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3 mins read
Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention
The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…
1 min read
Citigroup to cut 20,000 jobs in big corporate overhaul
Global banking major Citigroup will reduce 10 per cent of its workforce, or about 20,000 employees,…
6 mins read
What’s with all “Unbossing” talks? Are Indian companies also embracing this global trend?
The corporate trend of 'Unbossing' is gaining traction globally, including in India. Major companie…
1 min read
Hindustan Zinc proposes to create separate entities as part of restructuring
The Board of Directors of Hindustan Zinc have decided that considering the scale, nature, and poten…
1 min read
Citi to cut about 20,000 jobs as it doubles down on its corporate overhaul
Citi will cut about 20,000 jobs over then next three years as part of restructuring plans. The acti…
Jordan Hart
4 mins read
Former EY partner shares how he climbed the corporate ladder to walk away from it all and become a math teacher
A partner at EY career swapped in his 50s retraining to become a math teacher. He said he doesn't m…
MaryLou Costa
2 mins read
Amazon India lays off 400-500 employees as part of global restructuring
Amazon India has laid off up to 500 employees from Amazon Web Services (AWS) and the HR and support…
2 mins read
China's government is stepping in to help Evergrande deal with its debt, as it has with previous large-scale corporate clean-ups
This comes after Evergrande said in filing to the Hong Kong Stock Exchange there was "no guarantee"…
Huileng Tan
2 mins read
Corporate restructuring needs could surpass 2008 levels amid a surge in junk debt, BlackRock says
Sub-investment grade debt outstanding has more than doubled to $5.3 trillion since 2007, more recen…
Ben Winck
2 mins read
Country Garden, one of China's real-estate behemoths, could look at restructuring its debt after missing key interest payments this week: JPMorgan
Country Garden issued a profit warning on Thursday that is likely a "prelude to an ultimate credit …
Huileng Tan
1 min read
Whole Foods plans layoffs as part of reorganization involving merchandising, operations, HR, and tech teams
The company said it expects layoffs to impact a small percentage of employees and won't involve cut…
Tyler Sonnemaker
1 min read
Carvana plunges 45% as major creditors reportedly form pact to cooperate on restructuring
Carvana's corporate debt issue maturing in 2029 is trading at just 32 cents, distressed levels that…
Matthew Fox
3 mins read
Rolex Rings’ IPO to help company focus on growth and come out of corporate debt restructuring
Automotive components manufacturer Rolex Rings’ initial public offering (IPO) has opened and the co…
1 min read
Thomas Cook India completes corporate restructuring
New Delhi, Nov 25 () Travel services firm Thomas Cook India on Monday said its corporate restructur…
PTI
2 mins read
Elon Musk celebrates the metaverse's decline as corporate hype and virtual-land prices deflate
Musk tweeted that "nature is healing" on reports that Disney has cut its metaverse division.
Filip De Mott
2 mins read
Wells Fargo's CEO is planning a major corporate restructure
And he has been busy in that regard, having had to grapple with negative attention from Rep. Katie …
Gregory Magana
2 mins read
Future Lifestyle Insolvency: RP receives claims of ₹2,155.53 cr from financial creditors
As per the provision of the Insolvency & Bankruptcy Code, a Committee of Creditors (CoC) of FLFL ha…
PTI
2 mins read
McDonald's is laying off hundreds of corporate employees and letting some stay with lower benefits, reports say
McDonald's will cut "less than 1,000" jobs, Restaurant Business reports. The fast-food giant's CEO …
Alex Bitter
2 mins read
SBI received restructuring requests for over ₹6,000 crore in October — expects that to more than double over the next three months
India’s largest lender is the first to reveal its restructuring numbers. At the end of October, it …
3 mins read
CEO David Solomon is restructuring Goldman Sachs again. Here's who wins — and who loses — from the leadership reshuffle.
Goldman Sachs's third restructuring in four years comes as insiders have been questioning Solomon's…