Search Results for: restructuring

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Axis Bank terminates over 50 mid-level managers to raise 'productivity and efficiency'

Axis Bank CEO Amitabh Chaudhry has introduced a series of structural changes in India's third largest private sector bank since his takeover in January.

Apr 5, 2019

Will Supreme Court order quashing RBI note on stressed loans create more Nirav Modis?

In the aftermath of the court order, banks may turn more to the 'Project Sashakt' to deal with stressed assets above Rs 500 crore.

Apr 3, 2019

SC to hear if lawmaker can invoke immunity to escape trial

A five-judge Constitution bench of the Supreme Court will begin hearing from Wednesday.

Mar 26, 2019

TCS' $420 million 'data theft' case filed by Epic Systems moves to higher US court

US-based Epic Systems had filed a case against TCS, accusing the Indian IT giant of stealing its intellectual property. It said that employees of the firm had created a fake user account and stole over 6,000 confidential details on Epic's system development information.

Mar 25, 2019

World brain tumor day, Brain tumour, brain health, mental health, health,

Severe childhood trauma can restructure the brain, could lead to depression: Lancet study

The results from MRI scan images suggest that both childhood maltreatment and recurring depression are associated with similar reductions in the surface area of the insular cortex, part of the brain that regulates emotion and self-awareness.

Mar 23, 2019

Oracle India joins tech giants announcing massive restructuring, sacks 100 employees

Software developers, quality assurance and documentation professionals have been badly impacted by the announcement.

Mar 22, 2019

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Jet Airways in free fall as Etihad pulls out of rescue deal

Jet Airways has been staring at an abyss with more flights getting cancelled every day as lessors ground aircraft over the payment defaults.

Mar 21, 2019

Jet Airways delays interest payments, grounds more planes

Cash-crunched Indian carrier Jet Airways Ltd said on Monday it will delay paying interest to its debenture holder, due March 19, owing to financial constraints.

Mar 18, 2019

Jet bailout plan: Naresh Goyal to dilute his stakes to 17%, lenders to hold 30%

Notably, Jet has already grounded its 40 per cent of its fleet along with cancelling hundreds of flights across routes.

Mar 10, 2019

Indian Army to strengthen vigilance and human right issues; to create two new posts

The plan is based on the recommendation which seeks to make the 1.3-million-strong army leaner and fitter for a 21st-century war.

Mar 8, 2019

Mighty Tatas restructure unwieldy group into 10 verticals

The move is aimed at improving coordination and functioning and is likely to help in synergising operations of over 100 group companies, often operating in overlapping markets.

Mar 4, 2019

Jet Airways founder Naresh Goyal agrees to step down as chairman

After months of deliberation, the exit of Naresh Goyal would allow the board to go ahead with the debt restructuring plan of the cash-strapped airline.

Mar 1, 2019

Honda 'to shut down UK plant,' over 3,500 jobs on the line

The Swindon plant is known to be a busy one with about 100,000 Civic cars being produced for the global market, and shutting it down would mean over 3,500 workers would lose their jobs.

Feb 19, 2019

An aircraft of India's Jet Airways lands

Jet Airways' bailout plan: Lenders to become largest shareholders, Goyal's stake may drop to 25%

Jet Airways said that its board has approved a rescue plan, through which a consortium of banks — led by the State Bank of India — will convert a part of their debt into equity.

Feb 15, 2019

Reliance Power shares meltdown: Anil Ambani-led firm seeks Sebi ban on Edelweiss Securities

Anil Ambani-led company alleges market abuse after heavy erosion in market cap of group companies following the sale of shares pledged to lenders.

Feb 11, 2019

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