JSPL Pins Hopes on Better Earnings to Pare Debt by Q4Naveen Jindals flagship company JSPL is pinning its hopes on improvement in earnings in its steel and power businesses to pare its Rs 46,000-crore debt burden by the fourth quarter of this year. We have put a single-minded focus on restructuring our debt. We expect…
Fashion chain Tuunte was declared bankrupt by the court in Zutphen on Tuesday, director Louis van Andel announced. He already informed the 250 employees working in the 45 Tuunte stores. The stores will likely remain open for the time being, and a bankruptcy administrator will investigate whether a restart is possible, ANP reports. Tuunte’s stores…
What happens when fresh talent meets a business opportunity? Although we hope this would result in a brilliant and fruitful business venture, it rarely plays out that way. More often, we see young entrepreneurs stuck in an impossible financial mess. Part of it comes from inexperience, and part of it originates from the negative impression…
Human Services Minister Alan Tudge is confident sweeping reforms will pass parliament, banning online gambling sites operating in Australia from offering lines of credit to their customers. The legislation is expected to pass the Senate on Wednesday. “Importantly (it) bans the online gambling companies from offering lines of credit to their customers which gets people…
By Bhuma Shrivastava, P R Sanjai and George Smith Alexander Nearly six months after his turbulent elevation to run Indias biggest conglomerate, Natarajan Chandrasekaran is assembling a team of dealmakers to refocus some of the groups biggest businesses, expand its financial services and consumer businesses and sell or merge dozens of smaller units, according to…
If you suspect some sneaky Jedi mind tricks are beating your efforts to save, you’re on the money. Australia’s soaring household debt, the largest of any advanced economy excluding Switzerland, shows that saving doesn’t come easily to a lot of us. Australia’s soaring household debt, the largest of any advanced economy excluding Switzerland, shows that…
Golf course produces less of a loss | Poll exit IT WASNT a profit, but it was less of a loss. Leeton Shire Council has released its 2016-17 financial year figures for the towns golf course. While the facility still isnt close to turning a profit, in fact not many in the state do, the…