Despite a 22% increase in net profit compared to same period last year (or yoy), HSIL has negatively surprised the street with its third quarter results. The decline in EBITDA margin due to the unfavourable product mix is one reason for this, while HSIL channelising the benefit from the fall in fuel cost towards increased…
Press Release Appliance City, a company with its registered office in Papatoetoe, Auckland was placed in liquidation on February 15, 2016, according to the Companies Office. Door-to-door sales company Appliance City was placed into liquidation, while owing Waikato customers. Pritesh Patel of Insolvency Practitioners and Accountants Patel & Co said that the collapse of…
CALGARY, ALBERTA–(Marketwired – Feb. 29, 2016) – MNP LTD. will acquire PwC Debt Solutions, the Atlantic Canada Personal Insolvency practice of PwC Canada (PricewaterhouseCoopers LLP) effective March 1, 2016. The Personal Insolvency practice of PwC in Atlantic Canada consists of 35 professionals and support staff located throughout 31 offices in Nova Scotia, New Brunswick, Prince…
Sebi will develop new products like options in the commodity derivatives market and also take a slew of measures to deepen the corporate bond markets. “New derivative products will be developed by Securities and Exchange Board of India (Sebi) in the commodity derivatives market,” Finance Minister Arun Jaitley said in Union Budget…
VICTORIAN Mallee grain grower Trudy Ryan says a desire to create a viable grains industry for young people is behind her fight for improved security for farmers when writing grain sale contracts. As part of that she is looking at potential solutions such as insurance programs and trusts to stop the problem of non-payment in…
White & Case has hired insolvency specialist Damien Whitehead as a local partner in Hong Kong from Herbert Smith Freehills, where he was that firms restructuring and insolvency head for Greater China. Whitehead advises corporates, financial institutes and insolvency practitioners on contentious and non-contentious restructuring and insolvency transactions. He also specialises in commercial disputes with…
Madam Speaker, I rise to present the Budget for the year 2016-17.2. I am presenting this Budget when the global economy is in serious crisis. Global growth has slowed down from 3.4% in 2014 to 3.1% in 2015. Financial markets have been battered and global trade has contracted. Amidst all these global headwinds, the Indian…
Here’s the full budget speech of Union Finance Minister Arun Jaitley. Madam Speaker, Here’s the full budget speech of Union Finance Minister Arun Jaitley.
NEW DELHI: The Union Budget 2016-17 presented by finance minister Arun Jaitley turned out to be positive for some sectors and negative for others. At 1.35 PM, the BSE Sensex was trading 48 points lower at 23,202. PSU banking counter was in focus after key Budget announcements. PSU banks rallied up to 11 per cent.…
“This appears to be the biggest lay-offs at the company in the last seven years,” the source, who did not want to be named, told The Nation. The 100 employees will be laid off with effect from tomorrow. GMM Grammy is reportedly also considering cutting more jobs from its current staff strength of 3,000 employees.…