Search Results for: restructuring

OYO clarifies 5,000 job cuts is not due to Coronavirus scare

Oyo issues coronavirus advisory to its employees and announces 5,000 job cuts globally. The job cuts are a part of the company's restructuring announcement in January 2020, and not owing to Covid-19 scare, an OYO spokesperson clarified.

Mar 5, 2020

Government asks banks to process 1.18 lakh pending PMEGP loan applications by March 15

Banks were asked by the Government to release the loans in approved cases immediately. The financial institutions are requested to take up about 1.18 lakh pending PMEGP loan applications latest by March 15, with special emphasis on the North Eastern Region (NER).

Mar 2, 2020

Another WeWork in making? Softbank backed Oyo Rooms fire 20 percent of workforce

Oyo will be firing around 2400 employees which currently has an overall work strength of 12,000 in India.

Jan 14, 2020

Walmart India fires 8 senior staff among 56 executives as part of restructuring

Walmart, the world's largest retailer is also preparing to wind up its physical presence in India and will continue to cut staff.

Jan 13, 2020

IL&FS adds Rs 3,333 crore cash in a liquidity boost

As a result of these efforts, cash and cash equivalent balances across IL&FS Group entities has since September 30, 2018, increased by Rs 3,333 crore to Rs 6,534 crore.

Jan 12, 2020

CDS General Bipin Rawat's new olive green uniform to represent 3 services

The colour of the uniform of the Chief of Defence Staff will remain olive green but it will have all the components of the three services' uniforms.

Dec 31, 2019

Prime Minister Narendra Modi meeting Army Chief General Bipin Rawat, Navy Chief Admiral Karambir Singh and Air Chief Marshal BS Dhanoa at Red Fort in Delhi.

Cabinet committee on Security gives green signal to creation of Chief of Defence Staff

India was the only large democracy which did not have a CDS. All the permanent members of the United Nations Security Council (UNSC) has a single-point military advisor.

Dec 24, 2019

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Google co-founders step aside as Sundar Pichai takes helm of parent Alphabet

Alphabet, which owns more than a dozen companies including self-driving car technology business Waymo and health care software company Verily, emerged in 2015 as part of a restructuring of Google.

Dec 4, 2019

Ola aims to shed 5-8% of staff ahead of IPO

The move is seen as part of the mobility platform's aim to turn profitable and go public in the next 18-24 months.

Nov 29, 2019

Cognizant layoffs: IT major to cut 7,000 mid-senior level jobs in restructuring push

The restructuring is part of the '2020 Fit for Growth Plan' that involves investment in technology, sales and marketing, reskilling, acquisitions, and partnerships to sharpen strategic positioning in key digital areas.

Oct 31, 2019

Amazon's consumer business fully sheds Oracle, moves on AWS

AWS CEO Andy Jassy in November said that Amazon will take off all its workloads from Oracle databases by the end of 2019 and put those on its own database offerings.

Oct 17, 2019

MCU boss Kevin Feige becomes Marvel's Chief Creative Officer;New responsibilities & duties explained

Marvel Studios President Kevin Feige is now also Marvel Entertainment's chief creative officer but what does this mean for the MCU and othe Marvel projects?

Oct 16, 2019

Oyo raises $1.5 billion in fresh round of funding, to target US market

The funds will be used to expand Oyo's business in the United States, its fastest-growing market and strengthen its vacation rentals business in Europe.

Oct 8, 2019

Major corporate lay-off: After Cognizant, HP India to fire 500 people in India

HP will fire 7,000-9,000 employees globally by 2022 as part of a restructuring of operations intended to cut costs

Oct 7, 2019

FM Sitharaman announces steps to boost liquidity, demand

FM Sitharaman's liquidity drive gives the economy a booster shot of demand rise

Credit fairs by public sector banks will bring early festival cheer to consumers as corporate tax bonanza will put on steroids PM Modi's FDI push after Howdy Modi.

Sep 20, 2019

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