Amrit Raj
Livemint
India
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Past articles by Amrit:
SBI stands by Jet Airways but wants Naresh Goyal to step down
SBI asks Naresh Goyal, his wife Anita, and two nominee directors, Nasim Zaidi and Gaurang Shetty, to step down from the board as well as executive roles.SBI chairman Rajnish Kumar says lenders would make all efforts to keep Jet Airways from slipping into bankruptcy → Read More
Etihad unlikely to get on board with Jet Airways bailout plan
Etihad Airways' board not prepared to meet Jet Airways bailout terms proposed by lenders led by SBI.Another contentious issue is Naresh Goyal's demand for removal of the perpetuity clause that caps his shareholding to 22% → Read More
Zee may sell 20% stake to Sony for ₹13,000 crore
Subhash Chandra wants a 30% premium, seeks to retain 20% in the firm.The entire amount raised through the stake sale would be used to repay promoter debt → Read More
Ola in talks to buy custom-made e-vehicles
Ola Cabs wants to replicate Didi Chuxing Technology’s move of tieing up with auto makers for custom cars.The talks are also focused on efficient battery management systems that are key to operating such vehicles → Read More
Etihad will invest in Jet Airways, but several conditions apply
As per the MoU for Jet-Etihad deal, 15% of the total share capital of Jet Privilege—pledged to HSBC for a $150 million loan—will have to be made available to Jet Airways.Etihad has also sought completion of the ₹4,000 interim financing in Jet Airways before making an investment → Read More
Shortage of jobs? It’s a wrong perception created by oppn: Adi Godrej
I am strong believer that political parties should be funded by the government as it is done in many countries.I think our measurement of income and employment is still not very good → Read More
No family business for India Inc.'s next-gen
Next-gen family members are now keen to start independent entities, and not carry forward past legacies → Read More
Maruti Suzuki, Mahindra see end of road for diesel cars
Maruti’s talks with Suzuki include whether it should completely stop producing diesel cars in IndiaMahindra wants to petrol variants across models, barring the Bolero, says managing director Pawan Goenka → Read More
Mahindra lost out on the SUV growth opportunity: Pawan Goenka
Mahindra MD and 'Father of Scorpio' Pawan Goenka is bullish on XUV300 to rake in the missing volumesBolero and Scorpio that continue to do good numbers will be updated to meet BS VI emission norms, he says → Read More
Bajaj Group plans for Gen Next with a family settlement
The Bajaj group now has the rare distinction of being India’s only large business family that has stuck together for four generations and is making way for the fifth → Read More
Yes Bank didn’t consult Rana Kapoor, Madhu Kapur on CEO names
Yes Bank has sent RBI a shortlist of names for the new CEO’s appointment according to recommendations by leadership advisory firm Korn Ferry → Read More
Ford posts a profit in India, 20 years after driving in
The emerging markets plan has helped Ford grow its India business from $2.1 billion in 2015-16 to $2.8 billion in 2016-17 and $3.4 billion in 2017-18 → Read More
JLR loses operating leverage over China sales, Brexit
JLR woes have raised concerns among investors and shareholders about how Tata Motors shares will fare going forward and the automaker’s ability to continue paying dividends → Read More
Maruti’s stock is Suzuki’s worry
Maruti Suzuki’s market cap has slid to near parent Suzuki’s level as a weak rupee, high oil prices and slow sales take the toll → Read More
Kevin Flynn: In the driving seat
The MD of the local unit of Fiat Chrysler Automobiles talks to Mint about how the Jeep Compasshelped overhaul the India business, finding work-life balance and hoping to visit the Taj → Read More
‘We are in dire straits, please help us,’ a desperate IL&FS urged govt
Hari Sankaran, S.B. Mathur held a series of meetings with finance ministry officials last month seeking a bailout → Read More
JSW eyeing GM’s Pune plant to make its electric car
GM is in advanced talks with JSW Energy to sell its Pune plant, where the Sajjan Jindal-led firm plans to make its electric car, code-named JSW car, and sell it in the range of ₹ 12-15 lakh. → Read More
IL&FS plans fire sale of financial services unit
IL&FS has hired SBI Capital to find an investor for the majority stake in IL&FS Financial Services, which reported a ₹ 99.6 crore profit in the year ended 31 March → Read More
Lenders put Jet Airways under ‘default’ status at least 8 times since February
Banks such as IOB, PNB, SBI and Yes Bank have shifted Jet Airways to ‘default’ status on at least two occasions each since February, shows a 13 August repayment history of Jet Airways available with the RBI → Read More
IBC is a deep reform, much more than GST and note ban: Kumar Mangalam Birla
In an interview, chairman of Aditya Birla Group chairman Kumar Mangalam Birla says reforms and their effects have given Birla the confidence to pursue aggressive growth for his group, as witnessed in his aggressive pursuits in the cement business and the latest acquisition of Aleris → Read More