Amritha Pillay

All stories by Amritha Pillay

Why did Mukesh Ambani's aide pledge 94% of RIL shares?

Why did Mukesh Ambani's aide pledge 94% of RIL shares?

Rediff.com30 Jul 2020

In a curious move, Reliance Industries' (RIL) executive director and Mukesh Ambani's trusted aide PMS Prasad pledged 600,000 shares of the company last month, which is 93.75 per cent of the total shares he owns in RIL. Prasad owned a total of 640,000 RIL shares and his compensation stood at Rs 11.15 crore in FY20.

L&T board members take pay cut of up to 53%

L&T board members take pay cut of up to 53%

Rediff.com21 Jul 2020

Chairman A M Naik said H2 of 2020-21 will herald better economic and business activity in terms of tendering, good liquidity, as well as revival of labour and supply chains.

Explained: How Chinese firms won some of India's recent PSU tenders

Explained: How Chinese firms won some of India's recent PSU tenders

Rediff.com13 Jul 2020

India's sourcing from China may not necessarily be for cost-effectiveness alone but also for the lack of domestic qualified bidders, technology or other know-how.

Are signs of green shoots in economy really visible?

Are signs of green shoots in economy really visible?

Rediff.com9 Jul 2020

While seven companies bagged orders worth Rs 42,000 crore, industry experts said most of this new order activity was a spillover, and fresh project finalisation remains weak.

'Defence is a permanent start-up'

'Defence is a permanent start-up'

Rediff.com19 Jun 2020

'India should take up defence manufacturing in a more serious manner and encourage greater private participation.'

As demand soars, IOC cranks up refinery runs to over 80%

As demand soars, IOC cranks up refinery runs to over 80%

Rediff.com11 Jun 2020

The demand for black oils and specialty products like fuel oil, bitumen, petcoke and sulphur has also shown marked improvement, facilitating increase of refineries throughput.

Curious case of 171 Mumbai scribes recovering after testing positive

Curious case of 171 Mumbai scribes recovering after testing positive

Rediff.com29 Apr 2020

Of the 171 Mumbai scribes tested on April 15, 53 tested positive on April 20. Of the 53 tested positive, 31 were treated and discharged on April 26. A large number of positive cases and later a quick recovery within less than a week have baffled many. Amritha Pillay reports.

How RIL plans to become zero net debt company

How RIL plans to become zero net debt company

Rediff.com28 Apr 2020

RIL's debt stood at Rs 3.06 trillion as of December 2019, against Rs 2.87 trillion in March 2019.

India Inc gears up for life after lockdown

India Inc gears up for life after lockdown

Rediff.com11 Apr 2020

Experts say the focus is on preserving liquidity as there is uncertainty over the duration and impact of the 21-day nationwide lockdown imposed to check the spread of COVID-19.

Most Indians not comfortable with woman as CEO

Most Indians not comfortable with woman as CEO

Rediff.com27 Feb 2020

In India, 39 per cent of the sample of a survey said 'very comfortable' for a woman heading the government, higher than 34 per cent who replied with 'very comfortable' for a woman heading a company. However, men are less accepting of such appointments.

RIL, BP shut down D1/D3 gas field in KG-D6 block

RIL, BP shut down D1/D3 gas field in KG-D6 block

Rediff.com4 Feb 2020

The fields were India's first deepwater gas field, which started production in April 2009. The fields were expected to cease production in 2015.

Investors could find BPCL's work culture delightful

Investors could find BPCL's work culture delightful

Rediff.com11 Jan 2020

'BPCL has always been spoken about as a multinational company though it is State-run... this sets our work culture also apart.'

Adani Power looks at debt refinance to reduce cost

Adani Power looks at debt refinance to reduce cost

Rediff.com14 Dec 2019

Adani Power expects to reduce its annual interest cost to Rs 1,900 crore, from the current Rs 3,800 crore through low cost funding.

Infra developers in wait and watch mode in new Uddhav-led coalition govt

Infra developers in wait and watch mode in new Uddhav-led coalition govt

Rediff.com4 Dec 2019

Shiv Sena has so far expressed concerns over car shed for the city's planned metro network, the bullet train and the West Coast refinery projects.

Refining margins may boost RIL's earnings

Refining margins may boost RIL's earnings

Rediff.com16 Oct 2019

10 analysts estimated RIL's consolidated net profit at Rs 11,256 crore and nine analysts estimated revenue at Rs 1.5 trillion.

Gautam Thapar, three others banned from markets over CG Power fraud

Gautam Thapar, three others banned from markets over CG Power fraud

Rediff.com18 Sep 2019

Sebi said Thapar-promoted and -related entities owed Rs 1,723.19 crore as receivables to the company, while connected parties owed another Rs 462.74 crore.

Credit Suisse downgrades RIL to underperform

Credit Suisse downgrades RIL to underperform

Rediff.com6 Aug 2019

The brokerage reduced its target price for the company to Rs 995 per share from Rs 1,350 apiece. Credit Suisse said RIL's liabilities increased from $19 billion to $65 billion in four years.

RIL looks to revive upstream biz

RIL looks to revive upstream biz

Rediff.com5 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.

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.com26 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.

Why infra firms in Andhra are staring at a bleak future

Why infra firms in Andhra are staring at a bleak future

Rediff.com4 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.com30 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.com1 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.com29 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.com23 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.com20 Apr 2019

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

Private investment revival pushed to 2019

Private investment revival pushed to 2019

Rediff.com13 Nov 2018

The return of private investment now struggles with lack of funds and election-driven uncertainty.

High fuel prices: OMCs may also be hit next quarter

High fuel prices: OMCs may also be hit next quarter

Rediff.com10 Sep 2018

In the next quarter, the country will also start gearing up for various Assembly elections could put the government as well as the OMCs under pressure

Anil Ambani's RInfra completes sale of Mumbai power assets biz to Adani

Anil Ambani's RInfra completes sale of Mumbai power assets biz to Adani

Rediff.com30 Aug 2018

The deal includes Reliance Infrastructure's integrated business of Generation, Transmission and Retail Electricity Distribution

Mukesh Ambani plans his next disruption; this time as a buyer

Mukesh Ambani plans his next disruption; this time as a buyer

Rediff.com28 Aug 2018

With RIL supplying about 47 per cent of the domestic petcoke production, current dynamics are bound to change.

L&T okays Rs 9,000 crore buyback offer, its first in 80 years

L&T okays Rs 9,000 crore buyback offer, its first in 80 years

Rediff.com24 Aug 2018

According to current regulations, a company's buyback offer size cannot exceed 25 per cent of its paid up capital plus reserves

Anil Ambani's RPower wins coal mine case in Indonesia

Anil Ambani's RPower wins coal mine case in Indonesia

Rediff.com24 Aug 2018

In 2010, R Power acquired 100 per cent economic interest in three coal mining concessions in Indonesia

Was India at all ready for monorail?

Was India at all ready for monorail?

Rediff.com25 Jul 2018

Mumbai Monorail was to be built in two phases - Phase I of 8.93 km and Phase II of 11.20 km. The first phase ran operations for around three years before services were abruptly halted, owing to a fire incident last year. The second phase now stands completed, but is lying closed.

Mumbai bridge collapse exposes its poor infrastructure

Mumbai bridge collapse exposes its poor infrastructure

Rediff.com4 Jul 2018

Tuesday's bridge collapse once again puts the spotlight on the city's urban infrastructure and a dire need for its development.

Land acquisition a major hurdle for India's infra, energy sectors

Land acquisition a major hurdle for India's infra, energy sectors

Rediff.com10 May 2018

According to data shared with the Lok Sabha, 19 road projects awarded after May 2014 were facing delays

'Fuel at Doorstep' remains a distant dream for retail users

'Fuel at Doorstep' remains a distant dream for retail users

Rediff.com10 May 2018

The permission right now is for delivery only for stationary usage. This limits the service to those who operate units like diesel generation sets.

How Nirma plans to 'cement' its marketshare via IPL

How Nirma plans to 'cement' its marketshare via IPL

Rediff.com28 Apr 2018

Nirma has jumped into the ongoing cricket spectacle - IPL - as the principal sponsor for the Virat Kohli-led Royal Challengers Bangalore to raise awareness and recognition for the cement brands it acquired after its purchase of the erstwhile Lafarge India's assets in 2016

India Inc shops abroad for cheaper coal

India Inc shops abroad for cheaper coal

Rediff.com12 Feb 2018

Between 2007-08 and 2017-18, the number of countries they imported steam coal from has increased from six to 12.

Road construction companies go hi-tech; plan to use robotic flagmen

Road construction companies go hi-tech; plan to use robotic flagmen

Rediff.com24 Jan 2018

The use of such robots can not only save lives but can also help road construction companies cut down on labour costs.

BJP back in Gujarat a positive for Tata, Adani power plants

BJP back in Gujarat a positive for Tata, Adani power plants

Rediff.com31 Dec 2017

The negotiations for a bail-out of the two plants could see continuity though a weakened BJP majority is a cause of concern among analysts, says Amritha Pillay.

RInfra will soon be debt-free at standalone level

RInfra will soon be debt-free at standalone level

Rediff.com22 Dec 2017

The company will now focus on value creation for shareholders in the defence and construction businesses.

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