Search Results for: restructuring

Why is China downsizing its army to less than a million amid Sikkim standoff?

While the decision to cut the number of troops amid border tensions has raised quite a few eyebrows, it is being said that PLA intends to boost its naval strength through the restructuring process.

Jul 12, 2017

Tata Steel sells two UK pipe mills to Liberty House Group

The mills in Hartlepool employ 140 people and have a production capacity of over 250,000 tonnes a year.

Jul 11, 2017

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IT layoffs: Hyderabad High Court issues notice to Tech Mahindra for illegal job cuts

Hyderabad High Court's Justice M S Ramachandra Rao issued notices to Tech Mahindra and the state of Telangana for unlawful job cuts, and they will have three weeks to respond.

Jul 11, 2017

Tech Mahindra Layoff: Anand Mahindra apologises to employee asked to resign by 10 am

Anand Mahindra's apology comes after an unnamed employee was asked to leave with immediate effect and his recorded conversation with the HR representative went viral online.

Jul 8, 2017

Microsoft confirms layoffs; job cuts likely to impact about 3,000 employees

The Redmond-based firm began sending out layoff notices on Thursday and most of the job cuts are likely to affect the firm's sales and marketing staff based out of the US.

Jul 7, 2017

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Want to acquire AI's international operations: IndiGo

While IndiGo may be interested in buying national passenger carrier Air India's international operations, it has said that it is not keen on a joint venture with the government.

Jul 7, 2017

Where banks fear to tread: NPAs on the rise, RBI moves slowly, but surely

Over-leveraged industry stalls on investments and capacity utilisation, as banks go easy on the lending button.

Jul 4, 2017

Air India divestment: More positives than negatives to a Maharaja's selloff

Was the intangible benefits of holding on to a 13 percent market share worth pouring red ink on a battered balance-sheet? The government didn't think so.

Jul 3, 2017

Samsung cuts manpower for first time in 7 years

Corporate restructuring in Samsung's factories in China and other Asian countries also led to the overseas manpower cut.

Jul 3, 2017

Fast forward; GST set to transform face of Indian logistics industry

GST has paved the way for ultra-modern storage sites with automated conveyers, RFID-enabled tracking and IT-enabled warehousing management systems.

Jun 30, 2017

Unburdening: Tata Teleservices seeks to recast Rs 32,000-cr debt pile

Tata Tele has reportedly approached a lender consortium led by SBI for restructuring outstanding debt of Rs 32,000 crore.

Jun 24, 2017

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IPL contract, 60% of captain's fees: Anil Kumble's steep demands led to his downfall?

The former coach's demand of support staff "earning from IPL" had caught the attention of BCCI top brass.

Jun 24, 2017

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White collar rejig, layoffs at Tata Motors will save company Rs 400 crore

About 1,200-1,300 employees of Tata Motors have been reassigned or let go. Tata Motors plans to slash about 3,000 blue-collar jobs in the next 2-3 years.

Jun 23, 2017

RBI announces members of oversight panel to tackle bad loans

The panel will oversee restructuring of troubled loans, as it strives to cut more than $150 billion of bad debt accumulated by banks.

Jun 22, 2017

7th Pay Commission: Central govt employees can hope for good news on allowances; Air India privatisation gains momentum

There is a possibility of the Union Cabinet taking a decision on raising allowances for Central government staff as recommended by the 7th Pay Commission.

Jun 19, 2017

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