Restructuring

The restructuring is expected to contribute an estimated Euro 180 million toward Tata Steel Nederland's targetted cost savings of Euro 500 million by FY26.

Ice cream maker Vadilal's shares surge 13% as promoter family settles tussle, recasts board to separate ownership

The fourth generation of the promoters of Vadilal, the Gandhi family, have 'harboured diverse interests' and different ambitions, the company had said in a statement, implying varying perception of the 'strategic direction' of the group.

Ola Electric undertakes internal restructuring, cuts around 1,000 jobs

This move comes after a similar downsizing in November 2024, which affected at least 500 employees.

Top-level rejig at Navi: Sachin Bansal to be executive chairman, appoints new CEOs

Rajiv Naresh will be the CEO of Navi Technologies while Abhishek Dwivedi will be CEO of Navi Finserv Limited

Siemens demerger could create more room for value unlocking despite high valuation

Siemens strategic shift with demerger of the energy business into a new entity aims to create two robust, independent listed entities with more focused business strategies.

Multi-billion-dollar Godrej family settlement won't attract tax: Sources

The group has opted for the 'family arrangement' route under tax law, which is exempt from capital gains tax

Demerger will begin after government divests stake: Hindustan Zinc CEO

Moneycontrol had reported last year that the government will dilute about 3.5 percent out of the total 29.5 percent stake via offer for sale (OFS) route

Tata Steel see clear skies for Europe operations in coming years post restructuring, says CEO

Tata Steel CEO said the Netherlands unit is expected to see positive growth next year, while the company's UK operations will see an improvement in operational performance once restructuring measures are complete

Citigroup cuts over 300 senior manager roles in latest restructuring

The workforce reductions, which the bank has said may continue around the globe into next year

Hind Zinc to evaluate corporate restructuring; stock zooms 6%

Hindustan Zinc will also appoint external advisers to evaluate plans for a potential restructuring.

Evergrande signs restructuring agreement with major creditors

Creditors will receive a consent fee for 0.25% of outstanding principal of the respective debts if they agree to the proposal by 5 p.m. Hong Kong time on April 27, the firm added.

India seeking to restructure multilateral financial institutions like IMF, WB in its G-20 presidency: Kant

Kant said India's presidency will also look at pushing through a fund created within World Bank to tackle crises like the Covid pandemic to help the world.

Event management platform Hubilo lays off 35% of its workforce

Hubilo will now be focussing more on physical events as the pandemic-led lockdowns and restrictions are removed. The firm had around 330 employees before the layoffs.

Disney warns restructuring could result in impairment charges

The changes follow Bob Iger's return as Disney's chief executive officer.

Distressed healthcare startup MFine merges with LifeCell International's diagnostics arm

LifeCell’s diagnostics business and MFine will have a combined user base of more than six million. MFine, as a brand, will continue to exist as the consumer-facing platform, under the new entity LifeWell

Prosus-backed Good Glamm Group restructures business; to expand global ops

The consolidation will help the company to focus on structural synergies and will also drive 'cross-division revenue synergies,' The Good Glamm Group said. The consolidation is a move towards integrating its 11 acquisitions, the company said.

SoftBank-backed Unacademy lays off another 150 employees

Earlier this year, Unacademy had laid off around 600 employees, or 10 percent, of its workforce, to reduce cash burn

Deloitte denies media reports on restructuring plans

The news of the split, reported by the Wall Street Journal earlier in the day, came a few weeks after another Big Four accounting firm Ernst & Young said it was evaluating strategic options to improve audit quality.

Covid fight: Banks’ total restructuring pool surpasses Rs 1.5 lakh crore

RBI had allowed banks to restructure loans under two frameworks due to the impact of severe Covid-19 waves.

Storyboard | Leadership changes at Dentsu linked to its ‘transformation’

Globally, the Japanese ad holding company Dentsu is gearing up to compete with the likes of Accenture Interactive, say industry insiders.

Why the MSME subordinate debt scheme got a lukewarm response

There are few takers for the scheme, which has been extended to the end of this financial year, because many stressed small businesses are unable to fulfil the required conditions.

Union Bank of India restructures loans worth Rs 15,927 crore under two recast schemes, majority in retail

Of the total slippages in the April-June quarter, close to 45 percent came from the MSME sector, said the bank’s MD & CEO Rajkiran Rai G.

Ideas For Profit | IndusInd Bank

IndusInd has so far has negotiated the second wave of the Covid pandemic impressively. Armed with capital, excess provision and a high quality balance sheet, growth revival will only be a matter of time. With an undemanding valuation, we see more re-rating ahead. Here’s why

Manappuram Finance auctions Rs 404 crore worth gold in Jan-March quarter

This marked a massive jump in auctions compared with just Rs eight crore in the nine months to December 2020

What can undermine Wipro's plan to catch up with its peers?

Wipro faces near term cost pressures from wage hikes and investments, which can impact profit margins in FY22