Insolvency regulator specifies one year limit for liquidation of company

The insolvency regulator has notified rules that will give promoters and other stakeholder 90 days after the commencement of insolvency proceedings to re-take control of the company through agreements with creditors, as per ET reports.

Oasis Statement on Shareholder Proposals for a Governance Turnaround at Toyo Seikan

Business Wire India   *Oasis submits five shareholder proposals aimed at significantly improving governance at Toyo Seikan   *Toyo Seikan has underperformed TOPIX by 86.1% over five years *More information available at www.ToyoSeikanCorpGov.com   Oasis Management Company Ltd. (“Oasis”) is…

Rimini Street Announces Fiscal First Quarter 2021 Financial Results

Business Wire India Quarterly revenue of $87.9 million, up 12.6% year over year Gross Margin of 61.5%, up from 61.3% year over year Quarterly Billings of $81.0 million, up 24.2% year over year 2,550 active clients at March 31, 2021,…

Hilco Industrial Acquires All Machinery & Equipment from Legacy Pharmaceutical Switzerland

BASEL, Switzerland, April 29, 2021 /PRNewswire/ — Hilco Industrial Acquisitions, an Amsterdam-based Industrial Asset Disposition and Acquisition Company, acquired all Machinery & Equipment from the Swiss-based CMO Legacy Pharmaceuticals. After several years of expansion, the Swiss company was forced to…

Rimini Street Announces Fiscal Fourth Quarter and Annual 2020 Financial Results

Business Wire India Quarterly revenue of $87.8 million, up 15.4% year over year Fiscal year revenue of $326.8 million, up 16.3% year over year Fiscal year operating cash flow of $42.1 million, up 107% year over year 2,487 active clients…

KAGAAY Announces India’s First Gamified Online Real Estate Property Flash Sale

Business Wire India KAGAAY – India’s first Gamified Realty Sales Enablement mobile app, is all set to launch India’s very first Property Flash Sale. The sale will commence in January 2021 on the KAGAAY mobile app.It is expected that more than 10k…

F2FMART Enabling Businesses to Successfully Pivot in the Pandemic

MUMBAI, India, Nov. 9, 2020 /PRNewswire/ — As Fibre2Fashion continues to expand its product offerings, serving the textile, apparel and fashion industry remains at the heart of the 20-year-old company. Fibre2Fashion is now in the process of empowering wholesale businesses…

Rimini Street Announces Fiscal Third Quarter 2020 Financial Results

Business Wire India Quarterly revenue of $82.5 million, up 19.3% year over year Quarterly calculated billings of $68.3 million, up 33.3% year over year 2,365 active clients at September 30, 2020, up 16.4% year over year   Rimini Street, Inc.…

OKEx’s BTC Perpetual Swap Funding Rates Among the Most Competitive in the Industry

VALLETTA, Malta, Aug. 7, 2020 /PRNewswire/ — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is providing Bitcoin futures traders with more reasons to trade on its platform in the form of competitive funding rates on its popular BTC perpetual swap…

Chronicling The Jet Airways Saga: From Making History To Becoming It

The only consolation, perhaps, for Naresh Goyal – the airline’s affable founder – is that Jet Airways died a natural death (due to market forces); unlike the mass extinction, precipitated by the ongoing COVID-19 crisis, that awaits the airline industry at large.