Venezuela prison brawl toll rises to 26
August 24th, 2012 - 1:42 pm ICT by IANS
Caracas, Aug 24 (IANS/EFE) The toll in last weekend's battle between heavily armed inmate gangs at the Yare I prison near Caracas has risen to 26, said authorities.The initial casualty ... Read more...
Posted in World |
Nalco puts Indonesia smelter project on hold
August 15th, 2012 - 2:35 pm ICT by IANS
Bhubaneswar, Aug 15 (IANS) The state-run National Aluminium Company Ltd. (Nalco) Wednesday said it has put on hold its proposed alumina smelter project in Indonesia due to uncertainty over the ... Read more...
Posted in Business |
Czech military to reduce officers to save money
August 9th, 2012 - 12:58 pm ICT by IANS
Prague, Aug 9 (IANS) The Czech military is to reduce the number of officers at its headquarters to slim down the command structure and reduce costs, Deputy Defence Minister Jiri ... Read more...
Posted in World |
No more cuts coming, says Spanish minister
August 6th, 2012 - 11:41 am ICT by IANS
Madrid, Aug 6 (IANS/EFE) Economy Minister Luis de Guindos has said in an interview that although Spain is finally asking for help from the European rescue fund there will be ... Read more...
Posted in Business |
Allahabad Bank Q1 net profit jumps 23 percent
July 30th, 2012 - 6:01 pm ICT by IANS
Kolkata, July 30 (IANS) State-run Allahabad Bank Monday reported a 23 percent jump in net profit at Rs.5.14 billion in the quarter ended June 2012 from Rs 4.18 billion in ... Read more...
Posted in Business |
Britain to axe 20,000 troops
July 6th, 2012 - 8:07 am ICT by IANS
London, July 6 (IANS) The British Army is to axe some 20,000 troops as it undergoes a "fundamental restructuring" that is aimed at making the force "more flexible and agile".Defence ... Read more...
Posted in World |
SBI mulls reduced interest rates for small, medium enterprises
May 29th, 2012 - 10:04 pm ICT by IANS
Chennai, May 29 (IANS) India's largest government-owned lender, State Bank of India (SBI) plans to reduce its lending rates for small and medium enterprises (SMEs) from June onwards so ... Read more...
Posted in Business |
City Union Bank targets 20-30 percent growth
May 18th, 2012 - 6:05 pm ICT by IANS
Chennai, May 18 (IANS) Privately-owned City Union Bank hopes to log a growth of 20-30 percent this fiscal despite the economic outlook not being encouraging while the net interest ... Read more...
Posted in Business |
Tata Sons denies management restructuring in group companies
April 27th, 2012 - 9:31 pm ICT by IANS
New Delhi, April 27 (IANS) Tata Sons Friday said it has no plan to restructure the managements of group companies by promoting the non-executive vice chairmen to the post of ... Read more...
Posted in Business |
Yahoo! to cut another 2,000 jobs in restructuring effort
April 4th, 2012 - 10:54 pm ICT by BNO News
SAN FRANCISCO, CALIFORNIA (BNO NEWS) -- Internet giant Yahoo!, Inc. on Wednesday said it will cut another 2,000 jobs, or about 14 percent of its global workforce, as part of a broader ... Read more...
Posted in Technology Industry News |
Vedanta looking to acquire coal assets in India and overseas
February 26th, 2012 - 1:09 am ICT by IANS
Mumbai, Feb 25 (IANS) Vedanta Resources, which announced a major restructuring of its businesses Saturday, said it is looking to acquire coal assets in India and abroad, especially in Latin ... Read more...
Posted in World |
Belgian trade union files complaint against ArcelorMittal
February 21st, 2012 - 10:13 pm ICT by IANS
Brussels, Feb 21 (IANS) The socialist trade union in Belgium -- ABVV -- has filed a complaint with the legal authorities against Indian-origin Lakshmi Mittal's steel giant ArcelorMittal, accusing ... Read more...
Posted in World |
Restructure Pakistan’s education system: Daily
February 20th, 2012 - 12:32 pm ICT by IANS
Islamabad, Feb 20 (IANS) A complete restructuring of the education system is needed in Pakistan where the literacy level still remains among the lowest in the world, said a daily ... Read more...
Posted in South Asia |
BCCI rejects Woolf Report recommendations
February 13th, 2012 - 5:50 pm ICT by IANS
Chennai, Feb 13 (IANS) The Board of Control for Cricket in India (BCCI) Monday rejected the key recommendations of the Woolf Report concerning the restructuring of the International Cricket Council ... Read more...
Posted in Sports |
SIDBI may achieve 21 percent credit growth by March-end
February 10th, 2012 - 7:05 pm ICT by IANS
Kolkata, Feb 10 (IANS) The Small Industries Development Bank of India (SIDBI), which finances the Micro, Small and Medium Enterprise (MSME) sector, Friday said it might clock an year-on-year credit ... Read more...
Posted in Business |
American Airlines may cut 13,000 jobs
February 2nd, 2012 - 2:20 pm ICT by IANS
Houston, Feb 2 (IANS) US carrier American Airlines said Wednesday that it wants to eliminate 13,000 jobs as it seeks to cut labour costs by 20 percent.The announcement was made ... Read more...
Posted in Business |
Air France-KLM plans to cut costs to boost profitability
January 13th, 2012 - 3:32 pm ICT by IANS
Paris, Jan 13 (IANS) Air France-KLM Thursday unveiled a multi-billion-euro restructuring plan to bolster the group's profits by 2014.
In a statement posted on its website, the Franco-Dutch joint venture ... Read more...
Posted in Business |
No bailout for Kingfisher, Air India needs to shape up: Minister
January 11th, 2012 - 4:31 pm ICT by IANS
New Delhi, Jan 11 (IANS) Civil Aviation Minister Ajit Singh Wednesday ruled out any bailout package for Vijay Mallya promoted-Kingfisher which is under financial strain, and added that the ... Read more...
Posted in Business |
Government’s loan waiver to benefit 300,000 weavers
December 14th, 2011 - 4:23 pm ICT by IANS
New Delhi, Dec 14 (IANS) Nearly 300,000 handloom weavers and 15,000 weavers' cooperatives across India are likely to benefit under a new scheme - including a loan waiver - to ... Read more...
Posted in Politics |
Credit offtake to pick up next year: Axis Bank
December 9th, 2011 - 7:32 pm ICT by IANS
Kolkata, Dec 9 (IANS) Credit growth will start picking up in 2012, Shikha Sharma, managing director and chief executive officer of Axis Bank, said Friday."Credit growth is directly linked to ... Read more...
Posted in Business |
Nokia Siemens Networks to cut 17,000 jobs globally
November 24th, 2011 - 7:07 am ICT by IANS
Helsinki, Nov 24 (IANS) Nokia Siemens Networks is planning to cut its workforce by 17,000 worldwide by the end of 2013, the company said in a statement from Finland.The company ... Read more...
Posted in World |
Air India sets up panel to look into cabin restructuring
November 22nd, 2011 - 7:38 pm ICT by IANS
Mumbai/New Delhi, Nov 22 (IANS) National carrier Air India may opt for adding more economy seats on its domestic flights being operated on Airbus aircraft to increase yields, an airline ... Read more...
Posted in Business |
Kingfisher board to chalk out rescue plan
November 14th, 2011 - 9:37 pm ICT by IANS
Mumbai, Nov 14 (IANS) Cash-strapped Kingfisher Airlines' board is to meet here again Tuesday, after their Monday meet was inconclusive in chalking out a rescue plan for the carrier ... Read more...
Posted in Business |
Business as usual unacceptable, Gilani warns PIA
November 4th, 2011 - 12:53 pm ICT by IANS
Islamabad, Nov 4 (IANS) "Business as usual is unacceptable" was the stern message from Prime Minister Yousuf Raza Gilani to the country's national carrier that has to undergo restructuring.Gilani, ... Read more...
Posted in South Asia |
Bank of America to cut 30,000 jobs
September 13th, 2011 - 2:42 am ICT by IANS
Washington, Sep 13 (IANS) Bank of America said Monday that it will cut about 30,000 jobs over the next few years to slash costs, Xinhua reported.The job reduction is part ... Read more...
Posted in Business |
Foreign car producers taking control in China
August 24th, 2011 - 12:36 pm ICT by IANS
Beijing, Aug 24 (IANS) Foreign car producers have begun taking control of their joint ventures in China and sidelining their Chinese counterparts from business partners to factory providers, a media ... Read more...
Posted in World |
WSJ: Bank of America to cut up to 10,000 jobs
August 19th, 2011 - 7:21 pm ICT by BNO News
CHARLOTTE, NORTH CAROLINA (BNO NEWS) -- Bank of America Corp. is cutting at least 3,500 jobs by the end of next month as part of a major restructuring effort which could see ... Read more...
Posted in Business |
HSBC to cut 30,000 jobs worldwide
August 2nd, 2011 - 1:27 am ICT by Aishwarya Bhatt
New York, Aug 1 (THAINDIAN NEWS) HSBC is all set to cut around 30,000 jobs worldwide. The major countries that are going to be affected by these cuts are Russia, US and ... Read more...
Posted in Business |
Bihar to restructure state power board
July 27th, 2011 - 5:33 pm ICT by IANS
Patna, July 27 (IANS) In a bid to attract private investment in the power sector, Chief Minister Nitish Kumar Wednesday said the state government will soon go ahead with the ... Read more...
Posted in Uncategorized |
DMK’s executive council starts deliberations
July 23rd, 2011 - 9:53 pm ICT by IANS
Coimbatore (Tamil Nadu), July 23 (IANS) Tamil Nadu's opposition DMK Saturday began its executive council meeting, deliberating on the road ahead for the party after its defeat in the April ... Read more...
Posted in Politics |
Bengal to restructure agency promoting software industry
June 30th, 2011 - 6:32 pm ICT by IANS
Kolkata, June 30 (IANS) West Bengal Industry Minister Partha Chatterjee Thursday said Webel, a state government agency promoting software and electronics industry, will be restructured."There will be a restructuring ... Read more...
Posted in Business |
Family feud in the Hindu business empire
April 28th, 2011 - 1:34 am ICT by Aishwarya Bhatt
New Delhi, April 28 (THAINDIAN NEWS) The litigation over who gets to control the Hindu Business Line and The Hindu continued with the warring parties trading fresh accusations against each other. The ... Read more...
Posted in National |
ICC to reconsider its decision to cut teams from 2015 World Cup
April 20th, 2011 - 12:43 pm ICT by ANI
Sydney, Apr 20 (ANI): ICC President Sharad Pawar has decided to request the executive board to revisit its decision to cut teams from the 2015 cricket world cup during the International Cricket ... Read more...
Posted in Sports |
RealNetworks CEO Kimball suddenly resigns
March 29th, 2011 - 1:34 pm ICT by BNO News
SEATTLE (BNO NEWS) -- The president and chief executive officer of RealNetworks, the company best known for developing RealPlayer, suddenly resigned on Monday as the organization is in the midst of restructuring.Robert ... Read more...
Posted in Technology Industry News |
West Bengal seeks fund for Sundarbans
February 18th, 2011 - 9:27 pm ICT by IANS
Kolkata, Feb 18 (IANS) The West Bengal government has sought funds for the development and restructuring of the Sundarbans, the world's largest mangrove forest, from the World Bank, Chief Minister Buddhadeb Bhattacharjee ... Read more...
Posted in Environment |