All stories by Sachin P Mampatta
Falling sales add a new worry to corporates: Rising inventory
Rediff.com26 Jan 2020Net sales growth for the quarter ended December (Q3FY20) was 4.5 per cent on a year-on-year (YoY) basis for companies that have declared their results so far, compared to an 8.4 per cent rise in the first half of the financial year. This indicates that there could be a further rise in days' sales of inventory.
Companies with worst corporate governance scores
Rediff.com19 Dec 2019Recently listed companies scored 54, compared to 58 for the BSE100 firms and 61 for entities in the Sensex pack. The report noted that issues remain in IPO companies in which there seems to be a need to institutionalise governance practices.
CSR spends and the menace of ghost beneficiaries
Rediff.com16 Dec 2019Ghost beneficiaries aren't the only kind of issue companies face during a period of unprecedented CSR spending, touching nearly Rs 12,000 crore in 2018-19. Frauds related to procurement, construction, and end-use of funds have had companies engaging forensic auditors to keep tabs on how money is spent, revealed conversations with those involved in such investigations. Firms are also increasingly strengthening their own capabilities to better implement their programmes.
CSR spend by listed companies highest-ever in FY19
Rediff.com13 Dec 2019The biggest spend (Rs 4,406 crore) was for Schedule VII (II), which involves "promoting education, including special education and employment enhancing vocation skills, especially among children, women, elderly and the differently abled and livelihood enhancement projects". The FY19 spend was 17.2 per cent higher than Rs 1,0128.3 crore spent during the previous year.
Indian hedge funds way behind Asian peers
Rediff.com10 Dec 2019Indian funds did better than Asian ones in only four of the 10 months -- till October. Despite much market optimism, presumably around policy interventions and guided by buoyant flows, India's macro backdrop may be turning for the worse.
5 superstar investors end Samvat 2075 with tepid gains
Rediff.com4 Nov 2019While Rakesh Jhunjhunwala is up 14.9% during the year to Rs 12,381 cr, Ashish Dhawan is up 68.4% to Rs 810 cr, Ashish Kacholia is down 23.4% to Rs 515 cr, Rajiv and Dolly Khanna are down 74.6% to Rs 116 cr and Vijay Kedia is down 6.2% to Rs 294 cr.
India Inc still reeling under the menace of data theft
Rediff.com9 Oct 2019Around 41 per cent of these companies saw such instances, compared to the global average of 29 per cent. India's number is higher than other countries such as the United States (26 per cent), the United Kingdom (32 per cent) and Japan (27 per cent). It is also worse than other emerging markets. China had 39 per cent of firms affected by data theft. It was 19 per cent and 16 per cent for Brazil and Russia, respectively.
LIC's investment in private sector at 16-year low
Rediff.com26 Sep 2019This is despite the private sector companies outperforming their public sector counterparts, reports Sachin P Mampatta.
Debt profile worsens for V G Siddhartha's unlisted private companies
Rediff.com1 Aug 2019The financials of six privately held companies associated with Siddhartha show an increase in debt and falling ability to meet short-term obligations.
Brokers exit cash segment, numbers drop by a quarter
Rediff.com24 Jul 2019High regulatory expectations and advent of discount broking have made old-style brokerage businesses unviable.
It will take 346 years for you to match your MP's assets
Rediff.com5 Jun 2019The average assets of an MP are now 345.8 times that of an annual income of a tax-filing individual, reports Sachin P Mampatta.
As party spends drop, Facebook political ad revenues tapers off
Rediff.com17 May 2019The cumulative spends on Google are in excess of Rs 27.4 crore. There have been 14,837 advertisements on Google platforms.
FB ad spending: BJP loses top spot to Cong in poll week
Rediff.com11 Apr 2019The Congress topped the list of pages with the highest spends for the week ended April 6.
BJP-friendly ads dominated Facebook since February, shows data
Rediff.com22 Mar 2019A page called 'My First Vote For Modi' accounts for the largest number of ads by number (2,765). Another one called 'Bharat Ke Mann Ki Baat' was second (2,429). 'Namo Supporters' was third with 2,153 ads, reports Sachin P Mampatta.
Equity markets lost sheen in Q3
Rediff.com7 Mar 2019A combination of fewer listings and falling 'average daily traded value' contributed to the drag in Q3.
Pakistan's economic woes don't allow a conflict with India
Rediff.com6 Mar 2019The country has been facing an ever-rising fiscal deficit, increasing debt and a hamstrung economy.
'Indian economy is best performer in the world'
Rediff.com26 Feb 2019'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
Stockbrokers to set up shop overseas
Rediff.com13 Feb 2019'NRI interest has gone up in the past three-four years.'
Chanda Kochhar and 'clawback provisions'
Rediff.com4 Feb 2019'If she contests it, then these people will have to fight it in court.'
India will grow no matter who comes to power
Rediff.com22 Jan 2019'People always short-change the resilience of the economy.'