KOLKATA: B K Birla group company Kesoram Industries on announced demerger of its tyre business in a major second round of restructuring in the wake of unsustainable debt of the company. Kesoram, in a statement, said the company approved the demerger of the tyre undertaking into a new entity, Birla Tyres Limited. “We are open…
Restructuring at Crowley: Jacksonville-based Crowley Maritime Corp. announced Wednesday that it will complete the merger its liner services group into Crowley Logistics on Jan. 1. The business unit will be led by Steve Collar, senior vice president and general manager. Crowley said integrating liner services into logistics was planned as part of a corporate restructuring…
Registrations are now open for the Contract Law Masterclass Sydney and so is the chance reserve your seat at the best available rate with the time-limited Early Bird offer. The one day masterclass puts the spotlight on some of the most complex areas of contract law. Among the speakers will be David Walter, Partner at…
Registrations are now open for the Contract Law Masterclass Sydney and so is the chance reserve your seat at the best available rate with the time-limited Early Bird offer. The one day masterclass puts the spotlight on some of the most complex areas of contract law. Among the speakers will be David Walter, Partner at…
* Local govts to prepare lists of zombie firms within 3 mths * Firms must draw up restructuring plans within 6 months * Those meeting bankruptcy conditions to be eliminated immediately (Adds detail, background) SHANGHAI/BEIJING, Dec 4 (Reuters) – China will encourage zombie firms that still retain business value to restructure and woo strategic investors…
Debt can be a tricky thing. On the one hand, getting a mortgage or other form of credit is a normal way to finance modern life and so long as you stay up to date with payments everythings fine. One the other hand, if you take out too much debt or your circumstances change you…
* Local govts to prepare lists of zombie firms within 3 mths * Firms must draw up restructuring plans within 6 months * Those meeting bankruptcy conditions to be eliminated immediately (Adds detail, background) SHANGHAI/BEIJING, Dec 4 (Reuters) – China will encourage zombie firms that still retain business value to restructure and woo strategic investors…
Australian retailers who stock TEAC products are today questioning the long term future of the business after the Company reported a loss of $2.04M. Questions are also being raised as to whether the Australian Securities and Investment Commission should question directors of the Australian operation, (TTA) about inter Company loans and the approval of these…
We have this good friend who regularly tells us how much government debt has risen, the interest bill the country is paying and that the economy is therefore a disaster waiting to happen. We explain patiently that it isnt as bad as hes describing and he always replies with a glib one line response he…
news, latest-news, The ripple effects of the decline in Australias car manufacturing industry are being felt as a tidal wave in Ballaratafter metal pressing company Ceramet went into liquidation last week. A source who wished to remain anonymous toldThe Courier30 staff would lose their jobsafter liquidatorswere appointed on Wednesday. Ceramets technical and commercial manager Stephen…