Qantas airline soars to record profit after restructuring 24 August 2016 From the section Business Image copyright Getty Images Australia’s national carrier Qantas has posted record annual profits of A$1.42bn ($1.1bn, £820m)nearly doubling last year’s result. The airline will also pay a final dividend to shareholders for the first time since 2009. Qantas has been…
Austerity has fuelled a personal debt boom caused by low incomes and wages It is well known that economic growth has still been excessively reliant on households, despite the unprecedented falls in real earnings of recent years. Today the Trades Union Congress publishes analysis that shows just how heavy pressures on some households have become. The…
By: ENS Economic Bureau | New Delhi | Published:August 24, 2016 2:57 am Arun Jaitley, Finance Minister Finance Minister Arun Jaitley on Tuesday directed senior officials of the ministries of finance and corporate affairs to take necessary action for implementation of Insolvency and Bankruptcy Code (IBC) 2016 in a time-bound manner. The finance minister said…
“A lot of headwind over the last eight years”Norfresh declared bankrupt On Tuesday, August 16, the court of ‘s-Gravenhage declared fruit and vegetable trading company Norfresh from Poeldijk bankrupt. “We were very close to an extrajudicial creditors proposal, but one of the creditors didn’t want to wait for this and unfortunately pushed through bankruptcy,” according…
New Delhi: Finance minister Arun Jaitley on Tuesday asked finance and corporate affairs ministry officials to implement the Insolvency and Bankruptcy Code, 2016 in a time-bound manner to achieve the goals of the new law. Parliament on 11 May passed the Code, which will ensure smoother settlement of insolvency, enable faster turnaround of businesses and…
The Union Finance Minister Shri Arun Jaitley directed the Senior Officers of the Ministry of Finance and Corporate Affairs to take suitable necessary action for implementation of Insolvency and Bankruptcy Code (IBC) 2016 in a time bound manner. The Finance Minister said that an immediate action is required on the key requirements for implementation of…
Finance Minister Arun Jaitley today directed senior officials of the ministries of finance and corporate affairs to take steps, including setting up of a board, for the implementation of Insolvency and Bankruptcy Code (IBC) 2016 in a time bound manner. “Implementation in a time bound manner is very crucial in order achieve the…
NEW DELHI: Finance Minister Arun Jaitley today took stock of steps being taken for implementation of the Insolvency and Bankruptcy Code that seeks to make debt recovery process stronger and quicker. The Insolvency and Bankruptcy Code, 2016 notified by the government in May seeks to consolidate and amend laws relating to reorganisation as well as…
“A lot of headwind over the last eight years”Norfresh declared bankrupt On Tuesday, August 16, the court of ‘s-Gravenhage declared fruit and vegetable trading company Norfresh from Poeldijk bankrupt. “We were very close to an extrajudicial creditors proposal, but one of the creditors didn’t want to wait for this and unfortunately pushed through bankruptcy,” according…
What is equity? And who gets it? All venture and seed investors would buy equity shares for ownership and secure their investments with preferred stocks purchase while making investments. Thus it is important for entrepreneurs to understand what it means to their company. Equity broadly means ownership interest. Stock is one of the expressions of…