Emily Flitter And Sumeet Chatterjee

Stories by Emily Flitter And Sumeet Chatterjee

Unable to sell cattle, farmers have a beef with Modi's BJP

Unable to sell cattle, farmers have a beef with Modi's BJP

Rediff.com   29 Mar 2016

Farmer suicides have nearly doubled in the drought-hit Marathwada region of Maharashtra.

Heineken eyes control of Mallya's United Breweries

Heineken eyes control of Mallya's United Breweries

Rediff.com   17 Mar 2016

Heineken could call a shareholder meeting to vote on his ouster from a company his father built into a family empire

Mallya resigns as USL chief; to be paid Rs 515 crore

Mallya resigns as USL chief; to be paid Rs 515 crore

Rediff.com   25 Feb 2016

Mallya will now be the Founder Emeritus of USL

Sahara uses small savers to keep hill resort afloat

Sahara uses small savers to keep hill resort afloat

Rediff.com   1 Feb 2016

Sahara has ploughed at least Rs 1,500 crore from two of its credit cooperatives into the Aamby Valley resort project

Tata Steel to axe 1,050 UK jobs in global steel crisis fallout

Tata Steel to axe 1,050 UK jobs in global steel crisis fallout

Rediff.com   18 Jan 2016

European Union steel prices hit their lowest since 2004

India likely to trim divestment targets to 'realistic' levels

India likely to trim divestment targets to 'realistic' levels

Rediff.com   14 Jan 2016

Government is expected to rely more on divestment proceeds to keep the fiscal deficit in check

Factbox: Money laundering probe into Sahara

Factbox: Money laundering probe into Sahara

Rediff.com   23 Dec 2015

Suspicions have swirled for years that many of Sahara's millions of investors are fictitious names

Savers in dark over Sahara's latest shadow banking schemes

Savers in dark over Sahara's latest shadow banking schemes

Rediff.com   23 Dec 2015

Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.

IndiGo flies high in India's cut-throat airline market

IndiGo flies high in India's cut-throat airline market

Rediff.com   26 Oct 2015

IndiGo was set up in 2006 by businessman Rahul Bhatia and Rakesh Gangwal, a former CEO for US Airways Group.

Starbucks rival to launch India's biggest IPO in 3 years next week

Starbucks rival to launch India's biggest IPO in 3 years next week

Rediff.com   7 Oct 2015

Coffee Day Enterprises Ltd is backed by KKR & Co.

To stop tax evasion, Sebi cracks the whip on offshore wealth managers

To stop tax evasion, Sebi cracks the whip on offshore wealth managers

Rediff.com   7 Aug 2015

An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011

Global banks make a beeline to invest in India's start-ups

Global banks make a beeline to invest in India's start-ups

Rediff.com   11 May 2015

Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's Softbank Corp to Singapore's Temasek Holdings.

Sebi struggles to shield savers from more Saharas

Sebi struggles to shield savers from more Saharas

Rediff.com   9 Apr 2015

Sahara chief Subrata Roy may not come out clean in the biggest ever investment fraud that he allegedly did few years ago.

Rescue plan for Sahara in doubt as Spanish bank denies loan

Rescue plan for Sahara in doubt as Spanish bank denies loan

Rediff.com   25 Mar 2015

Spanish bank denies credit line to bail Sahara boss.

Sahara gets more time to raise bail to free boss

Sahara gets more time to raise bail to free boss

Rediff.com   23 Mar 2015

The Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. Sahara has made several failed attempts to raise $1.6 billion in bail money. Roy was jailed after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds in order to bail out Roy. On Monday, the country's top court allowed Sahara to sell part of its Aamby Valley township outside Mumbai, which has luxury villas and a golf course, to raise funds.

Tough decisions as endgame nears for Sahara

Tough decisions as endgame nears for Sahara

Rediff.com   23 Mar 2015

The top court last week gave Sahara a final chance to raise funds.

Sky-high valuation of India's start-ups worries global investors

Sky-high valuation of India's start-ups worries global investors

Rediff.com   20 Mar 2015

As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings.

Some staff say Sahara has not paid salaries for months

Some staff say Sahara has not paid salaries for months

Rediff.com   27 Feb 2015

Sahara told the top court this week it was considering other proposals to raise funds, including selling a luxury development outside Pune.

Subrata Roy's get-out-of-jail deal is mired in mystery

Subrata Roy's get-out-of-jail deal is mired in mystery

Rediff.com   5 Feb 2015

Sahara relied on a letter from bank saying the funds were there.

Xiaomi's India smartphone ban exposes wider patent risk

Xiaomi's India smartphone ban exposes wider patent risk

Rediff.com   14 Dec 2014

Xiaomi said in a statement that "it isn't easy" to build up a patent portfolio as a start-up company, but it aims to have filed 8,000 applications by 2016.