N Sundaresha Subramanian And Sounak Mitra

Stories by N Sundaresha Subramanian And Sounak Mitra

'Savukku' Shankar: Is he India's Julian Assange?

'Savukku' Shankar: Is he India's Julian Assange?

Rediff.com   10 Feb 2014

A vigilance department insider-turned-online journalist, busy taking on the establishment, comes to fore with the 2G tapes

Telecom fares poorly on the FDI front

Telecom fares poorly on the FDI front

Rediff.com   15 Jan 2014

Since August 2013, FIPB has approved two FDI proposals in the telecom sector.

What do foreign investors want?

What do foreign investors want?

Rediff.com   17 Dec 2013

The behaviour of the foreign institutional investors is gauged from the numbers put out by the exchanges and regulators.

'Costly smartphones are affordable luxury now'

'Costly smartphones are affordable luxury now'

Rediff.com   13 Dec 2013

The company has identified India as one of the two key markets in South Asia.

Piramal Enterprises offered 51% premium for Vodafone stake

Piramal Enterprises offered 51% premium for Vodafone stake

Rediff.com   6 Dec 2013

In the process, Vodafone India's valuation rose 48.39 per cent since February 2012, when Piramal Enterprises bought 5.5 per cent stake in Vodafone India for Rs 3,007 crore (Rs 30.07 billion).

Sebi move on FPI regime grounded

Sebi move on FPI regime grounded

Rediff.com   19 Nov 2013

Revenue dept says changes in I-T Act require Parliament nod; new regime to wait till Budget in June-July 2014.

MNCs look beyond India slowdown

MNCs look beyond India slowdown

Rediff.com   15 Nov 2013

Have committed themselves to investing Rs 1,85,000 crore since last year.

Packaged food import becomes a sticky issue

Packaged food import becomes a sticky issue

Rediff.com   8 Nov 2013

Importers protest as food safety regulator demands adherence to recent law on labelling, blocks entry at ports for packs with stickers.

America Movil may be eyeing India entry

America Movil may be eyeing India entry

Rediff.com   5 Nov 2013

According to the CEO of an Indian group with presence in the telecom segment and two merchant bankers, the Mexico-headquartered telco's bankers have been sounded out for preliminary discussions with leading Indian telecom companies for a strategic tie-up.

Govt likely to ease levy on telecom companies

Govt likely to ease levy on telecom companies

Rediff.com   5 Nov 2013

DoT plans to initiate move that might lower the revenues telcos share with government.

Who will foot the Rs 1,700-crore NSEL bill?

Who will foot the Rs 1,700-crore NSEL bill?

Rediff.com   15 Oct 2013

Exchange used new investors' money to pay returns to old ones, finds FMC's forensic audit.

NSEL investors want assets of Shah, directors attached

NSEL investors want assets of Shah, directors attached

Rediff.com   25 Sep 2013

About Rs 5,600 crore (Rs 56 billion) of investments of some 13,000 investors are stuck in NSEL. Despite reports from several internal committees of regulators and investigative agencies pointing to fraudulent activities, there hasn't been any substantial enforcement action against the exchange or the officials.

GSM lobby offers compromise formula to 900 MHz

GSM lobby offers compromise formula to 900 MHz

Rediff.com   19 Sep 2013

With the Telecom Regulatory Authority of India (Trai) refusing to reserve 900-MHz spectrum for incumbent telcos, asking them to vacate the quantity held and win back through bidding, GSM operators, led by the Cellular Operators Association of India (COAI), have decided to propose a compromise formula.

What the Trai chief has to say on spectrum pricing, ad cap and growth

What the Trai chief has to say on spectrum pricing, ad cap and growth

Rediff.com   18 Sep 2013

Within a week of the Telecom Regulatory Authority of India giving its final recommendations on the valuation and pricing of spectrum, Chairman Rahul Khullar speaks to Business Standard on the process the regulator followed in finalising the much-debated issue.

Did NSEL investors' money never reach borrowers?

Did NSEL investors' money never reach borrowers?

Rediff.com   5 Sep 2013

Ledger entries in NSEL books show no record of T+2 leg of the paired trades with borrowers.

NSEL's Rs 720-cr sugar stock turned into a multi-storey mall

NSEL's Rs 720-cr sugar stock turned into a multi-storey mall

Rediff.com   2 Sep 2013

A much-vacant mall in a sleepy industrial park is all that's left of the amount allegedly owed by Mangla Shree Properties against 0.2-mt sugar deliveries

NSEL's settlement guarantee fund stood at only Rs 85 lakh

NSEL's settlement guarantee fund stood at only Rs 85 lakh

Rediff.com   28 Aug 2013

Against varying claims its SGF ranged from Rs 839 crore (Rs 8.39 billion) to Rs 62 crore (Rs 620 million), between July 29 and August 14, the bourse had Rs 84.66 lakh (Rs 8.46 million) in the actual SGF.

FinMin, watchdogs worried about Sahara-NSEL ties

FinMin, watchdogs worried about Sahara-NSEL ties

Rediff.com   22 Aug 2013

The finance ministry and several agencies under it such as the Securities and Exchange Board of India (Sebi) and the Enforcement Directorate (ED), which are investigating the affairs of Sahara India Parivar, are worried about its exposure to National Spot Exchange Ltd (NSEL) products.

'Typo' spooks Financial Technologies investors

'Typo' spooks Financial Technologies investors

Rediff.com   7 Aug 2013

The FT stock took a beating, losing 80 per cent in two sessions before recovering. Though in an exchange announcement following the government's missive on July 12, FT identified NSEL as a material subsidiary, rumour mills contemplated two possible transactions: a sale between May 30 and June 30 which had led to the subsidiary becoming an associate and another transaction between June 30 and July 15 when the associate again became a subsidiary.

How to make 1,245 tonnes of wool disappear without trace

How to make 1,245 tonnes of wool disappear without trace

Rediff.com   5 Aug 2013

National Spot Exchange data shows huge amount of wool going out of its warehouse, but a visit to the storage reveals a different picture.