The share price of Australian Pharmaceutical Industries Ltd(ASX: API) has been on a roller coaster ride over the last 2 years. After reaching a high of $2.38 in May 2017, the companys shares were sold-off on fears that it would not meet profit expectations amid an increasingly difficult trading environment in its retail and pharmacy…
DetailsTata Consultancy Services (TCS) has restructured its industry solutions units (ISUs), giving almost 200 employees control of them and quarterly target goals as it looks to free up senior executives to focus on long-term strategy. TCS first broke up its business into smaller units in 2008, a move that helped power growth, with revenue soaring…
Details“It is sobering indeed that of the top 50 companies in Australia by market capitalisation in 1980, only 10 remain in todays top 50. John Mullen, Chairman, Telstra As part of the NAOS investment process, we pay particular attention to the comments made by company CEOs and business leaders in order to gain a greater…
DetailsBANGKOK — Struggling national carrier Thai Airways International is set to invest 100 billion baht ($3.06 billion) to buy 23 passenger planes, embarking on a risky expansion as it continues to search for a successful restructuring strategy. Expansion may be an appealing option for a state-owned airline reluctant to wield the ax due to the…
DetailsThe U.S. Mega Millions lottery jackpot swelled to a record US$1.6 billion after the 25 drawings held since the end of July including the latest on Oct. 19 failed to yield a winner. That ties it for the largest lottery grand prize the world has ever seen. The jackpot for the rival Powerball game also…
DetailsFirst port to be declared insolvent, Dighi port allegedly owed Rs 1,600 crore to banks, Rs 13 crore to Maritime Board and another Rs 16 crore to DBM Geotechnics. Fourteen companies have lined up to take over the troubled Dighi Port, whose case of bankruptcy is being heard by the National Company Law Tribunal. Earlier…
DetailsUP to 60 investorswho were given personal guarantees by property developer and former Irish rugby team manager Pat Whelan over a failed multi million euro property investment scheme are to receive a tiny fraction of their money back as part of a insolvency arrangement. It is estimated that each of the investors,includingformer Ireland and Munster…
DetailsEGGHEADS star CJ de Mooi has declared himself bankrupt following an extradition battle with murder cops in Holland. The former BBC quiz master filed his bankruptcy paperwork with Reading Insolvency Service on September 26. BBC CJ de Mooi has been declared bankrupt Its believed he racked up a fortune in legal bills fighting extradition to…
DetailsThe U.S. Mega Millions lottery is holding a drawing on Oct. 19 for a jackpot thats swelled to US$1 billion after the 24 drawings held since the end of July failed to yield a winner. This princely sum is drawing such attention that more people are buying tickets, and even the lotterys own projections are…
DetailsThe Centre for Transnational Commercial Law (CTCL) at National Law University, Delhi (NLUD), in association with the Insolvency and Bankruptcy Board of India (IBBI), INSOL India and Society of Insolvency Professionals of India (SIPI), is organising a Corporate Insolvency Law Practicum at NLU Delhi on the 14th and 15th of November this year. The event…
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