'The fundamentals look strong, but we will have to see if they translate into actual demand.' 'Because the April-May marriage season didn't see much sales due to the lockdown.'
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
Observing that it is not yet clear to him what the government means by 'Atmanirbhar Bharat', Rajan said if it is about creating an environment for production, then it is a re-branding of the Make in India initiative.
Nearly 150 senior management staff will be asked to leave.
Isro says the controversial S-band spectrum deal is not the reason for the restructuring
He said the aim has been to create firewalls to deal with the cyber attacks and that the issue is being addressed in a "serious way".
Observing that the economic recovery was not yet fully entrenched, the RBI Governor said recovery is likely to be gradual.
'Entry and qualification must not be through concession and must be reserved for only those who meet the stringent standards of the institution'.
Since work was suspended at the plant, worker unions have been on a sit-in protest.
The protests brought home the fact that the Sri Lankan public is in no mood for halfway measures, as voices against Rajapaksa 'family rule' and 'securitisation' of the civilian administration began sidestepping the more critical economic crisis, affecting the nation and afflicting the individual, observes Sri Lanka watcher N Sathiya Moorthy.
Flipkart, Jabong-Myntra and PhonePe will operate under this group structure and their CEOs will report to Binny
Even as Infosys posted healthy growth for October-December 2013 and raised its revenue forecast for FY14, S D Shibulal, the managing director and chief executive officer, says it's still work in progress.
Restructuring workforce seems to be another lesson taught by the economic slowdown as a large number of American companies are expecting to hire temporary workers as IT and professional staff in the near future, a survey has found.
The reshaping programme has been announced to combine and streamline group's three global research and development operations into one Unilever R&D organisation to improve efficiency, a company statement said.
Omid Kordestani, VP, global sales and business development, said Google has created overlapping organisations in some areas, which duplicate effort and complicate the 'decision-making process. That makes our teams less effective and efficient than they should be. In addition, we over-invested in some areas in preparation for the growth trends we were experiencing at the time,' he said. The affected employees would be given the opportunity to find another position in Google.
Repackage and reposition yourself in terms of skills and experience and make your CV appealing to a larger audience. Look beyond your last industry.
LIC, EPFO and PSBs are likely to be asked to subscribe to bonds.
The creation of a CDS has got the head right. Issues that were not talked about for years are now being discussed, points out Ajai Shukla.
Just as India's apparel exporters were beginning to return on the recovery path after a year marked by recession in the US and Europe, the recent bankruptcy filing by the New York-based CIT Group could hit the sector hard.
The board of directors has considered the proposal entailing the demerger of Indiabulls Securities on a going concern basis and plans to list the resulting entity after the demerger, Indiabulls Financial informed the Bombay Stock Exchange.
'We don't expect any immediate impact on salaried jobs.'
The Finance Ministry has given its consent to the EPFO to invest from 5 per cent to 15 per cent of the investable income of the organisation every year.
The shift toward a staunchly secular identity will help Congress to rebuild its trust and confidence with the minority communities, especially Muslim voters. Arguably, this is where the Congress' future also lies in national politics, observes M K Bhadrakumar.
Lt Gen Naravane is currently serving as Vice Chief of the Army. In his 37 years of service, Lt Gen Naravane has served in numerous command and staff appointments in peace, field and highly active counter-insurgency environments in Jammu and Kashmir and the Northeast.
Indiabulls Financial Services Ltd said on Friday it will seek shareholders approval for restructuring and re-organisation the company's businesses through the demerger of its real estate business into Indiabulls Real Estate Ltd. \n
he government is examining a plan of bank recapitalisation and considering an urban version of MNREGS.
NITI Aayog spent a considerable time on restructuring the setup.
BSNL Chairman and Managing Director P K Purwar told PTI that the scheme will be open between November 4 and December 3, and that instructions have already been given to field units to inform employees about the VRS offering.
'She was the unanimous choice of the search-cum-selection committee.'
'Instead of doing reforms and restructuring, the present government is busy with the perception that everything is fine and the economy is hunky-dory.' 'Such hollow perceptions are very dangerous for the Indian economy in the long run.' 'The real risk to India is the lack of decent employment opportunities for youth in general and educated youth in particular.'
'It has done a disservice to the cause of Muslims... Modi also spoke of Muslims progressing with the Quran in one hand and a computer in the other, which I think is welcome... I wish he had spoken his mind on the issue of communal discord much earlier and shown swiftness in nipping it in the bud,' says former AAP leader Shazia Ilmi.
Sepp Blatter may seek to stay on as the president of FIFA, a Swiss newspaper quoted an anonymous source close to Blatter as saying on Sunday.
The ministry said "local designations" assigned to both service and civilian officers in Service Headquarters/ Inter Service Organisations is also withdrawn.
For the past 10 years or more, the RBI has been turning down dozens of applications under the RTI Act that sought disclosing the list of wilful defaulters and the RBI's inspection reports. In fact, it is the only organisation that has a granular and complete view of the heist that has been going on for 25 years at least. But it has escaped any blame for the multiple rounds of bankruptcy and massive periodic recapitalisation of public sector banks caused by bad loans. In fact, they don't want anyone to know how incompetent and collusive they have been in handling bad loans, says Debashis Basu.
With the new government remaining committed to restructure airports, the Canadian companies are eyeing projects worth over Rs 5400 crore (Rs 54 billion) to make world-class airports in the country.
'Why should they say that their doors are open? Are we beggars? My doors are open for them,' a defiant Mamata said.
Mallya, whose Kingfisher Airlines owes money to several banks, had on Thursday said he will challenge UBI's decision to declare him a willful defaulter.
It plans to lower employment costs with the estimated reduction in employee numbers, about two-thirds of which are expected to be office-based white-collar roles - a majority expected at its Netherlands unit.
