Marvell’s New Management: What’s in Store for Investors? PART 6 OF 12 By Paige Tanner | Dec 8, 2016 1:39 pm EST Marvells Mobile and Wireless segment Marvell Technology Groups (MRVL) Mobile and Wireless segment completes its cycle of storing, moving, and accessing data. This segment has been reporting strong declines after fiscal 4Q16 because…
The country’s largest hot-rolled steelmaker, Sahaviriya Steel Industries Plc (SSI), may be able to move forward with its business rehabilitation plan this month if the Central Bankruptcy Court approves the plan. The court is scheduled to make a ruling on Dec 15. Hot-rolled coil production at the SSI plant in Prachuap Khiri Khans Bang Saphan…
HYDERABAD: The Institute of Company Secretaries of India (ICSI) has stepped up efforts to train and produce insolvency practitioners citing that the sector has huge need of professionals.ICSI has set up Insolvency Professional Agency to train insolvency professionals as there is huge need for professional in this sector and there is also huge growth potential.…
. The Cabinet yesterday agreed to liquidate the Rakna Araksha Lanka Limited following consultations with the Attorney General when President Maithripala Sirisena presented a cabinet paper in his capacity as the Minister of Defense. Parallel to the liquidation, it also proposes to assign the tasks of providing security in land to Civil Security…
Ericssons cost reduction plan aimed at saving the company more than $1.05 billion in expenses by year-end 2017 is progressing ahead of schedule. While this means that no further layoffs are planned for the companys workers in Sweden, it will result in higher restructuring costs in 2016. Ericsson said that total restructuring costs for 2016…
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THE INSOLVENCY Service has managed to secure fifty six debt release orders (DRO) for debtors who were unable to repay dues of up to twenty five thousand Euro, as a result of the economic crisis. So far 1,019 applications have been submitted from citizens who request a debt write-off, head of the Insolvency Service Costas…
Watpac claims it is owed $3.2 million for mining services work carried out, at the request of KordaMentha, at Pluton Resource’s Cockatoo Island. Brendon Thorne Property developer and mining contractor Watpac has lashed insolvency firm KordaMentha after launching legal action against three of its partners as it seeks $3.2 million for work on an iron…
John Haddock, CHAMP Private Equity CEO: A non-deal roadshow for CHAMP’s Accolade is underway. Treasury Wines Estates has added a little wrinkle to the potential float of Accolade Wines by terminating a wine bottling deal in the United Kingdom with the ASX aspirant. Treasury has given Accolade notice that it intends to cease a wine bottling…
Rupee depreciation has increased Jet Airways’ finance cost and fund raising can help the airline pare its Rs 12,000 crore debt, say analysts. About 80 per cent of the airline’s debt is dollar denominated and it spends about 5 per cent of its revenue on interest payments. A Bloomberg report on Thursday…