All stories by Dev Chatterjee
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.
India Inc's deal activity at 6-year lowRediff.com28 Jul 2020
Reliance Industries, which sold stake worth $21.7 billion in Jio Platforms, kept the league tables moving in spite of the pandemic.
Ratan Tata to India Inc on layoffs: 'Your definition of ethics?'Rediff.com24 Jul 2020
'These are the people that have worked for you. These are the people who have served you all their careers. You send them out to live in the rain. Is that your definition of ethics when you treat your labour force that way?' the titan asks.
Debt resolution process: Bankers fret over spike in consultants' billsRediff.com20 Jul 2020
Bankers say debt resolution bills are coming high as resolution professionals are giving the human resources and audit/legal consulting to outside firms to plug all the loopholes.
GVK default may singe group firmsRediff.com13 Jul 2020
The rating was downgraded despite 25 per cent held by stronger partner Indian Hotels, which operates the company's seven properties in India.
Expertspeak: How Hinduja fracas can be resolvedRediff.com3 Jul 2020
While the Hinduja brothers - Gopichand, Prakash, and Ashok Hinduja - did not indicate any move to begin talks with Vinoo Hinduja, top Indian lawyers said mediation would help both sides considering that the letter signed by the four brothers cannot trump other legal documents and challenge the validity of a registered will of SP Hinduja.
Chinese banks face SBI hurdle in recovering Anil Ambani duesRediff.com13 Jun 2020
With the State Bank of India moving the National Company Law Tribunal's Delhi bench to enforce the personal guarantees of Ambani, it will delay the recovery of dues by the Chinese banks which won a UK court order in May this year.
Google's Rs 836 crore lifeline for Vodafone IdeaRediff.com29 May 2020
Though Google's investment is minuscule and will not move the needle, it will attract other investors to the company and be a morale booster. Pursuing Vodafone Idea would potentially pit Google against Facebook and an increasingly dominant Jio.
COVID-19: India Inc asks RBI for one-time loan recastRediff.com21 Apr 2020
The one-time restructuring of loans will help every firm and prevent cost-cutting measures such as lay-offs.
Weak Rs to make India Inc's foreign debt repayment costlyRediff.com15 Apr 2020
RBI is expecting the rupee to stay close to Rs 75 to a dollar, as COVID-19 forces foreign funds to withdraw from emerging markets.
India's retail king in BIG troubleRediff.com9 Apr 2020
Though Kishore Biyani is selling stakes in group companies to pay off debt, a significant share price crash since January this year is making his task difficult.
Rupee crash, Covid-19 to make India Inc's overseas debt repayments costlierRediff.com21 Mar 2020
Indian companies will have to repay overseas debt worth $7.5 billion in the June quarter.
Voda Idea to pay AGR dues, but may not be able to go onRediff.com16 Feb 2020
Vodafone Idea, which reported a loss of Rs 6,439 crore in the December quarter, said it had received letters from the department of telecommunications (DoT) directing immediate payment of dues amounting to Rs 54,000 crores after the SC judgment. "The company is currently assessing the amount that it will be able to pay to DoT towards the dues calculated based on AGR, as interpreted by the Supreme Court in its order dated October 24, 2019. The company proposes to pay the amount so assessed in the next few days," it stated.
Corporate tax growth of 12% for FY21 'unrealistic'Rediff.com3 Feb 2020
The increased tax target comes at a time when consumer spending and sales growth are slowing down and most companies are not investing in new capacities.
Globalisation is making way for 'slowbalisation': BirlaRediff.com15 Jan 2020
'While the march of globalisation is perhaps inevitable, what is certain is that the world is no longer flat as, the emerging pattern of trade is more regional. 'This new trend of 'slowbalisation' raises some questions that challenge conventional wisdom on how businesses should distribute their capacities,' Birla said.
SBI, other PSBs to lend Rs 4,000 cr to Patanjali for Ruchi Soya acquisitionRediff.com17 Dec 2019
SBI and other public sector banks have decided to lend Rs 4,000 crore to Patanjali Ayurved for the acquisition of Ruchi Soya, which was facing bankruptcy proceedings under the Insolvency and Bankruptcy Code. The money lent by banks will help the PSBs to settle their exposure to Ruchi Soya with a haircut of 65 per cent. Banks led by SBI and others had earlier made claims of over Rs 12,146 crore against Ruchi Soya after the company failed to repay its loans.