Amritha Pillay &Amp; Dev Chatterjee

Stories by Amritha Pillay &Amp; Dev Chatterjee

Winners and losers amid the Covid-19 pandemic

Winners and losers amid the Covid-19 pandemic

Rediff.com   5 Feb 2021

CEOs expect to finish the ongoing March quarter with positive growth as the corporates get back to work in full strength.

Indian Hotels in race to take over Mysuru's Lalitha Mahal Palace

Indian Hotels in race to take over Mysuru's Lalitha Mahal Palace

Rediff.com   4 Feb 2021

The palace, currently run by JLR, will be offered to bidders on a long-term management contract.

How Piramal managed to outbid Oaktree, Adani for DHFL

How Piramal managed to outbid Oaktree, Adani for DHFL

Rediff.com   24 Jan 2021

When the third round of bids was opened, Oaktree's offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with DHFL, Adani was ranked third in the race, reports Dev Chatterjee.

From Tatas to RIL, India Inc goes into hiring mode as demand picks up

From Tatas to RIL, India Inc goes into hiring mode as demand picks up

Rediff.com   22 Jan 2021

Most of the hirings are, however, in the entry or junior level.

Kumar Mangalam Birla has a piece of advice for India Inc on future crisis

Kumar Mangalam Birla has a piece of advice for India Inc on future crisis

Rediff.com   21 Jan 2021

While asking firms not to worry about sharp volatility in prices, Birla said companies must make sure they do not get caught in 'comorbidities'.

Budget should reduce income tax rates, invest in infrastructure: CEOs to FM

Budget should reduce income tax rates, invest in infrastructure: CEOs to FM

Rediff.com   18 Jan 2021

Besides low interest rates, a reduction in active Covid cases and strong high-frequency macro data have lifted the sentiment of both corporate India and the stock markets.

Air India bid: US fund ready with war chest of 'billions'

Air India bid: US fund ready with war chest of 'billions'

Rediff.com   24 Dec 2020

For the AI bid, Interups has joined hands with a few employees of the airline, and plans to raise funds by splitting some of its infrastructure-related assets into an aviation InvIT, which will have underlying assets such as air routes, ground handling, repairs, and training etc.

Sale of Reliance Capital's assets gets resounding response

Sale of Reliance Capital's assets gets resounding response

Rediff.com   3 Dec 2020

Blackstone, KKR, and Bain Capital, among others, are in the race for its general insurance arm, and Bandhan Bank, Bain, and Dabur Investments have shown interest for RCap's 51 per cent stake in the life insurance business.

Tata, Birla, Bajaj, and Piramal Group may lead race for bank licence

Tata, Birla, Bajaj, and Piramal Group may lead race for bank licence

Rediff.com   1 Dec 2020

NBFCs with a proven track record, supported by the brand values of reputed corporate, can play a key role in bringing the benefits of banking and economy to the underserved and newer segments of India.

Peeved Piramal says will quit race for DHFL over Adani's 11th-hour bid

Peeved Piramal says will quit race for DHFL over Adani's 11th-hour bid

Rediff.com   17 Nov 2020

Adani, which had earlier bid only for the wholesale book, now want all of DHFL's assets and has pipped both Oaktree and Piramal by bidding higher than each of them.

Covid-19: Zero cash flows force India Inc to sell assets

Covid-19: Zero cash flows force India Inc to sell assets

Rediff.com   22 Oct 2020

Not just mid- and small-sized firms, even big ones will either sell group companies or stakes in their listed entities to tide over crisis; more sell-offs seen in coming months.

Will PNB acquire beleaguered Lakshmi Vilas Bank?

Will PNB acquire beleaguered Lakshmi Vilas Bank?

Rediff.com   8 Oct 2020

PNB has rich experience in the integration of commercial banks.

India Inc's succession plan is seeing a gender shift

India Inc's succession plan is seeing a gender shift

Rediff.com   5 Oct 2020

Women leaders, succession planners and lawyers say doors in family businesses are opening but a stronger push is needed.

SBI Caps, JM Financial to sell Reliance Capital assets

SBI Caps, JM Financial to sell Reliance Capital assets

Rediff.com   2 Oct 2020

The key assets put on the block include its entire stake in Reliance General Insurance Company, the third-largest private sector insurer, and a 49 per cent stake in Reliance Nippon Life Insurance, a joint venture with Nippon Life, which is among the top five private-sector insurance companies.

New hiring at RIL starts tapering; staff count declines

New hiring at RIL starts tapering; staff count declines

Rediff.com   23 Sep 2020

Experts attribute this trend to a combination of end of capital expenditure cycle, increased automation, RIL's preference for time-bound labour contracts, and telecom and retail's outsourced human resource model.

Women ride the ed-tech boom as opportunities click

Women ride the ed-tech boom as opportunities click

Rediff.com   21 Sep 2020

Experts point out teaching in its online avatar helps address women specific concerns, like care-giving responsibilities, lack of safe public and work spaces, and the inability to move to cities.

The real story behind Adani-Mumbai Airport deal

The real story behind Adani-Mumbai Airport deal

Rediff.com   8 Sep 2020

What made the tide turn in favour of the Adani group was the Covid-19 pandemic, which shut down airports the world over, including Mumbai. There was no cash flow and the firm started defaulting on salaries July onwards.

Govt banks to invoke personal guarantee of defaulters

Govt banks to invoke personal guarantee of defaulters

Rediff.com   5 Sep 2020

Finance ministry advises banks to invoke personal guarantees of all promoters whose companies have gone to NCLT for debt resolution.

Period leave doesn't hamper work or affect employability

Period leave doesn't hamper work or affect employability

Rediff.com   2 Sep 2020

There was a worry that such a policy would hamper businesses, create resentment among the male staff and perhaps also discourage companies from employing women. However, this has proved to be misplaced.