'ISRO facilities are very expensive and any damage caused by these start-ups can create havoc to our space programme.'
'It seems PM Modi is running a bank fraudsters settlement company for the likes of Nirav Modi'
The restructuring move by Dubai World is likely to ease investor sentiment globally. Markets across the world went into a tailspin following the November 25 announcement by Dubai.
The world press seems to be suffering withdrawal symptoms due to the recent absence / paucity of strong negative financial news. What else would explain the panicky histrionics following Dubai's announcement that it is seeking to restructure payment on $59 billion in debt?
According to top sources in the airline, about half the employees will shift to these JVs, which will be clearly focused on the areas of operation and will have to make money.
eBay says it has cut jobs at its centre in Bengaluru in favour of shifting them to other locations around the world.
Aditya Birla group flagship firm Hindalco Industries has decided to trim its overseas operations and is restructuring its capital expenditure in India in an effort to stabilise operations. As part of this overall plan, Novelis, which Hindalco acquired for $6 billion in 2007, is closing its sheet mill at Rogerstone in the UK, involving 440 job losses.
There was no relief for existing home buyers who are stuck in stalled projects and are paying both rent and EMI on their home loans.
According to The Australian, about 200 employees of Crazy John's will face redundancy as part of its restructuring programme in the first half of 2010, when over 150 jobs will be shifted to Mumbai.
The company faced severe demand contraction in its principal market segments due to the global financial crisis. Trevira manufactures high-value branded polyester fibers and filament yarns for the automotive industries, home textiles as well as for technical applications.
The airline had raised Rs 700 crore from the debt market through a non-convertible debenture issue and the same was up for interest payment or redemption on Thursday.
Dell's acquisition of Perot System for $3.9 billion is being seen by most analysts as a strategic call. This will give Dell an enlarged footprint. Both the companies will get a chance to diversify. Of course, it will make Dell a service powerhouse -- globally and in the country too.
Having spent the first 90 days meeting employees and key clients, Jeya Kumar, new CEO of Patni Computer Systems, is clearly in control. While he acknowledges concerns due to the current slowdown, he has started restructuring the company. He details the growth plans in a chat with Business Standard's Shivani Shinde.
Kolkata-based LSI Financial Services has obtained Securities and Exchange Board of India (Sebi) licence for merchant banking operations.
You can reduce your tax burden by wisely using partially taxable allowances, suggests Bindisha Sarang.
The move comes when Kingfisher remains the only listed airline in India to have made losses in the third quarter of the current financial year.
A two-day board meeting of Maytas Infrastructure's six-member new board, which comprises four government-nominees, is likely to divest some projects nearing completion in a bid to raise funds to complete other assignments.
China and India have become the two strongest driving forces for the world's economic growth.
These top level changes have come soon after Flipkart co-founder and Group CEO Binny Bansal resigned over allegations of serious personal misconduct in November.
'She was the unanimous choice of the search-cum-selection committee.'
With projects worth Rs 1,28,000-cr, the group hopes to become one of the country's biggest industrial houses.
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 parade of some of the most interesting first-quarter corporate performances continues
The Chennai-based retail chain ran out of money several months earlier and has suspended operations since then. Subhiksha's founder-promoter, R Subramanian, said he was optimistic of a settlement and early resumption of operations.
Board for Reconstruction of Public Enterprises has given its approval for the sale of Tide Water Oil and two other associate companies of Andrew Yule and Company to raise funds for restructuring of the parent.
The head of GM's European operations Nick Reilly assured on Thursday state premier of Thuringia in eastern Germany Christine Lieberknecht that Opel's Eisenach plant in the state will remain open.
'Most investors are still waiting for the winners to correct.'
UK daily Financial Times, quoting people close to the development, said, "Citigroup is to revamp its board with the departure of long-standing members Kenneth Derr and Franklin Thomas following criticism of its ability to supervise the troubled company's executives and strategy".
TCS is setting up a large BPO operation in Varanasi next year, some staff could be absorbed there
Though Indian banks don't have large exposure to subprime mortgages, analysts are worried at the rise in their restructured loan portfolios and deterioration in credit quality.
Pratt, who joined the firm in 2004, has left the company to start his own entrepreneurial venture.
Banks have Rs 10 trillion in stressed assets - Rs 7.8 trillion of bad loans and Rs 2.2 trillion of restructured ones.
By splitting its business into separate verticals with dedicated portfolio heads, CavinKare looks to improve distribution and facilitate more launches in the future
Sun Pharma's market capitalisation stood at Rs 100,050 crore on December 5, with its share price closing at Rs 417 a piece - lowest since March 2013.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances