Court has already rejected one bail request from ex-Nissan boss, saying he is a flight risk Carlos Ghosn has vowed to remain in Japan in the unlikely event he is granted bail, even offering to wear an electronic ankle tag and hire security guards to track his every move as he awaits trial on financial misconduct charges. The

The changes may relax the ‘connected party’ clause, and may allow promoters of defaulting companies to bid, but with riders The government may tweak Section 29A of the Insolvency & Bankruptcy Code (IBC) to expedite resolution cases to also ensure that banks recover much of the amount lent as possible. The changes will include a relaxation

Eddie Stobart Logistics saw sales race ahead last year as the road haulier was improved by new contract wins. The logistics firm reported a 35 per cent rise in full-year revenue to £843 million in the 12 months to November 30, which is ahead of market expectations. The boost was driven by £162 million of

A year after its global reveal, Toyota has launched the new Camry in India for the price of Rs 36.95 lakhs (ex-showroom Delhi). The eight-generation Camry moves to a new global platform thus growing in size while the all-new cabin now comes with a host of new features. The flagship sedan is available in a single hybrid trim in

Firms under strain as they tie up money in stockpiling materials, says Santander British manufacturers are being forced to build up financial buffers in preparation for a no-deal Brexit as the cost of stockpiling goods and materials puts companies under strain. Measures taken by manufacturers to prepare for a disorderly exit include creating cash cushions and taking

Les Moonves, the ex-CBS boss who got bounced last fall amid a slew of sexual misconduct allegations, is fighting the company’s decision to deny him a $120 million severance package. The disgraced media mogul — moving ahead with plans for a counter-attack that were first reported by The Post last month — will make his case in

Reliance Industries Ltd. plans to monetise its tower and fibre assets to reduce a debt of more than Rs 1.7 lakh crore. The oil-to-telecom conglomerate, in an analyst meet after announcing December-quarter results, said its telecom arm will look to monetise the assets through a special purpose vehicle where cash flows are predictable. Also, Reliance

Ticket website has been ordered to publish full details of sellers by midnight on Thursday A millionaire super-tout and a ticket fraudster’s wife have been revealed as some of the people using the much-criticised ticket website Viagogo to make money from music and sports fans. From midnight on Thursday the site must publish the names of touts

Japanese giant unable to agree deal with UK as fears grow for Anglesey atomic plant• Does this mean the end of UK’s new nuclear dream? Hitachi has scrapped plans to build a nuclear power station in Wales, becoming the second firm in two months to abandon a major nuclear project and triggering “a full-blown crisis” for the UK