Restructure

This comes after a year of aggressive hiring by startups and high employee costs as tech salaries skyrocketed in 2021. Startups led the tech hiring and talent war in a year that saw immense investor interest and multiple rounds of fundraises by these companies.

TCS targets $50 billion in revenue by 2030: Network18 Exclusive with MD & CEO Rajesh Gopinathan

What could TCS of the future look like? MD & CEO Rajesh Gopinathan reveals.

Sugar prices likely to stay around current levels: ISMA

International raw sugar prices continued to firm up for the fifth day to USD 20.51 due to strong demand, lower sugar output and firm crude oil prices. The Indian sugar industry is also seeking to restructure the Rs 50,000 crore term loans and restore ethanol prices to last year's level.

IMF releases $102.1 million to Pakistan

"Significant challenges remain for Pakistan in the post-program period, and the authorities' commitment to continue implementing strong policies to reinforce macroeconomic stability gains and advance growth-supporting reforms is to be commended," said Mitsuhiro Furusawa, Deputy Managing Director and Acting Chair of IMF Executive Board.

Indiabulls Housing to restructure debt to lower borrowing rate

Indiabulls Housing Finance is planning to restructure its long-term loan portfolio to bring down the average cost of borrowing for the company by 30-40 basis points.

New norms a chance to pull banks out of logjam: Experts

While the new RBI norms will help restructure those assets which still can be saved, it will also bring pain for both lenders and promoters, says Kalpana Morpariya, MD & CEO of JP Morgan.

Bankruptcy Code will be a game-changer, workmen to benefit

This code takes the dues outstanding to workmen for two years dating back from the time insolvency proceedings are initiated against the defaulting company, says Lalit Kumar, Partner, JSA.

Tata Steel restructuring move +ve; not enough for upgrade: S&P

The restructuring will help strengthen financial ratios for the company, says Mehul Sukkawala of Standard & Poor‘s Ratings Service.

Jindal Saw to go for restructuring of firm, subsidiaries

In a BSE filing, the firm said its Board in a meeting today approved the constitution of a Reorganisation Committee to "explore and evaluate various options for restructuring of the company and its direct and indirect wholly owned subsidiaries".

Edelweiss ARC seeks to restructure Bharti Shipyard's debt

The company has a total debt of Rs 8,000 crore on its books

Jindal Stainless gets board nod to rejig biz; to list arm

Based on the recommendation of its audit committee, the composite scheme of arrangement amongst Jindal Stainless and its three wholly-owned subsidiaries has been approved by the company Board, it said in a BSE filing.

RBI nod to recast project loans will boost infra: Experts

Earlier, banks were allowed to restructure only those project loans sanctioned after July 15 this calendar

Winsome Diamonds unlikely to get restructured: Central Bank

In an interview to CNBC-TV18, RK Goyal, ED of Central Bank of India spoke about Winsome Diamonds account. Central Bank of India has classified both the accounts of Winsome Diamonds as non-performing assets (NPAs).

Britannia restructures operations to boost growth

As part of the changes announced today, the company's India operations will be led by Varun Berry (Chief Operating Officer) who recently joined the firm, Britannia Industries said in a statement.

Panel formed to study applications for CIL restructuring

The Coal Ministry has formed a panel to examine the applications received for appointing consultants for the restructuring of Coal India.

Govt kick-starts process of CIL restructuring; invites bids

Kick-starting the process of restructuring Coal India Ltd, the government invited bids for appointment of advisors to restructure the nation's largest coal producer.

Royal Orchids to add 12 hotels annually; debt at Rs 154cr

Royal Orchid Hotels‘ board today gave the green signal for a debt restructuring for the company‘s Rs 154 crore debt. The stock was up Rs 2.50, or 5.79% at Rs 45.70. It touched an intraday high of Rs 47.35.

Google warns of more cuts at Motorola

Google Inc said planned job cuts at its Motorola Mobility mobile phone unit will cost about USD 340 million in severance and other costs in the third quarter and it warned of further restructuring that may result in "significant" charges.

PMO keen to restructure Coal India

The PMO is very keen to restructure the PSU giant Coal India. The PMO wants to list the south-eastern coalfields and Mahanadi coalfields, reports CNBC-TV18.

Power stocks rally on SEB bailout package plan

The Cabinet has cleared Rs 2 lakh crore proposal to restructure the debt of the state power boards.

Shoppers Stop targets HyperCity breakeven in 2 yrs

Department store operator Shoppers Stop now expects its food and grocery chain HyperCity will break-even at the EBTIDA (earnings before interest, taxes, depreciation and amortization) level in two years and likely post net profit a year after that.

HCC yet to decide on debt restructuring, lenders adamant

Even as lenders are certain that Hindustan Construction Company (HCC) will have no option but to restructure its debt, the company is yet to take a final call. The company and lenders failed to come to a conclusion at the meeting held today, reports CNBC-TV18 quoting sources.

Cabinet note soon on Air India rejig: Sources

Air India may soon get a fresh lease of life. The aviation ministry has begun work on preparing a cabinet note on the airline's restructuring and even as banks have agreed to broad terms of the restructuring package, reports CNBC-TV18's Mehak Kasbekar quoting sources.

Infosys to complete restructuring in 3-4 months: Sources

Infosys is likely to have finalised two European firms for acquisition, reports CNBC-TV18 quoting sources. It is learnt that the IT major will be pumping in USD 280-300 for the acquisition which is slated to complete before July.

Cement companies up price in Mumbai by about Rs 6

Cement manufacturers on Tuesday increased prices by an average Rs 6 per 50-kg bag in Mumbai, following a proposal in the budget to restructure the present excise duty, dealers and analysts said.