Two directors of a joinery firm which traded while “hopelessly insolvent” could be disqualified from involvement in companies for between five and 10 years, a High Court judge has said. Ann O’Loughlin of the Irish Examiner writes that Mr Justice Robert Haughton said he would hear submissions later on what period of disqualifications he would…
AFP on May 19, 2017, 12:05 am France’s Tapie must repay 404 mn euros over Adidas sale: court Paris (AFP) – French tycoon Bernard Tapie must repay the 404 million euros ($449 million) he received to settle his long-running dispute with the state over the sale of sports equipment maker Adidas, an appeals court ruled…
CESC Ltd, the Rs 32,000 crore RP Sanjiv Goenka group flagship company may consider business restructuring plan at tomorrow’s board meet. CESC sources last month had indicated that a business restructuring plan might be taken up to unlock value. A consultant had already submitted to the company its recommmendations on a business plan. An exercise…
May 18th, 2017 CanIndia New Wire Service 0 comments 2 Kolkata, May 18 (IANS) Power utility CESC Ltd announced a business restructuring scheme which is based on demerger of certain existing businesses, groups Chairman Sanjiv Goenka said on Thursday. This (the restructuring scheme) will lead to four entities focusing on generation, distribution, organised retail and…
Power utility CESC Ltd announced a business restructuring scheme which is based on demerger of certain existing businesses, group’s Chairman Sanjiv Goenka said on Thursday. “This (the restructuring scheme) will lead to four entities focusing on generation, distribution, organised retail and other ventures,” he said. All four entities will be listed with stock…
Greece’s parliament today was to approve a new round of austerity cuts, hoping to secure a pledge of debt relief and loan payment approval by the country’s EU-IMF creditors this month. Leftist Prime Minister Alexis Tsipras has a slim majority in parliament sufficient to pass the bill this evening. Overall, the bill to be approved…
Lenovo, the largest PC maker in the world by shipments, announced plans to restructure its business in China in a move to turn around weak sales across its major product lines. Chairman Yang Yuanqing said in a Weibo post its China business will be reorganisd into two divisions a consumer focused PC and smart devices…
A BUILDING supplies company which traded successfully in Townsville for 30 years has collapsed into liquidation with debts of close to $2 million. Robert Humphreys and Moira Carter of BRI Ferrier were appointed liquidators to Nu-Lite Glass & Aluminium on April 27 and convened the first creditors meeting in Townsville this week. Mr Humphreys said…
BEIJING – While the Chinese economy returned to a stabilizing trend in April after a stronger-than-expected first quarter, the traction behind its firm steps is somehow different from what it used to be. Though the official April economic indicators were basically flat or even softened slightly from the March level, strides are being made on…