July 25, 2014
Appellate Authority for Industrial & Financial Reconstruction has set aside the BIFR’s order dated August 29, 2013 on Modified Rehabilitation Scheme (MDRS) of Bharat Heavy Plates & Vessels...
July 16, 2014
With duty exemptions on sugar and restrictions on imports in the budget, things are looking up for Nizamabad Cooperative Sugar Factory. In its heydays, it had 21,800 shareholding farmers who used to cultivate sugarcane in 40,000 hectares in Navipet, Nandipet, Makloor, Renjal, Yedapally, Nizamabad, Dichpally and Darpally mandals.
November 15, 2013
The Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) is on the verge of a financial breakdown with its deficit rising every month. It has gone up from Rs. 5 crore in April to Rs. 30...
July 19, 2013
Becomes the biggest U.S. city to file for bankruptcy with its finances ravaged and neighbourhoods hollowed out by a long, slow decline in population and auto manufacturing.
May 25, 2013
Civic authority defaults on PF contributions
November 8, 2012
Kingfisher Airlines, at present grounded, has reported a net loss of Rs.754 crore for the second quarter ended September 30, 2012, as compared to a net loss of Rs.469 crore in the corresponding pe...
May 23, 2012
Mangalore Refinery and Petrochemicals Ltd (MRPL), which is keen to pick up a controlling stake in the beleaguered Haldia Petrochemicals Ltd., has made a strong pitch to the State government.»
January 19, 2012
Once synonymous with ‘Kodak Moments’, photography pioneer Eastman Kodak Company has filed for bankruptcy protection to re-organise its businesses so it can survive intense competition.
August 26, 2010
A tycoon who fled Britain almost two decades ago following the spectacular collapse of his business empire told British media Thursday that he is returning to London to face charges of fraud.»
December 25, 2009
Even as the December music month is on, the music lovers are in for a shock.Come December 31, 2009, the WorldSpace satellite radio broadcast service will be terminated for all customers ser...
July 23, 2014
In the absence of a good bankruptcy code in India, Reserve Bank is working on a system to enable entrepreneurs seeking to exit insolvent business, a top official of the apex bank said.“We h...
June 26, 2014
The unit located near Tagarapuvalasa closed in 2009. Owing to the prolonged closure, several workers moved to Vizianagaram, Nellimarla, Srikakulam and other places in search of jobs in jute mills there.
July 25, 2013
As Detroit files for bankruptcy — the largest U.S. city ever to do so —the impressive collection of the Detroit Institute of Arts has become a political bargaining chip.
July 3, 2013
Indian envoy to UAE says the embassy has taken up the issue with the ship’s agents in Emirates and its managers in Singapore
January 31, 2013
The Calcutta High Court, on Thursday, ordered the winding up of Dunlop India Ltd. (DIL) asking the official liquidator to takeover the possession of the company’s assets and its books of records....
August 8, 2012
Kingfisher Airlines on Wednesday cancelled over 30 flights from Delhi and Mumbai due to a strike by a section of its employees protesting non-payment of salary.While 22 flights of the airli...
May 22, 2012
Haldia Petrochemicals Ltd. (HPL), which ended 2011-12 with a loss of Rs.865 crore, is in serious fiscal distress and is desperately seeking a credit line from banks and financial institutions to m...
October 15, 2011
Demonstrations against corporate greed, government cutbacks
January 11, 2010
Troubled Japan Airlines Corp. is set to cut about 15,600 jobs, a third of its work force, and reject billion-dollar cash offers from Delta and American Airlines, as it files for bankruptcy and emb...
November 24, 2009
The Madras High Court Bench here on Monday sought to know from the State Government whether it could spare the services of a Joint Registrar of Cooperative Societies exclusively for the purp...