BENGALURU | MUMBAI: In its first major restructuring exercise in close to a decade, India’s largest IT services company Tata Consultancy Services (TCS) has reorganised its service lines and put them under a new president, Krishnan Ramanujam. The company has also reshuffled business heads, as it looks at growing its digital offerings. Ramanujam, to whom…
Backpacker tour operator Wicked Travel has entered liquidation owing a reported $1 million to employees, customers and other businesses. On April 29 Lawrence Fitzgerald of William Buck Chartered Accountants was appointed liquidator of three companies: Wicked Travel Pty Ltd, Indie Travel Pty Ltd and Out of Bounds Backpackers Pty Ltd. The companies operated travel and…
Abattoirs future in the balance The future of a local abattoir will be decided today, after the slaughterhouse went into voluntary administration on February 24. Photo: File image. The future of a local abattoir will be decided today, after the slaughterhouse went into voluntary administration on February 24. Photo: File image. exit The future of…
The Commonwealth government is attempting to claw back thousands of taxpayer dollars paid to former One Nation senator Rod Culleton during his time in Parliament. Picture: Kym Smith FORMER One Nation senator Rod Culleton is vowing to fight the Commonwealth governments attempts to claw back thousands of taxpayer dollars he was paid during his time…
NBN contractor and infrastructure delivery company Daly International has called in administrators under the weight of millions in debt to unsecured creditors and employees. The company, which has offices in Australia and the UK, appointed Peter Dinoris of Artemis Insolvency on 13 April after more than 25 years in business, predominantly delivering projects for mobile…
TORONTO, May 16, 2017 (GLOBE NEWSWIRE) — SMTC Corporation (Nasdaq:SMTX), a global electronics manufacturing services provider, today announced the following: Q1 results including revenue of $33.2 million, gross profit of $3.6 million, a net loss of $0.4 million and adjusted EBITDA of $(0.3) million Ed Smith appointed as permanent President and Chief…
CONSUMERS and operators were the biggest losers in the sale of Wicked Travel assets to Greyhound Australia last month, as announced at the creditors meeting on May 10. Director of Business Recovery at William Buck, Laurie Fitzgerald, said the meeting was predominately attended by the former company’s operators, however they have been in contact with…
He has been declared bankrupt, his political career lies in tatters, and now Rod Culleton is on the hook for hundreds of thousands of dollars to the Federal Government. A letter from the Finance Department advised him he was legally required to pay back his $200,000-a-year salary he earned as a senator, plus what…
Photo: Locomore. A crowdfunded German train operating company that began running services in 2016 has filed for insolvency. Locomore was launched as a low-cost alternative to DB but despite growth in its revenue- the venture has not become cost-effective. In a statement released on its website, a spokesperson for Locomore said (Translated from German): Both…
SIPPING on an espresso latte while waiting for a loved one to arrive at the Gladstone Airport will no longer be as simple as placing an order at the arrivals cafe. Last week the the Cafe Espresso, located in the Gladstone Airport arrivals area, closed for good after operator Lortons, better known as Gladstone Catering…