Search For "divest"
IBM to cut 3,900 jobs amid broader tech slowdown: WSJ
Updated : 3 years, 6 months ago IST
The job cuts will stem from Kyndryl Holdings, the IT services business that IBM spun off last year, and its healthcare divestiture, from which the company will incur about a USD 300 million charge, a spokesman told WSJ.
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Apollo LogiSolutions divests Kashipur terminal to streamline business grow
Updated : 3 years, 7 months ago IST
Apollo LogiSolutions said the move was aimed to add strength and boost market share in contract logistics, adding that Kashipur Infrastructure and Freight Terminal (KIFTPL) was a non-core, standalone asset which did not form part of the company's "future strategic roadmap".
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Edelweiss Alternatives acquires L-T Infrastructure Development Projects
Updated : 3 years, 7 months ago IST
With this, L&T will divest its entire stake in the concession subsidiary, L&T IDPL. This is in line with L&T's strategy of reducing its exposure to the non-core asset-heavy developmental projects portfolio, according to a statement from Larsen and Toubro.
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L&T Finance Holdings completes the divestment of its mutual fund busin
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], November 26 (ANI/NewsVoir): L&T Finance Holdings Limited, one of India's leading non-banking financial companies, today announced the conclusion of the sale of its mutual fund business to HSBC Asset Management (India) Private Limited.
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Air India informs Kerala HC that it is no longer a 'State'
Updated : 3 years, 8 months ago IST
Air India has informed the Kerala High Court that the company is no more a 'State' within the purview of Article 12 of the Constitution. It also informed that it has ceased to be a government company.
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Shares of RailTel and Rail Vikas rally over 7%
Updated : 3 years, 8 months ago IST
The two rail stocks had been strengthening ever since there had been reports that the government might divest up to 10 per cent stake in RailTel, Rail Vikas and four other public-listed railway firms. There had been reports that the divestment shall give the government a sum of Rs 12,000 cro
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China opposes Canada govt's curbs on Chinese mineral firms
Updated : 3 years, 8 months ago IST
the Canadian government ordered three China-originated foreign companies to divest investments in Canadian critical mineral firms due to national security concerns.
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Govt, LIC to divest 60.72 per cent stake in IDBI Bank
Updated : 3 years, 9 months ago IST
New Delhi [India], October 7 (ANI): The Government of India and Life Insurance Corporation of India (LIC) will together divest 60.72 per cent stake in IDBI Bank. The government on Friday invited the expression of interest for the divestment of stakes in the bank.
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STL divests IDS as a part of its ongoing portfolio realignment
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], September 27 (ANI/PRNewswire): STL [NSE: STLTECH] one of the industry's leading integrators of digital networks, today announced its divestment of Impact Data Solutions Limited (IDS), UK, as a part of its consolidated strategy to focus on its core business segme
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GMR Group to divest its entire 40 per cent stake in Philippines' Cebu airp
Updated : 3 years, 11 months ago IST
New Delhi [India], September 2 (ANI): GMR Group on Friday said it has signed definitive agreements to divest its entire 40 per cent stake in Mactan Cebu International Airport in the Philippines for an upfront payment of Rs 1,330 crore.
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Airtel divestment: Why Singtel is on a selling spree
Updated : 3 years, 11 months ago IST
Singapore, August 29 (ANI): Last week, a day after reporting its first quarter 2022 financial results, Singtel announced on August 25 that it would sell a 3.3 per cent stake in India's Bharti Airtel Ltd to Bharti Telecom Ltd for an aggregate consideration of about USD 1.61 billion.
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Private consortium bags Pawan Hans after three failed divestment bids
Updated : 4 years, 3 months ago IST
New Delhi [India], April 30 (ANI): The Government has said that it has approved the highest bid of Star9 Mobility Pvt Ltd for the sale of its 51 per cent stake in Pawan Hans Limited for Rs 211.14 crore.
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