Bankruptcy is a legal process in a federal court that allows individuals and businesses to resolve debts while protecting their assets. It’s often viewed as a negative stigma, but the truth is it can be…
UncategorizedFebruary 18, 2025
Lenders see a payment recover as economy restarts
MUMBAI: Lenders are seeing a slow but sure recovery in loan repayments as customers are increasingly choosing not to exercise the Reserve Bank of India provided option of moratorium on payments to avoid paying higher…
Govt notifies cut in EPF contribution to 10%…
Labour ministry, on Monday, notified lower rates of provident fund contribution at 10%, thus increasing the take home salary of 4.3 crore provident fund subscribers and giving relief to 6.5 lakh establishments. The existing rate…
Vedanta’s board approves delisting proposal, seeking shareholders approval
Kolkata: The board of Vedanta Limited on Monday approved a proposal for delisting of the company after taking into record a due diligence report dated May 18, 2020 by SBI Capital Markets. In a notification…
Ryanair to cut up to 3,000 jobs; CEO…
Ryanair is negotiating pay cuts, unpaid leave and up to 3,000 job losses with its employees and trade unions, as coronavirus reduced passenger numbers at the airline by over 5 million.However, the the airline's outspoken CEO is…
Why new U.S. rules on selling chips to…
The United States' latest move to restrict chip sales to Huawei could be a big blow to the Chinese technology giant, hitting its two biggest businesses and offering very little wriggle room for the firm…
Profitability will be better in FY21 than FY20:…
Mumbai-based RBL Bank has set aside enough capital buffers to deal with the Covid-19 pandemic crisis and is confident credit costs will not exceed levels seen in the previous financial year, CEO Vishwavir Ahuja told…
Stock pick of the week: How the covid-induced…
[unable to retrieve full-text content]GSPL will be able to minimise the negative impact of Covid-19 disruptions with the resumption of operations by user industries after partial lifting of lockdown restrictions. Reasonable valuation is another factor…
Coal India falls nearly 5% as govt ends…
Shares of Coal India cracked nearly 5 per cent in Monday’s trade after Finance Minister Nirmala Sitharaman on Saturday announced commercial mining of coal by the private sector, ending government's monopoly. The scrip traded 4.86…