The Indian Railways will undergo structural changes in the coming months, with the Railway Minister Suresh Prabhu on Thursday spelling out a seven-pronged strategy, including an equal number of missions. The entire exercise has been named Navarambh, or a new beginning.Read our full coverage on Union Budget 2016 Read more from our…
King & Wood Mallesons partner and lawyer of the year David Friedlander. Ryan Stuart These are the Lawyers of the Year for 2017 across all major practice areas, from corporate, tax and banking to construction, disputes and employment. A total of 2870 lawyers from more than 280 law firms nationwide can boast of their place…
Electronic equipment manufacturing behemoth Sony Corporation (SNE – Analyst Report) announced a string of small-scale internal restructuring actions, in a bid to achieve a leaner operating structure for accelerating future growth. Despite the companys earnest efforts, investors were unmoved as the share price fell 3.6% to close at $21.51 during the regular trading session on…
Standard Chartered Bank reported its first annual loss in 26 years on Tuesday, weighed down by heavy restructuring costs and a global slowdown, and warned of a subdued year ahead and the necessity of more painful action to restore growth. The bank lost US$1.5 billion in 2015 after costs of US$1.8 billion to cover restructuring…
ST. PAUL, Minn.–(BUSINESS WIRE)–Ecolab Inc. (NYSE:ECL): FOURTH QUARTER HIGHLIGHTS: Diluted EPS $0.69; includes a deconsolidation charge for the Venezuelan business, restructuring and other charges Adjusted EPS $1.22, +2%, excluding special gains and charges and discrete tax items, as raw material and other cost savings, synergies, and a lower tax rate and shares more than offset…
Lexmark International Inc. narrowed its loss in the final quarter of the year and earnings beat expectations, though revenue fell worse-than-expected as enterprise software growth and margin expansion were offset by the stronger dollar and the company’s exit from its inkjet printing business. Lexmark also announced a restructuring program targeting increased profitability and operations in…
Restructuring is another name of power consolidation. For Chairman Xi Jinping, the Year of the Ram is one of good harvest. The telecommunication industry is most telling. This is a sector which has long rumoured to be the turf of his rivals. In June 2014, under order of the central government, the countrys three telcom…
BRISBANE, Calif.–(BUSINESS WIRE)–bebe stores, inc. (NASDAQ:BEBE) today announced that Manny Mashouf has rejoined bebes management team as Chief Executive Officer and that Walter Parks has rejoined as President, Chief Operating Officer and Interim-Chief Financial Officer. Former Chief Executive Officer and Board Member Jim Wiggett and former Chief Financial Officer Liyuan Woo are no longer with…
Foreign shareholders in the National Stock Exchange of India (NSE) wrote to the chairman and CEO of the exchange recently, pointing out that the minutes of the September and December meeting of the shareholders fail to mention the discussion on restructuring, and demanding that the minutes be amended. The letter has…
The closure will result in $363 million in one-time impairment and restructuring charges that will be reflected in SunEdison’s fourth-quarter results, and about $10 million to $13 million in restructuring charges expected to be reported in fiscal 2016. SunEdison said it also will halt high-volume production of silicon crystal ingot at its Portland, Oregon, facility.…