Say it isnt so. In news that is saddening for the local Australian fashion brand, Lover has gone into voluntary administration, according to a media release from Ferrier Hodgson a financial advisory firm. Ferrier Hodgson were appointed as administrators on 23 November, with the firm stating it would be business as usual whilst the administrators…
DetailsShares of Reliance Communications fell sharply by over 9% in early trade today amid reports that China Development Bank has filed insolvency case against the telecom firm, which the company has denied. The stock tanked 8.61 per cent to Rs 12.20 on BSE. At NSE, shares of the company dived 9.36 per cent to Rs…
DetailsRCom shares fall on Tuesday Reliance Communications (RCom) Ltd’s shares fell sharply on Tuesday morning after media reported that China Development Bank was pursuing insolvency proceedings against the company. China Development Bank (CDB) filed an insolvency petition against Reliance Communications to the National Company Law Tribunal to recover about 114.6 billion rupees ($1.8 billion), reports…
DetailsCHRISTMAS can be a tough time financially for people. That’s why UnitingCare Queensland Child and Family Services has released a list of financial tips to help families keep debt under control this holiday season. . UCQ financial resilience and wellbeing service statewide manager Jodie Logovik said feeling the pinch at Christmas time was not uncommon…
DetailsA Callala Bay woman has appeared in Nowra Local Court charged with failing to submit a report as company director within 14 days as required. Christina Margaret Koch, 41, has not entered a plea to the charge in a case brought by the Australian Securities and Investment Commission. Court papers said between July 20, 2015…
DetailsMUMBAI, Nov 28 (Reuters) – Reliance Communications Ltds shares fell sharply on Tuesday morning after media reported that China Development Bank was pursuing insolvency proceedings against the company. China Development Bank (CDB) filed an insolvency petition against Reliance Communications to the National Company Law Tribunal to recover about 114.6 billion rupees ($1.8 bln), reports from…
DetailsNo one ever says hardware is easy, and today it looks like another promising startup has hit a wall. Navdy, which made an in-car heads-up display that projected info like navigation on to your windscreen, has been sending out notices to customers and others who might have claims against the company, as part of a…
DetailsTeva Pharmaceutical Industries Ltd.’s new chief executive officer ousted the company’s three top division heads on Monday as he works to turn around and streamline the operations of the debt-laden drug maker. CEO Kare Schultz, who joined Teva on Nov. 1, said he will combine the Israeli company’s generic and specialty drugs business, as well…
DetailsDrugs manufacturer Mayne Pharma is still feeling the impact of tough competition and lower prices in the generic drugs market in the US, but expects that the release of new drugs and restructuring initiatives will boost the company’s financial performance. Chief executive Scott Richards says the company’s first half is expected to be “soft” but…
DetailsMr Nduna Herald ReporterCHEGUTU West legislator and businessman Mr Dexter Nduna has dispelled press reports that he is bankrupt, arguing that a newspaper article stating otherwise was calculated to sully his person and standing. Last week, reports suggested that the High Court had declared Mr Nduna and his wife, Schalastica, bankrupt for failing to pay a…
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