Tag: debt

Vijay Mallya declared bankrupt for Indian banks to realise debt

It paves way to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines. A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the SBI to pursue a worldwide freezing order to seek repayment of […]

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Opinion: Big losses ahead for markets? Jeremy Grantham’s terrifying new forecasts

If you have a 401(k) and you’re of a nervous disposition, you probably don’t want to look at the chart above. Even by the standards of GMO, the super-cautious money management firm in Boston best known for its famous co-founder Jeremy Grantham, it’s terrifying. It shows about the worst medium-term forecasts on record for pretty […]

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