Dev Chatterjee

All stories by Dev Chatterjee

Jet Air lenders likely to write off up to 25% of loans

Jet Air lenders likely to write off up to 25% of loans

Rediff.com18 Jan 2019

Under the resolution plan, the lenders would end up having a sizable portion of shares in the airline, if their boards of directors agree to convert part of their debt into equity.

All you want to know about Angel tax

All you want to know about Angel tax

Rediff.com15 Jan 2019

What is worrying is that this year, angel investments and seed funding deals have fallen by 40 per cent, ringing alarm bells in the start-up community in India.

Wadias to continue legal battle for Jinnah House

Wadias to continue legal battle for Jinnah House

Rediff.com14 Jan 2019

Dina Wadia, Jinnah's only daughter and Nusli Wadia's late mother, moved the high court in 2007 to regain control of the estate.

Why Kumar Mangalam Birla is the undisputed king of India's cement sector

Why Kumar Mangalam Birla is the undisputed king of India's cement sector

Rediff.com4 Dec 2018

The acquisition of the debt-laden Binani has catapulted Birla-owned UltraTech to the top spot in India, leaving it free to turn attention to overseas market

Anil Ambani inducts younger son into RInfra board

Anil Ambani inducts younger son into RInfra board

Rediff.com26 Nov 2018

According to insiders, the induction of Jai Anshul would coincide with the birthday of the late patriarch of Reliance group, Dhirubhai Ambani, in the last week of December.

Loans of IL&FS arm gets red-flagged by auditor

Loans of IL&FS arm gets red-flagged by auditor

Rediff.com17 Oct 2018

Based on internal evaluation and legal opinion, the management was of the opinion that the company has the ability to ultimately recover the aforesaid ICDs

IL&FS requires Rs 30,000 crore to get back in business

IL&FS requires Rs 30,000 crore to get back in business

Rediff.com5 Oct 2018

Will have to take impairment of Rs 15,000 crore before recovering a single rupee from its arms

Aditya Birla, US firm Vrde Partners in $1-billion JV for stressed assets

Aditya Birla, US firm Vrde Partners in $1-billion JV for stressed assets

Rediff.com30 Aug 2018

Vrde currently manages about $14 billion globally, and has invested nearly $500 million in India in the past five years

Adani group, RIL, Tata lead race to buy bankrupt firms

Adani group, RIL, Tata lead race to buy bankrupt firms

Rediff.com29 Aug 2018

Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.

The UK businessman saving Indian companies from insolvency

The UK businessman saving Indian companies from insolvency

Rediff.com12 May 2018

Sanjeev Gupta of Liberty House, a global supplier of metals and engineering solutions, who has emerged front-runner for a number of stressed companies, plans to fund a string of companies through a mix of equity and debt.

Tata Sons asks Sivasankaran to pay back Rs 700 crore loan

Tata Sons asks Sivasankaran to pay back Rs 700 crore loan

Rediff.com9 May 2018

Siva group defaulted on payment in 2016 and is also facing CBI investigation

Company set up by Kochhar bros failed to repay Rs 30 crore loans

Company set up by Kochhar bros failed to repay Rs 30 crore loans

Rediff.com19 Apr 2018

Kochhar brothers stepped down from the board of Credential Finance by 2009. While Deepak Kochhar started NuPower Renewables, Rajiv set up Avista Advisory Group

Rajiv Kochhar's Avista Advisory earned Rs 300 crore in the last four years

Rajiv Kochhar's Avista Advisory earned Rs 300 crore in the last four years

Rediff.com18 Apr 2018

Avista helped some companies restructure their debt in such a way that overseas investors had to take a steep haircut

Deepak Kochhar, the man in the muddle

Deepak Kochhar, the man in the muddle

Rediff.com10 Apr 2018

How Chanda Kochhar and her husband Deepak Kochhar find themselves in a huge controversy.

Deepak Kochhar, the man in the muddle

Deepak Kochhar, the man in the muddle

Rediff.com10 Apr 2018

How Chanda Kochhar and her husband Deepak Kochhar find themselves in a huge controversy.

Videocon paid ICICI Bank dues worth Rs 1000 cr till Dec last year

Videocon paid ICICI Bank dues worth Rs 1000 cr till Dec last year

Rediff.com6 Apr 2018

NuPower will return loan with interest to consumer durables major by 2021

Insolvency: Uttam Galva seeks 50% haircut. Will SBI oblige?

Insolvency: Uttam Galva seeks 50% haircut. Will SBI oblige?

Rediff.com19 Mar 2018

Uttam Galva Steels is a part of the Reserve Bank of India's second list of cases, which will be referred to the bankruptcy tribunal for insolvency proceedings after lenders failed to resolve the account by December 2017.

PNB scam: Bank ignored auditors' warning

PNB scam: Bank ignored auditors' warning

Rediff.com28 Feb 2018

The banks also received a warning from the rating agency Care, in February 2016, after Firestar's financials deteriorated.

Bidders for stressed assets seek level playing field

Bidders for stressed assets seek level playing field

Rediff.com16 Feb 2018

The code says the process is intended to balance the interests of all stakeholders and the resolution plan is also required to make a statement as to how it has dealt with these interests.

India's Super Rich got richer in 2017

India's Super Rich got richer in 2017

Rediff.com8 Jan 2018

Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.

India Inc's new investment proposals down to 13-yr low in Q3

India Inc's new investment proposals down to 13-yr low in Q3

Rediff.com2 Jan 2018

Companies announce Rs 768 bn worth investments in Dec quarter versus Rs 1.15 trn in Sep quarter

Modi may now focus on reforms; give sops to taxpayers

Modi may now focus on reforms; give sops to taxpayers

Rediff.com19 Dec 2017

CEOs expect populist measures in the Budget, to help the poor and marginalised, who make up for the largest section of voters.

RCom's cup of woes spills over

RCom's cup of woes spills over

Rediff.com28 Nov 2017

China Development Bank takes Reliance Communications to NCLT over loan default

India Inc's foreign borrowings down 40%

India Inc's foreign borrowings down 40%

Rediff.com9 Nov 2017

No new capacity addition is planned for 2018 and capital expenditure plans are on hold

How Piramal Group plans to spread its wings

How Piramal Group plans to spread its wings

Rediff.com3 Nov 2017

Piramal will join the JSW, Vedanta and Tata groups, which are bidding aggressively for distressed assets, especially in the infrastructure and steel sectors.

How Corporate India tackled DeMo challenges

How Corporate India tackled DeMo challenges

Rediff.com25 Oct 2017

The corporate sector took production cuts, conducted inventory management and reduced staff to meet challenges following the govt's note ban decision

Tata Sons to invest Rs 2,000 crore more in telecom arm

Tata Sons to invest Rs 2,000 crore more in telecom arm

Rediff.com3 May 2017

Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis

Vodafone chief: 'You always talk about Jio, what about Airtel?'

Vodafone chief: 'You always talk about Jio, what about Airtel?'

Rediff.com3 Apr 2017

After their merger Vodafone Group CEO, Vittorio Colao says India is not a Jio market alone. Aditya Birla Group CEO, Kumar Mangalam Birla says Vodafone is dominant in metro cities, while Idea is a big player in urban, semi-urban markets.

BPCL, ONGC pip Reliance in overseas fundraising

BPCL, ONGC pip Reliance in overseas fundraising

Rediff.com31 Mar 2017

BPCL and ONGC raised $4.9 billion in 2016-17 against $1.65 billion raised by Reliance

Will independent directors back Cyrus in other Tata cos?

Will independent directors back Cyrus in other Tata cos?

Rediff.com7 Nov 2016

The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.

'Mistry brought biggest turnaround in Indian corporate history'

'Mistry brought biggest turnaround in Indian corporate history'

Rediff.com7 Nov 2016

Cyrus Mistry had put in place a strategy that would have pulled most of the Tata group's 'legacy hotspots' out of the financial mess from legacy issues and helped turn around the group's finances.

'Tata Motors board had concerns on Nano'

'Tata Motors board had concerns on Nano'

Rediff.com3 Nov 2016

"After sinking in Rs 6,000-7,000 crore in the Nano till date, what is the result?"

Cyrus Mistry's Vision 2025 scrapped

Cyrus Mistry's Vision 2025 scrapped

Rediff.com26 Oct 2016

The plan was to sell off non-profitable businesses apart from focusing on four verticals: real estate, defence, financial services and retail

Brick-and-mortar billionaires back on Forbes rich list

Brick-and-mortar billionaires back on Forbes rich list

Rediff.com20 Oct 2016

Top 100 billionaires see their wealth rise 10%; top 20 account for half of total wealth of top 100.

India Inc asset sales peak in 2016, Essar tops list

India Inc asset sales peak in 2016, Essar tops list

Rediff.com18 Oct 2016

The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group

Rosneft, two others to buy out Ruias from Essar Oil

Rosneft, two others to buy out Ruias from Essar Oil

Rediff.com14 Oct 2016

At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.

India Inc bets big as Indian consumers spend more

India Inc bets big as Indian consumers spend more

Rediff.com13 Oct 2016

Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers, says Dev Chatterjee.

Will Vishal Kampani become India Inc's best friend?

Will Vishal Kampani become India Inc's best friend?

Rediff.com5 Aug 2016

Vishal Kampani has big shoes to fill as his father is close to the Ambanis, the Wadias and the Ruias, says Dev Chatterjee.

India Inc unprepared for GST roll-out

India Inc unprepared for GST roll-out

Rediff.com4 Aug 2016

A GST roll-out by April 1 looks difficult, giving the companies some succour.

India's top investment banker Nimesh Kampani passes baton to son

India's top investment banker Nimesh Kampani passes baton to son

Rediff.com3 Aug 2016

Vishal Kampani said one of the important lessons he learnt from his father was to be humble.

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