Search Results for: restructuring

SAP to fire 4,000 employees worldwide; at least 400 layoffs expected in India

The German software giant has said that the layoffs are not for cost-cutting but to bring in new employees with sound knowledge and understanding of the changes in technology.

Jan 31, 2019

High-level exits cast shadow over Modi govt's statistical credibility

Resignation of remaining independent members leaves National Statistical Commission in limbo with only official members remaining

Jan 30, 2019

Jet to seek nod for turning debt to equity; Goyal's stake to be less than 20%?

EGM of debt-ridden private airline will increase equity and dilute Goyal's stake while allowing conversion of debt to equity

Jan 29, 2019

Reliance Jio's interest to heat up race for Zee Entertainment stake

Mukesh Ambani's company will be joining global giants like Amazon, Apple, Tencent and Alibaba in a bid war for ZEEL investment.

Jan 28, 2019

Banks sell bad debt at fire sale prices; it isn't good news for Modi

This development is bad news for Prime Minister Narendra Modi, who is keen to get banks lending more to stimulate the economy and create more jobs ahead of an election due by May this year.

Jan 28, 2019

Apple lays off 200 employees from its autonomous vehicle project

The Cupertino-based tech giant is said to have taken the step as part of its restructuring plans for the unit. Apart from the 200 employees, there are many others who will be moved to various other units within Apple.

Jan 25, 2019

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CCD aficionados await a better brew after Siddhartha's MindTree pullout

A restructuring could help coffee chain focus on core business and expand to new geographies boosting share price discovery.

Jan 21, 2019

SBI-led consortium eyes debt-equity deal as Jet Airways rescue talks enter final stage

Jet shares turn volatile over Etihad offer reports while proposals include dilution of Goyal's equity and seats for lenders on the company's board.

Jan 17, 2019

Emirati tycoon Al Habtoor offers to buy Leela hotel chain

In a letter to Arun Jaitley, Rashid Al Habtoor has offered to clear the debts of Leela Group of Hotels to SBI and private lenders and make a public offer to buy shares.

Jan 16, 2019

Etihad Airways to invest in debt-laden Jet Airways at discounted Rs 150 per share

Etihad, which owns 24 per cent of Jet, wants exemption from the market regulator on preference pricing and open offer guidelines to invest more for the bailout.

Jan 16, 2019

jet airways, jet airways q4 results, jet airways share price, aviation stocks, spicejet share price, spicejet q4 results

Naresh Goyal to cede Jet Airways control as bailout plan explores more Etihad stake

The SBI-approved proposal seeks lenders to recast the private airline's debt and increase foreign partner's equity participation.

Jan 15, 2019

Ford to cut thousands of jobs as part of restructuring plans, may shut down plants

While the automaker did not specify the number of employees that would be affected, it did reveal that the number could go up to "thousands," and would include salaried as well as hourly workers.

Jan 11, 2019

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Sikkim to give free money to residents: What is Universal Basic Income Scheme?

The Economic Survey of India 2017 had called the UBI scheme a "conceptually appealing idea".

Jan 10, 2019

Naresh Goyal's exit can alone save Jet Airways from becoming another Kingfisher?

The report says SBI could possibly convert its debt to equity in Jet Airways when the Rs 8,000 crore debt is recast.

Jan 9, 2019

RBI's economic capital framework faces a crude shock

India's dependence on imports for meeting 80% of the oil demand makes it susceptible to oil shocks, a central bank study says.

Jan 8, 2019

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