BHUBANESWAR: Members of the banned CPI (Maoist) have allegedly damaged Essar Steel‘s 273-km iron ore slurry pipeline from Dantewada in Chhattisgarh to Visakhapatnam in Andhra Pradesh near Odisha-Andhra border. The pipeline is critical for Essar‘s Visakhapatnam steel plant, bringing 22,000 tonnes of iron ore daily from state miner NMDC’s Bailadila mines in Dantewada to the…
The country best known for its stunning temples and turbulent social history welcomed the regions gamblers after a recent change of heart. But with its neighbours also beginning to loosen gaming laws, what does the future hold? The history of gambling in the Kingdom of Cambodia could kindly be described as chequered. Completely banned under…
General Electric Co. is nearing an agreement to sell its industrial-solutions business to ABB Ltd. in a deal valued at $2.5 billion to $3 billion, people with knowledge of the matter said. The companies are likely to announce an accord by next week, said the people, who asked not to be identified because the talks…
Tsvetan Vassilev. Photo: Medija centar A Serbian court on Wednesday declared the bankruptcy of the Serbian Glass Factory company, linked to the exiled Bulgarian tycoon Tsvetan Vassilev, who is wanted in Bulgaria for the collapse of his Corporate Commercial Bank, CCB, in 2014. The Commercial Court in Kragujevac, Serbia, told Beta news agency that the…
AdvertisementThe U.S. Trustee assigned to the Kid Brands case filed with the U.S, Bankruptcy Court a motion to convert the Companys Chapter 11 reorganization to a liquidation under Chapter 7. Advertisement The motion explains, The Debtors have failed to comply with the United States Trustee Operating Guidelines and Reporting Requirements for…
Sep 22, 2017 12:23 PM IST | Source: CNBC-TV18 Mukand stock has been buzzing around. The company produces both alloy steel as well as stainless steel. In an interview to CNBC-TV18, Rajesh V Shah, Co-Chairman & MD of Mukand spoke about the latest happenings in the company and his outlook going ahead. Mukand stock has…
Fred Troncone ran the Wellard Rural Exports business until 2015 and was recently appointed to the board. A Wellard non-executive director has been pulled back into the live export business to take over responsibility for its day-to-day operations from founder and chief executive Mauro Balzarini. The appointment of former Wellard senior manager Fred Troncone as…
Oil and gas software developer Stochastic Simulation has entered into liquidation, around five months after it went into receivership, with secured creditors likely to receive about 4 cents in the dollar in a best case scenario. The Osborne Park-based company developed products such as GasAssure and ResAssure, which were used in evaluation of reservoirs and…
The bankruptcy of US retail giant Toys R Us will have flow-on impacts to one of Australias biggest toy brands, with one insolvency expert calling on small businesses to do everything they can to protect themselves against the collapse of distributors. The US arm of Toys R Us filed for chapter 11 bankruptcy protection on…