Archis Mohan, Abhijit Lele

Stories by Archis Mohan, Abhijit Lele

'2 years is fair time for companies to come out of pain'

'2 years is fair time for companies to come out of pain'

Rediff.com   17 Sep 2020

'The economy is expected to bounce back and things are expected to recover faster than what we previously thought.'

Why Amarinder backs Rahul to lead Congress

Why Amarinder backs Rahul to lead Congress

Rediff.com   15 Sep 2020

While it made sense for Capt Amarinder Singh to support the Gandhis since none of the 23 'rebels' had any mass base, the truce was important for his ambition to lead the party in the February 2022 state elections. Archis Mohan reports.

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.

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.

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.'

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.

Amid Raj crisis, Union minister to face credit scam probe

Amid Raj crisis, Union minister to face credit scam probe

Rediff.com   24 Jul 2020

Court orders probe into Union minister Gajendra Singh Shekhawat's role in a complaint linked to Sanjivani Credit Cooperative Society, in which thousands of investors allegedly lost Rs 900 crore a year ago.

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.

Parliament's monsoon session likely in September

Parliament's monsoon session likely in September

Rediff.com   4 Jul 2020

The plan involves the Rajya Sabha and Lok Sabha seating half of their members in their respective chambers, reports Archis Mohan.

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.

SARC & Associates appointed as auditors of PM CARES Fund

SARC & Associates appointed as auditors of PM CARES Fund

Rediff.com   13 Jun 2020

The firm, headed by Sunil Kumar Gupta, was appointed auditors of the PM's National Relief Fund in 2019, reports Archis Mohan

Social distancing throws spanner in holding monsoon session of Parliament

Social distancing throws spanner in holding monsoon session of Parliament

Rediff.com   10 Jun 2020

Officials have said the national capital lacked a convention centre big enough to seat so many MPs and adhere to social distancing norms. Additionally, holding a 'virtual session' looks slims as any change in the rules requires a motion to be carried in both the Houses of Parliament.

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.

'Centre takes decisions without consulting states'

'Centre takes decisions without consulting states'

Rediff.com   17 May 2020

'The spirit of cooperation between the Centre and states has been diluted in many ways.' 'The level of consultation which used to be there earlier has reduced significantly.'

Privatisation against national interest: RSS-backed union

Privatisation against national interest: RSS-backed union

Rediff.com   17 May 2020

The government was going in the "wrong direction" and it was "highly condemnable" that it did not discuss the proposed changes with trade unions and other stakeholders, says BMS, trade union arm of the RSS.

Centre likely to extend lockdown with more relaxations

Centre likely to extend lockdown with more relaxations

Rediff.com   12 May 2020

During his interaction with the chief ministers, Prime Minister Narendra Modi assured that more economic activities would resume; he also said that zone identification may be left to the states.