Search Results for: restructuring

infosys, infosys layoff, infosys hiring, it jobs, vishal sikka

Infosys executives Abdul Razack and Pervinder Johar quit in fresh blow to IT giant

While this could be a part of new chairman Nandan Nilekani's restructuring plan, Abdul Razack and Pervinder Johar's resignations have raised quite some eyebrows.

Oct 14, 2017

You can always go home: Reliance Communications to re-absorb 4,000 staffers after Ericsson deal debacle

RCom and Ericsson decided to sever ties over non-payment of dues to the latter, amounting to approximately Rs 1,150 crore and now 4,000 employees are set to rejoin Reliance Communications.

Oct 11, 2017

air india, qatar airways, atf prices in india, jet fuel prices in india, indian civil aviation, domestic air traffic

Air India taps Rs 6,000 crore loan amid disinvestment plans

The airline is facing cash deficit and the loans from the government will offer some short-term relief and meet the immediate capital requirements.

Sep 26, 2017

Asus Zenfone 5 series launching in March 2018? CEO Jerry Shen bullish on upcoming quarters

Asus is apparently planning an early release of the Zenfone 5 series as the company is hopeful of strong upcoming quarters.

Sep 23, 2017

Essar Steel gets Rs 800 crore interim financing from Edelweiss Group

The interim financing will keep Essar Steel as a going concern till lenders and the IRP finalise a restructuring plan within 270 days.

Sep 7, 2017

Energy drive: More power play will push discoms to higher growth

A steep fall in plant load factor (PLF) could be a point of reference to begin with.

Sep 3, 2017

Cabinet reshuffle: PM Modi chooses 9 new faces, including diplomat, bureaucrats, ex-police chief

Prime Minister Narendra Modi has chosen nine new faces ranging from diplomat to bureaucrats and ex-police chief for his next Cabinet reshuffle. Read to know more.

Sep 3, 2017

Remember MS Dhoni's Confederate Hellcat? Maker of the badass bike is going all electric

As part of restructuring its business the Confederate brand will retire and it will be replaced by a new company called Curtiss Motorcycles.

Sep 2, 2017

Tripping up: Nike ticks 20% staff off its India roster

Oregon-headquartered Nike has gasped for breath in a demanding Indian market, and had closed its cricket bat sponsorship deals to save on costs.

Sep 2, 2017

No strings attached: Lexus India decides to stay independent from Toyota

The rejig has been initiated to strengthen Lexus India's leadership structure and to streamline the brand's growth strategy.

Sep 1, 2017

57,000 army personnel will be redeployed in a major overhaul: Arun Jaitley

Of the 99 recommendations suggested by the Lt Gen Db Shekatkar (retd) committee, the defence ministry has accepted 65 after consultations with all the stakeholders.

Aug 30, 2017

Tata Steel, Posco likely to bid for Essar Steel

Betting on government spending on infra projects, specifically affordable homes, Tata Steel is keen to grow the business through strategic acquisitions.

Aug 24, 2017

Jaypee Infratech withdraws objections as NCLT admits insolvency proceedings

Various benches of NCLTs have so far admitted insolvency proceedings against 10 of the 12 identified companies, including Jaypee Infratech.

Aug 10, 2017

Smart move: Tata Group hiring bankers to revamp business; over 100 units to peter out?

Tata Sons chairman Natarajan Chandrasekaran is hoping to increase the efficiency of the conglomerate and exit from businesses which don't fit the group's priorities.

Aug 9, 2017

Corus buy was a sound business move, says Chandrasekaran

Says Corus acquisition was carried through on board consensus and all communications with Tata Sons were in line with corporate governance processes.

Aug 8, 2017

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