Manojit Saha And Aneesh Phadnis

Stories by Manojit Saha And Aneesh Phadnis

Modi era: Private banks grow; PSBs don't

Modi era: Private banks grow; PSBs don't

Rediff.com   28 Apr 2021

Since 2014, the public sector banks' branch network in rural and semi urban has grown by a mere 4,000 while for private sector banks, it doubled from 9,673 to 18,437.

Start-ups, venture capitalists offer funds to tackle Oxygen scarcity

Start-ups, venture capitalists offer funds to tackle Oxygen scarcity

Rediff.com   26 Apr 2021

Amid oxygen shortage and a faltering health system in the country, India is seeing over 300,000 cases daily.

'Father of banking reforms', M Narasimham, passes away

'Father of banking reforms', M Narasimham, passes away

Rediff.com   21 Apr 2021

New-generation private sector banks such as ICICI, HDFC, Axis, Kotak etcetera owe their existence to the recommendations of the first Narasimham Committee.

India's Sputnik V decision a win for Russia's soft power diplomacy

India's Sputnik V decision a win for Russia's soft power diplomacy

Rediff.com   20 Apr 2021

The Russian vaccine has been registered in more than 55 countries and is gaining recognition in the virtual world -- being the only to have its own Facebook page, YouTube channel and a Twitter handle, reports Aneesh Phadnis

Maha curfew: 50% factories may remain shut for next fortnight

Maha curfew: 50% factories may remain shut for next fortnight

Rediff.com   15 Apr 2021

According to the order, all factories producing essential goods and services will remain operational at full capacity.

Maharashtra traders body plans to defy Covid curbs, open stores

Maharashtra traders body plans to defy Covid curbs, open stores

Rediff.com   10 Apr 2021

'Traders have stocked up for upcoming festivals and will make a loss if stores remain shut now. We suffered last year. We can't suffer again. There is no scientific basis for closing all commercial establishments. How long will the government keep them shut?'

Infections rise in Nagpur with second wave

Infections rise in Nagpur with second wave

Rediff.com   10 Apr 2021

One reason for the surge in cases is the spread of infection at large weddings. Weddings turned out to be super spreaders.

Labs say capping RT-PCR rates is big blow to business

Labs say capping RT-PCR rates is big blow to business

Rediff.com   3 Apr 2021

'We urge the government to have discussions with private labs on the actual cost of running a test.'

Hotels and travel firms look for summer relief

Hotels and travel firms look for summer relief

Rediff.com   22 Mar 2021

Holidayers, including those who would head overseas between April and June, are set to escape to the hills, beaches, and resorts in the country. This is to fend off the heat and beat the pandemic blues, indicates the initial bookings and online search trends.

Jet Airways cannot claim historical right on airport slots: Govt to NCLT

Jet Airways cannot claim historical right on airport slots: Govt to NCLT

Rediff.com   9 Mar 2021

The ministry and the civil aviation regulator have said the government will consider the airline's request for slots as per existing policy.

Canadian plane maker De Havilland wins $43 mn claim against SpiceJet

Canadian plane maker De Havilland wins $43 mn claim against SpiceJet

Rediff.com   8 Mar 2021

The bone of contention between the two sides relates to changes in the purchase terms.

Pay life insurance premium in advance and get a discount

Pay life insurance premium in advance and get a discount

Rediff.com   5 Mar 2021

The discount should be equal to interest rates on savings bank account deposit of State Bank of India.

Jio's new offer dampens tariff hike talk, adds to Vi's worries

Jio's new offer dampens tariff hike talk, adds to Vi's worries

Rediff.com   2 Mar 2021

The new offer is part of its strategy to turn India to an exclusively 4G market.

Covid curbs hit flights, airlines see 10% drop in bookings

Covid curbs hit flights, airlines see 10% drop in bookings

Rediff.com   27 Feb 2021

Sources at Mumbai airport said seat occupancy has declined from around 70-72 per cent to 60-64 per cent in last three-four days as passengers are postponing or cancelling trips.

As Covid cases rise again, states impose restrictions

As Covid cases rise again, states impose restrictions

Rediff.com   26 Feb 2021

Here's what some states are doing to get a grip on the situation. Ruchika Chitravanshi & Aneesh Phadnis report

Trading glitch: Sebi, FinMin seek detailed report from NSE

Trading glitch: Sebi, FinMin seek detailed report from NSE

Rediff.com   25 Feb 2021

The exchange cited issues with its telecom service providers that prevented stocks and index quotations from getting updated.

Maharashtra's ultimatum to GM's union, management

Maharashtra's ultimatum to GM's union, management

Rediff.com   24 Feb 2021

Maharashtra's Labour Minister Dilip Walse-Patil has sought a written submission from the General Motors' (GM) Employees Union and the management of the company detailing its stance on the issue of plant closure. The labour minister asked the warring sides for submission at a hearing on Tuesday. Both sides have been given a week's time to reply.

Production slumps in the powerloom hub of Bhiwandi

Production slumps in the powerloom hub of Bhiwandi

Rediff.com   23 Feb 2021

Hit hard by volatility in yarn prices, 50% of the looms said to be operating only 3-4 days a week.

Petition by employees of debt-laden Jet Airways rejected

Petition by employees of debt-laden Jet Airways rejected

Rediff.com   23 Feb 2021

A committee of creditors had, in October, approved of the resolution plan submitted by UAE businessman Murari Lal Jalan and Kalrock Capital.

Corporate air travel takes wing on economic revival

Corporate air travel takes wing on economic revival

Rediff.com   15 Feb 2021

Online travel portals and airlines say the demand from companies is being led by essential services sectors like pharmaceutical, oil and gas, and power.