Search Results for: restructuring

HP Inc says to accelerate job cuts by 2016

The restructuring will result in charges and associated cash payments of about $300 million in the current year, HP said.

Feb 25, 2016

United Tech says a deal with Honeywell would face major challenges

Merger discussions between the two US-based multinationals are not currently active.

Feb 23, 2016

KKR picks up 10% stake in Max Financial Services

The Analjit Group company, earlier Max India, concluded a three-way split in January this year.

Feb 18, 2016

Supreme Court asks RBI to provide list of loan defaulters

Provisioning for bad loans by Indian banks rose 29 percent during the December quarter sequentially.

Feb 16, 2016

PS4 sales to help improve Sony's profitability: Fitch Ratings

However, Fitch expects Sony's mobile profitability to remain fragile on account of slower growth and increased competition in the global smartphone market.

Feb 5, 2016

Toshiba plans $3.2B investment in new Japan chip facility

Toshiba may deepen full-year loss forecast as restructuring costs mount

The Nikkei reported that Toshiba will downgrade its net loss projection to over 600 billion yen.

Feb 4, 2016

Foodpanda struggles to find buyers despite low price tag: Report

Berlin-based Rocket Internet has been looking to sell its e-commerce firms Foodpanda, FabFurnish and PrintVenue amid intensifying competition in the sector.

Jan 29, 2016

Bharti Airtel Q3 net profit falls 22% to Rs 1,117 crore

The decline was due to exceptional loss and a spike in finance costs.

Jan 28, 2016

Deutsche Bank to hand out sharply lower bonuses this year: Report

Deutsche Bank is contemplating handing out "some extra money" to the top performers in order to retain them.

Jan 26, 2016

Sharp $5.5 billion bailout plan likely to be decided by next weekend

Innovation Network Corporation of Japan is offering to invest $2.6 billion in Sharp.

Jan 22, 2016

IDFC Bank in talks to buy RBS' corporate banking business for Rs 3,000 crore: Report

Currently, the bank has assets worth Rs 10,500 crore in 10 branches and savings deposits of Rs 2,000 crore.

Jan 21, 2016

Barclays to close Asia cash equities; exit South Korea, Taiwan: Sources

The London-based lender will close its equity research, sales and trading and convertible bond trading businesses in Asia.

Jan 21, 2016

HUL net profit falls 22% in Q3, stock hits 52-week low

The company's net profit was Rs 971 crore, while revenues grew at a modest 2.7% to Rs 7,981 crore, y-o-y.

Jan 16, 2016

FCI eyes Rs 10,400 crore from surplus wheat sale in open market

The average wheat selling price has been slightly higher than the price last year.

Jan 10, 2016

EMC plans layoffs to trim costs by $850 million

The layoffs are planned "to keep pace" with changing landscape of the industry, EMC said in filing.

Jan 5, 2016

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