Search Results for: restructuring

2018 Honda Jazz facelift launched at Rs 7.35 lakh: What is new?

Honda Cars India launched the 2018 Jazz facelift on Thursday but it looks exactly the same as the previous version. It also comes with same interior and engine options. Then what is new in the new Jazz?

Jul 20, 2018

Defence Ministry postpones warship deal under Make in India

The Rs 20,000 crore contract for landing platform docks (LPD) is witnessing a stiff corporate war between two defence manufacturing giants with allegations of favouritism and supplying insider information.

Jul 18, 2018

No more brigadier rank? Indian Army may do away with position in bid to be on par with civil services

The brigadier rank may not be the only one that the Indian Army plans to do away with. Cadets may also not get the rank of lieutenant and instead may directly be given the rank of captain once they pass out of the Indian Military Academy (IMA) in Dehradun.

Jul 17, 2018

steel production in india, steel production japan, steel exports by india, steel imports by india, india news, steel, tata steel, factory, iip, indian economy, gdp

ThyssenKrupp CEO Heinrich Hiesinger steps down amid criticism of Tata deal

The ouster of ThyssenKrupp CEO was the fourth by a German established company's CEO in as many months, after the chiefs of Deutsche Bank, Volkswagen and Beiersdorf resigned from their position.

Jul 7, 2018

CBI grills two former RBI deputy governors in loan fraud investigation

Two ex-deputy governors at RBI are facing investigation in the Kingfisher loan case. Separately, the CBI had quizzed former deputy governors Harun Rashid Khan and KC Chakrabarty as part of its probe into the PNB scam and a forgery case filed by the Indian Overseas Bank.

Jul 5, 2018

Rattled by the Nirav Modi scam, PNB to shut most operations at its Mumbai branch – report

PNB is closing nearly all its operations in a Mumbai branch that was at the heart of a $2 billion fraud, according to four sources with knowledge of the decision.

Jul 4, 2018

Queen Elizabeth IIs 2017 Christmas Speech

Queen cancels appointments following illness, what will happen when the monarch dies?

Well, the 92-year-old has always been the face of the English monarch and it is quite difficult for people across the globe to imagine Britain sans its favourite Queen.

Jun 30, 2018

Cash-strapped Rolls-Royce to cut 4,600 jobs, mostly in the UK

In a statement, the company said around 1,500 jobs will be axed by the end of 2018, while 2019 and 2020 will also witness more job cuts. The move will mostly affect managerial roles and engineering jobs.

Jun 14, 2018

Fraud-hit PNB suffers biggest ever quarterly loss for an Indian bank

The bank's shares ended down 3.8 percent, their lowest close since June 13, 2016, having fallen as much as 6.4 percent after the results. The stock has lost almost half of its value this year making it the worst performer among Indian bank stocks.

May 16, 2018

bank, canara bank, can bank, canfin homes, canara bank rights issue, bank stocks

Bad loans push four Indian state banks to combined $1.74 billion fourth-quarter loss

Canara Bank said its net loss was Rs 48.6 billion for the three months to March 31, compared with a net profit of Rs 2.14 billion a year earlier. Allahabad Bank reported a net loss of Rs 35.1 billion and UCO Bank a Rs 21.34 billion loss.

May 12, 2018

Who is Amit Bhardwaj? Indian cryptocurrency scamster arrested for $300 mn fraud

Amit Bhardwaj, a former Infosys employee, allegedly duped thousands of Indian investors by hatching Bitcoin-based Ponzi schemes.

Apr 5, 2018

Amazon India sacks 60 employees as part of global restructuring

There may be more layoffs as Amazon India had put 25 percent more employees on performance improvement plans in the December quarter.

Apr 3, 2018

Moto G6 spotted on TENAA listing ahead of launch next month

The TENAA listing reveals the design and specs of Moto G6. It is expected to be launched alongside the Moto G6 Plus and Moto G6 Play in April.

Mar 27, 2018

West Ham vice-chairman Karren Brady issues apology for crowd trouble against Burnley

The supporters of West Ham invaded the pitch on four different occasions at the London Stadium. West Ham joint-owner David Sullivan was also hit by a coin.

Mar 17, 2018

Skoda to lead Volkswagen Group's reboot plan for India, spearheaded by a compact SUV

Volkswagen Group is planning to invest around Rs 8,000 crore in India to turn around sales. Skoda will be the torchbearer for revival mission.

Mar 9, 2018

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