August 3, 2018 The Mumbai bench of the National Company Law Tribunal admitted Provogue (India) Ltd for insolvency resolution on Thursday, making it the fourth company from the textile and garment sector to attempt loan resolution in bankruptcy courts. Reid & Taylor India Ltd, Mandhana Industries and Alok Industries Ltd are already in various stages…
DetailsDubbo has the equal second highest number of personal bankruptcies in NSW and the equal eighth highest in Australia. The Personal Bankruptcy Analysis by data analyst company Illion shows the number of bankruptcies in Dubbo are the second highest in the state, equal ranked with Orange. It found 77 people in Orange were declared bankrupt in the…
DetailsSymantec said it plans to take a series of cost reduction actions over the next nine months to address residual costs that remain after the platform security vendor’s divestitures last year. The company said that its board of directors has approved US$50 million in restructuring expenses in connection with a plan to reduce Symantec’s global…
DetailsRolls-Royce said its restructuring efforts begun in February are starting to show results. The companys Power Systems division saw a stand out performance during the first half of the year, according to CEO Warren East, who made the comment during a conference call about the companys earnings. We continued to make good progress in the…
Details| 7 mins ago Ad agency network MDC Partners called its financial performance for the first half of 2018 poor in an earnings call today but sounded more optimistic about the last six months of the fiscal year. Executives focused on several recent moves to reduce costs and improve efficiency, along with major hires including,…
DetailsPerth inner city live music venue The Brisbane Hotel has in new hands after the previous owner went into voluntary administration. Family-run hospitality and tourism operator The Prendiville Group has taken over. Its venues include the Cottesloe Beach Hotel, Hotel Rottnest, Tradewinds and the Norfolk in Fremantle as well as Sandalford Wines in the Swan…
DetailsProvogue has its own garment manufacturing facilities in Daman and in Baddi, Himachal Pradesh. Photo: Mint Mumbai: The Mumbai bench of the National Company Law Tribunal admitted Provogue (India) Ltd for insolvency resolution on Thursday, making it the fourth company from the textile and garment sector to attempt loan resolution in bankruptcy courts. Reid &…
DetailsInvestors in a $1.6 billion-Abraaj Group fund have hired advisory firm Alvarez & Marsal Holdings to help recover money owed by the floundering Middle Eastern private equity firm, people with knowledge of the matter said. The New York-based company will represent Abraaj Private Equity Fund IVs backers in talks with liquidators as they seek to…
DetailsIts perhaps a meaningless milestone, but humans love big, round numbers. And when Apples share price hit $207.05 today, it became the first U.S. public company to reach a $1 trillion market capitalization. Not bad for a company that was on the verge of insolvency when its late founder Steve Jobs came back to rescue…
DetailsVideo PlayerClose BERLIN, Aug. 2 (Xinhua) — Siemens has published mixed earnings data for the second quarter (Q2) of 2018 on Thursday, shortly after a new round of restructuring was announced at the German industrial corporation. Gross revenue at the DAX-listed company fell by an annual rate of 4 percent to 20.5 billion euros (23.8…
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