Dev Chatterjee

Stories by Dev Chatterjee

If Voda-Idea goes belly-up, shareholders will lose Rs 1.68 trillion

If Voda-Idea goes belly-up, shareholders will lose Rs 1.68 trillion

Rediff.com   21 Nov 2019

Collapse of the mobile operator could translate into total loss of nearly Rs 44,000 crore for the AV Birla group.

Patanjali's Rs 4,000-cr loan: Another big headache for banks

Patanjali's Rs 4,000-cr loan: Another big headache for banks

Rediff.com   6 Nov 2019

Despite sanctioning the loans, bankers are worried whether to disburse the loan because of absence of an investment grade rating.

India's economic slowdown will reverse in coming quarters: Mukesh Ambani

India's economic slowdown will reverse in coming quarters: Mukesh Ambani

Rediff.com   30 Oct 2019

Mukesh Ambani, who is in talks with Saudi Arabian oil giant Aramco to sell one-fifth of his oil-to-chemicals business in India for $ 15 billion, said the two countries have all factors to drive growth - technology, young demography, and leadership.

PMC Bank chairman's HDIL link runs really deep

PMC Bank chairman's HDIL link runs really deep

Rediff.com   4 Oct 2019

While Waryam Singh was a non-executive director at HDIL, he is listed as one of the promoters of the company and had relations, including shareholding, with several other entities controlled by the Wadhawans, the HDIL founders.

Should BMW buy JLR from Tata Motors?

Should BMW buy JLR from Tata Motors?

Rediff.com   19 Sep 2019

BMW is over-capitalised and is awash with cash and it could quickly lower JLR's investment costs and raise margins by leveraging its own platforms, powertrains, purchasing scale and quality control.

Yet another sign that economy is in bad shape

Yet another sign that economy is in bad shape

Rediff.com   11 Sep 2019

India Inc's investment project announcement falls to Rs 11.3 trillion. In the coming months, the pace of investments would depend on how soon consumption demand picks up and private sector investment ramps up investment in infrastructure.

Tata Sons AGM okays 1000% dividend payout

Tata Sons AGM okays 1000% dividend payout

Rediff.com   24 Aug 2019

The higher dividend will help Tata Trusts, which owns 67 per cent stake in Tata Sons, to invest in its charitable activities. The total dividend outgo will be Rs 404 crore.

Banks should pass on rate-cut benefits to spur investment, says India Inc

Banks should pass on rate-cut benefits to spur investment, says India Inc

Rediff.com   8 Aug 2019

CEOs have complained that high interest rates have blocked their investment decisions. At the same time, customers are also deferring their purchases for new consumer durables, cars, and homes.

How Chandra plans to tackle the 2 key challenges of Tata group

How Chandra plans to tackle the 2 key challenges of Tata group

Rediff.com   24 Jun 2019

At the end of 2018-19, the Tata group had a consolidated debt of Rs 2.77 trillion. Tatas not only plan to avoid big-ticket acquisitions for now, the group's main focus will be on improving key metrics and reduce debt, say Shally Seth Mohile & Dev Chatterjee.

How IL&FS bosses showed fictitious profits for salary hikes

How IL&FS bosses showed fictitious profits for salary hikes

Rediff.com   10 Jun 2019

Besides 15 loan transactions to the Siva group of companies, the former directors also used unique methods to ensure the group did not get into the default list.

India Inc heaves sigh of relief over 30-day grace for loan default

India Inc heaves sigh of relief over 30-day grace for loan default

Rediff.com   8 Jun 2019

Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.

Fear grips financial sector as DHFL defaults on payment

Fear grips financial sector as DHFL defaults on payment

Rediff.com   7 Jun 2019

Nomura analysts said the Reserve Bank of India and the government would need to segregate the potential solvency issue at DHFL from liquidity issues at other larger wholesale NBFCs and HFCs.

Mukesh Ambani's personal firms also selling assets to cut debt

Mukesh Ambani's personal firms also selling assets to cut debt

Rediff.com   6 May 2019

Bankers said as part of its debt reduction plan, Canada's Brookfield-sponsored India Infrastructure Trust acquired a pipeline for Rs 13,000 crore from East West Pipeline Ltd, an arm of Reliance Industries Holding Private Ltd, and all the liabilities are now off the subsidiary's books.

Anil Ambani's Reliance group slams Rahul Gandhi for his 'malicious lies'

Anil Ambani's Reliance group slams Rahul Gandhi for his 'malicious lies'

Rediff.com   6 May 2019

Rahul has singled out Anil Ambani several times for winning the Rafale defence contract from the Narendra Modi government, alleging favouritism and corruption.

How Anil Ambani can revive his group's fortune

How Anil Ambani can revive his group's fortune

Rediff.com   2 May 2019

More asset sales may be only way out, though most of the group companies' ratings have been downgraded and their combined market value is now a fraction of their combined debt.

Jet board members liable for the crisis

Jet board members liable for the crisis

Rediff.com   2 May 2019

Independent directors were supposed to safeguard the interest of all stakeholders.

Why India's forex kitty is all set to swell

Why India's forex kitty is all set to swell

Rediff.com   24 Apr 2019

Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors.

Why corporate credit may grow in next few quarters

Why corporate credit may grow in next few quarters

Rediff.com   22 Apr 2019

With average capacity utilisation now touching 76 per cent, Indian companies are going back to the drawing board to add capacity but the plans to build new factories and plants are still some months away.

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.

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