Wipro, one of the largest IT services providers in the country, will announce its earnings for the March quarter and financial year 2017-18 on Wednesday. It would be the third Nifty-listed IT company to announce results after Infosys and TCS this earnings season. Both TCS and Infosys posted decent sets of numbers, either in-line or better than…
DetailsHearings started April 24 in a court case related to the collapse of the bank Latvijas Krjbanka (Latvian Savings Bank) in 2011 in murky circumstances, reports LTV’s Anete Brtule. Riga Regional Court is hearing the appeal case which follows a case brought by the bank’s administrators, KPMG Baltic, against former members of the board of Latvijas Krjbanka. It…
DetailsIn many ways, it makes so much sense for Digit to enter this territory. The app has had great success in helping its users save: In the three years since it rolled out, Digit has helped users save a collective $1 billion. This interest in alleviating credit card debt is unique to Digit Pay and…
DetailsSoon there may be a provision to withdraw the application for initiating Corporate Insolvency Resolution Process (CIRP), post admission. This is part of the proposed changes that the government is contemplating for the Insolvency and Bankruptcy Code (IBC) through the Ordinance route. The Union Cabinet will most likely consider an Ordinance for this purpose at…
DetailsThe Kolkata Bench of National Company Law Tribunal (NCLT) on Tuesday reserved its order in the ongoing corporate insolvency resolution process of Binani Cement. The Division Bench completed hearing all petitions excepting the one filed by the Resolution Professional (RP) alleging fraudulent transactions involving the promoters of Binani Cement. A total of 14 petitions were…
DetailsNorthCapital Holding ApS is an international investment company with its registered office in Copenhagen, Denmark. It is primarily active in the fields of gemstones, oil and gas. However, the company also invests in companies of the financial and production sector. Thus, within the scope of its merger & acquisition strategy, the company today acquired Starz…
DetailsControversial property developer Salim Mehajer has been found guilty of intimidating his ex-wife when he emailed and messaged her in 2017. Magistrate Jacqueline Trad on Tuesday rejected Mehajer’s “confusing” and “self- serving” evidence that he hadn’t sent certain emails and an Instagram message to ex-wife Aysha Learmonth. Play Video Don’t Play North Shore rapist denies…
DetailsThe Kolkata bench of National Company Law Tribunal (NCLT) on Tuesday reserved its order in the ongoing corporate insolvency resolution process of Binani Cement. The Division Bench completed hearing all petitions excepting the one filed by the Resolution Professional (RP) alleging fraudulent transactions involving the promoters of Binani Cement. The 270-days moratorium period for Binani…
DetailsExpressions of interest (EoI) for the assets of bankrupt Moser Baer Solar are likely to be invited this week, resolution professional Arvind Garg announced. The company owes over Rs 1,000 crore to a number of lenders. April 24, 2018pv magazine In November 2017, the Indian manufacturer and EPC contractor was taken to the New Delhi…
DetailsInternational law firm Hogan Lovells announced that bankruptcy lawyers Richard Wynne, Bennett Spiegel, and Erin Brady have joined the firms Business Restructuring and Insolvency (BRI) practice as partners in Los Angeles. All three are recognized leaders in their practice, with significant experience advising debtors, creditors, creditors’ committees, bondholders, trustees, and buyers across a wide range…
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