Shakti Patra

Articles By Shakti Patra

62 Articles

We are at fag end of cycle, economy is expected to grow faster: Rajesh Mokashi, MD & CEO, CARE

Rajesh Mokashi, MD & CEO of CARE tells at the current juncture the issuer-paid model makes more sense rather than the revenue model.

Rajesh Mokashi, CARE, revenue model, rating agencies, NPA crisis, Rating agencies, economy, ratings business, Sebi, Krishnan committee

Several companies to see fall in January-March other income

Other income of several large cap cos that have reported their Q4FY17 results so far has also seen a drop due to factors other than the Ind-AS transition.

Companies Income, falling income, Ind-AS provisions, Reliance Infrastructure income, Sridhar Narasimhan, lower finance income, Hindustan Zinc, Finance Bill, Union Budget

As India Inc Q4 results trickle in, firms eke out profits via cost control, ‘other income’

With both Infosys and Tata Consultancy Services (TCS) disappointing the Street, it’s been a subdued start to earnings season.

Capex slows down to a crawl as India Inc faces surplus capacity, over-leveraged balance-sheets problems

With surplus capacity in the economy at close to 25% and corporate balance sheets still over-leveraged, the pace of capital expenditure (capex) remains slow.

economy, corporate balance sheets, India Inc, Capex slows down, Capex

Rating agencies rain downgrades on India Inc; 3,500 companies marked down vs 1,800 upgrades

Rating agencies mark down 3,500 companies versus 1,800 upgrades, for a downgrades to upgrades ratio of 1.94.

Reliance Jio impact: Idea Cellular-Vodafone merger set to hit Bharti Infratel revenue

While Bharti Infratel's profit has more than doubled since the company went public in FY13, rising at a compounded annual growth rate (CAGR) of over 33% in the three years to FY16.

Indian rupee soars to 18-month high, IT, Pharma sectors get set for big hedging blow

The rise of the rupee to an 18-month high against the US dollar on Monday to a level of 65.0350, will very likely hurt earnings of several exporters in Q4 FY17 including IT services providers and drug manufacturers.

Hit by rating downgrades, India Inc’s debt profile plunges

Firms which saw upgrades in February were lowest since May 2016.

India Inc Q3 results season: With topline growth muted, corporates reluctant to expand businesses

Recovery continues to elude India Inc which turned in a mediocre show for the three months to December 2016.

Infosys’ R Seshasayee says no ‘hush money’ paid to Rajiv Bansal; Vishal Sikka’s $11 mn pay courtesy high targets

Even as he tried to downplay differences between the Infosys board and the company’s founders, R Seshasayee, chairman of Infosys, on Monday asserted there had been no impropriety relating to the severance payout to former C

Oil PSUs integration may birth not one, but two entities; authorities planning VRS scheme

The proposed restructuring of oil PSUs (public sector undertakings) — announced by the finance minster in his Budget speech — might result in not one but a couple of integrated entities, according to consultants working w

RatanTata-Cyrus Mistry row: Tata Sons removes Mistry from board

Although he’s still fighting it out in the courts, it’s probably the end of the road for Cyrus Mistry who on Monday lost his seat on the board of Tata Sons.

Ratan Tata, N Chandrasekaran, Tata Group, Jamshedpur, Tata Steel

Relief for India Inc? Rating agencies upgrade debt of 138 firms

The 16-month long trend of more debt downgrades than upgrades was broken in January with rating agencies upgrading the debt of 138 companies while downgrading that of just 94.

Budget 2017, Budget 2017 what to expect, Budget 2017 latest news

Union Budget 2017 looks to limit sops; move may impact Schneider Electric, Mukand hard

Schneider Electric Infrastructure, for instance, had reported a net loss of Rs 18.2 crore despite earning an EBITDA of Rs 39.8 crore and hence did not pay any tax in FY16

Union Budget 2017: Arun Jaitley eases FPI tax fears, Sensex soars to 3-month high of over 28,000

Stocks rallied smartly on Wednesday after the government clarified that categories I & II foreign portfolio investors (FPIs) would continue to be exempted from indirect transfer provisions.

Union Budget 2017: Arun Jaitley eases FPI tax fears, Sensex soars to 3-month high of over 28,000

Cyrus Mistry vs Ratan Tata: Ousted chief alleges breakdown of corporate governance at Tata Group

In a fresh affidavit filed in the National Company Law Tribunal (NCLT) on Monday, ousted Tata Sons chairman Cyrus Mistry has sought to prove the breakdown of corporate governance in the Tata Group and how some board members w

Cyrus Mistry fired first shot at Ratan Tata? Mooted governance draft to restrict Tata Sons role

Draft framework was sent by Mistry to Tata a month before he was sacked

BSE IPO leaves a clutch of investors disappointed; here’s why

BSE’s initial public offering (IPO), while a relief for shareholders looking for an exit, has left a clutch of investors with little to cheer about.

Fino Paytech set to start payments bank ops from April

Fino Paytech, one of the 11 entities that have received in-principle approvals for payments bank, is all set for an April 1 rollout, sources told FE.

Fino Paytech set to start payments bank ops from April

After ouster Nusli Wadia files criminal defamation suit against group; Ratan Tata thanks shareholders for support

It was a day of intense drama and activity for the Tata Group as well as its friend-turned-foe Nusli Wadia, who has already been ousted as an independent director from two Tata firms in the last two days.

Ratan Tata vs Cyrus Mistry: Nusli Wadia continues tirade, but stays away from from Tata Motors EGM

Friend-turned-foe of the Tatas, Nusli Wadia, on Thursday continued his tirade against the group while staying away from the extraordinary general meeting of Tata Motors convened to remove him as an independent director.

Ratan Tata Vs Cyrus Mistry: Nusli Wadia says Tata EGMs ‘managed’, abstains from Tata Steel meeting

Long-time friend and ally of the Tatas, Nusli Wadia, stayed away from the extraordinary general meeting (EGM) of Tata Steel on Wednesday where shareholders voted on a resolution to remove him as independent director.

In war with Ratan Tata, Cyrus Mistry blinks, but vows to open new front

The battle lines between Ratan Tata and Cyrus Mistry were drawn afresh on Monday after the latter resigned from six Tata group companies saying he would take the fight to the court and vowing to restore corporate governance a

Despite negative cash flow, PSU capex plans for the year on track

Despite negative cash flows last year, most enterprises will spend what they planned

Cyrus Mistry loses vote in TCS, but all does not go Ratan Tata’s way

With Cyrus Mistry, the ousted chairman of Tata Sons, staying away from the shareholders' meeting of Tata Consultancy Services (TCS) on Tuesday, there were fewer fireworks than anticipated.

Cyrus Mistry ousted from Tata Industries; ejection from TCS hangs fire

A day before shareholders of Tata Consultancy Services (TCS) vote on a resolution to remove Cyrus Mistry as director of the company, Tata Industries on Monday dismissed Mistry as director of the company.

Tata Beverages claims system failure, refuses to give meeting video to Cyrus Mistry

Tata Global Beverages, which at its board meeting on November 15 removed Cyrus Mistry as its chairman, did not provide the video recording of the meet when demanded by the latter. The company says no recording took place due

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