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Friday, Aug 23, 2019
Ramsurya Mamidenna

Ramsurya Mamidenna

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Mumbai-based Ramsurya writes on the big business houses and a host of sectors

articles by Ramsurya Mamidenna (139 results)
May 19, 2016 17:01
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... read more
May 16, 2016 11:00
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... read more
May 01, 2016 22:12
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 read more
Apr 18, 2016 18:32
TCS, India’s largest software exporter on Monday said its fiscal fourth quarter net profit grew 64.4% year-on-year. read more
Apr 17, 2016 22:59
SunEdison is in talks to sell its Indian solar assets to Finland’s Fortum Group as liquidity problems globally crimp its balance sheets. read more
Apr 16, 2016 14:32
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. read more
Apr 15, 2016 12:31
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. read more
Mar 22, 2016 23:44
After the tough stance adopted by banks towards steel companies with stressed loans, their promoters are offering to bring in strategic investors. read more
Mar 14, 2016 00:23
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... read more
Mar 11, 2016 21:21
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... read more
Mar 08, 2016 23:18
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. read more
Mar 08, 2016 11:37
Bullion is used on a large scale to park illegal income, and constitutes almost one-third of India’s annual gold imports read more
Mar 06, 2016 22:17
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,... read more
Feb 26, 2016 18:32
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. read more
Feb 09, 2016 23:47
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. read more