Search Results for: restructuring

Steering committee to analyse, recommend restructuring of PSU banks' bad loans

The banks were asked to propose a "commercially prudent" mechanism for loan settlements.

Jun 6, 2016

Here's what IATA said on global passenger demand, PLF, revenues for 2016

Passenger demand growth rate will be down to 6.2 percent, while cargo demand growth may be muted at 2.1 percent, y-o-y, said IATA.

Jun 3, 2016

l&t infotech larsen toubro job offers withdraws offer letters jobs recruitment campus

L&T Infotech withdraws offer letters to 1,500 engineering students from Tamil Nadu: Report

The students said that L&T Infotech withdrew the offer letters saying their "performance was not up to the mark".

May 30, 2016

IIM-A reaches out to Paytm after graduates left stranded by Flipkart

Firms such as Amazon, ShopClues have also expressed willingness to consider the resumes of students affected by Flipkart's decision.

May 27, 2016

Lenovo posts $128M annual loss, first in 6 years

Lenovo said that the full year revenue declined 3 percent year-on-year at $44.9 billion.

May 27, 2016

Why Flipkart delayed joining dates of new campus hires from IIM-A, IITs

Flipkart's wavering has forced us "to rethink our strategy about this entire space," said a placement chairperson of one of the IITs.

May 26, 2016

Sorry Fans, Nokia Will Not Re-Enter The Phone Market; The Rise And Fall Of An Empire

Microsoft to cut 1,850 jobs and write down $950 million in smartphone business

Majority of the job cuts will take place in Finland, the origin of Microsoft's Nokia mobile business, by the end of the fiscal year 2016-17.

May 25, 2016

HP Enterprise to merge IT services unit with Computer Sciences

HPE is expected to have $33 billion in annual revenue after the spin off and will concentrate on its remaining enterprise group.

May 25, 2016

HSBC to shut down 24 branches in India

The bank said it plans to consolidate to 26 branches in 14 cities across India.

May 20, 2016

HSBC cuts 840 jobs in UK as part of its restructuring plan

Most of the staff affected were informed about the job cuts on Monday, sources were quoted as saying by Reuters.

May 17, 2016

bank credit, rbi, demonetisation, india slowdown, economy, urjit patel, pm modi

Indian banks akin to patients in ICU; surgery was inevitable: RBI deputy governor

SS Mundra, deputy governor of Reserve Bank of India (RBI), says the surgery has been "successful" but now banks need to "change their lifestyle".

May 16, 2016

'Captain America 3' directors weigh in on the real 'Civil War' that took place within Marvel Studios

Marvel's next film will be "Dr. Strange" which will release on November 4, 2016.

May 13, 2016

RBI modifies shareholding norms for Indian private banks

Promoters (natural persons) can now hold 15 percent as against 10 percent earlier, according to the amended guidelines issued by the RBI.

May 13, 2016

Toshiba Corp incoming President and chief executive Satoshi Tsunakawa (L) and incoming chairman Shigenori Shiga during a news conference at the company headquarters in Tokyo, Japan

Toshiba nominates new CEO to steer company's name away from $1.3B accounting scandal

Satoshi Tsunakawa, the former head of Toshiba's medical equipment division, is likely to succeed Masashi Muromachi next month.

May 7, 2016

Kingfisher Case: A timeline of events since Vijay Mallya's departure

Vijay Mallya-owned Kingfisher Airlines defaulted more than Rs. 7,000 crore to Indian banks sparking off a keenly watched high-profile corporate drama over two months.