Dev Chatterjee, Aneesh Phadnis And Shine Jacob

Stories by Dev Chatterjee, Aneesh Phadnis And Shine Jacob

Patanjali's Rs 4,000-cr loan: Another big headache for banks

Patanjali's Rs 4,000-cr loan: Another big headache for banks

Rediff.com   6 Nov 2019

Despite sanctioning the loans, bankers are worried whether to disburse the loan because of absence of an investment grade rating.

India's economic slowdown will reverse in coming quarters: Mukesh Ambani

India's economic slowdown will reverse in coming quarters: Mukesh Ambani

Rediff.com   30 Oct 2019

Mukesh Ambani, who is in talks with Saudi Arabian oil giant Aramco to sell one-fifth of his oil-to-chemicals business in India for $ 15 billion, said the two countries have all factors to drive growth - technology, young demography, and leadership.

India issues advisory against travel to Turkey

India issues advisory against travel to Turkey

Rediff.com   24 Oct 2019

The advisory was issued by the Indian embassy in Ankara on Tuesday against the backdrop of strained India-Turkey relations and Turkey's offensive against Kurdish rebels in Syria.

Cleartrip, Taj Hotels to spread wings in West Asia

Cleartrip, Taj Hotels to spread wings in West Asia

Rediff.com   23 Oct 2019

Cleartrip acquired Saudi travel firm Flyin last July and it provides bilingual ground support service and itineraries for inbound tourists.

DGCA error forced Pak F-16s to intercept SpiceJet flight

DGCA error forced Pak F-16s to intercept SpiceJet flight

Rediff.com   19 Oct 2019

The DGCA official who wrongly assigned the code of Antonov AN-32 -- an aircraft used by the IAF -- to the SpiceJet aircraft has been suspended, report Arindam Majumder and Aneesh Phadnis.

Subsidy on kerosene likely to go by FY21

Subsidy on kerosene likely to go by FY21

Rediff.com   15 Oct 2019

A major reason for the decline in the consumption of kerosene was an increase in the number of LPG consumers in rural India after the government launched the Pradhan Mantri Ujjwala Yojana. in 2016.

How brands are fighting back as global crises hit home

How brands are fighting back as global crises hit home

Rediff.com   15 Oct 2019

Trust today means more than the belief that a brands' products will work as advertised; consumers want to believe that the company truly cares for its customers.

How Saudi terror attack has hit Indian kitchens

How Saudi terror attack has hit Indian kitchens

Rediff.com   4 Oct 2019

A shortfall in LPG supply from Aramco has led to huge booking backlog across states. To meet the backlog, India has asked Abu Dhabi National Oil Company for two additional cargos of LPG, but that may take another 10 days to reach.

PMC Bank chairman's HDIL link runs really deep

PMC Bank chairman's HDIL link runs really deep

Rediff.com   4 Oct 2019

While Waryam Singh was a non-executive director at HDIL, he is listed as one of the promoters of the company and had relations, including shareholding, with several other entities controlled by the Wadhawans, the HDIL founders.

Is India's LNG deal with US a risky affair?

Is India's LNG deal with US a risky affair?

Rediff.com   3 Oct 2019

Majority of PLL's long-term deals are linked to crude, which faces price challenge from other fuels. Spot LNG is moving away from this linkage, which puts a question mark on crude linked contracts.

India wakes up to rogue drone threat after Saudi attack

India wakes up to rogue drone threat after Saudi attack

Rediff.com   25 Sep 2019

While the Saudi drone strike has put the focus back on anti-drone measures, caution also stems from the fact that India has a number of large oil refining assets close to India-Pakistan border.

Why Goa hotels may be forced to cut rates

Why Goa hotels may be forced to cut rates

Rediff.com   24 Sep 2019

The company operated chartered flights from London Gatwick and Manchester airports to Goa between November and March and its closure will adversely impact local tourism.

Saudi oil crisis: Logistics cost a concern as India looks to Russia, US

Saudi oil crisis: Logistics cost a concern as India looks to Russia, US

Rediff.com   20 Sep 2019

On Tuesday, Petroleum Minister Dharmendra Pradhan met Russian oil giant Rosneft's chief executive officer Igor Sechin and discussed raising crude imports from that country, in addition to talks about going for more acquisitions.

Should BMW buy JLR from Tata Motors?

Should BMW buy JLR from Tata Motors?

Rediff.com   19 Sep 2019

BMW is over-capitalised and is awash with cash and it could quickly lower JLR's investment costs and raise margins by leveraging its own platforms, powertrains, purchasing scale and quality control.

Robots can make Raebareli rail unit world's largest coach factory

Robots can make Raebareli rail unit world's largest coach factory

Rediff.com   19 Sep 2019

Robots are now being used increasingly in the integrated-shell assembly line and robotic bogie-fabrication line. The unit may soon see its phase-II expansion, which will increase its capacity to 2,000 coaches.

Flights may cost more thanks to Saudi oil crisis

Flights may cost more thanks to Saudi oil crisis

Rediff.com   17 Sep 2019

The national carrier, which is already struggling with its fuel payments, spends Rs 6,000-7,000 crore annually on fuel. A 10 per cent hike in crude price would mean over Rs 50-58 crore of extra costs for the airline.

Yet another sign that economy is in bad shape

Yet another sign that economy is in bad shape

Rediff.com   11 Sep 2019

India Inc's investment project announcement falls to Rs 11.3 trillion. In the coming months, the pace of investments would depend on how soon consumption demand picks up and private sector investment ramps up investment in infrastructure.

Railways mulls private-run trains in the Delhi-Mumbai and Delhi-Howrah stretches

Railways mulls private-run trains in the Delhi-Mumbai and Delhi-Howrah stretches

Rediff.com   10 Sep 2019

On these routes, the train speed would also be increased to above 160 kmph over the next four or five years by revamping the entire signaling, tracks and fencing.

With more seats, IndiGo pips Air India on international routes

With more seats, IndiGo pips Air India on international routes

Rediff.com   9 Sep 2019

While IndiGo had 11.8 per cent of all the international seats to and fro India in the last week of August, Air India's seat share was 11.4 per cent. Emirates came third with 8.1 per cent, and rest of the airlines constituted 68 per cent of the seat share.

Now, Indian Railway is going the EV way

Now, Indian Railway is going the EV way

Rediff.com   3 Sep 2019

Railways is testing waters for locomotives to run on lithium-ion batteries, the most common ones used in electric vehicles.