Search Results for: restructuring

RBI to direct banks to start bankruptcy proceedings against 12 defaulters

The RBI said the 12 accounts identified as defaulters constituted about 25 percent of the overall gross non-performing assets, and added that it will direct lenders to begin insolvency proceedings around these accounts.

Jun 14, 2017

Exiting General Motors gives India employees less than a month to resign

GM has a two-decade presence in India with less than 1 percent market share. Aftersales will be impacted as employees marked for voluntary retirement are engaged in domestic sales.

Jun 12, 2017

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RBI voices concern over farm loan waiver again; BofA Merrill Lynch says write-offs could reach $40 billion by 2019

Uttar Pradesh waived farm loans worth Rs 36,000 crore while Maharashtra also intends to write off agri loans of about Rs 30,000 crore, raising alarm in RBI.

Jun 7, 2017

Devendra Fadnavis announces biggest ever farm loan waiver but farmers refuse to end strike

The Maharashtra CM said that this first-ever complete loan waiver in India will come into force by October 31, and will benefit 40 lakh farmers.

Jun 4, 2017

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Reserve Bank of India initiates steps to replace outgoing deputy governor SS Mundra

SS Mundra, currently one of the four deputy governors of RBI, is due to retire in July.

Jun 2, 2017

Layoffs resurface as Tata Motors joins the fray, 1,500 managerial staff axed already

Tata Motors, India's leading automaker says that up to 1,500 from its total 'white collar' workforce will lose their jobs, an exercise that started in 2016.

May 25, 2017

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Sensex, Nifty end in the red; Tata Motors, GAIL buck the trend, close with gains

With many brokerages recommending a "buy," Tata Motors is the top gainer on BSE, rises 5 percent in intraday high; GAIL (India), Adani Ports also gain.

May 24, 2017

Kawasaki India plans to stop its operations at Bajaj Auto's Pune plant: Report

Within two months after breaking ties with Bajaj Auto in sales, Kawasaki plans to go solo in production as well.

May 22, 2017

rp sanjiv goenka group, cesc, cesc restructuring, cesc share price, rp sanjiv goenka group companies

RP-Sanjiv Goenka Group's CESC announces business restructuring scheme

This (the restructuring scheme) will lead to four entities focusing on generation, distribution, organised retail and other ventures," Group Chairman Sanjiv Goenka said.

May 19, 2017

Cisco Systems to lay off 1,100 employees as part of restructuring plan

Cisco Systems announced on Wednesday that it would lay off 1,100 employees. The company, based in San José, California, had announced 5,500 job cuts in August 2016.

May 18, 2017

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BMR elevates five partners in Mumbai, Delhi

The partners are Anand Laxmeshwar, Sumit Singhania, Saurabh Kanchan, Lokesh Malik and Harkishan Bhatia.

May 2, 2017

No ICC Champions Trophy after IPL? Worry for fans as Indian cricket calendar 2017 could change

The ongoing war between the BCCI and the ICC could rob Indian cricket fans from seeing Team India at the Champions Trophy 2017 this June.

Apr 20, 2017

Wipro Q4 results preview: Analysts have a mixed view on company meeting IT revenue guidance

Azim Premji-controlled Wipro had given IT revenue guidance of $1,922-1,941 million for Q4 (March 2017 quarter).

Apr 19, 2017

china, chinese economy, china gdp growth for 2017, world bank report on china, chinese president xi jinping

World Bank forecasts China growth rate of 6.5% for this year

The World Bank also warns of issues arising from corporate debt in China,

Apr 13, 2017

reliance communications, anil ambani, anil ambani group, adag, telecom sector in india, job losses in india, hiring and firing in india, unemployment in india

Reliance Communications lays off 800 employees: Report

Falling revenues and margins are forcing Anil Ambani's Reliance Communications to take drastic steps such as laying off employees.

Apr 7, 2017

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