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…
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…
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…
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…
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…
The chief executive of Sydney telco South Western Wireless Communications Company has pinned the downfall of his company on his co-director’s decision to withdraw funding from the business. SWWCC director and former chief executive Geoffrey Peach told administrator Farnsworth Shepard that a cessation of funding from other director and chairman Peter Bartter was key to the company’s financial difficulties. …
The former head of a bank in Tajikistan that collapsed under the weight of bad loans has been arrested on suspicion of various illicit financial machinations. Asia-Plus news website cited unnamed sources on April 25 as saying that Jamshed Ziyoyev, ex-chairman of Tojprombank, is being kept at a holding cell in the capital, Dushanbe. Prosecutors are reportedly…
Wipro, one of the largest IT services providers in the country, will announce its earnings for the March quarter and financial year 2017-18 on Wednesday. It would be the third Nifty-listed IT company to announce results after Infosys and TCS this earnings season. Both TCS and Infosys posted decent sets of numbers, either in-line or better than…
Hearings started April 24 in a court case related to the collapse of the bank Latvijas Krjbanka (Latvian Savings Bank) in 2011 in murky circumstances, reports LTV’s Anete Brtule. Riga Regional Court is hearing the appeal case which follows a case brought by the bank’s administrators, KPMG Baltic, against former members of the board of Latvijas Krjbanka. It…
NorthCapital Holding ApS is an international investment company with its registered office in Copenhagen, Denmark. It is primarily active in the fields of gemstones, oil and gas. However, the company also invests in companies of the financial and production sector. Thus, within the scope of its merger & acquisition strategy, the company today acquired Starz…