during Left rule (Eds: Recasting story) Kolkata, Aug 11 The Trinamool Congress-led West Bengal government has sought six months’ time from nine banks to repay the principal amount of a loan taken during the Left front rule over a decade ago for supplying iron ore to a China-based company. “We will only be able to…
Tata Steel has reached an agreement over its £15bn pension scheme, in a move that the pensions regulator hopes will help secure jobs at the Indian-owned company that employs more than 8,000 people across the UK. The 130,000 members of the scheme one of the UKs largest are to be contacted by the trustees to…
LONDON: A 58-year-old Indian-origin director of a pizza company in the UK has been banned for seven years for making payments totalling at least 205,000 pounds to a company in which he had a personal interest. Balwinder Singh’s Charnwood Foods Ltd in the WestMidlands region of England had the franchise for Papa John’s Pizza in…
NEW YORK (GenomeWeb) NantHealth on Thursday announced it is laying off about 300 employees as part of a restructuring of its business. The firm also reported a 17 percent drop-off year over year in revenues for the second quarter. In a statement, the company said that the restructuring follows “a series of methodically analyzed actions,…
News Danny McCance 11 Aug 2017 04:50pm A round-up of this week’s appointments, promotions, board moves and resignations … Read the full article at: http://economia.icaew.com/en/news/august-2017/movers-and-shakers-11-august
A day after the Allahabad bench of the National Company Law Tribunal (NCLT) admitted IDBI Banks insolvency plea against Jaypee Infratech, homebuyers staged a protest outside Jaypee Groups Sector 128 office. The protesting homebuyers, who have booked flats in Jaypee Groups Wish Town in Sector 128 and Jaypee Aman housing projects in Sector 151 gathered…
Peregrine Pharmaceuticals said today it will eliminate 20% of its workforce60 jobsin a restructuring designed to cut costs and position the company for profitability while it continues to assess strategic options for its R&D operations. Peregrine halved its R&D staff, leaving it with 11 employees who will support potential strategic alternatives for its R&D operations…
T he medical profession seems caught in a Catch-22: The growing cost of medical education is generating crushing levels of debt. This debt, in turn, is contributing to a doctor shortage and discouraging students from filling our growing needs for primary care physicians serving in poor, rural, and other underserved areas. There is hope, however,…
Dive Brief: J. C. Penney managed to increase net sales by 1.5%, to $3 billion, in the second quarter compared to the year-ago period, even as a mass of store closures and liquidations weighed on the companys margins, according to a company press release. The sales figure narrowly beat the FactSet consensus of $2.92 billion,…
Closing weak stores doesn’t solve all of a retailer’s problems. J.C. Penney Co. posted a wider quarterly loss, as liquidation sales at stores it closed during the period weighed on the company’s results. Penney shares tumbled more than 15% in Friday morning trading as investors responded to weaker-than-expected profit margins. Penney closed 127 stores in…