sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
General »
 Interest income from an NRO account is fully taxable in India
 Income tax payers filing appeals before ITAT will have to provide information relating to the amount locked up in dispute
 GST, infrastructure status drive PE investments in warehousing
 Taxman should move towards limited scrutiny
  Government likely to withdraw tax notice on free banking services
 GST Council may bring natural gas, aviation turbine fuel under its purview at next meeting
 IT department cautions TDS deductors against quarterly filing default
 The notification said start-ups approved by an inter-ministerial panel are exempted from the tax which is levied on firms issuing shares to investors above their fair value, treating it as income from other sources
 Why you need to sort out your tax-residency status
 Government likely to withdraw tax notice on free banking services
 Senior Citizens Savings Scheme Rules, 2004

PwC, the administrators have axed more than 700 jobs
November, 11th 2010

PricewaterhouseCoopers (PwC), the administrators to failed building group Rok, have axed more than 700 jobs.

PwC said the redundancies were due to "little or no interest" in parts of the business from prospective buyers or "insufficient work for staff to carry out". Of the 711 cuts, 558 are in the maintenance and improvements division.

PwC was called into Rok on Monday after the company, which works on construction projects and repairs buildings for insurers and councils, shocked the City by collapsing.

Mike Jervis, joint administrator, said more than 100 expressions of interest have been received from potential buyers of Rok or its contracts.

PwC is reducing this to a shortlist. Mr Jervis added: "We are short-listing bidders on the basis of their size, level of interest in acquiring large parts of the business and their speed of reaction. We expect to have further updates by the end of the week."

Rok, which employed 3,800 people, is understood to have suffered a "tightening of credit" from suppliers and customers after issuing a profits warning in August. A last-minute attempt to secure emergency financing failed at the weekend, it is understood.

Mr Jervis said PwC had offered axed Rok staff the "opportunity to attend a site in person or take part in a conference call".

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions