creditors

Austerity necessary to regain credibility: Greek PM


September 9th, 2012 - 7:14 pm ICT by IANS
Athens, Sep 9 (IANS) Greek Prime Minister Antonis Samaras has stressed that a fresh austerity package under discussion is necessary to regain credibility and overcome the threatening debt crisis."We are ... Read more...

Posted in Business |

Give Greece extra time: Austria


August 27th, 2012 - 9:01 am ICT by IANS
Athens, Aug 27 (IANS/RIA Novosti) The payback period for Greece should be extended for two or three years if the country sticks to the savings targets and reform plans, Austrian ... Read more...

Posted in World |

Warren Sapp auditioning his collection of Air Jordans?


August 6th, 2012 - 7:28 pm ICT by Aishwarya Bhatt
New York, Aug 6 (THAINDIAN NEWS) Are you in love with Air Jordans and wear a size 15? You are in for luck. Warren Sapp, former NFL star is auctioning his collection ... Read more...

Posted in World News |

Company Law Board stays Uninor’s proposed asset auction


August 3rd, 2012 - 8:31 pm ICT by IANS
New Delhi, Aug 3 (IANS) The Company Law Board (CLB) Friday ordered telecom service provider Uninor not to proceed with its plan of auctioning its assets.The CLB will hear the ... Read more...

Posted in Business |

Uninor to auction business and assets


August 1st, 2012 - 4:06 pm ICT by IANS
New Delhi, Aug 1 (IANS) Telecom service provider Uninor Wednesday said it will auction its business and assets to get maximum possible returns for its investors. The company has invited ... Read more...

Posted in Business |

Moody’s cuts 26 Italian banks’ ratings


May 15th, 2012 - 1:28 pm ICT by IANS
New York, May 15 (IANS) Moody's Investors Service cut the long-time credit ratings of 26 Italian banks Monday, underlining the banking woes in both the country and the euro zone.The ... Read more...

Posted in Business |

Delhi property dealer attempts suicide


May 2nd, 2012 - 6:10 pm ICT by IANS
New Delhi, May 2 (IANS) Unable to pay off his debts, a 47-year-old Delhi property dealer attempted suicide by consuming a poisonous substance in a five-star hotel here Monday evening, ... Read more...

Posted in Uncategorized |

Debt trap: Trinamool candidate in Goa in hiding


March 30th, 2012 - 11:41 am ICT by IANS
Panaji, March 30 (IANS) Hounded by creditors, a Trinamool Congress candidate who borrowed money to fund his campaign in the recently concluded Goa assembly elections is now in ... Read more...

Posted in Uncategorized |

Lehman exits bankruptcy


March 7th, 2012 - 2:03 pm ICT by IANS
New York, March 7 (IANS) Lehman Brothers Holdings Inc. exited its bankruptcy of record $639 billion Tuesday and said it will start paying back creditors April 17.With this move, ... Read more...

Posted in Business |

Most children are lonely: ‘Counsellor’ Anupam Kher (With Image)


February 24th, 2012 - 2:37 pm ICT by IANS
New Delhi, Feb 24 (IANS) Actor, writer and now lifestyle counsellor Anupam Kher says most children are lonely but they don't know it. He says it is in the ... Read more...

Posted in Life Style |

Benchmark indices subdued, midcaps rise


February 9th, 2012 - 1:32 pm ICT by IANS
Mumbai, Feb 9 (IANS) Benchmark indices at Indian equities markets were Thursday ruling dull a little before noon, but buying continued in mid-to-smaller sized scrips.The 30-scrip sensitive index (Sensex) ... Read more...

Posted in Business |

Man held for failing to repay loan to 1,000 lenders


February 6th, 2012 - 7:01 am ICT by IANS
Beijing, Feb 6 (IANS) The head of a Chinese firm that owns 36 schools and companies across the country has been detained after he failed to repay 2.2 billion yuan ... Read more...

Posted in Uncategorized |

Spanish airline files for bankruptcy


January 31st, 2012 - 12:00 pm ICT by IANS
Barcelona, Jan 31 (IANS/EFE) Spanish airline Spanair, which suspended operations last weekend, filed for bankruptcy Monday amid a debt exceeding 300 million euros ($393 million), judicial sources said.The carrier's lawyers ... Read more...

Posted in Business |

US stocks mixed


January 28th, 2012 - 3:00 am ICT by IANS
New York, Jan 28 (IANS) US stocks traded mixed Friday amid news that the US economy grew slower than expected, and concerns over the ongoing Greece debt negotiations.The Commerce Department ... Read more...

Posted in Business |

S&P; downgrades ratings on Australia’s big four banks


December 2nd, 2011 - 1:37 pm ICT by IANS
Sydney, Dec 2 (IANS) Global rating agency Standard & Poor's (S&P;) said Friday it had downgraded Australia's big four banks' credit ratings as a result of changes to its criteria ... Read more...

Posted in Business |

China facilitates debt-for-equity swaps for firms


November 23rd, 2011 - 5:28 pm ICT by IANS
Beijing, Nov 23 (IANS) China's industry and commerce watchdog Wednesday set rules to help fund-strapped firms restructure debts and improve cash flow through debt-for-equity swaps.The move is the government's latest ... Read more...

Posted in Business |

EU urges Greece to reaffirm reform commitment


November 8th, 2011 - 1:33 pm ICT by IANS
Brussels, Nov 8 (IANS/RIA Novosti) Greece could receive a blocked bailout instalment, the sixth tranche worth 8 billion euros ($11 billion), if the nation's incoming government reaffirms its commitment on ... Read more...

Posted in Politics |

Police in China hunt for ‘runaway bosses’


October 26th, 2011 - 10:34 am ICT by IANS
Beijing, Oct 26 (IANS) Police in China have launched a crackdown on entrepreneurs who have gone into hiding to avoid repaying bank and informal high-interest loans.The move has come as ... Read more...

Posted in World |

Indian IT industry to grow 16-18 percent, market cautious


August 23rd, 2011 - 10:10 pm ICT by IANS
New Delhi, Aug 23 (IANS) Software industry body Nasscom Tuesday said it is confident about its projection that the IT industry in India will continue to be on the growth ... Read more...

Posted in Business |

Sensex plunges to 15-month low on global turmoil (Weekly market review)


August 20th, 2011 - 5:52 pm ICT by IANS
Mumbai, Aug 20 (IANS) Indian equities markets benchmark indices slumped to a 15-month low as turmoil in global bourses over the fears of another round of slowdown in the ... Read more...

Posted in Business |

Sensex plunges 466 points on global turmoil (Weekly market review)


August 13th, 2011 - 3:09 pm ICT by IANS
Mumbai, Aug 13 (IANS) Benchmark indices of Indian equities markets slumped almost three percent this week as investors dumped shares taking cues from the turmoil in global markets amid ... Read more...

Posted in Business |

US credit rating downgrade worrisome: Pranab


August 6th, 2011 - 5:20 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister Pranab Mukherjee Saturday expressed concern over downgrading of the US government credit rating and said the situation will be monitored closely."The situation ... Read more...

Posted in Business |

India to get new norms against benami transactions


July 21st, 2011 - 6:51 pm ICT by IANS
New Delhi, July 21 (IANS) The cabinet Thursday approved a proposal to enact a new law to strictly deal with benami transactions or property purchased in someone else's ... Read more...

Posted in Uncategorized |

Adam Hollioake declared bankrupt in Australia


July 16th, 2011 - 3:07 pm ICT by IANS
London, July 16 (IANS) Adam Hollioake, former England Test cricketer and Surrey captain, has been declared bankrupt in Australia.The Guardian reported that the Australian-born player's property development company, the Hollioake ... Read more...

Posted in Sports |

Greece to receive new IMF aid in July: French PM


June 22nd, 2011 - 1:00 am ICT by IANS
Paris, June 21 (IANS/RIA Novosti) Greece will receive a new loan tranche from the International Monetary Fund (IMF) and the European Union in July, French Prime Minister Francois Fillion said ... Read more...

Posted in Business |

Court approves Essar bulk terminal’s equity buyback offer


May 9th, 2011 - 11:00 pm ICT by IANS
Gandhinagar, May 9 (IANS) The Gujarat High Court has sanctioned Essar Bulk Terminal Limited's scheme of purchasing its equity shares through buyback offer from its equity shareholders.A single judge bench ... Read more...

Posted in Uncategorized |

Prince Andrew denies soliciting cash gift to ease ex-wife’s debts


March 14th, 2011 - 3:02 pm ICT by ANI
London, Mar 14 (ANI): A day after it emerged that a property magnate secretly helped pay off Prince Andrew's ex-wife's debts, the Duke of York has strongly denied soliciting any cash gift. ... Read more...

Posted in World |

MJ’s estate makes $310m since his death in 2009


February 18th, 2011 - 11:51 am ICT by ANI
New York, Feb 18 (ANI): Michael Jackson's estate has made a whopping 310 million dollars since the singer's drug overdose death in June 2009.New documents obtained by TMZ reveal that the ... Read more...

Posted in Entertainment |

Man strangulates son to implicate friends


February 15th, 2011 - 9:02 pm ICT by IANS
New Delhi, Feb 15 (IANS) Unable to return a loan of Rs.1.5 lakh to his friends, a man strangulated his four-year-old son in the capital to implicate the creditors in the murder, ... Read more...

Posted in Uncategorized |

ECB faces legal threat over ill-gotten’ Stanford gains


February 3rd, 2011 - 6:16 pm ICT by ANI
London, Feb.3 (ANI): The England and Wales Cricket board faces the threat of legal action to return 3.5 million dollars it received from the ill-fated deal with disgraced financier Sir Allen Stanford.According ... Read more...

Posted in Sports |

Kijafa Frink And Michael Vick Have To Continue With Strict Budget


December 5th, 2010 - 12:31 pm ICT by GD
By Meena Kar Dec 4, (THAINDIAN NEWS) It has been long since Michael Vick was pronounced as bankrupted under Chapter 11. However, despite the financial problems that has to encounter along with ... Read more...

Posted in Sports |

Chile firm to sell mine from which 33 men rescued to avoid bankruptcy


November 26th, 2010 - 6:15 pm ICT by ANI
London, Nov 26(ANI): The San Esteban Mining Company, which owns the Chile mine from which 33 men were rescued in October, has agreed to sell its assets to avoid bankruptcy, a Chilean ... Read more...

Posted in Sports |

National Enquirer Publisher Files for Chapter 11 Bankruptcy


November 18th, 2010 - 10:10 pm ICT by Angela Kaye Mason
Nov 18 (THAINDIAN NEWS) American Media Inc, which is the publisher for the well known gossip tabloids known as the ‘National Enquirer’ and ‘Star’ filed for Chapter 11 Bankruptcy Protection on ... Read more...

Posted in Business |

Don’t watch ‘Natobar Not Out’ for Tagore connection (Bengali Film Review)


November 16th, 2010 - 9:52 am ICT by IANS
By Kathakali Jana Film: "Natobar Not Out (NNO)"; Directed by Amit Sen; Produced by Bunch of Buddies Entertainment Pvt Ltd; Cast: Mustafa Prokash, Raima Sen, Ananya Dutta, Kharaj Mukherjee, Ramaprasad Banik; Rating: **With ... Read more...

Posted in Entertainment |

Tribune CEO Randy Michaels Resigns For His Lack Of Decorum


October 25th, 2010 - 8:04 pm ICT by GD
By Meena Kar Oct 25, (THAINDIAN NEWS) Randy Michaels, the Chief Executive Officer of the well known media house, "Tribune" had to resign from his post on October 23, after he was alleged ... Read more...

Posted in Business |

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