Dev Chatterjee

Stories by Dev Chatterjee

Kumar Birla on how buying Aleris helps Hindalco

Kumar Birla on how buying Aleris helps Hindalco

Rediff.com   27 Jul 2018

'Aleris will bring in $3 billion of revenue. Novelis has $12 billion of revenues. If we add Hindalco's $6-billion revenue, then on a consolidated basis, we will become the world's largest aluminium company outside China.'

GoAir readies ambitious plans to boost growth

GoAir readies ambitious plans to boost growth

Rediff.com   16 Jul 2018

The Wadia group-owned airline is building a new management team and putting in place strategies for efficient operations. Leading the change is Cornelis Vrieswijk, the airline's new chief executive officer.

Rupee depreciates 0.55% to near its lowest ever on China-US trade war

Rupee depreciates 0.55% to near its lowest ever on China-US trade war

Rediff.com   28 Jun 2018

While far from being a currency war, India does not have much of an option but to depreciate to accommodate its exports at a time when China shows its intent to let its currency depreciate.

Chandra's Midas touch helps Tata group profit to rise 35%

Chandra's Midas touch helps Tata group profit to rise 35%

Rediff.com   22 Jun 2018

On the other hand, the group's two traditional cash cows, TCS and Tata Motors' subsidiary Jaguar Land Rover, are slowing as other businesses pick up pace

Flipkart shows retail majors how to play the online game

Flipkart shows retail majors how to play the online game

Rediff.com   13 May 2018

Did top Indian business groups miss the e-commerce opportunity by focusing on replicating the Walmart model instead of following the Amazon model of online shopping?

The UK businessman saving Indian companies from insolvency

The UK businessman saving Indian companies from insolvency

Rediff.com   12 May 2018

Sanjeev Gupta of Liberty House, a global supplier of metals and engineering solutions, who has emerged front-runner for a number of stressed companies, plans to fund a string of companies through a mix of equity and debt.

Tata Sons asks Sivasankaran to pay back Rs 700 crore loan

Tata Sons asks Sivasankaran to pay back Rs 700 crore loan

Rediff.com   9 May 2018

Siva group defaulted on payment in 2016 and is also facing CBI investigation

Deepak Kochhar's NuPower in fresh controversy

Deepak Kochhar's NuPower in fresh controversy

Rediff.com   27 Apr 2018

Shareholder advisory companies are raising eyebrows at the ICICI Bank board not being aware of Firstland's investment in NuPower

Company set up by Kochhar bros failed to repay Rs 30 crore loans

Company set up by Kochhar bros failed to repay Rs 30 crore loans

Rediff.com   19 Apr 2018

Kochhar brothers stepped down from the board of Credential Finance by 2009. While Deepak Kochhar started NuPower Renewables, Rajiv set up Avista Advisory Group

Rajiv Kochhar's Avista Advisory earned Rs 300 crore in the last four years

Rajiv Kochhar's Avista Advisory earned Rs 300 crore in the last four years

Rediff.com   18 Apr 2018

Avista helped some companies restructure their debt in such a way that overseas investors had to take a steep haircut

Deepak Kochhar, the man in the muddle

Deepak Kochhar, the man in the muddle

Rediff.com   10 Apr 2018

How Chanda Kochhar and her husband Deepak Kochhar find themselves in a huge controversy.

2 Kochhar firms had combined loss of Rs 162.25m in FY17

2 Kochhar firms had combined loss of Rs 162.25m in FY17

Rediff.com   7 Apr 2018

This was the companies' highest loss in two years.

Videocon paid ICICI Bank dues worth Rs 1000 cr till Dec last year

Videocon paid ICICI Bank dues worth Rs 1000 cr till Dec last year

Rediff.com   6 Apr 2018

NuPower will return loan with interest to consumer durables major by 2021

Insolvency: Uttam Galva seeks 50% haircut. Will SBI oblige?

Insolvency: Uttam Galva seeks 50% haircut. Will SBI oblige?

Rediff.com   19 Mar 2018

Uttam Galva Steels is a part of the Reserve Bank of India's second list of cases, which will be referred to the bankruptcy tribunal for insolvency proceedings after lenders failed to resolve the account by December 2017.

PNB scam: Bank ignored auditors' warning

PNB scam: Bank ignored auditors' warning

Rediff.com   28 Feb 2018

The banks also received a warning from the rating agency Care, in February 2016, after Firestar's financials deteriorated.

Bidders for stressed assets seek level playing field

Bidders for stressed assets seek level playing field

Rediff.com   16 Feb 2018

The code says the process is intended to balance the interests of all stakeholders and the resolution plan is also required to make a statement as to how it has dealt with these interests.

India's Super Rich got richer in 2017

India's Super Rich got richer in 2017

Rediff.com   8 Jan 2018

Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.

India Inc's new investment proposals down to 13-yr low in Q3

India Inc's new investment proposals down to 13-yr low in Q3

Rediff.com   2 Jan 2018

Companies announce Rs 768 bn worth investments in Dec quarter versus Rs 1.15 trn in Sep quarter

Modi may now focus on reforms; give sops to taxpayers

Modi may now focus on reforms; give sops to taxpayers

Rediff.com   19 Dec 2017

CEOs expect populist measures in the Budget, to help the poor and marginalised, who make up for the largest section of voters.

RCom's cup of woes spills over

RCom's cup of woes spills over

Rediff.com   28 Nov 2017

China Development Bank takes Reliance Communications to NCLT over loan default