Investors wiped a fifth off of Toshibas market value on Wednesday as they scrambled to reassess the companys financial stability after its multibillion-dollar writedown warning, and analysts warned there was no end in sight to a runaway cost crisis. Fund managers in Tokyo and Hong Kong said the nuclear-to-electronics conglomerate once among the proudest names…
Mahindra & Mahindra rose 0.89% to Rs 1,178.20 at 14:37 IST on BSE after the company announced a restructuring of its businesses under Dr. Pawan Goenka, Managing Director of the company. The announcement was made during trading session today, 28 December 2016. Meanwhile, the S&P BSE Sensex was up 44.81 points or 0.17% at…
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LUKOIL restructured its subsidiary LUKOIL overseas, which manages the mining assets of the company abroad, told Izvestia head of the oil company and its co-owner Vagit Alekperov. According to him, the foreign daughters was allocated three largest asset management centre in Dubai, Houston and Tashkent. “Almost all completed. We now have three separate regions: Houston,…
Addvalue Technologies A unit of mainboard-listed communications technology firm Addvalue Technologies said yesterday that it has successfully completed a year of testing a terminal in space. The terminal uses what it calls an inter-satellite data relay system to communicate with satellites in low earth orbit, the zone manned space stations and most satellites operate in.…
A new company, COSCO Shipping Heavy Industry Co., Ltd, has been established by China COSCO Shipping Corporation group as it proceeds with the restructuring of its shipyard business, according to a media release at the SGX. China COSCO Shipping Corporation said that the shipyard business restructuring is geared towards centralising operations and management of the…
Trading suspension might be underway. A new company, COSCO Shipping Heavy Industry Co., Ltd, has been established by China COSCO Shipping Corporation group as it proceeds with the restructuring of its shipyard business, according to a media release at the SGX. China COSCO Shipping Corporation said that the shipyard business restructuring is geared towards centralising…
[SINGAPORE] Rickmers Maritime, a Singapore-listed trust that operates container ships, said investors rejected a debt restructuring plan for its S$100 million note on Wednesday, prolonging uncertainty about its future. Rickmers is among a growing list of companies in Singapore that have been struggling to meet their debt commitments this year and have asked bondholders for…
Trading suspension might be underway. A new company, COSCO Shipping Heavy Industry Co., Ltd, has been established by China COSCO Shipping Corporation group as it proceeds with the restructuring of its shipyard business, according to a media release at the SGX. China COSCO Shipping Corporation said that the shipyard business restructuring is geared towards centralising…