Subhomoy Bhattacharjee

All stories by Subhomoy Bhattacharjee

Why ONGC is grappling with existential crisis

Why ONGC is grappling with existential crisis

Rediff.com3 days ago

It is rare for Cabinet ministers to tick off state-owned companies publicly, yet that was what then petroleum and natural gas minister Dharmendra Pradhan did for ONGC. Speaking at an event on June 29, Pradhan said he has asked India's premier exploration company to find fresh oil acreages fast. "Do it yourself through some joint venture (or) through a new business model. But the government cannot permit you to hold resources for an indefinite time." The reason for this stricture is India's rising dependence on imported oil and gas. Or, to put it another way, falling domestic production (see chart: "Crude truth"), especially from ONGC, which faces a simple problem.

Why Ashwini Vaishnaw is a perfect choice for railways & IT

Why Ashwini Vaishnaw is a perfect choice for railways & IT

Rediff.com7 days ago

From trusted bureaucrat, to Wharton, MNC executive to businessman, and now politician, the man in charge of two weighty ministries is a unique all-rounder with specialist knowledge.

The many battles that Amazon is fighting in India

The many battles that Amazon is fighting in India

Rediff.com8 Jul 2021

Among all the geographies where Amazon is fighting regulators, India is the only place where its lines are also tangled in a major corporate battle, this one with India's largest company by market capitalisation over the acquisition of Mumbai-based Future Group's retail chain, the country's second largest. No other corporate entity in any country offers a challenge to Amazon's hegemony in a way Reliance Industries does - and the final hearing of an arbitration case filed at the Singapore International Arbitration Centre between the two may decide at least some of these issues. This legal battle between one of the world's most powerful corporations and one of India's most powerful conglomerates could be complicated by a host of other developments.

How foreign portfolio investors view the 'India story'

How foreign portfolio investors view the 'India story'

Rediff.com5 Jul 2021

IT, FMCG and manufacturing sectors are less attractive to foreign portfolio investors

Audit norms: RBI, govt not on same page

Audit norms: RBI, govt not on same page

Rediff.com8 Jun 2021

North Block is concerned that when India is trying to attract more investment, putting up restrictions on audit firms could create an avoidable bad advertisement.

At Nigambodh Ghat, staff grapples with Covid rush, family's worry

At Nigambodh Ghat, staff grapples with Covid rush, family's worry

Rediff.com20 May 2021

People working at the Nigambodh Ghat -- perhaps the busiest cremation site in the national capital in the wake of outbreak of the pandemic -- go about their job with resilience, helping in whatever way possible.

What pandemic, ask India's insurance companies

What pandemic, ask India's insurance companies

Rediff.com11 May 2021

Though COVID-19 will wreak more damage to the finances of the Indian population, the insurance sector is unlikely to get hurt.

MSMEs need help again but not the way govt did last time

MSMEs need help again but not the way govt did last time

Rediff.com10 May 2021

While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.

Why govt placed low vaccine orders

Why govt placed low vaccine orders

Rediff.com27 Apr 2021

There was the mistaken belief that there was no risk of a second wave anytime soon.

Cut the red tape and let private sector manage surplus govt land

Cut the red tape and let private sector manage surplus govt land

Rediff.com8 Mar 2021

Maybe Modi could ask a patriarch of the stature of the late G D Birla to flesh out the details of a new company to manage government land privatisation.

FinMin asks RBI to ensure a higher dividend for govt in FY22

FinMin asks RBI to ensure a higher dividend for govt in FY22

Rediff.com25 Feb 2021

RBI Governor Shaktikanta Das has assured Finance Minister Nirmala Sitharaman that the Rs 12.05-trillion gross borrowing programme for FY22 will go through smoothly.

India in sweet spot as commodity prices are on uptick

India in sweet spot as commodity prices are on uptick

Rediff.com26 Jan 2021

The uptick in prices ranging from steel to wheat could benefit lots of commodity-based companies -- from State-owned SAIL to the agro exporters.

Ministries to get the same budget funds as last year

Ministries to get the same budget funds as last year

Rediff.com18 Jan 2021

The government, it would seem, is reserving its firepower to spend on big-ticket items that will be announced in the Budget, reports Subhomoy Bhattacharjee.

How Babus did during the Pandemic: A report card

How Babus did during the Pandemic: A report card

Rediff.com18 Jan 2021

The Covid pandemic has left a question mark on how the central government manages its staff.

How Biden's trade team could influence relations between the two countries

How Biden's trade team could influence relations between the two countries

Rediff.com7 Jan 2021

India will have to show more willingness to import, and since Biden will not encourage sale of oil and gas to bridge the gap, it means there has to be more meaningful duty reduction in other areas even if Delhi baulks at a Free Trade Agreement so soon after walking out of RCEP.

Idle tracks shore up railway finances

Idle tracks shore up railway finances

Rediff.com2 Jan 2021

When Finance Minister Nirmala Sitharaman tables her Budget on February 1, the numbers could be something to cheer.

Revealed: Govt's COVID-19 vaccination plan

Revealed: Govt's COVID-19 vaccination plan

Rediff.com8 Dec 2020

The modus operandi for immunising the country's 1.35 billion population in stages has been thrashed out in more than one meeting among top government officials in the health ministry and the Prime Minister's Office.

The chinks in India's arbitration laws

The chinks in India's arbitration laws

Rediff.com22 Oct 2020

Treaty

Brazil's Embraer eyes Indian skies

Brazil's Embraer eyes Indian skies

Rediff.com3 Oct 2020

One of the arrangements the Indian government is considering is a tie-up with a sovereign fund to finance the Embraer deal.

Will IFSCA be the boss of India's financial markets?

Will IFSCA be the boss of India's financial markets?

Rediff.com11 Aug 2020

For financial sector companies setting up shop in India, as of now the go-to regulators are obviously Sebi and the RBI with carve-outs for IRDAI or possibly PFRDA. But this could change soon with the International Financial Services Centres Authority, observes Subhomoy Bhattacharjee.

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