Wipro, Indias third-largest software services exporter, reported on Wednesday fourth-quarter net profit slumped 20.5% from a year earlier to 1,800 crore after it made provisions for two insolvent customers. Wipros weak earnings contrast with the healthy profits posted by larger competitors Infosys and TCS. Earlier this month, Infosys said net profit for the fourth quarter…
In a revealing insight into the unregulated art auction industry, the administrator’s report for the failed Mossgreen art auction house alleges the company breached nine separate sections of the Corporations Act. The 100-page report, prepared over four months and distributed to more than 300 creditors this week, found the company once the nation’s biggest…
A COURT hearing that ended in Salim Mehajer being declared bankrupt should have been adjourned because the controversial Sydney businessman was in jail at the time, his lawyer says. The former Auburn deputy mayor was declared bankrupt by a Federal Circuit Court judge in March, before he was granted bail in early April over claims…
SCOTTISH corporate insolvencies in the first quarter were up by 67 per cent on the same period of last year, official figures have revealed. Tim Cooper, who chairs insolvency trade body R3 in Scotland, highlighted his view that the latest figures signalled a return to a trend of rising corporate insolvencies which began in early…
A court hearing that ended in Salim Mehajer being declared bankrupt should have been adjourned because the controversial Sydney businessman was in jail at the time, his lawyer says. The former Auburn deputy mayor was declared bankrupt by a Federal Circuit Court judge in March, before he was granted bail in early April over claims…
Coincidentally a day after Erick Lindgren almost won his first major poker tournament in years, divorce court documents revealed Pete Rose, Major League Baseballs all-time hits leader, is still an avid gambler, 29 years after being banned from baseball for life for betting on games he managed. Pete Roses wife Carol claims her husband continues…
A court hearing that ended in Salim Mehajer being declared bankrupt should have been adjourned because the controversial Sydney businessman was in jail at the time, his lawyer says. The former Auburn deputy mayor was declared bankrupt by a Federal Circuit Court judge in March, before he was granted bail in early April over claims…
According to the papers, the total trading debt on account of sale of fabric (Trading Transactions) to various traders of Alok (numbering approximately 5,293) (Trading Debtors) as at June 2017 amounted to about Rs 11,622 Crores. Steps taken by the resolution professional (RP) for Alok Industries to recover trade outstandings to the tune of Rs…
A court hearing that ended in Salim Mehajer being declared bankrupt should have been adjourned because the controversial Sydney businessman was in jail at the time, his lawyer says. The former Auburn deputy mayor was declared bankrupt by a Federal Circuit Court judge in March, before he was granted bail in early April over claims…
Onevue Holdings Ltd () has undertaken major restructuring initiatives in recent months, resulting in some share price underperformance. However, the March quarter update provided on Tuesday points to a much cleaner business focused on its core competencies across the financial services sector. The company has three divisions – fund services, platform services…