The Dubai government said it is planning to open leading Dubai-owned companies for public equity participation in order to restructure those hit hard by the financial crisis.
'When a company goes into insolvency, by definition it means that existing shareholders have been wiped out.'
Consultants are working with various teams on manufacturing, R&D, etc, to assess per-month productivity of each department.
The Bangalore-based company has revamped itself as it aims to simplify its business structure and focus on being a specialist in certain areas.
Total net debt-equity ratio improves for third consecutive year, while investment in new projects hits a 10-year low, says Krishna Kant.
To bail out Hindustan Copper Limited from its financial morass, the government plans to restructure the company's capital and waive interest on its loan, guarantee fee among others to adjust against HCL's accumulated loss of Rs 723 crore.
Those involved in the discussions say the guidelines for selection of bidders in insolvency cases need to be transparent, otherwise anyone who loses out could take legal recourse, leading to wastage of time and derailing the whole process.
The firm, which owns, operates and manages hotels, palaces and resorts, is likely to hive-off the two properties into separate entities.
Certain provisions of the code would delay the negotiation process, increase the tax liabilities and introduce uncertainties due to the General Anti-Avoidance rules.
Kiran Kumar Grandhi, 38, was earlier in charge of the urban infrastructure and highways business, which contributes five per cent of the Rs 10,000-crore revenue of GMR Infra.
Two wheeler maker LML has declared a lockout from Tuesday due to an illegal strike by its workers at its Kanpur unit, the company said in a notice to the Bombay Stock Exchange.
China Development Bank takes Reliance Communications to NCLT over loan default
Moody's, which cut its FY14 growth estimate to 4.5 per cent recently, said economic growth will be lowest in a decade.
The Budget would have been the perfect vehicle to introduce some bold initiatives.
That opportunity has been lost through this Budget, observes Shreekant Sambrani.
Twitter's user base grew by only five million in 2015.
'Instead of doing reforms and restructuring, the present government is busy with the perception that everything is fine and the economy is hunky-dory.' 'Such hollow perceptions are very dangerous for the Indian economy in the long run.' 'The real risk to India is the lack of decent employment opportunities for youth in general and educated youth in particular.'
The board of Kingfisher Airlines today approved converting lenders' debt of up to Rs 1,355 crore (Rs 13.55 billion) and the promoter-founders' debt of Rs 648 crore (Rs 6.48 billion) into share capital.
'An entrepreneur should always remain under pressure or he will die,' Vineet Rai tells Anjuli Bhargava.
Malaysian state investor Khazanah Nasional, which owns nearly 70 per cent of the airline, said it had submitted a proposal to the Malaysia Airlines to delist the company. Under the plan, minority shareholders will be bought out.
Labour law changes for three years may not be enough as it takes a couple of years for factories to build and operations at a proper scale start only in the third or fourth year.
Having drawn the blueprint to pass on his over Rs 7,000 crore (Rs 70 billion) business empire to his daughters and grandchildren, India's grand old industrialist B K Birla has set about restructuring unlisted companies in the group.
With increasing growth in demand by companies for environmentally sustainable services, millions of job opportunities are in the offing for people having the skill sets related to green services, experts say.
L&T -- which has two subsidiaries L&T Infotech and L&T Technology Services -- is keen to bring Mindtree under its fold to exponentially raise its client base and product offering.
Tyre maker Dunlop's owner Pawan Kumar Ruia has submitted a bid to acquire South Korea's bankrupt SsangYong Motor, while Mahindra & Mahindra is also understood to have made a similar move.
A look at the fortunes of banks through the stocks of five pillars of the edifice.
Decoding four important provisions in the Finance Bill 2018.
Electrolux Kelvinator Limited, maker of refrigerators and washing machines, would foray into microwave oven and airconditioner segments soon, a top company official said in Bangalore on Friday.
Shutting of stores had not stopped alcohol sales. On the contrary, it had increased black market operations and peddling of illicit hooch, which could cause death/serious injury.
The company will structure its services under four business segments -- Data, voice, WiMax and National Long Distance services -- that would help it increase focus on customer segments and improve revenue generation. The group will realign operations of Reliance Globalcom (formerly Flag Telecom), Reliance Globalcom Services (earlier acquired Yipes Enterprises) and Reliance Vanco Group (formerly Vanco Group) under the four proposed verticals.
Anand Mahindra says driverless tractors could change the future of food production.
Even as Infosys posted healthy growth for October-December 2013 and raised its revenue forecast for FY14, S D Shibulal, the managing director and chief executive officer, says it's still work in progress.
Although the United Progressive Alliance government returned to power, minus the push and pulls of Left parties, it decided to keep western multi-brand retail chains off from the country's $450-billion retail market.
Can, and has, increased its cash levels in turbulent markets
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