Amritha Pillay And Deepak Korgaonkar

Stories by Amritha Pillay And Deepak Korgaonkar

RIL looks to revive upstream biz

RIL looks to revive upstream biz

Rediff.com   5 Aug 2019

With two of its clusters - R-Series and Satellite Series - likely to start production in the next two years, the company looks to turn around production from this business.

At Rs 11,000 cr, July's FPI pullout highest in 9 months

At Rs 11,000 cr, July's FPI pullout highest in 9 months

Rediff.com   1 Aug 2019

After turning net buyers for the fifth straight month till June, foreign portfolio investors (FPIs) withdrew a net of Rs 11,743 crore ($1.7 billion) in July. This was their highest outflow since October 2018.

Nearly a quarter of listed stocks on the BSE trade below face value

Nearly a quarter of listed stocks on the BSE trade below face value

Rediff.com   30 Jul 2019

Over the past one-and-half years, the number of stocks trading below their respective face value has increased 29 per cent after a sharp correction in stocks of small-cap companies.

MDs on 'forced' leave, but its business as usual for ICRA and Care Ratings

MDs on 'forced' leave, but its business as usual for ICRA and Care Ratings

Rediff.com   26 Jul 2019

The reason for both the officials being sent on leave is the same - an anonymous complaint received by the market regulator against the agency.

Falling car sales reflects in Nifty Auto's 3-year low

Falling car sales reflects in Nifty Auto's 3-year low

Rediff.com   20 Jul 2019

An analysis of past 20 years' demand cycles done by Edelweiss Securities indicates that the auto sector is currently in the middle of a down cycle. Volume recovery, they say, is unlikely to be as sharp as in the past, unless there is strong fiscal support.

Mid- and small-cap stock indices not yet out of the woods

Mid- and small-cap stock indices not yet out of the woods

Rediff.com   10 Jul 2019

The proposal to increase public float, hike income tax surcharge, move to tax share buybacks and lack of stimulus to shore up economic growth has hurt investor sentiment.

Anil Ambani's RInfra staring at yet another legal hurdle

Anil Ambani's RInfra staring at yet another legal hurdle

Rediff.com   9 Jul 2019

RInfra's plan to lease out headquarters property may face legal hurdle. Moreover, PE players with balance sheets that can take on Reliance Centre Office in Santacruz would be limited and include a handful of players such as Blackstone group, GIC, Brookfield Asset Management and Maplewood Investments.

Anil Ambani on why there's sharp fall in his group firm shares

Anil Ambani on why there's sharp fall in his group firm shares

Rediff.com   19 Jun 2019

He said unwarranted rumour-mongering, speculation, and bear hammering of all Reliance Group companies shares over the last few weeks had caused grave damage to all our stakeholders.

FPIs pumped in nearly $11 bn in equity markets till May

FPIs pumped in nearly $11 bn in equity markets till May

Rediff.com   5 Jun 2019

Foreign investors, according to them, will now wait-and-watch how the economy takes shape in the backdrop of doubts over monsoon, interest rate trajectory and other global events such as the US - China trade war.

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.

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.

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.

'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.

Primary market off to best start in 3 years

Primary market off to best start in 3 years

Rediff.com   11 Apr 2019

Going ahead, experts say, the fundraising trend in the primary market will depend on how the secondary market performs against the backdrop of the outcome of general elections and global cues.

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.

More pain ahead for mid, small-cap indices

More pain ahead for mid, small-cap indices

Rediff.com   30 Jan 2019

The underperformance comes amid liquidity concerns in the non-banking finance companies space and Essel Group default news.

Markets unlikely to see any pre-interim Budget rally

Markets unlikely to see any pre-interim Budget rally

Rediff.com   25 Jan 2019

The government is expected to dole out some populist policies, especially for the rural / farm sector while presenting the interim budget, given that the country is heading towards general elections over the next few months.

Special 26: These stocks outperformed markets for 5 years

Special 26: These stocks outperformed markets for 5 years

Rediff.com   17 Jan 2019

Of these 26, Bajaj Finance, Associated Alcohols and Breweries, Garware Technologies, Filatex India, Tasty Bite Eatables, Aarti Industries and GMM Pfaudler saw an over 10-fold surge in price since 2014.