Serbia starts talks with Indian companies on tractor maker IMT sale – SeeNews

BELGRADE (Serbia), November 6 (SeeNews) – Serbia’s government said agriculture minister Branislav Nedimovic has initiated talks with Indian companies Mahindra, Amalgamations Group and Sonalika on the privatisation of state-owned insolvent tractor maker Industrija Masina i Traktora (IMT). Nedimovic presented the opportunities for the production of tractors in Serbia to companies interested in the sector during an official…

Director of failed dairy company admits he was in control before collapse, denies ignoring warnings about finances – ABC Local

The former director of a failed Victorian dairy business has admitted he controlled the company prior to its collapse, despite earlier claiming he was only the company’s seed funder and adviser. Key points: National Dairy Products was placed into administration owing farmers and other creditors more than $8 million Mr Esposito told the court…

Tech Mahindra withdraws insolvency case against Reliance Communications from NCLT – Economic Times

MUMBAI: Software firm Tech Mahindra (TechM) has withdrawn its insolvency case against Reliance Communications (RCom) from the National Company Law Tribunal (NCLT) in favour of a mutual, out-of-court settlement. A similar out of court settlement with equipment maker Ericsson appears tougher to pull together for RCom as the dues to the Swedish company Rs 1,150…