All stories by Sachin P Mampatta
Sebi probe reports cast shadow on Jhunjhunwala's holdingsRediff.com29 Jan 2020
Reports suggested that stock market regulator, the Securities and Exchange Board of India (Sebi), is looking into the allegations of insider trading in the shares of Aptech, a computer training company in which Jhunjhunwala is a promoter. An email sent to Jhunjhunwala on the allegations did not immediately receive a response.
Falling sales add a new worry to corporates: Rising inventoryRediff.com26 Jan 2020
Net sales growth for the quarter ended December (Q3FY20) was 4.5 per cent on a year-on-year (YoY) basis for companies that have declared their results so far, compared to an 8.4 per cent rise in the first half of the financial year. This indicates that there could be a further rise in days' sales of inventory.
Companies with worst corporate governance scoresRediff.com19 Dec 2019
Recently listed companies scored 54, compared to 58 for the BSE100 firms and 61 for entities in the Sensex pack. The report noted that issues remain in IPO companies in which there seems to be a need to institutionalise governance practices.
CSR spends and the menace of ghost beneficiariesRediff.com16 Dec 2019
Ghost beneficiaries aren't the only kind of issue companies face during a period of unprecedented CSR spending, touching nearly Rs 12,000 crore in 2018-19. Frauds related to procurement, construction, and end-use of funds have had companies engaging forensic auditors to keep tabs on how money is spent, revealed conversations with those involved in such investigations. Firms are also increasingly strengthening their own capabilities to better implement their programmes.
CSR spend by listed companies highest-ever in FY19Rediff.com13 Dec 2019
The biggest spend (Rs 4,406 crore) was for Schedule VII (II), which involves "promoting education, including special education and employment enhancing vocation skills, especially among children, women, elderly and the differently abled and livelihood enhancement projects". The FY19 spend was 17.2 per cent higher than Rs 1,0128.3 crore spent during the previous year.
Indian hedge funds way behind Asian peersRediff.com10 Dec 2019
Indian funds did better than Asian ones in only four of the 10 months -- till October. Despite much market optimism, presumably around policy interventions and guided by buoyant flows, India's macro backdrop may be turning for the worse.
5 superstar investors end Samvat 2075 with tepid gainsRediff.com4 Nov 2019
While Rakesh Jhunjhunwala is up 14.9% during the year to Rs 12,381 cr, Ashish Dhawan is up 68.4% to Rs 810 cr, Ashish Kacholia is down 23.4% to Rs 515 cr, Rajiv and Dolly Khanna are down 74.6% to Rs 116 cr and Vijay Kedia is down 6.2% to Rs 294 cr.
India Inc still reeling under the menace of data theftRediff.com9 Oct 2019
Around 41 per cent of these companies saw such instances, compared to the global average of 29 per cent. India's number is higher than other countries such as the United States (26 per cent), the United Kingdom (32 per cent) and Japan (27 per cent). It is also worse than other emerging markets. China had 39 per cent of firms affected by data theft. It was 19 per cent and 16 per cent for Brazil and Russia, respectively.
LIC's investment in private sector at 16-year lowRediff.com26 Sep 2019
This is despite the private sector companies outperforming their public sector counterparts, reports Sachin P Mampatta.
Debt profile worsens for V G Siddhartha's unlisted private companiesRediff.com1 Aug 2019
The financials of six privately held companies associated with Siddhartha show an increase in debt and falling ability to meet short-term obligations.
Brokers exit cash segment, numbers drop by a quarterRediff.com24 Jul 2019
High regulatory expectations and advent of discount broking have made old-style brokerage businesses unviable.
It will take 346 years for you to match your MP's assetsRediff.com5 Jun 2019
The average assets of an MP are now 345.8 times that of an annual income of a tax-filing individual, reports Sachin P Mampatta.
As party spends drop, Facebook political ad revenues tapers offRediff.com17 May 2019
The cumulative spends on Google are in excess of Rs 27.4 crore. There have been 14,837 advertisements on Google platforms.
FB ad spending: BJP loses top spot to Cong in poll weekRediff.com11 Apr 2019
The Congress topped the list of pages with the highest spends for the week ended April 6.
BJP-friendly ads dominated Facebook since February, shows dataRediff.com22 Mar 2019
A page called 'My First Vote For Modi' accounts for the largest number of ads by number (2,765). Another one called 'Bharat Ke Mann Ki Baat' was second (2,429). 'Namo Supporters' was third with 2,153 ads, reports Sachin P Mampatta.
Equity markets lost sheen in Q3Rediff.com7 Mar 2019
A combination of fewer listings and falling 'average daily traded value' contributed to the drag in Q3.
Pakistan's economic woes don't allow a conflict with IndiaRediff.com6 Mar 2019
The country has been facing an ever-rising fiscal deficit, increasing debt and a hamstrung economy.
'Indian economy is best performer in the world'Rediff.com26 Feb 2019
'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
Stockbrokers to set up shop overseasRediff.com13 Feb 2019
'NRI interest has gone up in the past three-four years.'
Chanda Kochhar and 'clawback provisions'Rediff.com4 Feb 2019
'If she contests it, then these people will have to fight it in court.'
India will grow no matter who comes to powerRediff.com22 Jan 2019
'People always short-change the resilience of the economy.'
Why companies are chary of independent directorsRediff.com18 Jan 2019
As many as 104 listed companies have fewer independent directors than mandated by the regulations, according to the figures from Prime Database, reports Sachin P Mampatta.
Enemy shares may become govt's friend in needRediff.com22 Nov 2018
The government's move to sell enemy shares comes when it is struggling to meet its target of raising Rs 800 billion from the sale of State assets in the fiscal year ending in March 2019. The Custodian of Enemy Property of India holds around Rs 3,000 crore worth of equity shares besides land and property across India.
The mystery about short-term capital gains tax dataRediff.com14 Nov 2018
'There is a huge tax differential of 15% to 20% depending on income classification.'
Sebi's plan to phase out physical shares runs into Rs 4trn hurdleRediff.com14 Nov 2018
The top three companies in terms of the largest value of physical shares showed over 30 per cent shares are held in physical form. Two of the top three were part of the S&P BSE Sensex and the Nifty50 indices.
5 PSUs gave Rs 1.47 bn for Statue of UnityRediff.com8 Nov 2018
ONGC, Hindustan Petroleum, Bharat Petroleum, Indian Oil and Oil India listed the spending as part of their mandatory CSR commitment, but CAG noted that the Sardar Patel statue did not qualify for CSR funding.
'Markets are not going to be calm about elections'Rediff.com31 Oct 2018
Coalition governments aren't necessarily a negative for the economy, though they can result in negative outcomes in the stock market if not already priced in before elections.
Lehman@10: How the crisis unfoldedRediff.com19 Sep 2018
The US market regulator Securities and Exchange Commission was doing what it could to stem the flow. It temporarily prohibited naked short-selling in the securities of major financial players including Freddie Mac and its sister firm Fannie Mae in July. But this didn't really help. It was only after global central banks pumped in unprecedented liquidity into global markets, that the storm was finally calmed.
Lehman crisis@10: Has the financial world changed for the better?Rediff.com17 Sep 2018
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
Why Kerala can never forget the Flood of '99Rediff.com24 Aug 2018
Sachin P Mampatta goes back in time to recall a deluge that that has passed into lore in Kerala.
Top executives earn 3,000 times more than average staffRediff.com13 Aug 2018
The top companies with a striking gap in pay between the senior-most executives and median employees in 2017-2018 belonged mostly to sectors such as information technology, auto and engineering.
CSR spending: India Inc's pathetic track recordRediff.com25 Jul 2018
Companies that have a net worth of at least Rs 500 crore, a turnover of Rs 1,000 crore or a net profit of Rs 5 crore are required to spend 2 per cent of their net profits on corporate social responsibility programmes.
Surprise! Sensex on a high but FIIs gain littleRediff.com24 Jul 2018
If the rupee falls further, it would negatively impact the dollar-based returns of foreign investors, and could influence foreign flows into India.
Harshad Mehta's son to buy 23% pie in BSE-listed textile companyRediff.com1 Jun 2018
The company's shares have since risen 88 per cent and closed at Rs 90 apiece on May 22.
Pan masala, pens and a failed forex dealRediff.com24 May 2018
Vikram Kothari's Rotomac stares at a loan default of Rs 369 crore
Kochhar family and the mystery of Credential FinanceRediff.com3 May 2018
Its registration is unusual because the firm appears twice in the RoC database, but different identification numbers.
Developed markets outperform India in 2015Rediff.com13 Aug 2015
Many giving double-digit returns, with India up less than one per cent; even so, it has done much better than other emerging markets.
Tracking 140 years' journey of the Bombay Stock ExchangeRediff.com10 Jul 2015
The exchange moved through many ups and downs through the years.
India slips to 10th spot in global m-cap rankingRediff.com7 May 2015
Indian market has been plagued by negative sentiment and triggers
Remembrance: When Parag Parikh got (a little) angryRediff.com6 May 2015
Value investor Parag Parikh's sudden death has come asa big jolt to the fraternity.