Losses
Ninestar publishes forecast for FY2023
February 2, 2024
Ninestar Corporation faces a challenging fiscal year with an anticipated net loss of RMB450 to RMB650 million ($63 to $91 million/€58 to €84 million) for 2023, starkly contrasting last year’s RMB186.289 million ($26 million/ €24 million) profit.
Kotak and Karvy bid for Ricoh India
January 18, 2019
Kotak Investment Advisors and Karvy Data Management Services have submitted bids to acquire Ricoh’s troubled Indian subsidiary. As the Economic Times reports, the “distressed” Ricoh India has almost Rs 3000 crore ($421.7 million/€369.7 million) in unpaid dues and owes Ricoh Japan and Ricoh Asia Pacific approximately Rs 1,500 crore ($210.8 million/€184.8 million). Kotak and Karvy […]
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