Financial Distress
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CoinSwitch Announces Rewards-Backed Initiative for WazirX Users to Recover Around Rs. 600 Crore
CoinSwitch has announced a recovery programme for distressed WazirX users. The plan is estimated to help WazirX users recover at least Rs. 600 crore over a period of two years. Meanwhile, WazirX is preparing to present its restructuring plan in a Singapore court on January 22, after which it plans to extend the proposal to its creditors.
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Chinese Tricksters Take Cue From Squid Game To Prey On The Indebted
In China's take on Squid Game, fraudsters are preying on the financially distressed in a slumping economy with promises of prize money, debt restructuring and other schemes that are not always what is promised.
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Kerala Financially Distressed Due To Poor Governance By UDF, LDF: Nirmala Sitharaman
Nirmala Sitharaman on Thursday said that, according to RBI, Kerala is one of the top five financially-stressed states in India, and alleged that this was due to the poor governance of successive UDF and LDF governments in the state.
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Kerala Dentist Ordered To Pay Rs 2 Lakh For Damaging Patient's Five Teeth
The Commission found that negligence in the treatment by the dental surgeon destroyed the healthy teeth of the complainant and caused her mental distress and financial loss.
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Pakistan International Airlines Partially Restores Cancelled Flights
Pakistan International Airlines has resorted to widespread flight cancellation, leaving thousands of passengers in distress as the national flag carrier's financial situation went from bad to worse.
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OTT Platforms in India Using 5G Networks Without Paying Up, Claims COAI DG
Cellular Operators Association of India Director General S P Kochhar on Thursday made a case for sharing profit between OTT players and telecom companies for using 5G networks. "While telcos carry their traffic of voice and data, majority of the use of these networks is done by OTT players who load these networks with massive amounts of data which...
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UK's Second Biggest City Declares Financial Distress
The UK's second biggest city on Tuesday admitted that it cannot balance its books, blaming Conservative governments for years of under-funding.
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China's Economy, World's Second-Largest, In Deep Distress: Report
China's economy, the world's second-largest, is now in deep distress and its successful model of growth for 40 years stands "broken", a prominent American financial publication has said.
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Banks Can Now Go For Compromise Settlement Of Wilful Defaults, Fraud Accounts
In order to ensure maximum recovery from distressed assets, the Reserve Bank of India has allowed banks to go for compromise settlement of fraud accounts and wilful defaults.
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Your Data Is at Grave Risk: Here Are 6 Ways to Protect It From Hackers
Data breaches can prove expensive to users since hackers are bound to use the information for social engineering (advanced phishing), scamming, ransomware, spamming and marketing, causing users immense amount of distress and financial losses too in many cases. Here's how companies can protect their data from hackers and make it secured against data...
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Senior BCCI Scorers Appeal To Sourav Ganguly For "Retirement Benefits"
On behalf of the 17 senior BCCI scorers, Vivek Gupta appealed via an email to Sourav Ganguly, asking for help for the financially distressed section of Indian cricket's ecosystem.
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Students, Research Scholars Await Government Scholarships Amidst Pandemic
After a second-year student died by suicide stating financial distress in the note left, many students and research scholars have come together forming groups on digital platforms asking the government to release their dues pending from a long time.
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Terrorists Exploiting Financial, Emotional Distress Caused By Lockdowns: India At UN
Due to widespread COVID-19, terrorists are making malevolent attempts to exploit the financial and emotional distress caused by lockdowns to disturb the cohesiveness of societies, India said at the 45th session of Human Rights Council.
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"She Was 9 When She Identified Kasab": MLA's Appeal To Uddhav Thackeray
Devika Rotawan, the girl who identified terrorist Ajmal Kasab in court after she was shot by the gunman during the 26/11 Mumbai attacks, faces severe financial distress and needs immediate assistance, Maharashtra MLA Zeeshan Siddique said Monday
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Roll Out Loan Resolution Schemes By Mid-September: Nirmala Sitharaman To Banks
Finance Minister Nirmala Sitharaman also said that COVID-19-related distress must not impact their assessment of borrowers' creditworthiness.
-
CoinSwitch Announces Rewards-Backed Initiative for WazirX Users to Recover Around Rs. 600 Crore
CoinSwitch has announced a recovery programme for distressed WazirX users. The plan is estimated to help WazirX users recover at least Rs. 600 crore over a period of two years. Meanwhile, WazirX is preparing to present its restructuring plan in a Singapore court on January 22, after which it plans to extend the proposal to its creditors.
-
Chinese Tricksters Take Cue From Squid Game To Prey On The Indebted
In China's take on Squid Game, fraudsters are preying on the financially distressed in a slumping economy with promises of prize money, debt restructuring and other schemes that are not always what is promised.
-
Kerala Financially Distressed Due To Poor Governance By UDF, LDF: Nirmala Sitharaman
Nirmala Sitharaman on Thursday said that, according to RBI, Kerala is one of the top five financially-stressed states in India, and alleged that this was due to the poor governance of successive UDF and LDF governments in the state.
-
Kerala Dentist Ordered To Pay Rs 2 Lakh For Damaging Patient's Five Teeth
The Commission found that negligence in the treatment by the dental surgeon destroyed the healthy teeth of the complainant and caused her mental distress and financial loss.
-
Pakistan International Airlines Partially Restores Cancelled Flights
Pakistan International Airlines has resorted to widespread flight cancellation, leaving thousands of passengers in distress as the national flag carrier's financial situation went from bad to worse.
-
OTT Platforms in India Using 5G Networks Without Paying Up, Claims COAI DG
Cellular Operators Association of India Director General S P Kochhar on Thursday made a case for sharing profit between OTT players and telecom companies for using 5G networks. "While telcos carry their traffic of voice and data, majority of the use of these networks is done by OTT players who load these networks with massive amounts of data which...
-
UK's Second Biggest City Declares Financial Distress
The UK's second biggest city on Tuesday admitted that it cannot balance its books, blaming Conservative governments for years of under-funding.
-
China's Economy, World's Second-Largest, In Deep Distress: Report
China's economy, the world's second-largest, is now in deep distress and its successful model of growth for 40 years stands "broken", a prominent American financial publication has said.
-
Banks Can Now Go For Compromise Settlement Of Wilful Defaults, Fraud Accounts
In order to ensure maximum recovery from distressed assets, the Reserve Bank of India has allowed banks to go for compromise settlement of fraud accounts and wilful defaults.
-
Your Data Is at Grave Risk: Here Are 6 Ways to Protect It From Hackers
Data breaches can prove expensive to users since hackers are bound to use the information for social engineering (advanced phishing), scamming, ransomware, spamming and marketing, causing users immense amount of distress and financial losses too in many cases. Here's how companies can protect their data from hackers and make it secured against data...
-
Senior BCCI Scorers Appeal To Sourav Ganguly For "Retirement Benefits"
On behalf of the 17 senior BCCI scorers, Vivek Gupta appealed via an email to Sourav Ganguly, asking for help for the financially distressed section of Indian cricket's ecosystem.
-
Students, Research Scholars Await Government Scholarships Amidst Pandemic
After a second-year student died by suicide stating financial distress in the note left, many students and research scholars have come together forming groups on digital platforms asking the government to release their dues pending from a long time.
-
Terrorists Exploiting Financial, Emotional Distress Caused By Lockdowns: India At UN
Due to widespread COVID-19, terrorists are making malevolent attempts to exploit the financial and emotional distress caused by lockdowns to disturb the cohesiveness of societies, India said at the 45th session of Human Rights Council.
-
"She Was 9 When She Identified Kasab": MLA's Appeal To Uddhav Thackeray
Devika Rotawan, the girl who identified terrorist Ajmal Kasab in court after she was shot by the gunman during the 26/11 Mumbai attacks, faces severe financial distress and needs immediate assistance, Maharashtra MLA Zeeshan Siddique said Monday
-
Roll Out Loan Resolution Schemes By Mid-September: Nirmala Sitharaman To Banks
Finance Minister Nirmala Sitharaman also said that COVID-19-related distress must not impact their assessment of borrowers' creditworthiness.
