T E Narasimhan &Amp; Abhijit Lele

Stories by T E Narasimhan &Amp; Abhijit Lele

Why scooter sales dipped for the first time in 13 years

Why scooter sales dipped for the first time in 13 years

Rediff.com   12 Apr 2019

The first half of 2019-20 will be under pressure, since prices are expected to go up by Rs 7,000-8,000 at a time when sentiment is poor.

Pay up, make peace: Promoters make one-time settlements with banks on loans

Pay up, make peace: Promoters make one-time settlements with banks on loans

Rediff.com   5 Apr 2019

Lenders say settlements will cross over 100 accounts in the March quarter.

SC order on RBI circular: How it will hit banks

SC order on RBI circular: How it will hit banks

Rediff.com   3 Apr 2019

Bankers said the SC verdict might prolong the resolution process and force lenders to bring back cases to the drawing board.

As demands rise, moped sales get a boost

As demands rise, moped sales get a boost

Rediff.com   1 Apr 2019

Mopeds are sought by people with smaller businesses, with their weight-carrying and haulage ability beside being lighter and easy to manoeuvre in traffic.

The two BIG winners from Royal Enfield

The two BIG winners from Royal Enfield

Rediff.com   1 Apr 2019

The Interceptor 650 and Continental GT 650 have been game changers in the upper part of the mid-size segment, with compelling style and highway capability.

4 major debt resolution cases delayed further

4 major debt resolution cases delayed further

Rediff.com   1 Apr 2019

The delay will increase the provisioning burden on lenders and will also postpone the benefit of reversal of money set aside as provisions.

Amul, Santoor, Castrol join election frenzy

Amul, Santoor, Castrol join election frenzy

Rediff.com   29 Mar 2019

Brands are turning up the pitch on voter participation, targeting millennial consumers.

'Banks should do banking business, not run airlines'

'Banks should do banking business, not run airlines'

Rediff.com   29 Mar 2019

AIBEA has decided to write to the government and RBI against infusing money into Jet Airways. State-owned banks, including SBI and PNB, are the main lenders to Jet.

Slow progress at debt recovery tribunals irks banks

Slow progress at debt recovery tribunals irks banks

Rediff.com   27 Mar 2019

Lenders send 'SOS' to the finance ministry on the tardy decision making and pile-up of cases at the Debt Recovery Tribunals and its appellate forum the Debt Recovery Appellate Tribunal.

Jet lenders mull open auction process

Jet lenders mull open auction process

Rediff.com   24 Mar 2019

Bids to be evaluated according to guidelines by the civil aviation ministry, following which a buyer will be selected. Transfer of control to the buyer to be effected by June-end.

Most lenders cool to funding cash-strapped Jet Airways

Most lenders cool to funding cash-strapped Jet Airways

Rediff.com   23 Mar 2019

After a meeting of banks on Friday on ways to make funds available immediately, a source in the know said lenders other than SBI and Punjab National Bank had not come on board so far to chip in with their funds.

Will banks bail out debt-laden Jet Airways?

Will banks bail out debt-laden Jet Airways?

Rediff.com   20 Mar 2019

Switching to a damage-control mode, bankers and government officials claimed that Jet Airways wouldn't fall even if Etihad refuses to back the resolution plan and exits.

Jet's crisis deepens as Etihad, lenders lock horns

Jet's crisis deepens as Etihad, lenders lock horns

Rediff.com   19 Mar 2019

Etihad said it would not participate in the rights issue or infuse fresh funds under the current terms and conditions of the resolution plan

Jet's woes may fly away in a week

Jet's woes may fly away in a week

Rediff.com   17 Mar 2019

Jet and Etihad have already agreed upon a Rs 4,000-crore interim financing plan according to which Etihad will put in Rs 750 crore either on its own or from an offshore or onshore lender, and a matching amount will be provided by the Jet lenders.

After a year's lull, cement prices finally pick up

After a year's lull, cement prices finally pick up

Rediff.com   12 Mar 2019

Traders said the current demand is backed by government-funded projects which usually come up in the months before the election and the pace may slow down after the election, pushing the growth back to the previous levels.

Will Stalin be kingmaker in TN?

Will Stalin be kingmaker in TN?

Rediff.com   5 Mar 2019

If the DMK under Stalin is unable to do well in the Lok Sabha elections, his personal and political standing in the party will be threatened. But if the party does well, Stalin is the next kingmaker to watch out for. T E Narasimhan and Aditi Phadnis report.

RBI removes 3 more banks from PCA framework

RBI removes 3 more banks from PCA framework

Rediff.com   27 Feb 2019

After removing three PSBs - BoI, Mahabank and OBC from the framework, RBI, on Tuesday, took out three commercial banks - Allahabad, Corporation and Dhanlaxmi from the said list.

Why Cognizant is going slow in India

Why Cognizant is going slow in India

Rediff.com   26 Feb 2019

Post-bribery disclosure, Cognizant is not pursuing greenfield expansion in the country and relying on leased facilities for new demands. The incident, which came to light in 2016, is also said to have claimed 200-300 jobs so far mainly in areas like administration, legal, and procurement.

Why banks are hesitant to lend more to real estate sector

Why banks are hesitant to lend more to real estate sector

Rediff.com   25 Feb 2019

Owing to the risk perception attached with the segment by banks, the residential realty segment has been increasingly relying on non-banking financial companies and housing finance companies to raise debt financing, reports Abhijit Lele.

Bankers say post-recapitalisation, PSBs 4-5 quarters from profitability

Bankers say post-recapitalisation, PSBs 4-5 quarters from profitability

Rediff.com   23 Feb 2019

A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.