Restructuring

Suzlon to merge wholly-owned subsidiaries, spin off projects business

Suzlon to merge wholly-owned subsidiaries, spin off projects business

06 May 2024

The board of directors of wind power pioneer Suzlon Energy Ltd has approved a scheme of amalgamation under which the company will merge its wholly-owned subsidiaries, Suzlon Global Services and Suzlon Energy Ltd, Mauritius, with itself.

Godrej family announces formation of 2 groups

Godrej family announces formation of 2 groups

02 May 2024

The 127-year-old diversified Godrej Group on Wednesday announced a formal division into two separate groups – one controlled by brothers Adi Godjej and Nadir and the other by their cousins Jamshyd Godrej and Smita Godrej.

Warner Bros. Discovery CEO explores potential deal with Paramount Global

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

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.

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

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

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

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.

Citigroup CFO reveals $1 billion cost for massive restructuring

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

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

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

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

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

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.

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

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

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

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