Surajeet Das Gupta &Amp; Abhijit Lele In New Delhi

Stories by Surajeet Das Gupta &Amp; Abhijit Lele In New Delhi

Kalrock to invest Rs 1K crore as Jet readies to take wings

Kalrock to invest Rs 1K crore as Jet readies to take wings

Rediff.com   19 Oct 2020

The winning bid attracted over 99 per cent votes, with lenders overwhelmingly voting for a revival instead of recovery through liquidation.

Vistara plans to spread its wings beyond India skies

Vistara plans to spread its wings beyond India skies

Rediff.com   16 Oct 2020

By 2023, Vistara's hangars will house a total of 70 aircraft, up from the current 42.

India may pip China and Vietnam to become mobile export hub

India may pip China and Vietnam to become mobile export hub

Rediff.com   15 Oct 2020

The government gave clearance to five global and five Indian players that have made a commitment to a production value of 12.5-trillion phones in five years under the Production Linked Incentive scheme.

How SBI plans to keep YONO ahead of the curve

How SBI plans to keep YONO ahead of the curve

Rediff.com   13 Oct 2020

Apart from fulfilling banking services, one can access more than 100 e-commerce sites, book tickets, and even pay for small value groceries through the app. The bank is now proposing to allow other banks to use this to serve their own customers.

Airtel, Vi bat for tariff hike, but Jio is sitting tight

Airtel, Vi bat for tariff hike, but Jio is sitting tight

Rediff.com   12 Oct 2020

Vodafone and Bharti have pointed out that, for data, their revenue realisation should be at Rs 30-35 per GB for them to cover their costs as opposed to the current figure of over Rs 11 per GB. But Jio has suggested a gradual increase to Rs 15 per GB and then maybe to Rs 20 per GB after six to nine months.

Will PNB acquire beleaguered Lakshmi Vilas Bank?

Will PNB acquire beleaguered Lakshmi Vilas Bank?

Rediff.com   8 Oct 2020

PNB has rich experience in the integration of commercial banks.

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

Rediff.com   8 Oct 2020

It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.

Cricket apps climb up the order in play store downloads

Cricket apps climb up the order in play store downloads

Rediff.com   6 Oct 2020

The dizzying ascent of these cricket apps, some from near oblivion, after the IPL tournament began on September 19 in the UAE, has been meteoric.

Covid woes: Mumbai, Delhi bring little cheer for telcos

Covid woes: Mumbai, Delhi bring little cheer for telcos

Rediff.com   30 Sep 2020

Telecom operators say the reason for the low increase in ARPU in the two metros could be linked to the massive reverse migration of labour.

Indian telcos' 5G rollout is mired in controversy

Indian telcos' 5G rollout is mired in controversy

Rediff.com   23 Sep 2020

The operators say that the move to have an India-specific standard will raise the costs not only of telecom networks but of chipsets for mobile devices because they will have to be made for the local market and, as such, will not enjoy global economies of scale.

Home, auto loan inquiry back to 2019 level

Home, auto loan inquiry back to 2019 level

Rediff.com   23 Sep 2020

The public sector lenders saw the biggest rebound in inquiries in July and August 2020, most likely because they were early in recommencing operations than their private and finance counterparts.

How IT cos' WFH plan is turning the planet green

How IT cos' WFH plan is turning the planet green

Rediff.com   22 Sep 2020

Indirect emissions account for a major chunk of emissions by Indian IT firms. Business travel and commutation, together, are a key reason for it. If travel and daily commuting go down, so does carbon emissions.

SBI, 25 other major Indian banks figure in suspicious transactions list

SBI, 25 other major Indian banks figure in suspicious transactions list

Rediff.com   22 Sep 2020

Banks say they themselves red-flagged the transactions to RBI. It must be noted that these transactions are not outright evidence of fraud or proof of nefarious activities.

Kia Sonet: Made in India, made for the world

Kia Sonet: Made in India, made for the world

Rediff.com   22 Sep 2020

The compact segment where Sonet will be launched is crowded with the Maruti Vitara and Brezza, which top the sales' list, and a bevy of models from Mahindra & Mahindra apart from Hyundai's offering. But volumes in this are slightly higher than those in the mid-segment, making it attractive, says Surajeet Das Gupta.

Telcos must fork out Rs 44,000 crore to replace expired spectrum

Telcos must fork out Rs 44,000 crore to replace expired spectrum

Rediff.com   21 Sep 2020

The figure is based on the base price of spectrum for the upcoming auction fixed by the TRAI and on the assumption that there will be no bidding war.

Brand Dhoni pads up for new innings

Brand Dhoni pads up for new innings

Rediff.com   21 Sep 2020

He has slashed his price by half after retiring. Now his rates are in line with Amitabh Bachchan or Ayushmann Khurrana. In 2012 he had 22 endorsements, now he has 40!

No plan to exclude Chinese firms from 5G infra projects: Minister

No plan to exclude Chinese firms from 5G infra projects: Minister

Rediff.com   18 Sep 2020

The announcement quells fears among some telcos that Chinese players might be banned from participating in 5G trials and roll outs.

'2 years is fair time for companies to come out of pain'

'2 years is fair time for companies to come out of pain'

Rediff.com   17 Sep 2020

'The economy is expected to bounce back and things are expected to recover faster than what we previously thought.'

Jio plans to roll out 100 million low-cost phones by December

Jio plans to roll out 100 million low-cost phones by December

Rediff.com   16 Sep 2020

To help 2G customers who have to buy a new phone to upgrade to 4G, the company had earlier introduced 4G feature phones, to make it affordable for them to make the switch.

RBI's priority lending norms may not mean quick relief for start-ups

RBI's priority lending norms may not mean quick relief for start-ups

Rediff.com   14 Sep 2020

Seed and early-stage start-ups are high-risk businesses, rarely have collateral and only 1 in 10 of them makes it to becoming a viable company.