Home buyers of Jaypee infratech are facing an unprecedented situation: it is the first housing company that has entered insolvency proceedings. Complications are little when it comes to insolvency of, say, a steel company. But the case of real estate company which is in the middle of constructing homes becomes challenging, especially for buyers. That’s…
A COLLAPSED shared-living community at Mt Burrell serves as a warning to potential investors of alternative housing schemes. With its court-ordered dismantling this week, the Bhula Bhula Intentional Community has left in its wake at least 20 financially ruined investors and a litany of complex legal clashes. The NSW Land and Environmental Court ordered the…
To guide, or not to guide that is the question. One week into the 2017 profit reporting season and this old chestnut about whether companies should provide earnings guidance is, with apologies to William Shakespeare, firmly back on the agenda. Lukewarm guidance issued this week by top performing retailer Nick Scali prompted a near 10…
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…
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
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…
kolkata, Aug 11 The Mamata Banerjee government has sought six month’s time from nine nationalised banks to repay the principal amount of the loan taken by erstwhile Left Front government in 2004-05 for supplying iron ore to a China-based firm. “We will soon hold a meeting with the banks and tell them of our inability…
The fate of SoundCloud has been the subject of much discussion as of late. Recently we reported the streaming platform was considering selling for significantly less than it was said to be worth 12 months previously. And, just a few weeks back, group of volunteer archivists started backing up the whole of SoundCloud in case it…
First we had the ‘Single Ladies’ of Chadstone Bowls Club. Now another prominent lawn bowls club is in crisis. In 2012, the Kew Heights Sports Club was in deep trouble with “considerable” debts and ageing facilities. The MCC once wanted the MCC Kew Sports Club to be a ‘real home away from the ‘G for members’. To the…