Mumbai-based Ramsurya writes on the big business houses and a host of sectors
Articles by Ramsurya Mamidenna
Birla Corp to raise funds from group firms for Reliance Cement deal
The MP Birla group, whose flagship company Birla Corp last week announced plans to acquire Anil Ambani’s Reliance Cement Company for Rs 4,800 crore, is exploring options of raising funds for the transaction.
Published on Feb 09, 2016 11:47 PM IST
Hindustan Times | Ramsurya Mamidenna and Sumanta Ray Chaudhuri, Mumbai/kolkata
Ashok Leyland plans to exit joint venture with John Deere
In 2009, Ashok Leyland formed a 50:50 joint venture with US-based John Deere for earth moving equipment business and the first product was launched in November 2011
Published on Jan 26, 2016 12:26 AM IST
Hindustan Times | Nachiket Kelkar and Ramsurya Mamidenna, New Delhi
Finance firms bank on e-commerce for growth push
Defaults in traditional brick-and-mortar companies and the fast-projected growth in e-commerce firms are pushing finance companies, including Reliance Commercial Finance, Aditya Birla Finance, Bajaj Finance, Religare, Tata Capital, to lend to suppliers of Flipkart and Snapdeal.
Updated on Jan 18, 2016 01:12 AM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Mahindra to relook at car design as taxi apps take root
With cab services getting better and convenient, auto sales volume will be affected as apps are making mobility easier, says executive director of Mahindra Group Pawan Goenka.
Updated on Jan 15, 2016 09:08 AM IST
Hindustan Times | Nachiket Kelkar and Ramsurya Mamidenna, Mumbai
German steel giant ThyssenKrupp eyes India’s power sector
ThyssenKrupp India, the diversified German multinational which had recently voiced its interest in pitching for India’s upcoming submarine contracts, has now expressed plans to make super critical boilers for the domestic power sector through strategic collaborations with a foreign company.
Published on Dec 21, 2015 12:35 AM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
How the US Fed rate hike will impact Indian markets
India will not be immune from the impact of the 25 basis point hike in interest rates by the US Federal Reserve, but Asia’s third largest economy is better placed than most of its rivals and could actually see a gain in the bonds and rupee markets, say analysts.
Updated on Dec 17, 2015 12:30 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Economy to do well in near term despite US rate hike fears: Experts
Even as the global economy continues to grapple with recession, the economy is likely to grow by 7.9% next fiscal year despite negatives stemming from a probable US rate hike, including Credit Suisse, DBS, Goldman Sachs have said.
Published on Dec 15, 2015 11:56 PM IST
Hindustan Times | Nachiket Kelkar and Ramsurya Mamidenna, Mumbai
Stocks, rupee brace for US Fed rate hike this week
The Indian equities and currency markets could witness hectic buying and selling this week with the US Federal Reserve likely to raise interest rates during this period.
Updated on Dec 14, 2015 01:31 AM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
GMR looks to cut debt with $300-million loan raised from KIA
Infrastructure major GMR Group plans to reduce its corporate debt by 20% to 30% in 18 months, after cutting its loan by a third through the $300 million (about Rs 2,000 crore) raised from the Kuwait Investment Agency (KIA).
Updated on Dec 08, 2015 01:27 AM IST
Hindustan Times | Ramsurya Mamidenna, New Delhi
Tata can’t merely operate in home market, says Mukund Rajan
With 70% of its revenue coming from overseas markets, the Tata group is largely global. But the group continues to expand in India. Tata Sons brand custodian and member, group executive council, Mukund Rajan tells HT about how the Tata brand has been evolving.
Updated on Dec 02, 2015 03:31 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Rich Indian’s new wishlist: A luxury home in the UK
There has been a growing interest among rich Indians to buy properties in the UK.
Updated on Nov 15, 2015 11:46 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Essar Steel may rope in Japanese partner
The Ruias-led Essar Steel is looking for a foreign company, most likely Japanese, as a strategic investor, to reduce its mounting debt and fund capital expenditure plans, sources said.
Updated on Nov 08, 2015 11:14 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
New accounting norms may add to banks’ bad loans
Under the new global accounting norms that banks have to adopt from April 1, 2018, the gross level of non-performing assets (NPAs) for banks and non-banking finance companies (NBFCs) could rise significantly. Companies have to migrate to the new norms from April 1,2016.
Updated on Oct 21, 2015 11:33 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Traditional headhunters virtually turn employees to retain clients
Search firms are increasingly getting integrated into client companies as they try to claw back market share lost to growing digital companies such as Linkedin and Monster, which have rendered a large
Published on Oct 11, 2015 11:41 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
There will be demands and threats, but this is what we do: RBI guv
If the turmoil is debt-driven, it could be the third hit to the global economy in recent years. The first was the US sub-prime crisis and the second the European crisis. Rajan had foreseen the first.
Updated on Sep 30, 2015 11:54 AM IST
Hindustan Times | Suveen Sinha & Ramsurya Mamidenna, Mumbai
Tata sees digital, solar driving future business
Tata Industries will now focus on digital, solar and advanced materials as the businesses of the future.
Updated on Sep 28, 2015 11:12 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Indian shares to buck trends in gold, oil and global markets
There’s something strange happening on Indian stock markets. Notwithstanding the losses of the past 10 days, the Sensex is expected to notch up decent gains this year. The remarkable thing is that this will happen at a time when oil and gold are falling and other assets like real estate and stocks in major global markets are struggling, a wholesale breakdown of correlations for the first time in years. What’s at play, and what’s likely to happen next?
Updated on Sep 03, 2015 09:59 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Lines blurred between bears and bulls in ‘open’ era of stock trade
Typically, bear operators operate via shorting — a process where a broker borrows a particular stock from a client on speculation that it is likely to fall. He sells the stock he did not own. If the ‘short call’ is right and the stock does fall, in the second stage of the transaction he buys the stock from the market and returns to the lender. The difference is his profit.
Updated on Aug 25, 2015 11:48 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Companies may now find it easier to list on exchanges
The Sebi could likely relax norms to hasten unlisted companies to tap the primary market. The market regulator recently eased disclosure norms for listing of startups.
Updated on Aug 14, 2015 01:23 AM IST
Hindustan Times | Ramsurya Mamidenna
E-comm, health portal to drive Tata’s Rs 1000 cr digital push
The Tata Group is close to rolling out an ambitious digital exercise, aimed at pushing the 145-year-old company to tap profitable options in the new-age economy.
Updated on Aug 05, 2015 11:15 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Cloud on India, PE firms selling out to one another
Most of the private equity (PE) deals which have been completed in 2015 have been secondary transactions with private equity (PE) firms selling their stake in an investee company to each other.
Updated on Aug 03, 2015 11:10 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Ratan Tata 2.0: Start-up mentor and angel investor
Last week, when Ratan Tata flagged off a joint initiative with Google and Intel and Tata Trusts to increase Internet usage for rural women, the 77-year old Tata Sons chairman emeritus had added yet another achievement to his list of accomplishments, since he
Updated on Jul 06, 2015 10:57 AM IST
Hindustan Times | Nachiket Kelkar and Ramsurya Mamidenna, Mumbai
Missing this time: A northbound sector to pull stock markets higher
The bull run on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) over the last six months has seen the absence of a sectoral leadership, an industry that can single-handedly pull up the indices, a sharp contrast to the past 15 years, researchers said.
Updated on Jun 18, 2015 02:28 AM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Chinese power majormay invest big in IL&FS plant in Kutch
As China has now started to export coal, it becomes one of the largest suppliers of power equipment to India, with over 60% of the equipment ordered by private power developers in the country.
Updated on Jun 15, 2015 11:58 PM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Jindal, IMFA, Visa slug it out for Odisha’s chrome
Follwing the expiry of Tata Steel's mining lease for chrome ore in Odisha, stainless steel industries are vying for a greater share of the raw material .
Updated on Jun 11, 2015 01:58 AM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Existence under cloud: Lights flickering at ultra-mega power projects
In 2006, they were seen as India’s answer to its crippling power woes. But, nine years later, only two out of the total 16 ultra-mega power projects (UMPPs) have been commissioned, raising questions about the viability of the model.
Updated on May 11, 2015 02:18 AM IST
Hindustan Times | Ramsurya Mamidenna and Aman Malik, New Delhi/ Mumbai
Parag Parikh, India’s original value investor, dies in US car crash
Stock market veteran and one of India’s original value investors, Parag Parikh, died in a car crash in the US on Sunday.
Updated on May 05, 2015 08:09 AM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Foreign investors skittish on India over land bill, tax worries
At least three of the biggest global banks have told their clients to stop buying Indian shares on worries over the land bill and tax claims by the government, sources at the banks said
Updated on Apr 25, 2015 09:43 AM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
Family businesses putting in place safety nets to avoid future feuds
The public spat among members of the Vijaypat Singhania family has brought into sharp focus growing problems in Indian family businesses, and the tightly-knit groups are exploring new ways to avoid disputes triggered by the aspirations of Generation Next.
Updated on Apr 02, 2015 12:10 AM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
All in the family: In rush for directors, companies turn to wives, daughters
Many companies have opted to induct family members, including wives and daughters, as directors in a last-minute dash to meet a regulatory deadline that require stock market listed firms to appoint at least one woman director on their boards.
Updated on Apr 01, 2015 02:46 AM IST
Hindustan Times | Ramsurya Mamidenna, Mumbai
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