Amritha Pillay &Amp; Dev Chatterjee

Stories by Amritha Pillay &Amp; Dev Chatterjee

Why infra firms in Andhra are staring at a bleak future

Why infra firms in Andhra are staring at a bleak future

Rediff.com   4 Jun 2019

Bhogapuram international airport, Ramayapatnam and Bandar ports, the Muktyala lift irrigation scheme and a bridge across the Krishna river are some of the projects likely to be hit.

Plan to make Maharashtra drought-free by 2019 fails miserably

Plan to make Maharashtra drought-free by 2019 fails miserably

Rediff.com   30 May 2019

Despite Chief minister Devendra Fadnavis' ambitious plan, 40 per cent of the state is reeling from drought and its water tanker economy is booming. As of February 2019, the state government declared drought in 151 of the 358 talukas.

Mukesh Ambani's personal firms also selling assets to cut debt

Mukesh Ambani's personal firms also selling assets to cut debt

Rediff.com   6 May 2019

Bankers said as part of its debt reduction plan, Canada's Brookfield-sponsored India Infrastructure Trust acquired a pipeline for Rs 13,000 crore from East West Pipeline Ltd, an arm of Reliance Industries Holding Private Ltd, and all the liabilities are now off the subsidiary's books.

Anil Ambani's Reliance group slams Rahul Gandhi for his 'malicious lies'

Anil Ambani's Reliance group slams Rahul Gandhi for his 'malicious lies'

Rediff.com   6 May 2019

Rahul has singled out Anil Ambani several times for winning the Rafale defence contract from the Narendra Modi government, alleging favouritism and corruption.

How Anil Ambani can revive his group's fortune

How Anil Ambani can revive his group's fortune

Rediff.com   2 May 2019

More asset sales may be only way out, though most of the group companies' ratings have been downgraded and their combined market value is now a fraction of their combined debt.

Jet board members liable for the crisis

Jet board members liable for the crisis

Rediff.com   2 May 2019

Independent directors were supposed to safeguard the interest of all stakeholders.

India's 13 biggest cos saw 121 deaths due to accidents

India's 13 biggest cos saw 121 deaths due to accidents

Rediff.com   1 May 2019

The 13 firms under consideration had nearly a million employees as of March 2018, including contractual and temporary workforce.

Why FY19 was the busiest for RIL's M&A team in 10 years

Why FY19 was the busiest for RIL's M&A team in 10 years

Rediff.com   29 Apr 2019

Reflective of the conglomerate's ambition to turn into a consumer-driven business, most of the 33 acquisitions in the last financial year were for its digital, retail, or related verticals.

Why India's forex kitty is all set to swell

Why India's forex kitty is all set to swell

Rediff.com   24 Apr 2019

Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors.

RIL-Aramco deal fits well for both their future strategies

RIL-Aramco deal fits well for both their future strategies

Rediff.com   23 Apr 2019

Aramco also plans to invest in building India's largest oil refinery on the country's west coast.

Why corporate credit may grow in next few quarters

Why corporate credit may grow in next few quarters

Rediff.com   22 Apr 2019

With average capacity utilisation now touching 76 per cent, Indian companies are going back to the drawing board to add capacity but the plans to build new factories and plants are still some months away.

'Cement industry in India is institutionalising'

'Cement industry in India is institutionalising'

Rediff.com   20 Apr 2019

With infrastructure claiming a larger share, movement and distribution of cement is bound to change.

Pay up, make peace: Promoters make one-time settlements with banks on loans

Pay up, make peace: Promoters make one-time settlements with banks on loans

Rediff.com   5 Apr 2019

Lenders say settlements will cross over 100 accounts in the March quarter.

SC order on RBI circular: How it will hit banks

SC order on RBI circular: How it will hit banks

Rediff.com   3 Apr 2019

Bankers said the SC verdict might prolong the resolution process and force lenders to bring back cases to the drawing board.

Reliance eyes Schuldschein route to raise $170m overseas

Reliance eyes Schuldschein route to raise $170m overseas

Rediff.com   18 Mar 2019

Schuldschein is an alternative way to raise funds instead of loans or bonds and deals can run from $12 million to more than $1.13 billion. These instruments include tranches of different maturities and currencies and investors are spread across the world.

Voting rights on 34% of Wipro shares are still with Premji family

Voting rights on 34% of Wipro shares are still with Premji family

Rediff.com   15 Mar 2019

The voting rights with the promoter will ensure the interests of the promoter family as well as minority shareholders are protected in future, said corporate governance advocates and corporate lawyers.

Patanjali Ayurved revises offer for bankrupt Ruchi Soya

Patanjali Ayurved revises offer for bankrupt Ruchi Soya

Rediff.com   13 Mar 2019

The revised offer will mean the lenders will have to write off 60 per cent of their dues.

More trouble for Anil Ambani as lenders may not bail out RCom

More trouble for Anil Ambani as lenders may not bail out RCom

Rediff.com   23 Feb 2019

In a meeting on Thursday evening, the RCom management, led by CEO Punit Garg, requested the bank representatives to release Rs 260 crore it received as I-T refund so that it could repay the dues to Ericsson.

Anil Ambani's sinking wealth leaves lenders jittery

Anil Ambani's sinking wealth leaves lenders jittery

Rediff.com   21 Feb 2019

While RCom owes Indian banks close to Rs 45,000 crore, Ambani has lost close to $408 million of personal wealth year-to-date until Tuesday.

Lenders won't sell Anil Ambani-led Reliance group shares till Sep

Lenders won't sell Anil Ambani-led Reliance group shares till Sep

Rediff.com   18 Feb 2019

Nine lenders have exposure to the promoter entities and had taken listed operating companies' shares as collateral from the promoter companies.