Dev Chatterjee, Aneesh Phadnis And Shine Jacob

Stories by Dev Chatterjee, Aneesh Phadnis And Shine Jacob

India Inc goes slow on rupee bonds, eyes international market

India Inc goes slow on rupee bonds, eyes international market

Rediff.com   15 Mar 2021

Indian corporate are fast tapping the international bonds market to raise funds for their operational expenses even as they reduce their presence in the rupee bond market. As bonds are costlier for companies and investors are more sceptical than the banks, chief financial officers say they are looking at other avenues for raising funds in the coming months as dollar bond rates are lower in the range of 100 to 250 basis points. "For corporate with reasonable credit quality, the Indian bond market has become less of an option from a cost point of view. "In addition, conditions imposed in the Indian bond market by investors post Franklin episode have also become very onerous," said Prabal Banerjee, president-finance of Bajaj group. "Hence very few corporate are looking at the local bond market for resource mobilisation, since both, bank loans and the overseas bond markets are much more attractive," he said.

'Cyber attacks meant to smear India's reputation'

'Cyber attacks meant to smear India's reputation'

Rediff.com   9 Mar 2021

'The hackers' objectives were centred around smearing India's reputation, causing productivity loss, creating operational damage and seeking financial gains.'

Jet Airways cannot claim historical right on airport slots: Govt to NCLT

Jet Airways cannot claim historical right on airport slots: Govt to NCLT

Rediff.com   9 Mar 2021

The ministry and the civil aviation regulator have said the government will consider the airline's request for slots as per existing policy.

Canadian plane maker De Havilland wins $43 mn claim against SpiceJet

Canadian plane maker De Havilland wins $43 mn claim against SpiceJet

Rediff.com   8 Mar 2021

The bone of contention between the two sides relates to changes in the purchase terms.

Jio's new offer dampens tariff hike talk, adds to Vi's worries

Jio's new offer dampens tariff hike talk, adds to Vi's worries

Rediff.com   2 Mar 2021

The new offer is part of its strategy to turn India to an exclusively 4G market.

Covid curbs hit flights, airlines see 10% drop in bookings

Covid curbs hit flights, airlines see 10% drop in bookings

Rediff.com   27 Feb 2021

Sources at Mumbai airport said seat occupancy has declined from around 70-72 per cent to 60-64 per cent in last three-four days as passengers are postponing or cancelling trips.

As Covid cases rise again, states impose restrictions

As Covid cases rise again, states impose restrictions

Rediff.com   26 Feb 2021

Here's what some states are doing to get a grip on the situation. Ruchika Chitravanshi & Aneesh Phadnis report

What Adani is doing to prevent Mumbai's power outage

What Adani is doing to prevent Mumbai's power outage

Rediff.com   26 Feb 2021

'We are working in association with the state government and other transmission companies to make sure that the city never experiences blackouts'

Trading glitch: Sebi, FinMin seek detailed report from NSE

Trading glitch: Sebi, FinMin seek detailed report from NSE

Rediff.com   25 Feb 2021

The exchange cited issues with its telecom service providers that prevented stocks and index quotations from getting updated.

Maharashtra's ultimatum to GM's union, management

Maharashtra's ultimatum to GM's union, management

Rediff.com   24 Feb 2021

Maharashtra's Labour Minister Dilip Walse-Patil has sought a written submission from the General Motors' (GM) Employees Union and the management of the company detailing its stance on the issue of plant closure. The labour minister asked the warring sides for submission at a hearing on Tuesday. Both sides have been given a week's time to reply.

Production slumps in the powerloom hub of Bhiwandi

Production slumps in the powerloom hub of Bhiwandi

Rediff.com   23 Feb 2021

Hit hard by volatility in yarn prices, 50% of the looms said to be operating only 3-4 days a week.

Petition by employees of debt-laden Jet Airways rejected

Petition by employees of debt-laden Jet Airways rejected

Rediff.com   23 Feb 2021

A committee of creditors had, in October, approved of the resolution plan submitted by UAE businessman Murari Lal Jalan and Kalrock Capital.

Lodha's Macrotech seeks debt moratorium as sales tank 69%

Lodha's Macrotech seeks debt moratorium as sales tank 69%

Rediff.com   18 Feb 2021

The pandemic caused construction delays at its ongoing projects due to several factors such as lockdowns enforced by government agencies, work-stoppage orders, disruptions in the supply of materials and shortage of labour resulted in failure to meet development milestones.

Corporate air travel takes wing on economic revival

Corporate air travel takes wing on economic revival

Rediff.com   15 Feb 2021

Online travel portals and airlines say the demand from companies is being led by essential services sectors like pharmaceutical, oil and gas, and power.

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.

Ministry bats for coronavirus vaccines for aviation staff

Ministry bats for coronavirus vaccines for aviation staff

Rediff.com   25 Jan 2021

Railway employees including station masters, engine drivers, ticket checkers, etc too have been selected for vaccination and their list is being compiled for the exercise.

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.