Ganderbal/Srinagar, October 08 (Scoop News) – Chief Minister, Omar Abdullah Monday underlined the need for enhancing credit flow by financial institutions to help economic growth and generate employment avenues for youth. This, he said, would also boost agriculture production and encourage entrepreneurs to launch independent livelihood earning ventures. “Agriculture and allied sectors are thrust […]
Mukesh Ambani run RIL gets highest grade from Fitch Ratings
<P>Fitch Ratings, a world renowned global rating agency, affirmed its highest grade in favor of Mukesh Ambani run Reliance Industries Limited (RIL) for its long-term national rating, credited to the company’s strapping profile in the oil and gas segments. The agency also allotted moderate ratings on RIL’s long-term Foreign Currency and Local Currency issuer default […]
Chrysler’s Secured Creditors Lose $4.9 Billion
William Shakespeare got it wrong. His famous saying should have been “Never a lender be, because the borrowers will buy off the bankruptcy judge”. The sad thing about the current era is that the US Government is doing everything in its power to undermine the rights of lenders. The US Government wonders why Americans don’t […]
Mehbooba reiterating her demand,security forces be sent back to barracks & their special powers be w
Srinagar(J&K), June 2 (Vijay Kumar) – Peoples Democratic Party president Mehbooba Mufti reiterating her party’s demand that the security forces be sent back to barracks and their special powers be withdrawn .Mehbooba said nothing short of that could restore people’s confidence in the state apparatus and prevent recurrence of gross human rights violations. She […]
General Motors Chapter 11 Bankruptcy Looming After Unsecured Creditors Reject Debt/Equity Swap
After weeks of speculation on Wall Street that General Motors Corp ("GM") would be unable to secure the 90% needed participation rate in swapping roughly $27.2 billion (face value) of unsecured debt into equity, GM officially confirmed this morning the exchange offer has failed, pushing GM inevitably closer to a Chapter 11 bankruptcy filing. Wall […]
Toyota forecasts first operatingloss in 71 years
Toyota Motor Corp, the world’s second-largest automaker, forecast its first operating loss in 71 years on plummeting demand, prompting Moody’s Investors Service to consider downgrading the company’s top-rated credit. The carmaker will post a 150 billion yen ($1.7 billion) loss in the year through March, it said in a statement on Monday, scrapping a previous […]
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