Madam Speaker, I rise to present the Budget for the year 2016-17.2. I am presenting this Budget when the global economy is in serious crisis. Global growth has slowed down from 3.4% in 2014 to 3.1% in 2015. Financial markets have been battered and global trade has contracted. Amidst all these global headwinds, the Indian…
White & Case has hired insolvency specialist Damien Whitehead as a local partner in Hong Kong from Herbert Smith Freehills, where he was that firms restructuring and insolvency head for Greater China. Whitehead advises corporates, financial institutes and insolvency practitioners on contentious and non-contentious restructuring and insolvency transactions. He also specialises in commercial disputes with…
NEW DELHI: The Union Budget 2016-17 presented by finance minister Arun Jaitley turned out to be positive for some sectors and negative for others. At 1.35 PM, the BSE Sensex was trading 48 points lower at 23,202. PSU banking counter was in focus after key Budget announcements. PSU banks rallied up to 11 per cent.…
Here’s the full budget speech of Union Finance Minister Arun Jaitley. Madam Speaker, Here’s the full budget speech of Union Finance Minister Arun Jaitley.
“This appears to be the biggest lay-offs at the company in the last seven years,” the source, who did not want to be named, told The Nation. The 100 employees will be laid off with effect from tomorrow. GMM Grammy is reportedly also considering cutting more jobs from its current staff strength of 3,000 employees.…
Just when the Australian dollar is starting to bounce back against the US dollar after dipping last year, the local market is now being hit by the fluctuations in the Chinese economy. This has knock-on effects for Australian businesses. As Australias largest trading partner, Chinas economic troubles is putting some pressure on the insolvency landscape,…
Making or having lots of money is not equal to making a profit in business. Most businesses close because of different cash mirages that occur leading to failure to optimise their business. In this article, we are going to identify three different mirages that can occur to a business which then obstruct its ability to…
Leave it to a dad to put the current political landscape into Harry Potter terms. That is what Brian Rutter does. For him, Bernie Sanders is a muggle. Here is why. To the generation who grew up mesmerized and transfixed by the magical, mystical world of Harry Potter, and who now flood the webosphere with…
Slater & Gordon chief executive Anbrew Grech. Photo: Josh Robenstone Slater & Gordon has announced a first-half loss of almost $1 billion after it slashed the value of its United Kingdom assets by $814.2 million. The huge write-down comes after less than a year after it paid $1.3 billion to acquire the professional services division…
Inbal Or today presented herself at the to the offices of the Israel Tax Authority for further interrogation concerning the issuing of false invoices and tax evasion allegedly amounting to millions of shekels. Apartment purchasers are also making allegations against her of fraud. Court petitions were filed today for the appointment of a temporary receiver…