T E Narasimhan And Ruchika Chitravanshi

Stories by T E Narasimhan And Ruchika Chitravanshi

Sputnik V vaccine to be available in India from next week: Govt

Sputnik V vaccine to be available in India from next week: Govt

Rediff.com   14 May 2021

India is expecting 156 million doses of the vaccine from August to September, reports Ruchika Chitravanshi.

Covid deaths could touch 1 million by August: Lancet

Covid deaths could touch 1 million by August: Lancet

Rediff.com   8 May 2021

If that outcome were to happen, the Modi government would be responsible for presiding over a self-inflicted national catastrophe.

Gujarat gets lion's share of Covid vaccines

Gujarat gets lion's share of Covid vaccines

Rediff.com   4 May 2021

Delhi, which has been one of the worst affected states, accounted for less than two per cent of total vaccinations in the 18-44 age-group.

Early signs of COVID-19 surge cooling in 13 states and Union Territories

Early signs of COVID-19 surge cooling in 13 states and Union Territories

Rediff.com   4 May 2021

But the numbers have continued to rise in 23 states including Bihar, Goa, Andhra Pradesh, Tamil Nadu and Kerala.

Vedanta plans Rs 10K-cr copper smelter unit in coastal region

Vedanta plans Rs 10K-cr copper smelter unit in coastal region

Rediff.com   1 Apr 2021

This comes at a time when the group's copper plant in Tamil Nadu remains shut for nearly three years, causing a Rs 5 crore loss every day.

IBC: 'Defaulters' paradise is lost'

IBC: 'Defaulters' paradise is lost'

Rediff.com   30 Mar 2021

'The Insolvency and Bankruptcy Code cleans up non-performing assets and puts companies in capable and credible hands.'

Independent directors of loss-making firms must be paid: Govt

Independent directors of loss-making firms must be paid: Govt

Rediff.com   20 Mar 2021

Till now, there was no provision in the Companies Act that allowed a remuneration for the non-executive director if the company was in loss or had inadequate profits. Only the executive director was entitled for a remuneration in the event of a loss.

Whistleblower accuses Edelweiss ARC of fund diversion, other irregularities

Whistleblower accuses Edelweiss ARC of fund diversion, other irregularities

Rediff.com   20 Mar 2021

The ministry of corporate affairs (MCA) has launched a probe into the books of Edelweiss Asset Reconstruction Company (EARC) following allegations by a whistleblower of fund diversion and irregularities. The whistleblower, Paras Kuhad, a former additional solicitor general of India, had written to the Prime Minister's Office and the Reserve Bank of India (RBI). Kuhad has alleged that Edelweiss Group and Caisse de depot et placement du Qubec (CDPQ), a Canadian institutional investor, which hold stakes in the ARC, diverted funds and did not adhere to norms while making investments in EARC's instruments. Sources have indicated that a probe has been initiated, but the MCA did not comment on the issue.

Stressed firms must get ready for bankruptcy proceedings

Stressed firms must get ready for bankruptcy proceedings

Rediff.com   18 Mar 2021

With just a few days left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely. An extension may not be economically desirable as it hampers the restructuring prospects for stressed companies, according to senior officials. Also, it would be a challenge to amend the law in such a short time. A Bill would have to be passed in both Houses of Parliament, if any change, with respect to suspension of Insolvency and Bankruptcy Code (IBC), is to be made - including extension or creating any exceptions to the rule.

'Sasikala will return with full power if...'

'Sasikala will return with full power if...'

Rediff.com   15 Mar 2021

'If the EPS government falls, Sasikala will return. If EPS wins, he will become an indispensable leader and Sasikala will not be able to return.' T E Narasimhan reports.

Succession saga at Murugappa Group gets murkier

Succession saga at Murugappa Group gets murkier

Rediff.com   11 Mar 2021

Valli Arunachalam had alleged that the group promoters have a gender bias against women getting into the family business and, hence, she and her sister were denied a berth on AIL's board.

How Tamil Nadu has transformed to attract mega investment

How Tamil Nadu has transformed to attract mega investment

Rediff.com   8 Mar 2021

A team of more than 60 people under Neeraj Mittal, an IAS officer, was instrumental in getting up the New Industrial Policy 2021 targeting investments of around Rs 10 trillion by 2025.

Aggregate annual PE deal count over 60% in last 5 yrs

Aggregate annual PE deal count over 60% in last 5 yrs

Rediff.com   3 Mar 2021

With the Indian economy expected to emerge as the third largest by 2030, investors have earmarked significant capital to actively participate in the India growth story.

India Inc opens up purse for employee retention

India Inc opens up purse for employee retention

Rediff.com   26 Feb 2021

Employees of some top Indian companies were in for a pleasant surprise when they received a mail from their HR team announcing a hike in salaries and bonuses. Led by IT firms and start-ups, HR managers say that while some have offered cash and stock options, others are in a wait-and-watch mode and add the trend will pick up in other sectors. For example, IT giant Cognizant - which had an attrition rate of 19 per cent in the December quarter - has established a $30-million employee retention fund in order to bring down the high attrition rate.

As Covid cases rise again, states impose restrictions

As Covid cases rise again, states impose restrictions

Rediff.com   26 Feb 2021

Here's what some states are doing to get a grip on the situation. Ruchika Chitravanshi & Aneesh Phadnis report

Bumps galore, but auto hubs breathe easy on sales spike

Bumps galore, but auto hubs breathe easy on sales spike

Rediff.com   22 Feb 2021

The traffic tells a story. During the lockdown, it took 45 minutes to zip through the deserted 35-km stretch from Chennai to reach the automobile heart of Sriperumbudur-Oragadam, where the big names of the car industry - Hyundai Motor India, Renault-Nissan India, Daimler India Commercial Vehicles, Apollo Tyres, and Royal Enfield - are based.

How the new Companies Act will affect Tata Sons, Bharti Telecom

How the new Companies Act will affect Tata Sons, Bharti Telecom

Rediff.com   22 Feb 2021

Companies such as Tata Sons and Bharti Telecom, which are unlisted but have listed subsidiaries, may soon have to file periodic financial statements with the registrar of companies under the new provision of the Companies Act. The provision requires greater financial disclosures by a certain category of unlisted companies.

Made in India: World's 1st 3D printed rocket engine

Made in India: World's 1st 3D printed rocket engine

Rediff.com   17 Feb 2021

The entire engine, Agnilet, is one piece of hardware from start to finish and has zero assembled parts, reports T E Narasimhan.

PM hands over 'Made-In-India' Arjun battle tank to army

PM hands over 'Made-In-India' Arjun battle tank to army

Rediff.com   15 Feb 2021

The tank, designed, developed, and manufactured by the Defence Research and Development Organisation's Combat Vehicles Research and Development Establishment and made in Tamil Nadu, will be used to protect northern borders.

Why auto sales in January hit speed brake

Why auto sales in January hit speed brake

Rediff.com   10 Feb 2021

Shortage of semiconductors, price hikes pull January auto sales into red. Dec had seen sales grow for 1st time this FY, which dealers called a one-off.