Kolkata, May 18 (IANS): Power utility CESC Ltd, a flagship company of RP-Sanjiv Goenka Group, on Thursday announced a business restructuring scheme based on demerger of certain existing businesses. “This (the restructuring scheme) will lead to four entities focusing on generation, distribution, organised retail and other ventures,” Group Chairman Sanjiv Goenka said. All four entities will…
CESC Ltd, the Rs 32,000 crore RP Sanjiv Goenka group flagship company may consider business restructuring plan at tomorrow’s board meet. CESC sources last month had indicated that a business restructuring plan might be taken up to unlock value. A consultant had already submitted to the company its recommmendations on a business plan. An exercise…
May 18th, 2017 CanIndia New Wire Service 0 comments 2 Kolkata, May 18 (IANS) Power utility CESC Ltd announced a business restructuring scheme which is based on demerger of certain existing businesses, groups Chairman Sanjiv Goenka said on Thursday. This (the restructuring scheme) will lead to four entities focusing on generation, distribution, organised retail and…
Power utility CESC Ltd announced a business restructuring scheme which is based on demerger of certain existing businesses, group’s Chairman Sanjiv Goenka said on Thursday. “This (the restructuring scheme) will lead to four entities focusing on generation, distribution, organised retail and other ventures,” he said. All four entities will be listed with stock…
Lenovo, the largest PC maker in the world by shipments, announced plans to restructure its business in China in a move to turn around weak sales across its major product lines. Chairman Yang Yuanqing said in a Weibo post its China business will be reorganisd into two divisions a consumer focused PC and smart devices…
BEIJING – While the Chinese economy returned to a stabilizing trend in April after a stronger-than-expected first quarter, the traction behind its firm steps is somehow different from what it used to be. Though the official April economic indicators were basically flat or even softened slightly from the March level, strides are being made on…
BENGALURU | MUMBAI: In its first major restructuring exercise in close to a decade, India’s largest IT services company Tata Consultancy Services (TCS) has reorganised its service lines and put them under a new president, Krishnan Ramanujam. The company has also reshuffled business heads, as it looks at growing its digital offerings. Ramanujam, to whom…
TORONTO, May 16, 2017 (GLOBE NEWSWIRE) — SMTC Corporation (Nasdaq:SMTX), a global electronics manufacturing services provider, today announced the following: Q1 results including revenue of $33.2 million, gross profit of $3.6 million, a net loss of $0.4 million and adjusted EBITDA of $(0.3) million Ed Smith appointed as permanent President and Chief…
The restructuring is an important step forward in rue21’s ongoing business transformation into a more focused and highly performing retailer. Last month, the Company began the process of closing approximately 400 underperforming stores in its 1,179 store fleet in order to streamline operations, better align the size of its footprint with market realities, and focus…
Componenta Corporation Stock Exchange Release on 16 May 2017 at 8.00 Comparable net sales corresponding to current continued business operations increased 9% to EUR 46.3 (42.6) million and comparable adjusted EBITDA increased from the previous year to EUR 1.9 (-1.1) million. The information presented in this business review relates to the continued operations of Componenta…