Peerzada Abrar &Amp; Abhijit Lele

Stories by Peerzada Abrar &Amp; Abhijit Lele

20 years later, founders of India's first e-tailer are back 'Again'

20 years later, founders of India's first e-tailer are back 'Again'

Rediff.com   8 Mar 2019

Again would offer two variants of double-toned milk with almonds, cashews, dates; and strawberry, chocolate, jaggery - and two variants of double-toned yoghurt - alphonso mango; and carrot, orange, banana.

BEL, Anna Varsity build Patang, a drone with 2-km zoom range

BEL, Anna Varsity build Patang, a drone with 2-km zoom range

Rediff.com   27 Feb 2019

The unmanned aerial vehicle has been developed for surveillance and broadcasting and is ready for commercialisation.

RBI removes 3 more banks from PCA framework

RBI removes 3 more banks from PCA framework

Rediff.com   27 Feb 2019

After removing three PSBs - BoI, Mahabank and OBC from the framework, RBI, on Tuesday, took out three commercial banks - Allahabad, Corporation and Dhanlaxmi from the said list.

Why banks are hesitant to lend more to real estate sector

Why banks are hesitant to lend more to real estate sector

Rediff.com   25 Feb 2019

Owing to the risk perception attached with the segment by banks, the residential realty segment has been increasingly relying on non-banking financial companies and housing finance companies to raise debt financing, reports Abhijit Lele.

Bankers say post-recapitalisation, PSBs 4-5 quarters from profitability

Bankers say post-recapitalisation, PSBs 4-5 quarters from profitability

Rediff.com   23 Feb 2019

A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.

Drones steal the show at Aero India 2019

Drones steal the show at Aero India 2019

Rediff.com   22 Feb 2019

These unmanned aerial vehicles can fly at high speeds, detect intruders, do aerobatic maneuvers like loops, rolls, spins, and hammerheads effortlessly and communicate with each other intelligently.

Sachin Bansal invests Rs 650 crore in Ola; may join board

Sachin Bansal invests Rs 650 crore in Ola; may join board

Rediff.com   20 Feb 2019

With regard to his investment in Ola, Bansal said that on the one hand, the ride-hailing major had emerged as a global force in the mobility space and on the other it continued to build deeper for various needs of a billion Indians through its platform. This is the largest funding by an individual in the app cab.

RBI rate cut: Banks won't pass full benefits to YOU

RBI rate cut: Banks won't pass full benefits to YOU

Rediff.com   19 Feb 2019

'The effect will be seen two-three quarters down the line.'

Why liquidity will remain constrained till March-end

Why liquidity will remain constrained till March-end

Rediff.com   18 Feb 2019

Although the RBI's open market operations have ensured sufficient system-level liquidity, some sectors are finding liquidity to be a challenge owing to their credit profile.

Soon tech maybe the biggest input in your food delivery

Soon tech maybe the biggest input in your food delivery

Rediff.com   17 Feb 2019

From using Artificial Learning to Machine Learning to deploying drones food delivery platforms are going all out to reach the extra consumer, says Peerzada Abrar.

The blind spot on India's biggest banking whodunit

The blind spot on India's biggest banking whodunit

Rediff.com   8 Feb 2019

The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.

Unfazed by legal blocks, Netmeds bets big on digital

Unfazed by legal blocks, Netmeds bets big on digital

Rediff.com   8 Feb 2019

Netmeds is looking at using new technologies such as deep learning and data analytics to improve forecasting in terms of the demand of the products for pharma companies, reports Peerzada Abrar.

Why you may see less fake news this election season

Why you may see less fake news this election season

Rediff.com   26 Jan 2019

The updated election ads policy for India will require advertisers to provide a 'pre-certificate' issued by the EC or anyone authorised by the poll panel, for each ad. Further, Google will verify the identity of advertisers before their election ads run on its platforms, reports Peerzada Abrar.

Why PSBs put Rs 1-trn bad loans on sale

Why PSBs put Rs 1-trn bad loans on sale

Rediff.com   24 Jan 2019

Bankruptcy proceedings are going at a slower pace than what the bankers had envisaged and many cases have gone beyond the 270-day timeline set under the IBC mainly because of litigation.

Deposit rates not to rise soon

Deposit rates not to rise soon

Rediff.com   23 Jan 2019

During the fourth quarter (January-March), banks step up the activity to meet annual targets. This leads to a race to raise funds from markets often by jacking up deposit rates. This time around, the market has not seen such trend yet.

Post restructuring, SBI-led consortium may hold around 40% stake in Jet

Post restructuring, SBI-led consortium may hold around 40% stake in Jet

Rediff.com   17 Jan 2019

The airline has struggled to pay salaries and vendors on time and its Rs 10,963 crore fund and non fund based facilities have now been assigned 'D' rating by ICRA - the seventh rating downgrade since March 2017.

ISRO to set up Human Space Flight Centre

ISRO to set up Human Space Flight Centre

Rediff.com   12 Jan 2019

ISRO has to select astronauts, training them to withstand the space environment, and then bring them back to earth and rehabilitate them.

How Ola is getting ready to take on Uber

How Ola is getting ready to take on Uber

Rediff.com   11 Jan 2019

The new tranche of funding raises Ola's valuation to $5.74 billion from $4.45 billion in October 2017

Registration of 1,490 NBFCs cancelled

Registration of 1,490 NBFCs cancelled

Rediff.com   8 Jan 2019

Kolkata tops the list with 617 cancellations, New Delhi stands second with 203, followed by Mumbai at 190.

As Jet hits air pocket, fate of Naresh Goyal is almost sealed

As Jet hits air pocket, fate of Naresh Goyal is almost sealed

Rediff.com   4 Jan 2019

Options include fresh capital infusion by the management and/or some new investors.