Both Houses of parliament began their day on a smooth note with Lok Sabha taking up Questions and Rajya Sabha with Zero Hour. While Lok Sabha is expected to take up The National Medical Commission Bill, 2017, The Insolvency and Bankruptcy Code (Amendment) Bill, 2017, among others, while Rajya Sabha is likely to take up…
New York Gov. Andrew Cuomo said on Thursday that he is considering challenging the constitutionality of the GOP tax law in court. Hes also taking action to help New Yorkers circumvent a new cap on state and local tax deductions. But time is running out. The tax law will take effect on Monday. New York…
“This has been a difficult year of transition for ForeverGreen. It was my main objective in 2017, as the company’s new CEO, to complete the restructuring of the company, both domestically and internationally and it has taken even longer than I originally thought it would. I believe that while we have reduced in many areas,…
Capping a breakout year, Roku announced Scott Rosenberg will be promoted from advertising chief to GM of its platform business in January in an executive restructuring. Steve Shannon, a 5-year veteran who headed the content and services unit, will be exiting the company. Under Rokus new executive structure, staff and resources for advertising, content distribution…
LONDON: Barclays expects to take a writedown of about £1 billion ($1.34 billion) on its annual post-tax profit as a result of the US tax overhaul, the bank said in a statement on Wednesday.The reform to the tax system signed into law by President Donald Trump on Dec. 22 will force the British lender to…
ITT Inc.ITT has managed to impress investors with its recent winstreak, as earnings have trumped estimates in the four trailing quarters. The company expects to continue earnings momentum on the back of strong productivity, business streamlining and cost containment measures. ITT’s performance has reflected well on share price, exhibiting investor optimism. The company’s shares have…
Companies Wednesday, December 27, 2017 11:42 By MUGAMBI MUTEGI Deacons chief executive officer Muchiri Wahome. FILE PHOTO | NMG Fashion retailer Deacons #ticker:DCON has issued a profit warning indicating that its net profit for the full-year to December 2017 will drop by at least a quarter due to lower sales. The profit warning announcement means…
Amy Kazmin in New Delhi December 26, 2017 Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature or Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it … Read the full article…
The Anil Ambani-led firm has been looking to sell assets to help restructure and reduce debt on its books. In June, the companys domestic lenders decided to invoke the Strategic Debt Restructuring Scheme and convert Rs 7000 crore in debt into a majority equity holding. As part of the plan, the company said it would…
Japans three major banking groups have unveiled plans for large-scale restructuring programs to streamline their operations. With the expanded use of artificial intelligence and other technology, they are seeking to eliminate work equivalent to a combined total of 33,000 jobs. Although the banks say the redundant manpower will be shifted to other operation, it is…