By LiveMint-India
FedEx is restructuring its French operations, cutting up to 500 jobs while investing 78 million euros to streamline its distribution network from 103 to 86 stations. The company will create over 770 new roles and consult with employee representatives during this transition.
Former State Bank of India MD Arijit Basu has been appointed as Chairman of IndusInd Bank after Sunil Mehta's resignation.
JSW Steel Q3 profit includes a one-time deferred tax gain of ₹1,439 crore related to its Bhushan Power and Steel assets. Excluding this, underlying profit would be roughly half of analyst expectations
To drive this growth, the housing financier is focussing on several levers such as growing its branch and distribution network, adding more manpower for these segments, and investing in digital channels, newly appointed MD and CEO Ajai Kumar Shukla said.
