Ruchika Chitravanshi, Dev Chatterjee

Stories by Ruchika Chitravanshi, Dev Chatterjee

IMFreport: 'Zombie firms' reflect inefficient insolvency resolution

IMFreport: 'Zombie firms' reflect inefficient insolvency resolution

Rediff.com   7 days ago

The International Monetary Fund, in its report on the Indian economy, said the Insolvency and Bankruptcy Code (IBC) Amendment Bill addresses many deficiencies but it has not provided for the participation of operational creditors or rules for executory contracts. The IMF staff report said that the business dynamism in India remains relatively low, marked by low rates of entry and exit, and a high share of inactive or inefficient firms reflecting structural rigidities and high compliance levels.

GST 2.0 bolstered momentum, economy on stable footing

GST 2.0 bolstered momentum, economy on stable footing

Rediff.com   7 days ago

The reduction in the goods and services tax (GST) rates has increased the momentum in India's economic activity both on the supply and demand sides, while robust agricultural activity - reflected in the strong onset of rabi sowing and adequate reservoir levels - has reinforced the outlook for food supply and rural incomes, the finance ministry said on Thursday.

India rejects IMF view that US tariffs will stay indefinitely, hit growth

India rejects IMF view that US tariffs will stay indefinitely, hit growth

Rediff.com   27 Nov 2025

The Indian government has expressed its disagreement with the IMF staff's 'baseline' assumption that the 50 per cent US tariffs on its goods exports 'would remain in place indefinitely', based on which the staff pegged the country's GDP growth at 6.6 per cent this year, and pared its 2026-27 projection by 20 basis points to 6.2 per cent.

India on track to surpass $4 trn GDP in FY26: CEA

India on track to surpass $4 trn GDP in FY26: CEA

Rediff.com   26 Nov 2025

India is on track to exceed the $4 trillion milestone in 2025-26 (FY26), surpassing the $3.9 trillion gross domestic product (GDP) mark recorded at the end of March 2025, Chief Economic Adviser (CEA) V Anantha Nageswaran said on Tuesday.

Neville Tata Steps Out Of Shadow

Neville Tata Steps Out Of Shadow

Rediff.com   24 Nov 2025

As the business head of Trent Hypermarket, Neville ensures that customers receive high-quality products that adhere to Tata standards.

Haircuts in cases resolved under IBC at 67% till Sep

Haircuts in cases resolved under IBC at 67% till Sep

Rediff.com   24 Nov 2025

Creditors took a haircut of around 67 per cent on their admitted claims on the realisation made till September 2025 under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code (IBC), the latest data released by the insolvency regulator showed.

'Confident of good trade deal with US'

'Confident of good trade deal with US'

Rediff.com   21 Nov 2025

Officials from both India and the US in the recent past have indicated that a "fair deal" will be concluded soon, with Indian officials holding that more formal rounds of talks are not needed.

EAC-PM chair calls for raising investment rate

EAC-PM chair calls for raising investment rate

Rediff.com   20 Nov 2025

India needs to increase the investment rate to 34-35 per cent from 31-32 per cent currently to achieve a growth rate of 7 per cent and above, said S Mahendra Dev, chairman, economic advisory council (EAC) to the Prime Minister, on Wednesday.

MCA Rethinks PM Internship Scheme

MCA Rethinks PM Internship Scheme

Rediff.com   17 Nov 2025

With less than six months left for this financial year and poor response from applicants, launching the scheme this year is unlikely.

Supply chains face stress test amid trade shifts: PwC India

Supply chains face stress test amid trade shifts: PwC India

Rediff.com   17 Nov 2025

Supply chains are evolving from operational backbones to strategic growth enablers for organisations, though they remain underleveraged and struggle for recognition at the executive level, a report by PwC India said. The survey highlighted that recent developments in the trade and tariff landscape represent both a stress test and a strategic inflection point for supply chains.

Inefficiency in MFIs leads to high interest rates: DFS secretary M Nagaraju

Inefficiency in MFIs leads to high interest rates: DFS secretary M Nagaraju

Rediff.com   14 Nov 2025

The reduction in the number of loan accounts and the outstanding amount during the last financial year is a cause of concern and stress for microfinance institutions (MFI), Secretary, Department of Financial Services, M Nagaraju said on Thursday, highlighting "inefficiency" in MFIs that leads to higher rates of interest.

Leverage moderating across Adani firms: BofA

Leverage moderating across Adani firms: BofA

Rediff.com   12 Nov 2025

The Adani group, which operates across multiple infrastructure sectors, with 12 listed entities in India and a combined market capitalisation of about $200 billion, remains "anchored by strong assets and robust cash flows", according to a Bank of America (BofA) report.

Road, rail, ministries cross halfway mark in capex spending till Sep

Road, rail, ministries cross halfway mark in capex spending till Sep

Rediff.com   6 Nov 2025

The ministries of Road Transport & Highways and Railways have exceeded the national average capital expenditure (capex) by spending 63 per cent and 57 per cent of Budget estimates (BE), respectively, in the first half of 2025-26 (FY26). The total capital expenditure for April-September of FY26 stood at 52 per cent of the BE, according to the latest data by the Controller General of Accounts (CGA).

IBBI ends 'going concern' sales under liquidation

IBBI ends 'going concern' sales under liquidation

Rediff.com   28 Oct 2025

IBBI removes sale of company as going concern in liquidation; now only asset sales allowed, shifting focus strictly to terminal liquidation process.

Will Tata Sons Get RBI Relief?

Will Tata Sons Get RBI Relief?

Rediff.com   24 Oct 2025

Tata Sons, now debt-free, has asked the RBI to drop its 'upper-layer NBFC' tag and allow it to stay private.

India's M&A deals dipped in Q2 amid valuation caution

India's M&A deals dipped in Q2 amid valuation caution

Rediff.com   10 Oct 2025

India's mergers and acquisitions (M&A) activity cooled in the second quarter of 2025-26 (Q2FY26), with deal value falling to $26.26 billion from $29.04 billion a year ago, according to Bloomberg data.

Why Is Mehli Mistry Against Noel Tata?

Why Is Mehli Mistry Against Noel Tata?

Rediff.com   8 Oct 2025

Mehli Mistry is backed by three other trustees -- Pramit Jhaveri, Darius Khambata and Jehangir HC Jehangir -- against Tata Trusts Chairman Noel Tata and the two vice-chairmen, Venu Srinivasan and Vijay Singh.

Reliance on MNCs for strategic audits and consulting must be reduced: MCA

Reliance on MNCs for strategic audits and consulting must be reduced: MCA

Rediff.com   25 Sep 2025

India needs to limit its reliance on multinational corporations (MNCs) for strategic audits and consulting in order to strengthen its economic sovereignty and achieve the goal of Atmanirbhar Bharat, the Ministry of Corporate Affairs (MCA) said in an office memorandum released on Wednesday.

Reliance's refining margins projected to stay strong compared to PSU peers

Reliance's refining margins projected to stay strong compared to PSU peers

Rediff.com   6 Sep 2025

Reliance Industries' refining earnings will remain steady, supported by its position as India's largest importer of Russian crude and favourable global supplies, according to analysts at JM Financial and Goldman Sachs. Reliance imported more Russian barrels than any other Indian refiner in the past eight months, according to data from Bloomberg/Kpler.

Impact of 50% US tariff would be concentrated in Q2: CEA Nageswaran

Impact of 50% US tariff would be concentrated in Q2: CEA Nageswaran

Rediff.com   30 Aug 2025

The 50 per cent US tariff on Indian goods pose a downside risk to growth but the impact is expected to be short-lived for the economy, and consumption demand could see an uptick after the new goods and service tax (GST) rates are implemented which could even offset the external uncertainty, Chief Economic Advisor (CEA) V Anantha Nageswaran reckoned on Friday.