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DEBT RESTRUCTURING
Scott Bessent huddles with G20 to try to rally allies on Iran as tariffs strain tiesUS Treasury Secretary Scott Bessent is meeting with global finance ministers in Asheville this week. He aims to focus discussions on econom...- Horoscope Today, August 28, 2026: Cancer Gains Through Business, Leo Finds Recognition, Virgo Gets Clarity in Important Matters During Lunar EclipseYour Daily Horoscope Today emphasizes internal research, collaborative partnerships, and analytical organization. The day calls for a balan...
- Federal Bank falls 3% on report of Jana Small Finance Bank stake acquisitionFederal Bank shares fell nearly 3% after reports that the lender may acquire a controlling stake in Jana Small Finance Bank. The deal could...
- 17-year-old Pennsylvania student develops promising pancreatic cancer test that correctly detects 87% of cases and rules out disease in 87.5% of peopleA 17-year-old student from Pennsylvania has developed a promising blood-based method for detecting pancreatic cancer by using magnetic nano...
- $3,000 Walmart theft spree over 3 weeks: How Flock cameras helped catch Florida corrections officers accused of stealing LEGO sets and Magic cardsTwo Florida corrections officers are accused of a three-week Walmart theft spree involving more than $3,000 in LEGO sets, Magic: The Gather...
- How did a dead woman’s pension keep paying for 20 years? Costa Rica man accused of collecting $800,000 from California teacher’s retirement fundCosta Rican prosecutors are investigating Abarca, a care-home manager accused of collecting nearly $800,000 in pension payments belonging t...
- California space station startup Vast cuts jobs after $500 million funding round as crypto billionaire Jed McCaleb’s company races to replace ISSSpaceX-linked California startup Vast has cut 46 employees, or about 4% of its workforce, months after raising $500 million. The layoffs at...
- Quote of the Day by Alfred Lord Tennyson: “No man ever got very high by pulling other people down. The intelligent merchant does not knock his competitors. The sensible worker does not work those who work with him. Don't knock your friends. Don't knock your enemies. Don't knock yourself.” — powerful life lesson on success, competition, friendship and self-worthThe quote of the day “No man ever got very high by pulling other people down. The intelligent merchant does not knock his competitors. The ...
- Corus layoffs: Canada’s Global News, Global BC and News 640 hit by fresh job cuts just five months after C$500M debt-restructuring bid as broadcaster faces mounting financial pressureCorus layoffs global news: Corus Entertainment has confirmed a fresh round of layoffs across its Canadian television and radio operations. ...
- Capex push has revived private investment as India advances towards Viksit Bharat: Nirmala SitharamanFinance Minister Nirmala Sitharaman outlined Viksit Bharat's vision for a developed nation. She stated that 2047 is an immediate national h...
- Retiring with an EMI? Here's when it can make sense and when it could derail your retirementRetiring debt-free is an ideal goal, but not always achievable or necessary. Experts suggest focusing on EMI affordability rather than comp...
- Accounting fraud: Every time, the same queue. The company, the auditor, and shareholders at the endBy the time a “going-concern” paragraph appears in an audit report, the trouble is usually several quarters old. The earlier signals are el...
- Udaan avoids bankruptcy, reaches agreement with offshore creditors to settle $178 million claimBlackrock, world’s largest asset manager has agreed to provide $45 million of fresh credit facility. The restructuring will also include up...
- Explained: Venezuela's complex and contested debt puzzleVenezuela faces a massive debt restructuring with creditors holding diverse claims. The nation's debt is estimated between $150 billion and...
- Mumbai Metro One restructures debt with NARCL, avoids insolvencyMumbai Metro One Private Limited has successfully restructured its debt, avoiding insolvency. The company signed a Master Restructuring Agr...
- Tamil Nadu spends too much; Bengal earns too little: A tale of two deficitsTamil Nadu and West Bengal ended 2023-24 with revenue deficits, but their fiscal challenges differ significantly. Tamil Nadu's deficit stem...
- Charting the Global Economy: US hiring slows, eurozone CPI coolsIn Asia, Japan's economy is nearing a post-war growth record, buoyed by AI-driven exports, though some Chinese fund managers warn of an AI ...
- Global creditors drag Udaan's parent to bankruptcy court in Singapore after $170-million bond defaultInsolvency petition filed this week, A&M appointed as liquidator of B2B commerce company. Ten year old co has seen valuations crash 70% as ...
- Jana Holdings to pare Jana Bank stake to repay its bond holdersJana Holdings plans to reduce its stake in Jana Small Finance Bank to below 10% from 17% to meet bondholder payment obligations, including ...
- Air India debt restructuring to put Rs 2,000 cr burden on 14 lendersAir India's debt restructuring will impose a burden of Rs 2,000 crore on the consortium of 14 lenders, said a senior finance ministry offic...
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