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India updates the modified bankruptcy code (IBC) to prevent intentional defaulters and errant developers from bidding on auctioned assets – Quartz

India stuck a nail in the coffin of habitual loan defaulters. Incumbent volunteers, promoters of loan accounts under stress for one year, those who usually do not meet the repayment terms, and the promoters of companies that go under the hammer earned & # 39; I get to make one more offer for the assets that are settled according to …

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Why the largest bank in the United States digs the anonymous cryptocurrency

Regardless of what JPMorgan Chase CEO Jamie Dimon wanted to say last month when he called Bitcoin "fraud", he does not seem to see his blockchain in the same way. Your bank is at the forefront of the effort to adapt technology for use in the financial industry. Even more surprising, however, is JPMorgan's collaboration with the people behind a …

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China will reduce tariffs on imported products, including baby formula

Bloomberg News November 23, 2017 at 10:45 p.m. EST Updated on November 23, 2017, at 11:32 p.m. EST China said it will further reduce import taxes for a wide range of consumer goods, including several categories of baby formula, in an attempt to boost consumption. Dairy stocks in the country fell. Average rates for 187 product categories ranging from baby …

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The Tesla semi-trailer has a surprisingly competitive price

Regarding the $ 180,000 model, it's still around $ 60,000 more than a diesel-powered semi truck. However, the Semi could cost around 20 percent less, according to Tesla estimates, saving more than one million miles at around $ 250,000. The Tesla Semi will enhance the truck driver's experience with an improved Autopilot (automatic emergency braking, automatic lane maintenance, and lane …

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Bankruptcy Code: Insolvency Ordinance: lenders say they will be beaten

MUMBAI: The amendment to the Insolvency and Bankruptcy Code (IBC) that prohibits developers from bidding on their own distressed companies could affect lenders, since it would reduce the value of these assets, at least three main bankers said to ET. "We do not care about the haircut, but we do not want to get bald," said SBI President Rajnish Kumar. …

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It's not even Black Friday and online sales are exploding

Adobe published its annual holiday predictions for online revenue on Wednesday, and the figures give hope for a recovering retail market. Adobe figures are based on a sample of 4,500 retail websites, 55 million stock keeping units and more than one billion website visits. During the first 21 days of November, online sales have added $ 28.58 billion, an increase …

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China staggers after the worst day in months

SHANGHAI (Reuters) – Chinese stocks wobbled in volatile trading on Friday morning as investors grappled with the biggest sell-off in months of the previous day, with new steps by the government to curb financial risks and a defeat in the bond market undermining trust. The CSI300 Index index .CSI300 opened and then rose to positive territory before returning to red …

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KKR raises the offer of Hitachi Kokusai for the second time in the Rally of Actions

By November 23, 2017, 10:42 PM EST Updated on November 23, 2017, 11:23 PM EST KKR & Co. raised its offer for ] Hitachi Kokusai Electric Inc., for the second time after a rebound in the shares of the chip systems manufacturer, stimulated many investors, including Elliott Management Corp., to seek a higher price from the buying company. The New …

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