A Division Bench of the National Company Law Tribunal (NCLT), Chennai, has ordered starting of Corporate Insolvency Resolution Process against liquor manufacturing company Empee Distilleries. The Bench has also appointed V Venkata Siva Kumar as the Interim Resolution Professional to take charge of the companys affairs immediately. The Bench passed the order based on a…
Debt is always the hardest to manage, and you can easily find that there are so many companies which are trying hard to get rid of it. Maintaining debt is always the biggest issue; even most of the large companies also stay strategic and do not mess with it. But, if you have debt…
Canadian plane and train makerBombardier, announced today that it will slash 5,000 jobs in a sweeping corporate restructuring plan over the next 12 to 18 months. The Montreal-based company also announced the sale of what it called a number of non-core assets. The company will sell itsQ Series aircraft program andde Havillandaerospace trademark to a…
Third man admits guilt in gambling, kidnapping plot; victim worked with officialsA Dorchester man who was indicted for his role in the kidnapping and beating of another man over a gambling debt in 2016 pled guilty last week in federal court. Kim Nguyen is one of four Dorchester men who allegedly participated in the plot.…
by James Fernyhough Optus has reporteda 20 per cent fall in net profit for the first half of the financial year, blaming lower NBN migration charges and workforce restructuring costs. In the six months endedSeptember, Optus reported a net profit of $259 million, down from $325 million in the previous corresponding period. The fall for…