Restructuring

Warner Bros. Discovery CEO explores potential deal with Paramount Global

21 Dec 2023

In a strategic move within the entertainment industry, Warner Bros. Discovery CEO David Zaslav recently engaged in talks with Paramount Global CEO Bob Bakish.

JPMorgan Chase plans to outsource local custody business in Hong Kong and Taiwan

12 Dec 2023

JPMorgan Chase, the world’s third-largest global custodian, is set to outsource the operations of its local custody business in Hong Kong and Taiwan.

Cognizant to sell office assets in Bengaluru, Hyderabad for operational optimization

12 Dec 2023

In a strategic move towards becoming asset-light, software services giant Cognizant Technologies is set to sell its office assets in Bengaluru and Hyderabad.

Citigroup CFO reveals $1 billion cost for massive restructuring

07 Dec 2023

Mark Mason, Chief Financial Officer of Citigroup, disclosed that the bank’s extensive restructuring is expected to incur charges of approximately $1 billion for restructuring and severance.

Alipay exits India: Chinese payment giant to sell Zomato stake for nearly $400 million

29 Nov 2023

Alipay, the Chinese payments group, is set to divest its 3.4% stake in the Indian food delivery powerhouse Zomato for an estimated sum of almost $400 million.

Tech giant Apple set to break ties with Goldman Sachs for credit card business

29 Nov 2023

Apple has decided to terminate its credit card partnership with banking giant Goldman Sachs. Apple had sent a proposal to the Wall Street Bank to end the contract in the next 12 to 15 months.

Glencore announces plans for construction of a battery recycling plant outside Italy

24 Nov 2023

In a strategic move, Glencore, the Swiss mining group, revealed its decision to construct a pilot project for an electric vehicle (EV) battery recycling plant outside of Italy.

Barclays plans $1.25 billion in cost savings, considering layoffs for up to 2,000 jobs

24 Nov 2023

Barclays, one of the leading British banks, is reportedly exploring strategies to save as much as £1 billion, with the possibility of cutting up to 2,000 jobs, particularly in the bank's back-office operations.

Citigroup considers significant job cuts in its ongoing CEO-backed restructuring

07 Nov 2023

Citigroup's top management, working under CEO Jane Fraser's reorganization initiative, has reportedly contemplated job cuts of at least 10% in key business segments.

WeWork, formerly the most valuable US startup, declares bankruptcy under SoftBank ownership

07 Nov 2023

WeWork, the once high-flying office space provider backed by SoftBank Group, filed for bankruptcy protection on Monday, 6 November 2023.

L&T to set up five new companies

04 Jul 2007

Cadbury to sell beverages unit, slash jobs

By Our Corporate Bureau | 20 Jun 2007

Kinetic Engineering restructures business

05 Apr 2007

EADS consortium partners address concerns over Airbus' restructuring

By Our Corporate Bureau | 21 Feb 2007

French Premier says 10,000 job cuts planned at Airbus

By Our Corporate Bureau | 20 Feb 2007

Airbus restructuring hit by wrangling among European partners

By Our Corporate Bureau | 20 Feb 2007

BIFR to be dissolved shortly

By Our Corporate Bureau | 12 Dec 2003

Kopran may rope in strategic financial partner for recast plan

By Nisha Das | 24 Sep 2003

AMP Sanmar's Pension scheme Bhagya Shree yields 22%

By Venkatachari Jagannathan | 17 Jul 2003

AMP Sanmar declares bonus on various participating policies

By Our Banking Bureau | 15 Jul 2003

Indo Rama shareholders given redeemable preference option

By These shares of Rs 10 co | 21 Oct 2002

Bayer recasts activities, gets into OTC sector

By Mohini Bhatnagar | 20 Sep 2002

American Express cuts staff amid dismal outlook

20 Jul 2001

Massive restructuring at DaimlerChrysler

By After watching the group | 22 Feb 2001

Gillette restructures again to axe 2,700 jobs

26 Dec 2000

Featured articles

Lighter than air, yet very, very powerful

By Kiron Kasbekar | 03 Jan 2024

In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!

COP28 explained: A closer look at COP28's climate change solutions

By Aniket Gupta | 27 Dec 2023

The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.

What is a Ponzi scheme?

By Aniket Gupta | 06 Dec 2023

Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.

The Rise and Rise of HDFC Bank

03 Jul 2023

HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp

India’s Millet Revolution To Enrich Global Food Basket

02 Apr 2023

Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent 

Market predator Hindenburg preys on Adani stock

06 Mar 2023

Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation