?

With Mallya distracted by debts from a collapsed airline venture, this could be a timely grab by Heineken in a market that is growing much faster than the global average. #Kingfisher Airlines #Moody's #Vijay Mallya #Bankruptcy #Heineken #UB Group #United Breweries #Kingfisher Beer #debt recovery processes #airlines business #beer consumption
I started my acting school because I was bankrupt, says Anupam Kher

Jun 05, 2015

I started my acting school because I was bankrupt, says Anupam Kher

Bollywood veteran Anupam Kher has revealed that his now renowned acting school, 'The Actor Prepares', was a result of bankruptcy he faced 11 years back. #Bollywood #India #NewsTracker #IIFA #Bankruptcy #Anupam Kher #Film Industry #acting school #The Actor Prepares
Jaitley's auction paradox: Without bankruptcy code, high bids also endanger banks

Mar 17, 2015

Jaitley's auction paradox: Without bankruptcy code, high bids also endanger banks

The coal and spectrum auctions are good for the exchequer, but if banks have to lend to bidders and some of them go bust, the problem will blow up in Arun Jaitley's face as banks begin to face bankruptcy #coal #Banks #Auction #Arun Jaitley #MINING #Bankruptcy #Sick Industrial Companies Act
Ukraine crisis: IMF promises upto $18 billion in loan

Mar 27, 2014

Ukraine crisis: IMF promises upto $18 billion in loan

Its economy teetering on collapse, Ukraine was pushed closer to the edge with Russia's takeover of the Crimean Peninsula and Moscow's multibillion dollar bill for gas deliveries. #World #IMF #NewsTracker #Economic policy #Bankruptcy #Ukraine #Kiev #Viktor Yanukovych #Financial aid #Arseny Yatsenyuk
How Chennai played a role in Detroitosaurus' wreck

Jul 20, 2013

How Chennai played a role in Detroitosaurus' wreck

The reason for the rise and rise of Chennai in the auto sector is its proximity to the port, friendly government policies and abundance of qualified manpower with proficiency in English #India #ConnectTheDots #Chennai #manufacturing #Detroit #Bankruptcy #Automobile
Reader's Digest publisher expects to emerge from bankruptcy by end-July

Jun 29, 2013

Reader's Digest publisher expects to emerge from bankruptcy by end-July

- The publisher of the Reader's Digest magazine said it expects to emerge from bankruptcy by the end of July after the bankruptcy court for the Southern District of New York approved its reorganization plan. The Reader's Digest Association Inc and its affiliates filed for Chapter 11 bankruptcy protection for the second time in less than four years in February, citing a greater-than-expected decline in the media industry. "The court's confirmation of our restructuring plan is an important step for our company and sets the stage for our future as a much more focused company," Chief Executive Robert Guth said in a statement. #Bankruptcy #publishing #Reader's Digest
Kodak strikes $895 million loan to fund its rebirth post-bankruptcy

Jun 20, 2013

Kodak strikes $895 million loan to fund its rebirth post-bankruptcy

Kodak says the financing will allow it repay loans that funded operations while under bankruptcy protection, finance its exit from Chapter 11 and fund its post-bankruptcy working capital, as well as provide cash #JP Morgan #Bank of America Merrill Lynch #CompanyWatch #Kodak #Bankruptcy