Build trust in face of lay-offs Communicating with employees is the key to easing pain as downsizing cycle sweeps IT.
Banks' gross non-performing assets (NPAs) and net NPAs are expected to rise to 10.1-10.6 per cent and 3.1-3.2 per cent, respectively by March 2021, Icra said on Monday. The agency also expects net NPA to decline to 2.4-2.6 per cent by March 2022. "As moratorium on loan repayments is over and though we await the Honourable Supreme Court directive on asset classification, the GNPAs and NNPAs for banks are likely to rise in near term to 10.1-10.6 per cent and 3.1-3.2 per cent, respectively by March 2021 from 7.9 per cent and 2.2 per cent, respectively as of September 2020," the rating agency said in a report.
Firm attributes move to pandemic and legal spat with Fiat Chrysler, says it is in line with group's strategy to re-think capital allocation and drive efficiency.
Adobe, the maker of Photoshop, Flash and Acrobat has an employee strength of more than 7,000.
Global telecom equipment maker Alcatel Lucent (ALU) on Thursday said it will reduce headcount by 5,000 globally and exit or restructure non-profitable markets to save Euro 1.25 billion by the end of 2013.
Tuition classes: Saviours or demons, asks Ajit Balakrishnan.
'Even though I had forgotten about the people who had helped me during our difficult times, my wife remembered and reminded me to repay their dues during my good days,' says R K Chand.
Public sector lender Bank of India has moved to the National Company Law Tribunal (NCLT) seeking initiation of insolvency proceedings against Future Retail Ltd and a moratorium over the assets of the Kishore Biyani-led debt-ridden firm. Besides, Bank of India (BOI), the lead banker of a consortium of banks that lent money to Future Retail Ltd (FRL), also suggested the insolvency tribunal appoint Vijay Kumar V Iyer as the interim professional of the company. Meanwhile FRL, in a regulatory filing, said it has been served and received a copy of the petition and is in the "process of taking legal advice".
Indrani was spiritedly telegraphing details of the jewellery from the back of the court...
Repackage and reposition yourself in terms of skills and experience and make your CV appealing to a larger audience. Look beyond your last industry.
Earlier in May, Ford India announced that it had dropped its plans to make electric vehicles (EVs) in India, which it intended to export, under the production-linked incentive scheme (PLI). Ford was among 20 companies that had signed a Champion OEM Incentive Scheme under the PLI project with the government in February this year. The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat. In September last year, the company had announced that it would exit the India market, which it had entered in 1995 through an on-again, off-again joint venture with Mahindra & Mahindra (they split in 1998, signed a JV in 2019 and split again in December 2020), retailing petrol and diesel brands such as the EcoSport, Figo, Aspire, and Endeavour.
Officials of United States financial giant Bank of America Corp have discussed slashing about 40,000 jobs under the first phase of a proposed restructuring exercise, according to a media report on Friday.
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.
Nikunj Saraf, Vice President Choice Wealth, answers your mutual fund queries.
RCB appoints Hesson as director of cricket operations, Katich named head coach
RBL Bank is no Yes Bank. It's not fraught with fraud. It's a story of limitless ambition and greed for growth under a leader who doesn't want to give up, says Tamal Bandyopadhyay.
A lot depends on how Srei shapes up under the new administrator and his team, which is critical for investors' interest.
Former Test opener Langer urged the board and the players union to thrash out their differences behind "closed doors".
Business failures rise when growth declines. When Indian growth slowed in the last decade, defaults increased. This is the normal working of the market economy, points out Ajay Shah.
Many in the US establishment must hope that the crisis would put the brakes on China's growing military might. Well, it ain't gonna happen, says T T Ram Mohan, who was appointed a member of the prime minister's economic advisory council on Wednesday, October 28, 2021.
'We don't expect any immediate impact on salaried jobs.'
'We tightened our risk frameworks once the Covid crisis started.' 'We are slowly lightening this as we see economic activity pick up, salaries getting restored, and people getting back into jobs.'
The Sports Authority of India (SAI) will be renamed and restructured to make it more "lean and professional" with the government aiming to bring down its strength by 50 per cent by 2022, Sports Minister Rajyavardhan Singh Rathore said on Friday.
While Eddings cast Roberts's departure as a mutual decision, he also said CA wanted a "new leadership style" and the permanent successor would need strong communication skills.
The government on Thursday said it has extended the Emergency Credit Line Guarantee Scheme (ECLGS) to the health sector and 26 other sectors identified by the Kamath Committee. The National Credit Guarantee Trustee Company Limited (NCGTC) has issued the operational guidelines for implementation of ECLGS 2.0 scheme, the finance ministry said in a statement. The scheme was announced by the government earlier this month as part of the Rs 2.65 lakh crore Atmanirbhar Bharat 3.0 package.
Embattled retailer Future Retail Ltd (FRL) on Tuesday moved the Supreme Court to avert insolvency proceedings over missing a loan repayment deadline, even as its independent directors rejected an Amazon-supported offer to sell the company businesses at less than a third of what Mukesh Ambani's Reliance is offering. India's second-largest retailer, which operates multi-brand retail chains such as Big Bazaar, Easyday and Heritage, failed to pay Rs 3,494.56 crore to lenders by the due date of December-end and sought a 30-day grace period to resolve the situation. Unable to find money, it moved the apex court seeking to restrain its lenders from declaring the company a defaulter, which can invite initiation of insolvency proceedings.
Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
In a bid to restructure its top hierarchy, Air India plans to hire some senior executives, including a Chief Strategy Officer and a Chief Operating Officer for its low-cost international arm Air India Express, airline sources said on Tuesday.
Will MBA hybrid model be the focus for B-schools? Should B-schools focus on long distance programmes?
The Premier League, English Football League, Women's Super League and men and women's FA Cup competitions were suspended on Friday following an emergency meeting sparked by Arsenal boss Mikel Arteta testing positive for the virus a day earlier.
Seeking to provide a quicker and value-maximising outcome for stressed MSMEs, the government has introduced a pre-packaged resolution process for such enterprises by amending the insolvency law. Now, Micro, Small and Medium Enterprises (MSMEs) can seek resolution for their stress through the pre-packaged process under the Insolvency and Bankruptcy Code (IBC). An ordinance was promulgated to amend the IBC on April 4. Many MSMEs have been impacted by the coronavirus pandemic and experts opined that the latest amendment, which comes less than two weeks after the suspension of certain IBC provisions ended, is a welcome move.
Cricket Australia (CA) announced Kevin Roberts' resignation with immediate effect on Tuesday, following months of criticism over his stewardship during the COVID-19 shutdown.
Mere shuffling of resources or cosmetic changes to prove a point would be counterproductive in the long run, observes Commodore Venugoptal Menon (retd).
Asked about the organisational changes made by Gandhi and the subsequent reported statements by some leaders who had written to her over party reforms, Congress' chief spokesperson Randeep Surjewala said he had not seen a single statement by any Congress leader on the issue and cannot comment on that.
Tips to take control of the helpless situation.
DDinesh Kumar Khara is someone who cares for others's ideas and suggestions.
If he takes the people along with him (which he always does); cares for the customers (80 per cent of SBI's new customers are in the 20-40 age group); and doesn't take his eyes off technology, his job is done, says Tamal Bandyopadhyay.
Smith, who is back in action after serving a one-year ban for his role in the ball-tampering scandal, has been made the leader of the team once again. The announcement was made ahead of Royals' clash against Mumbai Indians in Jaipur.
'There is a law that prevents the government from diluting its equity in the PSBs below 50 per cent.' 'That law has to be amended and given the parliamentary arithmetic of the political parties, it is not as simple to do that.'
The tearing hurry to form theatre commands has to be replaced by a balanced and deliberate approach. We need to accept that this process will take time if executed correctly and in the best interests of the Indian armed forces, argues Commodore Venugopal Menon (retd).
Some of external candidates being considered for the post of CEO include Bhaskar Ghosh of Accenture, Ritesh Idnani of Tech Mahindra, Ravi Kumar S of Infosys, and Nitin Rakesh of Mphasis, among others.
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