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MAJOR CORPORATE SHAKEUP
Wall Street ends mixed as earnings lift the DowUS stocks saw a mixed close Tuesday. The Dow Jones Industrial Average led gains, driven by strong earnings in industrials and capital goods...- US stock market: Dow, S&P 500, Nasdaq rebound after days of downturn on weak jobs data as Fed rate cut bets growUS stocks bounced back on Thursday as the Dow, S&P 500, and Nasdaq rebounded after days of losses, lifted by weaker-than-expected jobs data...
- Rs 66,000 crore gone! LIC portfolio takes a hit in July as bluechip stocks crashIndia's Life Insurance Corporation (LIC) experienced a significant setback in July, with its equity portfolio declining by Rs 66,000 crore ...
- Thyssenkrupp to cut 11,000 jobs at steel division in major corporate shakeupThyssenkrupp Steel Europe will cut 11,000 jobs by 2030. The German steelmaker will also reduce production. The company blames cheaper Asian...
- How China plans to cut hidden debt in massive shakeupChina has announced a significant plan to address its mounting local government debt. The plan involves swapping hidden debt, primarily acc...
- Big tech layoffs may further disrupt equity and diversity effortsSurging firings by technology companies last year are disproportionately affecting women and mid-career talent which may make it more diffi...
- Lee Kun-hee, who made S.Korea's Samsung a global powerhouse, dies at 78Lee, who was 78, helped grow his father Lee Byung-chull's noodle trading business into South Korea's biggest conglomerate. His death came m...
- Team Navneet Munot at SBI Mutual Fund chases alpha in second-rung stocks, dumps banks & top PSUsSBI Mutual Fund dumped shares of big banking and government-owned companies during the month, even as it added to its holdings in relativel...
- When tectonic plates of India Inc shook because of audit firms & independent directorsFinancial irregularities was far and few in India’s economic history over the past decade.
- Tesla board shakeup seen as 'important step' in governanceTesla shares have plunged 18 percent this year, compared with a 21 percent gain in the Nasdaq Composite.
- India's potential is finally turning into results: Vishal Wanchoo, CEO, GE South AsiaGE was the pioneer of India’s back-office story. But it has fallen off the pedestal in the digital era.
- Real estate to witness a major shakeup in 2-3 years: V SrivatsaSrivatsa analyses the recent trends in aviation, real estate and PSU bank sectors.
- 55 top India Inc CEOs give Narendra Modi government a 7/10; say corruption down, doing business slightly easierIndia Inc captains feel the economy is picking up but a lot remains to be done. Most of them say corruption is down and doing business has ...
- Major bureaucratic reshuffle in Tamil Nadu after Panneerselvam assumed chargeThe reshuffle also comes days ahead of the short-duration state Assembly session beginning on Dec 4, the first after Panneerselvam assumed ...
- Ray Lane’s exit gives CEO Meg Whitman chance to revive Hewlett-PackardHewlett-Packard Co’s board shakeup, including Ray Lane’s exit as chairman, gives chief executive officer Meg Whitman a clearer path to revi...
- CAs to be barred from non-audit workThe government will prevent chartered accountants (CAs) from offering consultancy and advisory services to the companies which hire them fo...
- TCI has brought many cos to heel earlier tooThe scheme was attacked by investor funds on grounds that it was skewed against minority shareholders.
- St crisis: Downsizing new talking point among techiesTop deck IT companies has already announced slackened hiring and layoffs could soon be the order of the day. Pink slips back at IT cos I Ho...
- Mumbai IT parks open doors to banks, MFsMahrashtra has decided to allow all IT parks and IT buildings to utilise 80% of the total constructed area for financial services. Guide to...
- Yang accuses Microsoft of trying to destabilise Yahoo: ReportMicrosoft confirmed Icahn's comments about talks that could lead to a new takeover bid if Yahoo replaces its directors next month. Phishing...
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