Among other demands, developers also want a one-time roll over or restructuring of loans taken by developers
Tata Steel is trying once again to put its European business back on the rails
The bank is likely to announce the details by July 08 but a final decision is yet to be taken.
For a sustainable turnaround, not only is fresh capital needed, but also fresh thinking
A fresh equity injection and restructuring of debt is a necessary condition for Jet to continue flying. But it is not sufficient.
Domestic tea portfolio grew by 9 percent in volume terms but on account of competitive intensity value grew by 7 percent only. However, sequentially, there was a marginal market share gain in value terms. Noteworthy category was Green tea, wherein 14 percent volume growth helped in market share gain.
One year since the change of guards at Bombay House, the street is abuzz with rumors of restructuring and pulling up of underperformers in the group. Some of it is beginning to take shape.
The total debt of the company to be restructured is tentatively at about Rs 3,000 crore.
CNBC-TV18 learns from sources privy to the matter that the company will now completely shift its focus on chemicals and consumer products business.
Tata Motors, largest manufacturer in the Indian automotive industry, is planning a big organisational restructuring, according to sources. The company will launch VRS scheme for those employees who wouldn't be absorbed in the new management.
Company plans to demerge chemicals business into a separate entity; standalone specialty chemicals business valued at Rs 5,000 crore.
The Group in its Board Meeting last week is said to have decided to undertake restructuring. The group is reportedly planning to merge three firms and aims to cut debt by Rs 10,000 crore.
"S&P Global Ratings today lowered its long-term foreign currency issuer credit rating on IDBI Bank to 'BB' from 'BB+' because we expect the bank's asset quality to remain very weak over the next 12 months," said S&P Global Ratings credit analyst Nikita Anand in a note.
As part of restructuring of operations to increase efficiency, Tata Motors is likely to redesignate about 1,000 executives, people privy to the developments at the carmaker told CNBC-TV18.
Power utility company CESC is going to embark on a mega restructuring plan which is going to be aimed at value unlocking in profitable power distribution business, say sources.
EU anti-trust regulators today cleared the French government's massive restructuring of troubled state-owned nuclear reactor builder Areva.
The investors has made a significant investment in the group, said John Flintham, Vice Chairman of Amtek Auto. The company did not disclose name of the investor.
A total of 640 jobs will be lost in France, mostly affecting operations in Suresnes, near Paris, where a research facility will close.
The popular but money-losing micro-blogging service spent aggressively on product development and marketing in recent years, betting that it could afford to post losses as long as it attracted new users.
The company, which reported a turnover of Rs 1,200 crore in the previous fiscal, is expecting to close the current year at Rs 1,440 crore.
The company's board meeting will be held on October 06, 2016, to consider the recommendations of committee of directors regarding proposals of restructuring including divestment of one or more units and review the progress made in the reduction of company‘s debt.
The Frankfurt-based firm added that the USD 1.23-billion plan, still to be agreed at a supervisory board meeting on Friday, would see it report a loss in the third quarter as it writes down the value of goodwill and other intangible assets.
The pace of fixed-asset investment slipped to 8.1 percent in January-July from 9 percent in the January-June period. Analysts had expected it to rise 8.8 percent.
The boards of Grasim and conglomerate AB Nuvo will meet today to approve and declare their quarterly results where they are likely to consider a restructuring for the two companies.