T E Narasimhan &Amp;Amp; Aneesh Phadnis

Stories by T E Narasimhan &Amp;Amp; Aneesh Phadnis

PE/VC investments drop 51% to $4.1 billion as big deals shrink in July

PE/VC investments drop 51% to $4.1 billion as big deals shrink in July

Rediff.com   14 Aug 2020

According to the IVCA-EY report, July recorded 10 large deals worth $3.1 billion compared to 13 large deals worth $7.1 billion in July 2019.

Skyroot becomes first private co to test-fire upper-stage rocket engine

Skyroot becomes first private co to test-fire upper-stage rocket engine

Rediff.com   13 Aug 2020

The spacetech startup is expected to launch the first rocket which can hurl satellites of 250-700 kg into a lower Earth orbit by end-2021.

'Air India needs to change its attitude towards safety'

'Air India needs to change its attitude towards safety'

Rediff.com   12 Aug 2020

A K Chopra, a retired DGCA official, had flagged concerns regarding engineering, flight safety, operations, and training standards in the airline and subsidiaries, thus warning the management of grave safety risk. He also called for the replacement of the chief of flight safety Harpreet A De Singh, who, he said, did not meet the regulatory requirements for holding the post.

Passenger vehicle retail sales down 25.19% in July

Passenger vehicle retail sales down 25.19% in July

Rediff.com   11 Aug 2020

Dealers say that the full-year outlook remains negative with a projected contraction in retail sales of 15-35 per cent across segments, save tractors, which look set to clock a positive annual growth.

'We must not deny children the advantages of knowing English'

'We must not deny children the advantages of knowing English'

Rediff.com   11 Aug 2020

'English must be taught extremely well to all children in all schools, and especially so in those schools where the medium of instruction until Grade 5/8 is in the mother tongue/local language/regional language.'

AI Exp plane in Kozhikode crash was insured for $50m

AI Exp plane in Kozhikode crash was insured for $50m

Rediff.com   11 Aug 2020

While Air India Express is expected to get the full insured amount for the hull loss, it will have to pay compensation to the kin of the deceased and injured, according to applicable laws. The compensation will be paid from its liability cover.

COVID is a blessing for Edtech firms as they see massive jump in VC fund

COVID is a blessing for Edtech firms as they see massive jump in VC fund

Rediff.com   7 Aug 2020

Venture Intelligence data shows that during January to July 2020, investors infused $998 million in 31 deals. The total number of deals reported in 2019 was 42 worth $404 million.

In times of COVID, how travel firms plan to generate revenue

In times of COVID, how travel firms plan to generate revenue

Rediff.com   6 Aug 2020

While Yatra is building a digital services platform to offer skill development training and sourcing solutions to corporate, Thomas Cook has partnered ICMR-accredited labs to offer Covid-19 certification, and MakeMyTrip is offering chartered flight services.

Being 'atmanirbhar' is a mega challenge for auto industry

Being 'atmanirbhar' is a mega challenge for auto industry

Rediff.com   5 Aug 2020

Indian auto industry's dependence on China is high and it will continue to be so in the BS-VI era and as the country moves towards electric mobility. Domestic players lack both technological competence and the sheer pricing advantage that support Chinese imports.

As rural economy picks up, tractors see decent sales

As rural economy picks up, tractors see decent sales

Rediff.com   4 Aug 2020

Companies expect to reach full capacity in August after fixing supply chains that collapsed in the months-long lockdown to contain the coronavirus.

Cipla sees 3 big exits from top management of India business

Cipla sees 3 big exits from top management of India business

Rediff.com   4 Aug 2020

Those leaving the company include Nikhil Chopra, head of India business, Nikhil Lalwani, who served as head of US business, and Kunal Khanna, head of chronic and emerging therapies.

India's aviation sector still has miles to fly

India's aviation sector still has miles to fly

Rediff.com   4 Aug 2020

Airlines operated at much lower capacity of about 27% this July compared to July 2019 level, but there was a marginal rise over the 25% capacity achieved in June 2020.

Textile firms get ready to stitch 'anti COVID' clothing line

Textile firms get ready to stitch 'anti COVID' clothing line

Rediff.com   1 Aug 2020

To cater to the antiviral fabrics and antimicrobial segment, almost all the Indian big textiles brands, including Reliance, Arvind, Aditya Birla, Donear Group, Raymond, and Siyaram have entered the market. Companies started their journey with reusable masks and PPE kits, and today, they are offering a range of PPE clothing along with fashion and casualwear.

SpiceJet hits air pocket as losses mount

SpiceJet hits air pocket as losses mount

Rediff.com   30 Jul 2020

On a full year basis, the airline made a loss of Rs 934.8 crore. The company has incurred a net loss during the current and previous year and, the its current liabilities exceeded its current assets

Vistara to fly to London, Paris, Frankfurt starting mid-August

Vistara to fly to London, Paris, Frankfurt starting mid-August

Rediff.com   29 Jul 2020

Vistara has filed for slots at the Delhi airport and is also training pilots as it prepares for operations. The Delhi-London flight is being planned from mid-August, while services to Paris and Franfkurt would be launched later.

Covid blues: Data surge, 4G transition save telcos

Covid blues: Data surge, 4G transition save telcos

Rediff.com   28 Jul 2020

Among other segments, home broadband subscriptions have picked up and the virtual private network service, too, increased by around 15 per cent.

Respite for automakers: Tractor, two-wheeler sales rebound

Respite for automakers: Tractor, two-wheeler sales rebound

Rediff.com   23 Jul 2020

A good agricultural harvest and a timely arrival of monsoon, besides a slew of government schemes, have also come as a bounty.

Will Jet Airways find its wings once again?

Will Jet Airways find its wings once again?

Rediff.com   22 Jul 2020

A consortium - comprising Imperial Capital, Flight Simulation Technique Centre, and Big Charter - have placed a bid for Jet, while the other consortium is led by Kalorck Capital.

Even before release from jail, Sasikala factor rocks TN politics

Even before release from jail, Sasikala factor rocks TN politics

Rediff.com   22 Jul 2020

The big question is: Will her release be a threat to Chief Minister Edappadi K Palaniswami? The answer is, while it may give him moments of nervousness, he will not be replaced, say political experts. T E Narasimhan reports.

Govt explores options to fund Udan scheme

Govt explores options to fund Udan scheme

Rediff.com   13 Jul 2020

While there is no concrete proposal as of now, possible options include raising funds through securitisation of ticket levy and reduction in number of subsidised seats on routes with higher demand.