NEW DELHI: The Economic Survey 2015-16 invokes the legend of the Charkravyuha from Mahabharata describing the ability to enter but not exit, with seriously adverse consequences. The Indian economy has made great strides in removing barriers to entry for firms, talent, and technology but less progress has been made in relation to exit, says the…
A Russian arbitration court in Kurgan in the south Urals has ruled that there are no legal grounds for having Kurganmashzavod, Russia’s sole producer of infantry fighting vehicles, declared bankrupt. Kurganmashzavod is a subsidiary of Russia’s Tractor Plants Group. “The court has taken into account the law on bankruptcy that establishes a special procedure for…
GEORGE HEARD/FAIRFAX NZ While creditors of Stonewood Homes anxiously wait to hear whether they will be paid, the case is being cited as a reminder of directors’ responsibilities. In the wake of the Stonewood Homes collapse directors are being reminded that they face tough financial penalties if they fail to meet their legal responsibilities. Gerard Dale, a corporate…
MUMBAI: Indian government action to increase spending on irrigation and crop insurance is not enough to end a cycle of indebtedness that has led to thousands of farmer suicides, and a complete overhaul of credit and subsidies to farmers is needed, activists said. Drought in many parts of the country has hit rice, cotton and…
GEORGE HEARD/FAIRFAX NZ While creditors of Stonewood Homes anxiously wait to hear whether they will be paid, the case is being cited as a reminder of directors’ responsibilities. In the wake of the Stonewood Homes collapse directors are being reminded that they face tough financial penalties if they fail to meet their legal responsibilities. Gerard Dale, a corporate…
FSA Group is investing heavily in anticipation of growth and the risks are manageable. Want to access this article for free? Sign up for a FREE 15 day trial, no credit card required SIGN UP FOR FREE The problem with FSA Group isnt that net profit fell 17% to $5.8m in the six months to…