With its cumbersome and ineffective apparatus, Vietnam Railways (VNR) plans to restructure its operations to resurface and regain market share. Pressure for change After many years of declining revenue and profit, VNRs business operations have produced positive signs. Notably, in the third quarter of this year, VNR reported increases in both passenger volume (3.77 million)…
The finance director of Switzerlands LafargeHolcim is leaving after less than two years in the job in the latest management upset at the worlds largest cement group. Ron Wirahadiraksa, who joined LafargeHolcim from Philips in December 2015, had decided to pursue opportunities outside the group, the company announced on Monday without giving more details. His…
The finance director of Switzerlands LafargeHolcim is leaving after less than two years in the job, in the latest management upset at the worlds largest cement group. Ron Wirahadiraksa, who joined LafargeHolcim from Philips in December 2015, had decided to pursue opportunities outside the group, the company announced on Monday without giving more details. He…
MUMBAI: Lenders to GTL Infrastructure declined to share information about the company in an effort to block a Reliance Capital arm from bidding for the telecom tower company. GTL Infra, where lenders currently own a majority, is running a sale process as part of a strategic debt restructuring exercise. After a decision to deny the…
As of August 31, 16 retailers have filed for Chapter 11 bankruptcy in 2017. Four of those sixteen retailers are filing for Chapter 22, meaning this is their second time declaring bankruptcy. Chapter 22 cases show that the first bankruptcy failed and that the firm and its advisors were too optimistic regarding the firms viability…
NEW DELHI: Jaiprakash Associates‘ board has approved the transfer of certain assets and liabilities, including debt of over Rs 11,834 crore, to its subsidiary Jaypee Infrastructure Development Ltd as part of its efforts to cut the overall borrowing of the company. The company had called a board meeting to consider the recommendations of the audit…
NEW DELHI: Jaiprakash Associates Ltd (JAL) today said its board had approved the transfer of certain assets and liabilities, including a debt of over Rs 11,834 crore, to its subsidiary Jaypee Infrastructure Development Ltd as part of its efforts to cut the overall borrowing of the company. The company had called a board meeting to…
Jaiprakash Associates Ltd (JAL) today said its board had approved the transfer of certain assets and liabilities, including a debt of over Rs 11,834 crore, to its subsidiary Jaypee Infrastructure Development Ltd as part of its efforts to cut the overall borrowing of the company. The company had called a board meeting to consider the…
Letter From A Concerned Reader | Columns October 07, 2017 16:00 IST Updated: October 07, 2017 17:18 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case…
Vic Kolenc, El Paso Times Published 10:23 a.m. MT Oct. 6, 2017 | Updated 1:22 p.m. MT Oct. 6, 2017 2Q sales up 2.8%, profit down 69% Helen of Troy CEO Julien Mininberg said the company will restructure two divisions.(Photo: COURTESY) Officials of El Paso’s Helen of Troy consumer goods company plan to restructure two of its…