Abhijit Lele, Sundar Sethuraman

Stories by Abhijit Lele, Sundar Sethuraman

RBI's priority lending norms may not mean quick relief for start-ups

RBI's priority lending norms may not mean quick relief for start-ups

Rediff.com   14 Sep 2020

Seed and early-stage start-ups are high-risk businesses, rarely have collateral and only 1 in 10 of them makes it to becoming a viable company.

Once nearly half, China's market capitalisation is now 5x India's

Once nearly half, China's market capitalisation is now 5x India's

Rediff.com   10 Sep 2020

China is the world's second-largest - both in terms of GDP and m-cap. At $10 trillion, its m-cap is second only to the US at $38 trillion.

Challenges that Dinesh Khara, the new SBI chief faces

Challenges that Dinesh Khara, the new SBI chief faces

Rediff.com   8 Sep 2020

Relations with the government, the bank's majority owner, are a tricky issue for all SBI chiefs, and, like all his predecessors, Khara will be closely watched for his equations with the finance ministry representative on the SBI board.

September may see end of IPO drought with 5 hitting the market

September may see end of IPO drought with 5 hitting the market

Rediff.com   3 Sep 2020

Many are now hoping the markets remain in good stead as they look to finalise the dates for IPOs, such as UTI MF, Computer Age Management Services, Happiest Mind, and Angel Broking. Most of the issues are expected to come to the market in the second half of September.

HAL stake sale kick-starts Centre's FY21 divestment drive

HAL stake sale kick-starts Centre's FY21 divestment drive

Rediff.com   28 Aug 2020

About Rs 4,257 crore worth of bids have been received so far and the Centre hopes that retail investors - those investing up to Rs 2 lakh - will place bids worth at least Rs 750 crore.

Bonanza for overseas Indian investors; ODI norms to be eased

Bonanza for overseas Indian investors; ODI norms to be eased

Rediff.com   27 Aug 2020

The net outward foreign direct investment went up from $9.1 billion in 2017-18 to $12.6 billion in 2018-19 and moved further north to $13 billion in 2019-20.

Loan restructuring: 'Whoever needs relief should get it'

Loan restructuring: 'Whoever needs relief should get it'

Rediff.com   25 Aug 2020

'Mostly, the relief, if needed, would be for housing loans where a person has lost a job and is unable to pay his EMI or there has been a temporary salary cut.'

Foreign portfolio flows in 2020 turn positive after Covid-19 jitters

Foreign portfolio flows in 2020 turn positive after Covid-19 jitters

Rediff.com   13 Aug 2020

In the past four months, $7.5 billion has flowed back into domestic stocks, helping the benchmark indices bounce back more than 40 per cent from their 2020 lows.

Markets ride easy money wave, experts caution against asset price bubbles

Markets ride easy money wave, experts caution against asset price bubbles

Rediff.com   3 Aug 2020

The V-shaped rebound has been aided by a gush of liquidity flooding the global financial system, thanks to balance sheet expansion.

Yes Bank to take more 'Anil Ambani like steps' to recover dues

Yes Bank to take more 'Anil Ambani like steps' to recover dues

Rediff.com   2 Aug 2020

Yes Bank CEO said the private lender is disposing some of the properties in many other cases as well. He, however, declined to elaborate on borrowers against whom such action was underway.

Number of wilful defaulters was on rise even before lockdown

Number of wilful defaulters was on rise even before lockdown

Rediff.com   15 Jul 2020

Lenders had filed 1,251 cases to recover Rs 24,765.5 crore. Wilful defaulters are the entities that do not pay back money despite the ability to do so. Defaulters above Rs 1 crore were considered for this exercise.

HDFC to set up fund to finance stressed realty projects

HDFC to set up fund to finance stressed realty projects

Rediff.com   7 Jul 2020

The real estate sector had been going through a rough phase even before the COVID-19 crisis, marked by falling sales and piling up of inventories.

Nearly 90% of top-500 stocks log gains in June

Nearly 90% of top-500 stocks log gains in June

Rediff.com   30 Jun 2020

What worked for the markets was favourable global investor sentiment and encouraging flows into the emerging markets following stimulus measures taken by central banks.

Battered banks staring at uncertain future

Battered banks staring at uncertain future

Rediff.com   22 Jun 2020

Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.

IPO filings with Sebi lowest in 6 years

IPO filings with Sebi lowest in 6 years

Rediff.com   17 Jun 2020

Market experts said disruptions caused by the pandemic - to businesses as well as the filing process - and the sharp decline in valuations were the reasons behind fewer new companies wanting to tap the capital markets.

YES Bank restructures salaries of senior leadership team

YES Bank restructures salaries of senior leadership team

Rediff.com   1 Jun 2020

About 300 employees would come under the ambit of voluntary decision.

Covid-19 crisis: Slippages may jump to Rs 5.5 trillion

Covid-19 crisis: Slippages may jump to Rs 5.5 trillion

Rediff.com   22 May 2020

The incremental stress is mainly from sectors including power, infrastructure, constructions, hospitality, iron and steel, telecom, and realty.

Indiabulls sacks over 2,000 employees to control expenses

Indiabulls sacks over 2,000 employees to control expenses

Rediff.com   21 May 2020

Scores of employees took to social media to express disappointment and said they were asked to resign over WhatsApp calls. On Twitter, some said they had been asked to resign by May 31 and that there was no severance package and salary would be paid only for May.

Decade's worst time for diamond industry

Decade's worst time for diamond industry

Rediff.com   29 Apr 2020

Diamond industry expects revenues to drop by 20-25% in the current financial year.