Restructuring

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

07 Nov 2023

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

04 Jul 2007

By Our Corporate Bureau | 20 Jun 2007

05 Apr 2007

By Our Corporate Bureau | 21 Feb 2007

By Our Corporate Bureau | 20 Feb 2007

By Our Corporate Bureau | 20 Feb 2007

By Our Corporate Bureau | 12 Dec 2003

By Nisha Das | 24 Sep 2003

By Venkatachari Jagannathan | 17 Jul 2003

By Our Banking Bureau | 15 Jul 2003