All stories by Subhomoy Bhattacharjee
Why ONGC is grappling with existential crisisRediff.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 & ITRediff.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 IndiaRediff.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'Rediff.com5 Jul 2021
IT, FMCG and manufacturing sectors are less attractive to foreign portfolio investors
Audit norms: RBI, govt not on same pageRediff.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 worryRediff.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 companiesRediff.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 timeRediff.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 ordersRediff.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 landRediff.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 FY22Rediff.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 uptickRediff.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 yearRediff.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 cardRediff.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 countriesRediff.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 financesRediff.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 planRediff.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 lawsRediff.com22 Oct 2020
Brazil's Embraer eyes Indian skiesRediff.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?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.