Bengaluru, January 25: Wipro has posted a modest increase in net profit as it faced headwinds from clients hesitant in investing in new technology areas, coupled with restructuring efforts in India and West Asia East businesses, but said it plans to finish the restructuring by the end-June. The company also issued a muted revenue guidance…
Toshibas board is to meet on Friday to approve a plan to spin-off of its profitable memory chip unit and court buyers for a stake in the newly separated company worth as much as $1.8bn, according to advisers. The reported plan, which analysts said would put a fire-sale price tag on a valuable Toshiba asset,…
Jan 24 Asian Hotels East Ltd * Says to consider restructuring co’s business and units Source text: (bit.ly/2jN3qG0) Further company coverage: ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(‘ Also In Consumer Goods and Retail ‘); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo = $(‘.related-content.group-two ul’); $.each($relatedItems, function(k,v) { if (k + 1 Also…
Jan 24 Asian Hotels East Ltd * Says to consider restructuring co’s business and units Source text: (bit.ly/2jN3qG0) Further company coverage: ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(‘ Also In Company News ‘); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo = $(‘.related-content.group-two ul’); $.each($relatedItems, function(k,v) { if (k + 1 Also In Company…
BlueScope Steel CEO Paul O’Malley has delivered yet another profit upgrade. Wayne Taylor BlueScope Steel shares are set to head higher still according to stockbroking house Citigroup after the steel maker delivered yet another profit upgrade thanks to improving steel prices in its Australasian businesses and the benefits of strong trading and cost savings in…
TORONTO–(BUSINESS WIRE)–Telehop Communications Inc. has completed its agreement with its debenture holders to effect a partial conversion into common shares, reduce the interest rate on the remaining balance and extend the final maturity date. The particulars of the restructuring are as follows: 1. That effective on Dec. 31, 2016, the interest rate on the debentures…
Johannesburg – Low-cost airline Fly Blue Crane is evaluating its routes as part of a restructuring process following the companys application for business rescue last year, said business rescue practitioner, Etienne Naude on Sunday. Fly Blue Crane became the latest South African airline to hit turbulence when it filed for a voluntary application for business…
NEW DELHI: After selling its stake in KG gas block to ONGC for $1.2 billion, Gujarat State Petroleum Corp (GSPC) is mulling a big financial restructuring including trimming stake in some business like LNG and portfolio readjustment, its Managing Director J N Singh said. The Gujarat government firm, which is saddled with nearly Rs 20,000…
After selling its stake in KG gas block to ONGC for USD 1.2 billion, Gujarat State Petroleum Corp (GSPC) is mulling a big financial restructuring including trimming stake in some business like LNG and portfolio readjustment, its Managing Director J N Singh said. The Gujarat government firm, which is saddled with nearly…