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Diversey Reports First Quarter 2021 Results FIRST QUARTER HIGHLIGHTS Q1 top line grew 2% vs 2019 pre-COVID-19 baseline and -3.6% vs 2020 despite more restrictive COVID-19 lockdowns than expected Net loss of $95.7 million in Q1 driven by significant IPO related costs Adjusted net income of $27.2 million versus $22.5 million in Q1 2020, representing 20.9% growth Adjusted EBITDA of $92.7 million represents a 60 basis point adjusted EBITDA margin improvement versus Q1 2020 and a 630 basis point improvement versus Q1 2019. Unaudited (millions)   (1) See the “Non-GAAP Financial Information and S...

Updated Jan 18, 2021 | 13:35 IST The settlement mechanism that is available at present, provides only a one-time opportunity to resolve disputes. There is also a limitation on the kind of cases that can be taken up. Representational image  New Delhi: Finance Minister Nirmala Sitharaman may unveil a new and continuous framework for faster resolution of disputes over direct taxes in the upcoming Union Budget to be presented on February 1. The government is reportedly considering options such as mediation or a permanent dispute resolution system with pre-specified benc...

New Delhi: The upcoming budget could unveil a new and continuous framework for faster resolution of disputes over direct taxes. The government is considering options such as mediation or a permanent dispute resolution system with pre-specified benchmarks on the lines of the ‘Vivad Se Vishwas’ scheme have been discussed, a person familiar to the pre-budget discussions said. “Various options have been discussed… A final view should be taken shortly,” the person told ET. The idea is to prevent disputes and reduce litigation. According to the FY21 budget, more than Rs 8 lakh crore is lo...

Jersey is witnessing a spike in the inflow of private equity fund managers establishing a physical presence on the island. A number of household name fund managers across all asset classes now call Jersey home, with others in advanced stages of planning to follow them into Jersey. What are the principal drivers of this trend? The drivers can be both economic and regulatory, but redomiciling to Jersey is often also a lifestyle choice for many senior fund management professionals. Jersey's sophisticated funds services offering means that the island can offer operational advantages for fund mana...

Jersey is witnessing a spike in the inflow of private equity fund managers establishing a physical presence on the island. A number of household name fund managers across all asset classes now call Jersey home, with others in advanced stages of planning to follow them into Jersey. What are the principal drivers of this trend?