Improved business performance and expected unlocking from the listing of its 57 per cent diagnostic subsidiary, SRL, helped the Fortis stock gain 20 per cent over the past month. On August 4, the board of directors had given in-principle approval to demerge the diagnostic business. A restructuring committee, formed to decide on the…
BEIJING – A string of economic data for China in July came in slightly lower than expectations, as widespread flooding disrupted business activity and continued economic restructuring and reform experienced growing pains. The pace of fixed-asset investment slipped to 8.1 percent in the January-July period, the lowest growth in over a decade, from a 9-percent…
BEIJING – A string of economic data for China in July came in slightly lower than expectations, as widespread flooding disrupted business activity and continued economic restructuring and reform experienced growing pains. The pace of fixed-asset investment slipped to 8.1 percent in the January-July period, the lowest growth in over a decade, from a 9-percent…
TOKYO: Toshiba Corp on Friday said extensive restructuring helped the Japanese conglomerate swing to its first operating profit in six quarters, signalling recovery from a US$1.3 billion accounting scandal that unmasked underperforming operations. Toshiba, whose output is as diverse as consumer electronics and nuclear power reactors, reported profit of 20.1 billion yen (US$196.90 million) for…
Bengaluru: Bengaluru-based real estate firm Prestige Estates Projects Ltd (PEPL), Indias third-largest developer by market value, has formed a committee to explore an exercise of restructuring the businesses of the group, the developer informed the BSE on Friday morning. A board meeting on 12 August discussed the merits and business case for exploring a restructuring…
Prestige Estates Projects Ltd., a Bengaluru-based real estate company, informed the Bombay Stock Exchange (BSE) on Friday that it will be exploring ways and means to restructure its lines of business. The decision, taken at the company’s board meeting on Thursday, was communicated in a regulatory filing to the BSE. “Prestige Estates Projects Ltd has…
BEIJING – China is looking to universities and research institutes for an engine to sustain economic growth and drive economic restructuring. On Monday, the State Council published a national plan for progress in science and technology by 2020, listing a set of targets as well as government actions to help meet them. Among the set…
The Change Initiative, a shop specialising in selling environmentally-friendly goods, is restructuring its business as a result of a retail downturn. The Barsha Heights-based shop will close its retail operation and cafe in September and instead focus on its distribution business. “The current retail climate makes it impossible for us to financially sustain the business,”…
Noble Group Ltd. lost money in the second quarter and net debt increased as the embattled commodities trader withdraws from some markets in an attempt to conserve cash and reverse a two-year collapse in its shares. The company made a loss of $54.9 million in the three months to June compared with a net profit of…
BEIJING – China is looking to universities and research institutes for an engine to sustain economic growth and drive economic restructuring. On Monday, the State Council published a national plan for progress in science and technology by 2020, listing a set of targets as well as government actions to help meet them. Among the set…