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FINANCIAL FLAB
Ashok Leyland targets ₹2,000 crore in savings with focus on leaner financial structure and profit growthAshok Leyland, India's second largest truck and bus manufacturer, is advancing in its cost optimisation journey, targeting over ₹2,000 cror...
Trump Inc. Musk CEO, Ramaswamy MD: DOGE, crafting a new oligarchic republicDonald Trump has appointed Elon Musk to lead a government cost-cutting initiative. Musk, along with Vivek Ramaswamy, will head the Departme...
Start work on project optimus governanceGovernment restructuring aims to leverage synergies, avoid hollowing out government capacity, and promote efficient implementation praxis f...
Destination wedding in India: Choosing destination, how much it costs, how to planFind out how to pick a destination and optimise your expenses for a unique wedding experience at beautiful locales.
PSBs looking at privatisation may come out with attractive voluntary retirement schemesFinance Minister Nirmala Sitharaman while unveiling Budget 2021-22 on February 1 had announced that the government proposed to take up the ...
Not just Air India, Interups interested in Indian aviation; plans to invest $9 billion in 5 years“We are bullish on India’s aviation sector and plan to invest $9 billion in it over the next five years, as we see a lot of growth potentia...
IT companies to shed 5-10% of mid-level workforce: Ex-CFO of InfosysIT cos have no choice but to lay off some of their mid-level staff to become more agile, said ex-CFO of Infosys.
Army’s non-operational manpower and infrastructure will be downsized: Manohar Parrikar, Defence MinisterParrikar said the money saved from the downsizing exercise could got towards the new mountain strike corps.
Tata Motors cuts up to 1,500 managerial jobsWith the aim to reduce the number of managerial levels to 5 from the earlier 14, the top automaker undertook a review during the last finan...
Ujjivan Financial Services sheds some foreign flabUjjivan, which is in midst of transforming itself into a small finance bank, has remained silent about the development, with Samit Ghosh, i...
Axis Bank plans VRS to cut flab at topThe bank plans to roll out an early retirement scheme for senior employees aged 40 or more, who have been with the lender for 10 years or l...
Air India planning to deny VRS to productive employeesThe finalisation of the VRS process itself has been delayed since the govt and Air India are working hard to retain talented people.
- Specialised profiles in demand in real estate sector as sales drop
Companies in the sector are shedding flab, but at the same time looking for cost managers, technical auditors, legal experts, energy effici...
- Fragile world economy: India should be prepared for the worst
In an increasingly fragile world economy, incoherent politics is visibly struggling to grasp the solution that is rationally within reach.
- Loss-hit Air India cancels five Boeing orders: Report
Indian flagship carrier Air India, struggling with massive losses, has cancelled orders for five Boeing 777 planes, a report said Friday.
Air India told to recast to avail of bailout packageAir India will have to undergo massive restructuring exercise before getting any financial assistance.
- Restructuring must before financial assistance: Govt to Air India
The government on Wednesday said the public sector Air India will have to undergo massive restructuring exercise before getting any financi...
- AI plans to save Rs 500 cr in wage bill
Loss-making carrier Air India constitutes four-member committee to review wage agreements.
- Tech Mahindra not to retrench Satyam employees
The surplus employees would be put in a separate pool and would be paid basic salary, provident fund and medical insurance, and at a later ...
- Credit woes: IT cos may cut 25K jobs
The banking, financial services and insurance (BFSI) segment is the largest outsourcing vertical for Indian technology players.