Search Results for: restructuring

How Tesla defined a new era for the global auto industry

Tesla Inc's rapid rise to become the world's most valuable carmaker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software that is overtaking old-school manufacturing know-how.

Jul 22, 2020

hsbc, hsbc fraud, hsbc fraud charges, hsbc probe for tax evasion

HSBC revives 35,000 job cut plan after pandemic pause

HSBC had postponed the job cuts, part of a wider restructuring to cut $4.5 billion in costs, in March saying the extraordinary circumstances meant it would be wrong to push staff out.

Jun 17, 2020

Fifth Rail Bhawan staffer tests Covid-19 positive

According to the Railway Ministry sources, a fourth grade multi-tasking staffer, who last attended the office on May 19, tested Covid-19 positive.

May 26, 2020

Uber slashes 3,000 more jobs; loses 25 percent workforce in 2 weeks

Uber had fired 3,700 employees less than two weeks ago, demonstrating how badly the global ride-hailing service has been hit by coronavirus pandemic.

May 19, 2020

When a bomb exploded in Amitabh Bachchan's hand

Amitabh Bachchan has revealed the story of a Diwali bomb exploding in his hand and took two months to movie hi tumbe to his index finger.

May 14, 2020

CDS General Bipin Rawat says retirement age of Army jawans to increase, hints at restructuring of the forces

We are soon bringing a policy to extend the service profile of the men and have an increased minimum retirement age, says Chief of Defence Staff General Bipin Rawat.

May 13, 2020

Hyatt lays off 1300 employees; other major chains to follow suit

Hyatt has announced that it will be laying off around 1,300 of its employees in wake of the coronavirus-led economic slowdown, which might affect other major chains in the industry too.

May 11, 2020

British Airways to lay off 12,000 employees as losses loom over airlines' fate

British Airways' parent IAG announced on Tuesday that it will be letting go of 12,000 of its employees as a result of the coronavirus pandemic.

Apr 29, 2020

Govt mulls Rs 3-lakh crore loan guarantee for small businesses, reveals report

Small businesses will be eligible for an additional 20% of their outstanding credit limit, which will be fully backed by the government.

Apr 27, 2020

Liquidity boost, flow of credit: Full text of RBI's announcement on Covid-19 crisis

Appreciating the work of the medical staff, police force and all others working during this pandemic crisis, the Reserve Bank has released its latest announcement on its assessment of the current economic situation.

Apr 17, 2020

Companies will go bankrupt: HDFC MD says India will take 9 months to recover

Addressing a webinar on Friday, Parekh said that the real estate prices in the country would fall around 20 per cent at least, thus, leaving many companies bankrupt.

Apr 12, 2020

SBI, ICICI Bank, HDFC Bank, LIC, others to invest Rs 11,700 crore to revive Yes Bank

Public-sector undertaking State Bank of India will be joined by seven other private lenders namely HDFC Bank, ICICI Bank, Kotak Bank, Axis Bank, Damani, Jhunjhunwala, and Azim Premji Trust to pick up stake and support revival of Yes Bank. LIC has also been roped in by the RBI to revive the private-sector lender

Mar 13, 2020

Founder and former managing director of Yes Bank Ltd, Rana Kapoor

Aftermath of Yes Bank crisis: 40,000 customers abroad panic, CBI files FIR against Kapoor and his family

Post moratorium issued by RBI on Yes Bank, and Rana Kapoor's residence being raided, CBI has now registered FIR against Yes Bank founder Rana Kapoor, his wife and three daughters accusing them of bribery, money laundering and cheating under the PMLA and Prevention of Corruption act.

Mar 10, 2020

Yes Bank crisis explained: What led to the downfall of India's fifth largest private lender?

An RBI moratorium was the last resort to ensure Yes Bank lives through its crisis of deteriorating financial health and a huge pile of bad credits, while State Bank of India stepped in to save the bank by suggesting schemes of reconstruction or amalgamation.

Mar 7, 2020

Yes Bank shares plunge over 70% after RBI caps withdrawals, SBI demands suspension of trading

The State Bank of India, which gave "in-principal" nod to buy a stake in the beleaguered private lender, demanded that trading of Yes Bank's shares should be suspended till the announcement of formal restructuring by the Reserve Bank of India.

Mar 6, 2020

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