Devidutta Tripathy And Nivedita Bhattacharjee

Stories by Devidutta Tripathy And Nivedita Bhattacharjee

Snapdeal to raise $600-$650 mn investment

Snapdeal to raise $600-$650 mn investment

Rediff.com   15 Oct 2014

Indian online retailers have been raising funds to expand and compete with bigger rival Amazon.com Inc as more Indians shop on the Internet.

Vodafone wins $490 mn tax dispute in India

Vodafone wins $490 mn tax dispute in India

Rediff.com   10 Oct 2014

A court ruled in favour of Vodafone on Friday in a long-running dispute with the Indian taxman, a boost for the British telecom group whose tax battles have been seen as emblematic of the troubles facing foreign investors in India.

Infosys sees future in new tech; investors cheer strategy shift

Infosys sees future in new tech; investors cheer strategy shift

Rediff.com   10 Oct 2014

Annualised staff attrition rate at Infosys rose to a record 20.1 per cent in the September quarter.

Former Infosys employee files new lawsuit seeking damages

Former Infosys employee files new lawsuit seeking damages

Rediff.com   3 Oct 2014

Palmer had previously tried to take Infosys to court, but his earlier case was dismissed .

Subrata Roy moved back to jail cell; office privileges withdrawn

Subrata Roy moved back to jail cell; office privileges withdrawn

Rediff.com   2 Oct 2014

The tycoon had been allowed to use an office, phone, internet connection and three secretaries.

Banks pile pressure on Mallya over airline loans

Banks pile pressure on Mallya over airline loans

Rediff.com   6 Sep 2014

Mallya, once known as the "King of Good Times" for his flamboyant lifestyle, has until Friday to appear before an IDBI committee to explain why he should not be declared a "wilful defaulter".

Sahara may mortgage iconic hotels to raise $1.7-billion bail for Roy

Sahara may mortgage iconic hotels to raise $1.7-billion bail for Roy

Rediff.com   5 Sep 2014

Roy and his associates were jailed in March after he failed to appear at a contempt hearing in the long-running dispute with the capital markets watchdog over the company's failure to repay billions of dollars to investors who were sold outlawed bonds.

Smartphone wars: Will Google's Android One dethrone Samsung?

Smartphone wars: Will Google's Android One dethrone Samsung?

Rediff.com   3 Sep 2014

The aim is a vast improvement in quality that would lead to a surge in demand for low-end Android phones

RBI to impose strict limit on corporate lending

RBI to impose strict limit on corporate lending

Rediff.com   22 Aug 2014

The Reserve Bank of India (RBI) plans to impose stricter limits on how much a bank can lend to a single corporate group, a move aimed at curbing risk in the banking sector at a time when bad loans are on the rise.

IDBI Bank says not being probed over Kingfisher loan

IDBI Bank says not being probed over Kingfisher loan

Rediff.com   12 Aug 2014

The CBI has launched an initial probe over the loan against both companies, a spokeswoman for the agency said on Saturday.

Piramal, Dutch fund tie up for $1 bn infra investment

Piramal, Dutch fund tie up for $1 bn infra investment

Rediff.com   30 Jul 2014

Piramal, controlled by billionaire Ajay Piramal, and APG will invest in local infrastructure companies through rupee-denominated mezzanine instruments.

China's Citic Telecom eyes undersea cable JV with Reliance Comm

China's Citic Telecom eyes undersea cable JV with Reliance Comm

Rediff.com   23 May 2014

If completed, the move would create a 50-50 joint venture valuing Reliance Communications' cable assets at $1 billion.

China's Citic Telecom eyes undersea cable JV with Reliance Comm

China's Citic Telecom eyes undersea cable JV with Reliance Comm

Rediff.com   22 May 2014

If completed, the 50-50 joint venture would value Reliance Communications' cable assets at $1 billion, the newspaper said, adding Citic Telecom beat out two other bidders from West Asia earlier this month.

Vodafone begins arbitration against India in tax dispute

Vodafone begins arbitration against India in tax dispute

Rediff.com   8 May 2014

The British mobile phone operator was widely expected to go for an international arbitration after its talks with the Indian government failed to find a solution last year.

India orders real time aircraft tracking after MH370 mystery

India orders real time aircraft tracking after MH370 mystery

Rediff.com   7 May 2014

The directives will apply to both passenger and cargo planes, the Directorate General of Civil Aviation said in a statement on Wednesday.

RCom to pull discounts as Q4 profit nearly halves

RCom to pull discounts as Q4 profit nearly halves

Rediff.com   5 May 2014

Mumbai-based Reliance Communications increased voice call prices by about a fifth late last month and also increased the base tariff for voice calls.

Court orders temporary halt on Sun Pharma's takeover of Ranbaxy

Court orders temporary halt on Sun Pharma's takeover of Ranbaxy

Rediff.com   1 May 2014

Two individuals filed the petition in the high court of Andhra Pradesh

Reliance Jio in tower leasing pact with Viom

Reliance Jio in tower leasing pact with Viom

Rediff.com   17 Mar 2014

The company has similar pact with Bharti Infratel.

Kingfisher to appeal against Karnataka HC order

Kingfisher to appeal against Karnataka HC order

Rediff.com   3 Feb 2014

India does not have a formal bankruptcy process. Liquidation pleas could take years before a final verdict.

Delhi power regulator nods up to 8% tariff hike

Delhi power regulator nods up to 8% tariff hike

Rediff.com   31 Jan 2014

The Delhi Electricity Regulatory Commission said the surcharge was for a period of three months from February 1 or until any further order.