Reuters. Tata Steel Ltd, under CEO and MD T V Narendran and CFO Koushik Chatterjee, posted a consolidated loss of Rs 6,511 crore ($871 million) in Q2FY24, primarily due to restructuring charges in its UK operations and decreased sales. This represents a 7% decline in revenue compared to the same period last year. Despite these…
DetailsTata Steel Ltd on Wednesday reported a whopping Rs 6,511-crore consolidated loss in quarter ended September 30, 2023 hurt by charges related to restructuring at its UK operations and lower sales and price realisations. It reported consolidated net profit of Rs 1,297 crore in the year-ago period. The steelmaker said its consolidated revenue declined 7%…
DetailsBetMakers says the successful restructure of its Global Tote operations has allowed it to adopt a simpler and more aligned business focus, while the group has also reported revenue growth for Q1. BetMakers set out plans for an operational restructure in May last year with the aim of reducing costs. This included reducing its total staff headcount…
DetailsBENGALURU, Nov 1 (Reuters) – Indian steelmaker Tata Steel (TISC.NS) reported a loss for the second quarter on Wednesday, hurt by charges related to restructuring at its UK operations and lower sales and price realisations. The company’s consolidated net loss came in at 65.11 billion Indian rupees ($782.24 million) for the three months ended Sept.…
DetailsEskoms head of distribution Monde Bala reports that Eskom and the National Treasury are hoping that the number of municipalities participating in the Eskom Municipal Debt Relief Support Programme could rise to 67 from the 28 already approved at the start of October. The deadline for applications was extended to October 31, from an initial…
DetailsNovember 1, 2023 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMFs Executive Board. Based on the preliminary findings of this mission, staff…
DetailsCompany insolvencies across England and Wales were up 10% between 1 July and 30 September 2023 compared to the same period last year, according to official statistics. The Insolvency Service reported 6,208 registered company insolvencies in Q3 2023 from 5,635 in Q3 2022, comprising 4,965 creditors voluntary liquidations (CVLs), 735 compulsory liquidations, 466 administrations, 41…
DetailsTheres a little bit of Columbo in Bryant University Lecturer of Accounting Stephen Pascarella II 77 87MST CPA. He and the famed TV detective share much of the same personality: an unassuming, friendly manner, a love of a good story, and an attention to fine detail though, admittedly, Columbos signature rumpled trench coat would look…
DetailsFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The number of people taking out a debt relief order (DRO) across England and Wales surged to a record high in the third quarter of this year. Some…
DetailsCompany insolvencies across England and Wales were up 10% in the last quarter compared to the same period last year, according to official figures, as a separate report warns of a leap in financial distress. The Insolvency Service reported 6,208 registered company insolvencies between July and September, compared to 5,635 between the same three months…
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