Tommy Wilkes And Devidutta Tripathy

Stories by Tommy Wilkes And Devidutta Tripathy

Bad debts cloud outlook for India's private sector banks

Bad debts cloud outlook for India's private sector banks

Rediff.com   18 Aug 2015

The spike at private sector lenders like ICICI Bank and Axis Bank follows a push to grab market share from India's dominant state banks.

SpiceJet in talks with Boeing, Airbus for $11 bln deal, stock up

SpiceJet in talks with Boeing, Airbus for $11 bln deal, stock up

Rediff.com   29 Jul 2015

SpiceJet is in talks with aircraft makers for a jet deal.

SpiceJet surprised all with Rs 71 cr net in Q1, cost cutting helped

SpiceJet surprised all with Rs 71 cr net in Q1, cost cutting helped

Rediff.com   28 Jul 2015

Under new Chairman Ajay Singh, the airline has cut routes - its capacity is down a third since last year - and costs.

Is SpiceJet selling stake to Qatar Airways?

Is SpiceJet selling stake to Qatar Airways?

Rediff.com   24 Jul 2015

The airline was forced to ground its fleet in December after running out of cash.

Modi takes the wheel as India's road building stimulus bogged down

Modi takes the wheel as India's road building stimulus bogged down

Rediff.com   17 Jul 2015

Modi placed a $12.6 billion bet in this year's budget on road building

India's $100 bn solar push draws foreign firms as locals take backseat

India's $100 bn solar push draws foreign firms as locals take backseat

Rediff.com   2 Jul 2015

India's $100 billion push into solar energy over the next decade will be driven by foreign players as uncompetitive local manufacturers fall by the wayside, no longer protected by government restrictions on the sector.

World Bank to lend $650 million for Indian rail project

World Bank to lend $650 million for Indian rail project

Rediff.com   1 Jul 2015

India's Railways has struggled to expand to keep up with demand

AirAsia India puts growth on hold while govt dallies over reforms

AirAsia India puts growth on hold while govt dallies over reforms

Rediff.com   26 Jun 2015

The carrier planned to bring in a plane a month from March to build a fleet of at least 10 jets by the end of the year.

India's push to offer banking for all stumbles on empty accounts

India's push to offer banking for all stumbles on empty accounts

Rediff.com   12 Jun 2015

The government plans to transfer all subsidies including food, fertiliser and kerosene, potentially taking direct payments to more than $60 billion.

Banks see new bad debt rules as step in right direction

Banks see new bad debt rules as step in right direction

Rediff.com   10 Jun 2015

Bad debt rules are steps in right direction.

Faster than China? India's road, rail drive could lay doubts to rest

Faster than China? India's road, rail drive could lay doubts to rest

Rediff.com   1 Jun 2015

To cover most of the gap, the road ministry plans to raise $7 billion.

India's top bank SBI says bad loan pressure easing

India's top bank SBI says bad loan pressure easing

Rediff.com   25 May 2015

State Bank of India expects decent growth in FY16.

India back on growth path but where are loan queries, ask bankers

India back on growth path but where are loan queries, ask bankers

Rediff.com   25 May 2015

Despite Indian economy recovering, there is very little room for loan growth, say bankers.

Axis Bank Q4 net up 18%, bad loans stable

Axis Bank Q4 net up 18%, bad loans stable

Rediff.com   29 Apr 2015

Axis Bank has reported a better-than-expected 18.4 per cent increase in quarterly net profit.

ICICI Bank Q4 net beats forecast, sees bad loans situation improving

ICICI Bank Q4 net beats forecast, sees bad loans situation improving

Rediff.com   27 Apr 2015

ICICI Bank puts up a good show in Q4.

Infosys bets on new services to push sales to $20 bn by 2020

Infosys bets on new services to push sales to $20 bn by 2020

Rediff.com   24 Apr 2015

Infosys has been making bets on automation and other high-margin services like artificial intelligence to regain some ground

Banks turn to consumer loans to beat slowdown

Banks turn to consumer loans to beat slowdown

Rediff.com   20 Apr 2015

Banks are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers.

After trimming rates, banks wary of more radical cuts

After trimming rates, banks wary of more radical cuts

Rediff.com   8 Apr 2015

Lenders fret over stubbornly weak credit growth and still high funding costs.

Lapsed tenders hurt Modi's 'Make in India' defence industry push

Lapsed tenders hurt Modi's 'Make in India' defence industry push

Rediff.com   8 Apr 2015

Irked by India's status as the world's biggest arms importer, Modi wants to build an advanced defence industry

Modi says India to strike own path in climate battle

Modi says India to strike own path in climate battle

Rediff.com   6 Apr 2015

Prime Minister Narendra Modi signalled on Monday he would not bow to foreign pressure to commit to cuts in carbon emissions.