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Top News In திவால்நிலை மேல்முறையீடு குழு நீதிபதி ட்ரேசி Today - Breaking & Trending Today

S'porean Company Naiise Shuts Down And Vendors Are Angry That They Weren't Paid For Years

Its founder Dennis Tay announced that he is filing for personal bankruptcy. ....

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Opinion: Laurentian cuts serve as a warning for other Canadian universities


The Globe and Mail
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They are calling it Black Monday in Sudbury. The Northern Ontario city, made famous by its nickel mines and a Stompin’ Tom Connors ode to its raucous Saturday nights, is reeling from this week’s announcement of massive cuts at struggling Laurentian University.
Everyone is rightly looking for someone to blame for the financial mess that led Laurentian’s current administration to fire more than a quarter of the university’s professors and eliminate dozens of programs, from mathematics to midwifery. After filing for court protection from its creditors in February – a first for a publicly funded Canadian university – Laurentian this week broke another major taboo of higher learning by ha ....

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IL & FS ups aggregate debt recovery target to Rs 61,000 crore


Infrastructure Leasing and Financial Services (IL&FS) on Thursday said it has addressed aggregate group debt of Rs 43,000 crore so far and expects to cross Rs 51,000 crore by September 2021.
The debt-laden group has further enhanced its estimates of aggregate debt recovery to Rs 61,000 crore beyond September 2021.
In October last year, the group had targeted to address Rs 50,300 crore of its overall debt by March 2021 and over Rs 56,000 crore by FY2022. The group s overall debt stood at Rs 99,000 crore, as of October 2018.
The aggregate addressed debt of Rs 43,000 crore comprises Rs 26,800 crore basis completed entity monetisation initiatives and accrued cash balance, IL&FS Group said in a release. ....

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IL&FS: Aggregate debt recovery target hiked to ₹61,000 crore


April 15, 2021
Group addresses debt of ₹43,000 crore till date
About ₹43,000 crore of debt of bankrupt Infrastructure Leasing and Financial Services (IL&FS) has been addressed and the new board and management expects that this would increase to ₹50,000 crore by end of September this year.
“The group has also enhanced its estimates of aggregate debt recovery to ₹61,000 crore – an increase of ₹5,000 crore over its earlier estimate of ₹56,000 crore,” said Uday Kotak, Chairman of the board of IL&FS on Thursday.
The increased estimate represents resolution of nearly 62 per cent of overall fund based and non-fund based Group debt of about ₹99,000 crore, as of October 2018. ....

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Paper Source Vendors Left Pleading for Payment as Executives Seek $1M in Bonuses

In the heart of the pandemic, when thousands of the nation’s retail stores were closed, the stationery chain Paper Source paid its top seven executives a. ....

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