Sudipto Dey &Amp;Amp; Dev Chatterjee

Stories by Sudipto Dey &Amp;Amp; Dev Chatterjee

India Inc goes slow on rupee bonds, eyes international market

India Inc goes slow on rupee bonds, eyes international market

Rediff.com   15 Mar 2021

Indian corporate are fast tapping the international bonds market to raise funds for their operational expenses even as they reduce their presence in the rupee bond market. As bonds are costlier for companies and investors are more sceptical than the banks, chief financial officers say they are looking at other avenues for raising funds in the coming months as dollar bond rates are lower in the range of 100 to 250 basis points. "For corporate with reasonable credit quality, the Indian bond market has become less of an option from a cost point of view. "In addition, conditions imposed in the Indian bond market by investors post Franklin episode have also become very onerous," said Prabal Banerjee, president-finance of Bajaj group. "Hence very few corporate are looking at the local bond market for resource mobilisation, since both, bank loans and the overseas bond markets are much more attractive," he said.

'Cyber attacks meant to smear India's reputation'

'Cyber attacks meant to smear India's reputation'

Rediff.com   9 Mar 2021

'The hackers' objectives were centred around smearing India's reputation, causing productivity loss, creating operational damage and seeking financial gains.'

When it comes to salary, India Inc has its job cut out

When it comes to salary, India Inc has its job cut out

Rediff.com   2 Mar 2021

The new definition under the Code of Wages, 2019, includes three components: basic pay, dearness allowance and retention payment.

What Adani is doing to prevent Mumbai's power outage

What Adani is doing to prevent Mumbai's power outage

Rediff.com   26 Feb 2021

'We are working in association with the state government and other transmission companies to make sure that the city never experiences blackouts'

Lodha's Macrotech seeks debt moratorium as sales tank 69%

Lodha's Macrotech seeks debt moratorium as sales tank 69%

Rediff.com   18 Feb 2021

The pandemic caused construction delays at its ongoing projects due to several factors such as lockdowns enforced by government agencies, work-stoppage orders, disruptions in the supply of materials and shortage of labour resulted in failure to meet development milestones.

Seizing India's foreign assets won't be easy for Cairn Energy

Seizing India's foreign assets won't be easy for Cairn Energy

Rediff.com   17 Feb 2021

Cairn Energy has threatened the Indian government that it is looking at executing the favourable $1.2 billion international tribunal award in the retrospective taxation case by seizing India's overseas assets.

Winners and losers amid the Covid-19 pandemic

Winners and losers amid the Covid-19 pandemic

Rediff.com   5 Feb 2021

CEOs expect to finish the ongoing March quarter with positive growth as the corporates get back to work in full strength.

Indian Hotels in race to take over Mysuru's Lalitha Mahal Palace

Indian Hotels in race to take over Mysuru's Lalitha Mahal Palace

Rediff.com   4 Feb 2021

The palace, currently run by JLR, will be offered to bidders on a long-term management contract.

Why stopping Future's asset sale to Reliance may not be easy

Why stopping Future's asset sale to Reliance may not be easy

Rediff.com   3 Feb 2021

Legal experts explain the implications of the latest twist in the Amazon-Reliance battle for billion-plus consumers' purse.

How Piramal managed to outbid Oaktree, Adani for DHFL

How Piramal managed to outbid Oaktree, Adani for DHFL

Rediff.com   24 Jan 2021

When the third round of bids was opened, Oaktree's offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with DHFL, Adani was ranked third in the race, reports Dev Chatterjee.

From Tatas to RIL, India Inc goes into hiring mode as demand picks up

From Tatas to RIL, India Inc goes into hiring mode as demand picks up

Rediff.com   22 Jan 2021

Most of the hirings are, however, in the entry or junior level.

Kumar Mangalam Birla has a piece of advice for India Inc on future crisis

Kumar Mangalam Birla has a piece of advice for India Inc on future crisis

Rediff.com   21 Jan 2021

While asking firms not to worry about sharp volatility in prices, Birla said companies must make sure they do not get caught in 'comorbidities'.

Budget should reduce income tax rates, invest in infrastructure: CEOs to FM

Budget should reduce income tax rates, invest in infrastructure: CEOs to FM

Rediff.com   18 Jan 2021

Besides low interest rates, a reduction in active Covid cases and strong high-frequency macro data have lifted the sentiment of both corporate India and the stock markets.

Air India bid: US fund ready with war chest of 'billions'

Air India bid: US fund ready with war chest of 'billions'

Rediff.com   24 Dec 2020

For the AI bid, Interups has joined hands with a few employees of the airline, and plans to raise funds by splitting some of its infrastructure-related assets into an aviation InvIT, which will have underlying assets such as air routes, ground handling, repairs, and training etc.

Sale of Reliance Capital's assets gets resounding response

Sale of Reliance Capital's assets gets resounding response

Rediff.com   3 Dec 2020

Blackstone, KKR, and Bain Capital, among others, are in the race for its general insurance arm, and Bandhan Bank, Bain, and Dabur Investments have shown interest for RCap's 51 per cent stake in the life insurance business.

Tata, Birla, Bajaj, and Piramal Group may lead race for bank licence

Tata, Birla, Bajaj, and Piramal Group may lead race for bank licence

Rediff.com   1 Dec 2020

NBFCs with a proven track record, supported by the brand values of reputed corporate, can play a key role in bringing the benefits of banking and economy to the underserved and newer segments of India.

Companies can now seat their arbitration outside India

Companies can now seat their arbitration outside India

Rediff.com   23 Nov 2020

Choice of jurisdiction is important as that decides which country's law would apply in settlement of the dispute, says Sudipto Dey.

Decoded: Why Google Pay is under Competition Commission's scanner

Decoded: Why Google Pay is under Competition Commission's scanner

Rediff.com   19 Nov 2020

CCI decided to pursue investigation on two issues - these relate to "exclusivity regarding the mode of payment for the purchase of apps and in-app purchases" and "pre-installation and prominence of Google Pay on Android smartphones".

Peeved Piramal says will quit race for DHFL over Adani's 11th-hour bid

Peeved Piramal says will quit race for DHFL over Adani's 11th-hour bid

Rediff.com   17 Nov 2020

Adani, which had earlier bid only for the wholesale book, now want all of DHFL's assets and has pipped both Oaktree and Piramal by bidding higher than each of them.