WIRECARD FILED FOR INSOLVENCY AFTER BEING TROUBLED BY THE SCANDAL

Highlights –

• German payments company Wirecard has filed for insolvency.
• It plans to proceed with its business activities after being done so.
• Wirecard owes its creditors almost $4 billion; problem in the balance sheet.
• The ...

DOOSAN HEAVY INDUSTRY ON THE BRINK OF INSOLVENCY

Highlights –

• Doosan Heavy Industry’s insolvency can trigger chain bankruptcies
• Company has been virtually out of work since 2017
• The company laid off more than 1,000 employees and cut the number of management by half

‘BODYFRIEND’ CONSIDERS TO ACQUIRE ‘MEDICAL DREAM’

Highlights –

• Bodyfriend considers to acquire Medical Dream
• Medical Dream asks for court protection until a new owner is found
• Medical on the brink of insolvency

Well known South Korean massage chair maker ‘Bod...

India’s economy is expected to rebound in 2020

The Confederation of Indian Industry (CII), said on Sunday that India’s economy is expected to rebound in 2020. It suggests that gradual recovery from the slow down shall soon be in place. 

It can be accounted to the measures taken by the RBI and government along with easing ...