Sumeet Chatterjee And Aradhana Aravindan

Stories by Sumeet Chatterjee And Aradhana Aravindan

Can Snapdeal become India's Alibaba?

Can Snapdeal become India's Alibaba?

Rediff.com   30 Oct 2014

The 24-hour delivery offer applies only to select postal codes and is not available across the country.

Banks pile pressure on Mallya over airline loans

Banks pile pressure on Mallya over airline loans

Rediff.com   6 Sep 2014

Mallya, once known as the "King of Good Times" for his flamboyant lifestyle, has until Friday to appear before an IDBI committee to explain why he should not be declared a "wilful defaulter".

Piramal, Dutch fund tie up for $1 bn infra investment

Piramal, Dutch fund tie up for $1 bn infra investment

Rediff.com   30 Jul 2014

Piramal, controlled by billionaire Ajay Piramal, and APG will invest in local infrastructure companies through rupee-denominated mezzanine instruments.

Riding on Modinomics hopes, indebted cos rush to lock in funds

Riding on Modinomics hopes, indebted cos rush to lock in funds

Rediff.com   7 Jul 2014

A sluggish economy and stalled bureaucratic decision-making for the past two years thwarted capital investment and dented earnings, making it tough for the companies to raise funds.

Rajasthan block: Cairn India gets nod for raising oil output

Rajasthan block: Cairn India gets nod for raising oil output

Rediff.com   17 Jun 2014

The panel, however, set some conditions for the company, including that Cairn India will have to upload the status of environment compliance, including results of monitored data, on its website and update it periodically.

Modi's landslide win may bring IPOs back to table

Modi's landslide win may bring IPOs back to table

Rediff.com   21 May 2014

Several brokerages lifted their outlooks for the BSE Sensex and companies were queuing to ride the wave of political euphoria

Vodafone begins arbitration against India in tax dispute

Vodafone begins arbitration against India in tax dispute

Rediff.com   8 May 2014

The British mobile phone operator was widely expected to go for an international arbitration after its talks with the Indian government failed to find a solution last year.

Honda recalls more than 31,000 cars in India

Honda recalls more than 31,000 cars in India

Rediff.com   5 May 2014

A total of 15,623 Brios and 15,603 Amaze cars will be recalled

India's drug inspectors hard-pressed to scrutinise factories

India's drug inspectors hard-pressed to scrutinise factories

Rediff.com   7 Apr 2014

There are just 1,500 drug inspectors responsible for more than 10,000 factories in India

Maruti Suzuki net profit rises 36%

Maruti Suzuki net profit rises 36%

Rediff.com   28 Jan 2014

Maruti Suzuki, India's biggest carmaker, reported a 36 per cent rise in third-quarter net profit, matching estimates, as favourable foreign exchange movement and cost reduction efforts offset falling sales.

3 banks to help govt sell Axis shares

3 banks to help govt sell Axis shares

Rediff.com   21 Jan 2014

At the bank's current market price, the stake on offer is worth about Rs 5,700 crore

USFDA raises concerns about Ranbaxy's Toansa plant

USFDA raises concerns about Ranbaxy's Toansa plant

Rediff.com   13 Jan 2014

All of Ranbaxy's India-based factories are currently banned by the FDA from exporting medicines to the United States, the company's largest market, after the regulator's inspection found violation of its so-called good manufacturing practices.

Wockhardt hit by FDA alert on another plant

Wockhardt hit by FDA alert on another plant

Rediff.com   27 Nov 2013

Its factory in Chikalthana in western India was last month hit by the British drug regulator's curb on imports from the plant over manufacturing deficiencies.

Tata Motors' Q2 net surges 71%, beats estimates

Tata Motors' Q2 net surges 71%, beats estimates

Rediff.com   8 Nov 2013

At home, passenger and commercial vehicle sales have suffered from an environment of high interest rates and fuel prices in an economy growing at its slowest pace in a decade.

Suspected human hair in tablet cited in Ranbaxy ban

Suspected human hair in tablet cited in Ranbaxy ban

Rediff.com   18 Sep 2013

Ranbaxy, which is 63.5 per cent-owned by Japan's Daiichi Sankyo Co and gets more than 40 per cent of its sales from the United States, did not immediately respond to a request on Wednesday for comment on the FDA observations.

Drugmakers draw more FDA scrutiny as US imports rise

Drugmakers draw more FDA scrutiny as US imports rise

Rediff.com   13 Sep 2013

And when an inspector asked about the contents of unlabelled vials in the laboratory glassware washing area, a plant worker dumped them down a sink and said the contents could not be determined, according to a July 18 letter from the US Food and Drug Administration to Wockhardt, which makes sterile injectable drugs and various forms of insulin.

Sun Pharma in talks to buy Meda for $5-$6 billion

Sun Pharma in talks to buy Meda for $5-$6 billion

Rediff.com   31 May 2013

Acquisition to boost its generics business in developed markets.

Morgan Stanley to sell India wealth mgmt biz to StanChart

Morgan Stanley to sell India wealth mgmt biz to StanChart

Rediff.com   20 May 2013

The deal underscores a growing trend of consolidation in Asia's wealth management industry.

Private equity looks to pounce on cut-price India infrastructure

Private equity looks to pounce on cut-price India infrastructure

Rediff.com   16 May 2013

Would-be investors such as KKR, the Blackstone Group and Macquarie Group are looking at buying into completed projects.

Shell approaches high court over tax demand order

Shell approaches high court over tax demand order

Rediff.com   25 Apr 2013

Authorities claimed that a share sale by the company to its overseas parent in 2009 was undervalued by about Rs 15,200 crore.