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Gitanjali Gems shares soar over 9% on biz restructuring

Shares of Gitanjali Gems Wednesday surged over 9 percent after the company announced major restructuring of its business to create better synergy within group companies, bring down costs and improve cash flows for "unlocking value in future".

GM faces investor demand for slice of $25 billion cash hoard

An investor group demand that General Motors Co give back more of its USD 25 billion cash hoard confronts Chief Executive Mary Barra with a challenge to her plans for building the company and rewarding shareholders.

Dutch ING declares first dividend since 2008 crisis

Leading Dutch bank ING said Wednesday it planned paying a dividend for the first time since getting a state bailout in 2008, despite posting a 64 percent drop in net profit for 2014.

Cash-strapped SpiceJet to sack 2,000 employees

Cash-strapped SpiceJet Airline will sack 2000 of its employees as part of restructuring plans.

Patel says BCCI pressurised Aus, Eng boards for ICC revamp

The BCCI had threatened to form a parallel world cricket body before the England and Australian boards agreed to the controversial restructuring of the ICC and decided to give a lion`s share of revenue to the Indian board, said its secretary Sanjay Patel Saturday.

Restructuring of Brahmaputra Board under consideration

The Centre was considering the restructuring of the Brahmaputra Board as Basin Level Organisation/Authority.

Congress mulling reshuffle in UPA govt, party?

With an eye on crucial 2014 Lok Sabha elections, the Congress apex leadership is reportedly mulling large-scale restructuring in the party and the UPA government.

JAL lenders to cave in to bankruptcy plan: sources

The main lenders to Japan Airlines plan to accept a restructuring package that would require the carrier to file for bankruptcy, sources said, increasing the likelihood of a state bailout this month.

JAL may separate profitbale operations for restructuring

The government and major creditor
banks of Japan Airlines Corp are examining an option to separate the ailing carrier`s profitable operations from those making losses to accelerate its rehabilitation, sources said on Tuesday.

Accenture to lay off senior executive workforce by 7%

Global management consulting and outsourcing company Accenture is reducing its senior executive workforce by seven percent besides, pruning real estate capacity as part of restructuring efforts.