Sachin P Mampatta

All stories by Sachin P Mampatta

India Sees 8 Aviation Accidents Every Year

India Sees 8 Aviation Accidents Every Year

Rediff.com30 Jul 2022

The number of serious incidents has more than doubled in the last seven years.

Investors pushing back more on top executive pay hikes

Investors pushing back more on top executive pay hikes

Rediff.com28 Jul 2022

Investors are pushing back more often against companies' resolutions on what is paid out to top executives. In the first four months of financial year 2022-23 (FY23), there have already been five such rejections, according to shareholder voting data from tracker Adrian, a platform maintained by the proxy advisory firm Institutional Investor Advisory Services India (IiAS). Two of these have been at multiplex chain PVR and direct-to-home company Dish TV India.

Long-Short Funds Hold Fort In Turbulent Times

Long-Short Funds Hold Fort In Turbulent Times

Rediff.com5 Jul 2022

Most of the long-only funds are closed-ended. This means that investors have to lock in their money for a fixed period before they can take it back.

Private placements at lowest since 2014; total money raised down 23%

Private placements at lowest since 2014; total money raised down 23%

Rediff.com24 Jun 2022

The total amount of money various entities have raised through the private placement route is at its lowest since 2014. They raised a total of Rs 1.96 trillion in the first five months of 2022, revealed the numbers from PRIME Database. It is down 23.4 per cent from the Rs 2.56 trillion raised in the corresponding period in 2021.

Retail investors put over Rs 2,000 cr in bankrupt firms, hoping for revival

Retail investors put over Rs 2,000 cr in bankrupt firms, hoping for revival

Rediff.com10 May 2022

Retail investors have put at least Rs 2,296 crore in listed companies facing proceedings under the Insolvency and Bankruptcy Code (IBC). A median such-company had 16,163 retail investors as shareholders many of whom apparently have bought a stake on the hope of making money if the firm revives. They own a fifth of the total stake in the companies under consideration. The analysis looked at 75 listed firms for whom shareholding data was available for March 2022.

Does Monsoon Impact Market Returns?

Does Monsoon Impact Market Returns?

Rediff.com6 May 2022

Many years during which monsoons were poor saw high returns, while normal or excess rainfall has also coincided with poor calendar year gains.

India's bond slump worse than others, issuance value down 10.1%

India's bond slump worse than others, issuance value down 10.1%

Rediff.com19 Apr 2022

Indian issuers are borrowing lesser through bonds compared to their global peers. The total value of bond issuances was down 10.1 per cent on a rolling 4-quarter basis in March 2022, compared to a similar period in March 2019, shows an analysis of data from tracker Refinitiv, a London Stock Exchange Group (LSEG) business. The four quarters ended March 2019 marked the last full financial year before the pandemic took hold.

Why Are India's Rich Reluctant Givers?

Why Are India's Rich Reluctant Givers?

Rediff.com8 Apr 2022

A sudden surge in wealth because of stock market gains after the pandemic could be one of the factors behind the relatively lower share of philanthropy in total wealth.

MFs invest in more stocks amid volatility

MFs invest in more stocks amid volatility

Rediff.com29 Mar 2022

Mutual funds (MFs) are investing in more stocks despite the recent volatility. The industry invested in 824 companies across the listed universe as of October, according to primemfdatabase.com. The S&P BSE Sensex hit its all-time high of 62,245 that month. The index has since corrected to 57,864, around 7 per cent below the peak.

Jail inmates-generated sales rival India's largest companies

Jail inmates-generated sales rival India's largest companies

Rediff.com27 Mar 2022

Jail inmates produced goods generating gross sales worth Rs 223.4 crore in 2020, according to the government's annual Prison Statistics India report. The amount ranks at 496th place if compared with the latest net sales numbers of S&P BSE 500 companies, reports Sachin P Mampatta.

A big challenge to EPFO returns

A big challenge to EPFO returns

Rediff.com18 Mar 2022

There is widening gap between what the government's premier retirement fund makes on its investments and what it offers to employees. The Employees' Provident Fund Organisation (EPFO) makes the bulk of its investments in government-related securities. In other words, it lends to central and state governments and related entities. The interest it gets from these instruments is largely what it uses to pay interest to its subscribers.

Indians Invested $673.8 Million Abroad In 2021

Indians Invested $673.8 Million Abroad In 2021

Rediff.com15 Mar 2022

Indians spent more on foreign investments during the past 12 months than they have since at least 2012.

Over Rs 20,000 crore lying unclaimed with LIC

Over Rs 20,000 crore lying unclaimed with LIC

Rediff.com15 Feb 2022

The amount of money lying unclaimed with the Life Insurance Corporation of India dwarfs the budgets of many ministries. There was Rs 21,539.5 crore which lay unclaimed with India's largest insurance company, according to details in the initial public offer (IPO) document it filed over the weekend. The regulatory documentation is ahead of LIC selling shares to the public through the stock exchange for the first time this financial year. This will be India's largest ever public listing.

Last year's share buybacks were lowest since 2015

Last year's share buybacks were lowest since 2015

Rediff.com17 Jan 2022

Companies spent less money buying back their shares from the public last year than at any time since 2015. They announced buybacks of up to Rs 14,341 crore, show numbers from primary market tracker Prime Database. The total amount spent was Rs 13,597 crore. Both the amounts are lower than what was offered (Rs 39,564 crore) and spent (Rs 36,517 crore) in 2020.

'Be greedy when others are fearful'

'Be greedy when others are fearful'

Rediff.com6 Jan 2022

Outperforming peers following a crisis in the debt markets is an act that ICICI Prudential Asset Management Company fund manager Manish Banthia has pulled off more than once.

Rs 200,00,00,00,000 unclaimed in stocks

Rs 200,00,00,00,000 unclaimed in stocks

Rediff.com4 Jan 2022

The value of unclaimed securities and other assets was nearly Rs 20,000 crore in March 2020.

New projects drop for 2nd straight quarter

New projects drop for 2nd straight quarter

Rediff.com3 Jan 2022

New projects fell 6.3 per cent in the December quarter compared with the September quarter. The value of new projects in the just-concluded quarter was Rs 2.1 trillion, according to the data from Centre for Monitoring Indian Economy (CMIE), which was lower than the Rs 2.2 trillion seen in the September quarter. It is, however, higher than Rs 1.5 trillion recorded for the quarter ended December 2020, the first year of the Covid-19 pandemic. This data ties in with the November data for core sector growth, an index of eight core industries, which grew at its slowest pace since early 2021.

Rise and rise of the Rs 10,000 shares

Rise and rise of the Rs 10,000 shares

Rediff.com15 Dec 2021

There are more of them now and the total value of such companies--out of reach for small retail players--may surprise you. Shares topping the five-figure price mark were rare ten years ago. A look at March-end figures across the listed universe in 2011 shows only one such share. There were two by 2013.

Wilful defaults are Rs 62,000 crore higher than pre-Covid levels

Wilful defaults are Rs 62,000 crore higher than pre-Covid levels

Rediff.com2 Dec 2021

The Indian banking system's latest record on wilful defaulters shows Rs 62,970 crore, or around 10 per cent increase, in the additional amount outstanding since the pandemic began. The total outstanding amount increased to Rs 6.85 trillion in June from Rs 6.22 trillion in December 2019, shows a Business Standard analysis of numbers from the TransUnion CIBIL database. India recorded its first case of Covid-19 in January 2020.The amount outstanding to wilful defaulters had touched a post-pandemic peak of Rs.7.6 trillion in December 2020 (or Rs 1.4 trillion more than pre-pandemic levels).

LIC's stake in listed companies at 10-year low

LIC's stake in listed companies at 10-year low

Rediff.com8 Nov 2021

LIC owns 3.69 per cent of the total listed universe based on available disclosures, the lowest since at least June 2009.

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