Scrip ends 4.5% higher; PE investor to invest 4,000 cr to pick up select branded oil biz Chennai, November 2: Global private equity major Devonshire Capital will pick up 51 per cent equity in Ruchi Soya Industries (RSIL) and acquire certain branded packaged oil distributions for 4,000 crore. The board of RSIL on Thursday approved…
NEW DELHI: The BSE benchmark Sensex gave a 400-point salute to Indias 30-slot promotion in the World Banks ease of doing business ranking. Indias ranking improved to 100th place in this years rankings from 130th a year ago. This was Indias fastest single-year jump ever, with eight of 10 key parameters showing improvement. The sharpest…
The Australian Securities and Investments Commission (ASIC) has lost a major case on appeal against the directors of a retirement home investment scheme, including former Howard government health minister Michael Wooldridge. The Full Federal Court overturned a lower court decision which disqualified and fined the five former directors of Australian Property Custodian Holdings (APCH)…
The FINANCIAL — Kosovo is among the top 10 economies worldwide with the most notable improvement in doing business reforms, says the Doing Business 2018 report, released on October 31 by the World Bank Group. This year, Kosovo ranks 40th out of 190 countries in ease of doing business, compared to 60th place…
Video PlayerClose HONG KONG, Nov. 1 (Xinhua) — The government of China’s Hong Kong Special Administrative Region (HKSAR) vowed on Wednesday to further improve its business environment, after a World Bank annual report re-affirmed Hong Kong’s position as one of the world’s easiest places to do business. “In the past 10 years, Hong Kong has…
TWO of Perths dining institutions have been placed into voluntary administration. On Monday afternoon, administrators took over the company behind the Trustee Bar and Bistro on St Georges Terrace and Beaufort Local, which was formerly known as Beaufort Street Merchant. Business owner Scott Taylor said the decision was not taken lightly. There is still some…
Elegant Perth restaurant Trustee has been placed into voluntary administration, with mounting debt and last-minute discussions to renegotiate terms with its banks and landlord unable to overcome the restaurants worsening financial problems. Trustee and its stablemate, Beaufort Local in Highgate, remain open and trading as administrators Cor Cordis work through the books and consider either…
International retailers Forever 21 and Top Shop are in the final stages to abandon their Queen Street Mall and Elizabeth Street leases in the heart of Brisbane’s CBD after the forecast strength in retail did not meet expectations. Westpac is understood to be close to striking a deal on part of the prime mall fronting…
According to the order, Edu Smart was a corporate guarantor for its parent company Educomp Solutions, which had availed a loan from Axis Bank. (Image: Reuters) The principal bench of the National Company Law Tribunal (NCLT) in New Delhi has dismissed Axis Banks plea to stake a claim of Rs 397 crore in the ongoing…
A corporate is an amalgam of stakeholders. It is expected to maximise the value of its assets and consequently the interests of all its stakeholders. However, it may not always have the motivation to maximise the value of a corporate and/or promote the interests of all the stakeholders By MS Sahoo A corporate is an…