Oracle Corporationwill shed about 900 employers in its China Development Center in an effort to restructure, 21st Century Business Herald reported. The company announced the decision in a teleconference, saying its a global level business restructuring. The number is equivalent to about 60% of current CDC staff, the report said. Of the 900 employers, more…
The interim resolution professional of Reliance Communications (RCom) has sought an exclusion of 13 months (April 30, 2018-May 30, 2019) in RComs corporate insolvency resolution process (CIRP). This is because the initial insolvency proceedings against the debt-ridden telecom company was stayed by the National Company Law Appellate Tribunal (NCLAT) and the…
The markets are back at or close to all-time highs and selecting investments at this point is becoming quite tricky, especially for a fundamentalist and contrarian investor, like me. Also, trying to follow the macro tourists into which sector is poised to go up can prove itself a very difficult task or, as experience shows…
| 2 hours ago Lauren Crampsie was promoted to president and will also continue to act as global CMO for the agency. Ogilvy has made major leadership changes for the New York and U.S. teams, including two new roles. Former global CMO Lauren Crampsie was promoted to president of Ogilvys recently combined New York and…
The National Company Law Appellate Tribunal (NCLAT) on 20 March 2019 dismissed a batch of appeals in the matter of PR Director General of Income Tax (Admn & TPS) v Synergies Dooray Automotive Ltd & Ors, which claimed taxes to be an exception to the definition of operational debt under section 5(21) of the Insolvency…
From Left to Right: Russell Kavalhuna, president of Henry Ford College, Ora Hirsch Pescovitz, president of Oakland University, M. Roy Wilson, president of Wayne State University, Sandy Baruah, president and CEO of the Chamber and Brandy Johnson, advisor, Office of the Governor Michigan announce a new initiative to remove college debts at gathering hosted by…
A man who agreed to hold a semi-automatic pistol, cannabis and two stolen motorbikes in order to pay off a gambling debt has been placed on a 12-month probation bond. Dylan Mooney, 23, became addicted to gambling during long stays in hospital while being treated for cystic fibrosis. He continued to gamble once he was…
According to recent research, Australia has some of the highest levels of personal debt in the world. While other countries have seen their debt levels decrease or plateau since the 2008 Global financial crisis, Australias debt levels have increased. Whether that be student loans, personal loans, mortgages, credit cards or other types of debt, its…
Subject: Intimation of the Third Meeting of Committee of Creditors(COC) of Punj Lloyd Limited under Regulation 30(2) read with Clause (g) of Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 (2) of Securities and Exchange…
In a bid to scale up its business, the New York-headquartered blockchain company is restructuring its various operations. ConsenSys has consolidated its three wings ConsenSys Ventures, its Tachyon accelerator, and the ConsenSys Labs into a single investment arm, it stated ina May 6 released press release. Discover Barcelona Trading Conference A Top Tier Crypto Trading…