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Tag: interest

Late payments on GeM will incur interest, Retail News, ET Retail

NEW DELHI: The Centre has approved charging of interest on delayed payments on the government e-marketplace (GeM), a move aimed at promoting greater discipline and timeliness in settling payments to vendors. The Centre has been repeatedly emphasising the need for prompt payment to vendors, particularly those from the MSME sector. The government’s views on the …

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Mall owner CBL says it’s in forbearance over skipped interest payment

CoolSprings Galleria Mall, Franklin, TN Source: CBL Properties Mall owner CBL & Associates said Wednesday it has entered into a forbearance agreement with its lenders over a missed interest payment.  With bills piling up and many of its retail tenants opting to not pay rent during the coronavirus pandemic, CBL did not make an $11.8 …

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JC Penney says it skipped a $12 million interest payment

Pedestrians pass a JC Penney store in New York. Scott Mlyn | CNBC J.C. Penney said Wednesday that it has chosen not to make a roughly $12 million interest payment due on April 15, as the coronavirus pandemic takes a toll on its business. It is entering into a 30-day grace period “in order to evaluate …

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Deferred interest deals and store credit cards could cost you big time

Holiday shopping doesn’t need to break the bank. As shoppers scramble to take advantage of seasonal deals, there’s one offer you probably don’t want to jump on. Store credit card deals may sound like a steal. However, beware the fine print that can cost you more than you bargained for, according to recent research from …

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Even if there is a Brexit deal, a UK interest rate cut seems likely | Nils Pratley | Business

Call it a full house of poor economic news. The services sector is contracting, according to the purchasing managers’ index, joining the manufacturing and construction industries in negative territory. In big picture terms, there are no bright spots. The official data, which measures actual economic activity as opposed to managers’ view of prospects, may yet …

Even if there is a Brexit deal, a UK interest rate cut seems likely | Nils Pratley | BusinessRead More

Walmart reportedly fields outside interest in JetBlack

Get great content like this right in your inbox. Subscribe Is Walmart thinking of divesting JetBlack? Walmart has received interest from outside parties about its members-only personal shopping service, JetBlack, which could ultimately lead to partnerships, a spin-off or a sale of the online business, reported Bloomberg. JetBlack was the first business to launch from …

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