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Wipro shares tank 2.5% as client’s insolvency weighs on profitability of India’s 3rd largest IT company – Financial Express
In the morning trades on Tuesday, shares of Wipro dropped as much as 2.56% to a days low of Rs
Insurer AXA to restructure Swiss unit ahead of landmark deals – Reuters.com
PARIS (Reuters) - French insurer AXA (AXAF.PA) is restructuring its Swiss business in a move that would hit its results
Axa revamps Swiss unit to allow riskier business – Financial Times
Naomi Rovnick April 10, 2018 Print this page French insurer Axa is restructuring its Swiss business in the face of
Get Free Help With Your Federal Taxes – courierjournal
Tax Day is nearly upon us! Have you filed your 2017 tax returns yet? This years tax due date is
Wipro falls 2.5% as client’s insolvency petition may impact Q4 profit – Business Line
Wipro shares fell as much as 2.5 per cent as the company had on Monday said that one of its
Rare win against Linc Energy for serious harm sounds warning to Queensland industry, lawyer says – ABC Online
Related Story: Gas company 'knew it was causing damage but allowed it to continue' The pursuit of
Wipro Q4 profit may be hit by telco client’s insolvency proceedings … – Zee Business
Wipro share price settled flat in Monday's trade even as the IT major said its profitability may be impacted by 65-75
Gov’t to inspect SBV restructuring efforts – Viet Nam News
The Government Inspectorate (GI) will conduct 25 crucial inspections this year, including scrutiny of the central banks
Binani Industries moves apex court to end insolvency proceedings against cement arm – Business Line
Binani Industries in its submission before the Kolkata bench of National Company Law Tribunal (NCLT) on Monday said that it
Breaking: SC notice to Centre in challenge to Insolvency and Bankruptcy Code – Bar & Bench
In a significant development in relation to the Insolvency and Bankruptcy Code, 2016, the Supreme Court today issued notice to
The Bon-Ton Stores, Inc. Receives Signed Letter of Intent from DW Partners, Namdar Realty Group and Washington … – Markets...
MILWAUKEE, April 9, 2018 /PRNewswire/ -- The Bon-Ton Stores, Inc. (OTCQX: BONT) ("the Company") today announced that it has received
Opinion: Student Loan Borrowers Need Help Now, Or Their Debt Could Hurt Them, And This Country, For Decades to …...
We Are Still a Nation at Risk, But We Can Avert By Listening to Consumers Opinion: Student Loan Borrowers Need
In the morning trades on Tuesday, shares of Wipro dropped as much as 2.56% to a days low of Rs 277.75 on NSE. (Image: Reuters)

Shares of the Bengaluru-headquartered IT giant Wipro tanked over 2.5% to the lowest level since 28 March 2018 after the company said that clients insolvency weighs on the profitability and revenue of Indias third-largest IT company Wipro. The stock of Wipro marked the lowest level since 28 March 2018 and the biggest intraday drop since 26 March 2018. Earlier yesterday, Wipro said that the revenue and profitability will be impacted due to an insolvency petition filed by an Indian telecom client. In the morning trades on Tuesday, shares of Wipro dropped as much as 2.56% to a days low of Rs 277.75 on N…

Read the full article at: http://www.financialexpress.com/market/wipro-shares-tank-2-5-as-clients-insolvency-weighs-on-profitability-of-indias-3rd-largest-it-company/1127861/

PARIS (Reuters) – French insurer AXA (AXAF.PA) is restructuring its Swiss business in a move that would hit its results in the short term, but is expected to give it more financial flexibility ahead of the $15 billion acquisition of XL Group (XL.N).

A logo of insurer Axa is seen at the entrance of the company’s headquarters in Brussels, Belgium March 5, 2018. REUTERS/Yves Herman

AXA, Europes second-biggest insurer by market value behind Allianz (ALVG.DE), said it would make its Swiss Group Life insurance unit a semi-autonomous business focusing on small-to-medium sized enterprises (SMEs).

In addition to a 400 million Swiss francs ($419 million) hit to first-half earnings, AXA also said the new structure would result in a temporary reduc…

Read the full article at: https://www.reuters.com/article/us-axa-switzerland/insurer-axa-to-restructure-swiss-unit-ahead-of-landmark-deals-idUSKBN1HH0IZ

Naomi Rovnick

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French insurer Axa is restructuring its Swiss business in the face of low interest rates and tougher regulation in the country.

The Swiss unit, Axa said, will be revamped so it can hold less capital and adopt a riskier investment strategy that would enable it to offer clients better deals.

The group explained:

Ongoing low interest rates in recent years and strong regulatory requirements in Switzerland have resulted in full-value insurance becoming increasingly lower value for money for corporate clients and their employees.

It added the restructure would help it escape a situation where the Swiss requirement for life insurers to main…

Read the full article at: https://www.ft.com/content/39ccc766-3c87-11e8-b9f9-de94fa33a81e

Tax Day is nearly upon us! Have you filed your 2017 tax returns yet? This years tax due date is April 17, 2018, only a week away. Ive found that many people put off filing their tax returns for many reasons. One of those reasons is that they cannot afford to pay a tax preparer or certified public accountant to help them and dont have the resources or access to try and file the returns on their own.

…

Read the full article at: http://www.courierjournal.net/columnists/on_your_debt/article_292d7c5a-3c7a-11e8-8429-43a67e5b579a.html

Wipro shares fell as much as 2.5 per cent as the company had on Monday said that one of its telecom clients in India has filed for bankruptcy and it would impact its profit for the March quarter and year ended March 31, 2018.

“On February 28, 2018, the client filed a petition to initiate its Corporate Insolvency Resolution Process (CIRP) with the National Company Law Tribunal (NCLT),” Wipro said in a BSE filing. However, it did not name the client.

On February 28, Aircel had filed for bankruptcy. Wipro said it has subsequently submitted its claim on March 28, 2018 and since then has been engaged with the Insolvency Resolution Professional to discuss the potential outcome of the process.

Wipro said it is likely to see an impact on profi…

Read the full article at: https://www.thehindubusinessline.com/markets/stock-markets/wipro-falls-25-as-clients-insolvency-petition-may-impact-q4-profit/article23488620.ece

Linc Energy's UCG to GTL Demonstration Facility at Chinchilla in southern Queensland in 2014.


Related Story:
Gas company ‘knew it was causing damage but allowed it to continue’

The pursuit of Linc Energy for serious environmental harm sounds a loud warning to Queensland industry that any large company doing the wrong thing will be rigorously pursued, an environmental lawyer says.

But the Opposition said the Government was merely cleaning up a mess of its own making.

A District Court jury yesterday found Linc Energy guilty of wilfully and unlawfully causing environmental harm at its underground coal gasification (UCG) plant ne…

Read the full article at: http://www.abc.net.au/news/2018-04-10/gas-company-court-ruling-sounds-a-warning-lawyer-says/9637874

Wipro share price settled flat in Monday’s trade even as the IT major said its profitability may be impacted by 65-75 basis points in the March quarter as one of its telecom clients is undergoing insolvency proceedings. Without naming the client, the third largest software services firm in India, led by Azim Premji, said its profitability may be impacted by 65-75 basis points in the March quarter. Without naming the client, Wipro said it had signed a multi-year outsourcing services agreement with a telecom services provider in India in 2008, which was subsequently renewed in the year 2013.

Telecom operator Aircel on February 28 had said it has filed for bankruptcy as it had been facing “troubled times” in “highly financially stresse…

Read the full article at: http://www.zeebiz.com/companies/news-wipro-q4-profit-may-be-hit-by-telco-clients-insolvency-proceedings-42198

The Government Inspectorate (GI) will conduct 25 crucial inspections this year, including scrutiny of the central banks implementation of a restructuring project in the past five years. Photo baogiaothong.vn


HÀ NI The Government Inspectorate (GI) will conduct 25 crucial inspections this year, including scrutiny of the central banks implementation of a restructuring project in the past five years.


According to Plan No.478/KH-TTCP issued last week by Chief Government Inspector Lê Minh Khái, GI in the second quarter will inspect the responsibility of State Bank of Vit Nam (SBV) in the implementation of the project on restructuring credit institutions (CIs) in combina…

Read the full article at: http://vietnamnews.vn/economy/426017/govt-to-inspect-sbv-restructuring-efforts.html

Binani Industries in its submission before the Kolkata bench of National Company Law Tribunal (NCLT) on Monday said that it has filed an application before Supreme Court for setting aside the April 5 order passed by the National Company Law Appellate Tribunal (NCLAT). It has also prayed for the termination of insolvency proceedings against Binani Cement.

It is to be noted that on April 5, while posting the matter for further hearing on April 19, the NCLAT had directed the Kolkata bench of NCLT to consider the Binani Cement case only under the provisions of the Insolvency and Bankruptcy Code (IBC).

The counsel for Binani Industries, in its application before the Supreme Court, has requested for setting aside the NCLAT order and also praye…

Read the full article at: https://www.thehindubusinessline.com/news/binani-industries-moves-apex-court-to-end-insolvency-proceedings-against-cement-arm/article23483821.ece

In a significant development in relation to the Insolvency and Bankruptcy Code, 2016, the Supreme Court today issued notice to the Central government in a petition challenging the vires of various provisions of the Insolvency and Bankruptcy Code, 2016 (Code).

Most importantly, the petition also assails all the appointments made to NCLT and NCLAT prior to 2018 on the ground that it falls foul of the judgment rendered by the Supreme Court in Madras Bar Association v. Union of India.

The matter was heard yesterday by a Bench of Chief Justice Dipak Misra and Justices AM Khanwilkar and DY Chandrachud.

Senior Advocates Aryama Sundaram and KV Viswanathan and advocates Masoom Shah, Vishwas Shah and Udit Gupta appeared for the petitioners….

Read the full article at: https://barandbench.com/breaking-supreme-court-issues-notice-centre-challenge-provisions-insolvency-bankruptcy-code/

MILWAUKEE, April 9, 2018 /PRNewswire/ — The Bon-Ton Stores, Inc. (OTCQX: BONT) (“the Company”) today announced that it has received a signed letter of intent from an investor group composed of DW Partners, Namdar Realty Group (including its partner Mason Asset Management) and Washington Prime Group (the “investor group”), pursuant to which the investor group proposes to acquire the Company as a going concern in a Bankruptcy Court-supervised sale process. The Company and the investor group are in the process of finalizing an asset purchase agreement in advance of an auction, which is now scheduled to be held on April 16, 2018.

Bill Tracy, President and Chief Executive Officer, said, “We are pleased to have received this sig…

Read the full article at: http://markets.businessinsider.com/news/stocks/the-bon-ton-stores-inc-receives-signed-letter-of-intent-from-dw-partners-namdar-realty-group-and-washington-prime-group-1021003042

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