All stories by Dev Chatterjee
Lodha's Macrotech seeks debt moratorium as sales tank 69%Rediff.com18 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.
Winners and losers amid the Covid-19 pandemicRediff.com5 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 PalaceRediff.com4 Feb 2021
The palace, currently run by JLR, will be offered to bidders on a long-term management contract.
Aditya Birla Fashion buys 51% stake in luxury designer brand SabyasachiRediff.com28 Jan 2021
How Piramal managed to outbid Oaktree, Adani for DHFLRediff.com24 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.
Kumar Mangalam Birla has a piece of advice for India Inc on future crisisRediff.com21 Jan 2021
While asking firms not to worry about sharp volatility in prices, Birla said companies must make sure they do not get caught in 'comorbidities'.
Budget should reduce income tax rates, invest in infrastructure: CEOs to FMRediff.com18 Jan 2021
Besides low interest rates, a reduction in active Covid cases and strong high-frequency macro data have lifted the sentiment of both corporate India and the stock markets.
Air India bid: US fund ready with war chest of 'billions'Rediff.com24 Dec 2020
For the AI bid, Interups has joined hands with a few employees of the airline, and plans to raise funds by splitting some of its infrastructure-related assets into an aviation InvIT, which will have underlying assets such as air routes, ground handling, repairs, and training etc.
Sale of Reliance Capital's assets gets resounding responseRediff.com3 Dec 2020
Blackstone, KKR, and Bain Capital, among others, are in the race for its general insurance arm, and Bandhan Bank, Bain, and Dabur Investments have shown interest for RCap's 51 per cent stake in the life insurance business.
Peeved Piramal says will quit race for DHFL over Adani's 11th-hour bidRediff.com17 Nov 2020
Adani, which had earlier bid only for the wholesale book, now want all of DHFL's assets and has pipped both Oaktree and Piramal by bidding higher than each of them.
Covid-19: Zero cash flows force India Inc to sell assetsRediff.com22 Oct 2020
Not just mid- and small-sized firms, even big ones will either sell group companies or stakes in their listed entities to tide over crisis; more sell-offs seen in coming months.
SBI Caps, JM Financial to sell Reliance Capital assetsRediff.com2 Oct 2020
The key assets put on the block include its entire stake in Reliance General Insurance Company, the third-largest private sector insurer, and a 49 per cent stake in Reliance Nippon Life Insurance, a joint venture with Nippon Life, which is among the top five private-sector insurance companies.
The real story behind Adani-Mumbai Airport dealRediff.com8 Sep 2020
What made the tide turn in favour of the Adani group was the Covid-19 pandemic, which shut down airports the world over, including Mumbai. There was no cash flow and the firm started defaulting on salaries July onwards.
RBI rejects BoB's plan to send Anil Ambani firms to NCLTRediff.com31 Aug 2020
The RBI rejection is a second blow to BoB - the lead bank of both companies -- after a Delhi high court order on August 18 stayed a move by BoB and the entire consortium of lenders to classify these accounts as fraud, restraining them from taking any other coercive action till the next hearing.
Biyani's Future board to meet on Sep 7 to decide on RIL offerRediff.com29 Aug 2020
According to the plan made by the lenders and RIL, all Future group listed companies will be merged into Future Enterprises. RIL will then invest Rs 8,500 crore in the merged entity which will include the retail business.
India Inc faces rough weather in overseas bizRediff.com24 Aug 2020
As global economies contract because of the Covid-19 pandemic, the focus of most of the India Inc has now moved back to the home market where demand is expected to pick substantially from the coming festival season.
India Inc's foreign loans fall 35%Rediff.com13 Aug 2020
Besides the pandemic that resulted in higher interest rates, the default by Future Retail has dealt a blow to investor sentiment.
Why Videocon is staring at liquidationRediff.com10 Aug 2020
Before the pandemic hit the world and led to shutdowns, the company had received nearly half a dozen offers. But bidders are now withdrawing. They want to reassess the situation. They want to conserve cash and avoid acquisition.
M&As to pick up once moratorium endsRediff.com10 Aug 2020
Several airlines, hotels, travel and tourism companies are expected to move their applications for one-time restructuring as soon as the moratorium ends.
Mukesh Ambani all set to buy Biyani's Future RetailRediff.com5 Aug 2020
There is immense pressure on Biyani to go ahead with the RIL offer after FRL defaulted on its interest payments of Rs 100 crore on July 22.