Mumbai-based Ramsurya writes on the big business houses and a host of sectors
Articles by Ramsurya Mamidenna
Pay disparity at banks: Is Rajan correct to stoke the debate?
Most public sector jobs are seen as a source of joy when you get it. But that enthusiasm gradually morphs into frustration and disappointment when counterparts who started careers simultaneously, are leagues ahead in salaries and responsibilities.
Updated on Aug 18, 2016 12:54 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Mistry sets up new model to spot future Tata leaders
Published on Aug 09, 2016 06:25 AM IST
Rajan likely to step down from RBI governor’s role with rates on hold
Raghuram Rajan will present his last monetary policy on August 9 as governor of the Reserve Bank of India (RBI). And as the curtains fall on his eventful three years in office – his term ends in September — the former IMF chief economist would leave on a high note as the government last week accepted a retail inflation target of 4%.
Updated on Aug 09, 2016 11:24 AM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Rajan likely to step down from RBI governor’s role with rates on hold
Published on Aug 08, 2016 07:24 AM IST
‘It is better to have 100 small IPOs from SMEs than four from startups’
Published on Aug 03, 2016 08:21 AM IST
Dish TV in talks to acquire Videocon DTH for $1 billion
Published on Jul 06, 2016 06:36 AM IST
Nachiket Kelkar and Ramsurya Mamidenna
Raghuram Rajan, the sheriff of Mint Road, walks into the sunset
Raghuram Rajan’s masterstroke three years ago brought in about $34 billion via the FCNR route, and helped India build a war chest to stem future shocks to the rupee. The country now has a record $363.5 billion in forex reserves, with the week through to June 3 adding the maximum: $3.3 billion.
Updated on Jun 20, 2016 11:21 AM IST
Hindustan Times | Beena Parmar and Ramsurya Mamidenna, Mumbai
Inflation warrior’s departure comes at a bad time: Industry
Published on Jun 20, 2016 05:57 AM IST
Ramsurya Mamidenna and Beena Parmar
‘Guv only sets direction... Individuals come and go, but institution remains’
Published on Jun 08, 2016 11:49 AM IST
Beena Parmar, Ramsurya Mamidenna and Suveen Sinha
HT Interview| Individuals come and go, but institution remains: RBI guv Rajan
With the government going ahead with the idea of creating a bad bank, Reserve Bank governor Raghuram Rajan on Tuesday made his concerns clear on the ownership of such a vehicle to tide over the bad loan menace, saying the lenders should hold a minority stake in any stressed assets fund.
Updated on Jun 08, 2016 01:34 PM IST
Hindustan Times | Beena Parmar, Ramsurya Mamidenna and Suveen Sinha
Debu Bhattacharya steps down as Hindalco Industries MD
He will continue his association with the group as vice-chairman of Hindalco, a post created for the first time in the Mumbai-based conglomerate.
Updated on May 29, 2016 08:09 AM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
‘No job losses from SBI’s merger with associates’
SBI stirred the hornet’s nest when it announced late Tuesday that its board has discussed a proposal to merge 5 associate banks with itself. Fears of job cuts and an unwieldy wage and pension bill were thrown up as reasons the merger wont work. SBI managing director and group executive (associates and subsidiaries) V G Kannan played down the concerns, clearly stipulating that there will be no job losses.
Updated on May 19, 2016 05:02 PM IST
Hindustan Times | Beena Parmar and Ramsurya Mamidenna, Mumbai
BoB CEO to tackle huge net loss with long-term view
Bank of Baroda (BoB), India’s second-biggest bank by assets, which reported a huge net loss of Rs 3,230 crore in the January-March quarter, expects a turnaround in the current fiscal with higher recoveries and lower bad loans, backed by a no-soft-option approach scripted by CEO PS Jayakumar and the senior management. With a rise in provisions towards pension and other liabilities, and gross bad loans of Rs 40,500 crore in the fourth quarter, Jayakumar is looking to decentralise systems and compliances.
Updated on May 16, 2016 11:48 AM IST
Hindustan Times | Beena Parmar and Ramsurya Mamidenna, Mumbai
Delay in JSW-JSPL deal brings family charters under scanner
Sajjan-led JSW Energy wants to buy a power plant from Naveen’s JSPL so that the latter can pare its Rs 42,000-crore debt but experts say it is difficult to enforce all aspects of the agreement legally
Published on May 01, 2016 10:12 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
TCS reports 64.4% growth in Q4 net profit, beats estimates
TCS, India’s largest software exporter on Monday said its fiscal fourth quarter net profit grew 64.4% year-on-year.
Updated on Apr 19, 2016 02:06 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
With costs coming down, companies rushing to green energy
SunEdison is in talks to sell its Indian solar assets to Finland’s Fortum Group as liquidity problems globally crimp its balance sheets.
Updated on Apr 18, 2016 03:04 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
US jury slaps $940 million fine on Tata in trade secret case
A US grand jury has slapped two companies of India’s Tata group - Tata Consultancy Services and Tata America International Corp - with a US $940 million fine in a trade secret lawsuit filed against them.
Updated on Apr 17, 2016 10:47 PM IST
Yashwant Raj and Ramsurya Mamidenna, Washington/mumbai
Karvy to sell majority stake in NBFC
Stock broking and financial services group Karvy has initiated efforts to sell majority shareholding in its non-banking finance arm, Karvy Finance, to raise funds for reducing leverage and financing future plans.
Published on Apr 15, 2016 12:31 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
NPA-stung steelmakers look to rope in strategic investors
After the tough stance adopted by banks towards steel companies with stressed loans, their promoters are offering to bring in strategic investors.
Updated on Mar 23, 2016 01:37 AM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Mallya mayhem: Bayer, Sanofi, UB, Mangalore Chem need board rejig
Since Mallya, along with United Breweries (Holdings) Ltd (UBHL) and associate companies, own equity shareholding in three listed firms — United Spirits Ltd (USL), United Breweries Ltd and Mangalore Chemicals and Fertilisers — the Sebi order could hit plans of these three companies, legal experts said.
Updated on Mar 14, 2016 01:53 AM IST
Hindustan Times | Ramsurya Mamidenna and Kalyan Subramani, Mumbai/bengaluru
Will Vijay Mallya start a liquor business in the UK now?
Typically, non-compete agreements are signed when a person is leaving a business and undertakes to not enter a similar line of business for an agreed period. The agreement entails that Mallya will not get involved in liquor business in any country other than UK.
Updated on Mar 12, 2016 01:12 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Did lenders flout rules while pledging the KFA brand for loans?
The move to pledge the Kingfisher Airlines brand with IDBI Bank to raise around Rs 900 crore has raised questions since this is not a common method for lenders to extend loans, as intangible assets do not offer a clear estimate of future cash flows.
Updated on Mar 08, 2016 11:19 PM IST
Hindustan Times | Beena Parmar and Ramsurya Mamidenna, Mumbai
Jewellers get behind the govt in black money battle, to stop selling gold bars, but extend strike
Bullion is used on a large scale to park illegal income, and constitutes almost one-third of India’s annual gold imports
Published on Mar 08, 2016 11:37 AM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
UltraTech to restructure Jaypee deal if mining laws not amended
The Aditya Birla Group will work with banks and Jaiprakash Associates (Jaypee) towards creating a separate corporate structure for the cement operations of Jaypee that it has agreed to acquire, if the amendment on a key mining legislation, stuck in Parliament, does not come through within three months.
Updated on Mar 07, 2016 01:18 AM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
After the good news, the bad: Sebi lens on Mallya’s ‘sweetheart deal’
Sebi is also likely to take up the issue of exempting Mallya from being bound by a non-compete clause for the UK, while applying it in the rest of the world. USL is 54.7% controlled by Diageo.
Updated on Feb 26, 2016 11:30 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
