The Year That Was – Corporate & Industry
Corporate sector saw many important developments during the year. A large number of them involved downfall of a company/ its promoter but an important success, ArcelorMittal getting control of Essar…
BSNL – MTNL Revival – Can They Pull if off??
The response to the VRS (voluntary retirement scheme) offers of BSNL & MTNL has been unprecedented and has given a boost to government’s attempt to revive them. Almost half of…
Essar Steel Insolvency – An Unending Saga..!
The Supreme Court’s decision last week setting aside the ruling of NCLAT (National Company Law Appellate Tribunal) should bring a finality to this high profile insolvency case. The insolvency process…
Corporate Governance – Where is India Inc Headed??
India Inc is facing crisis of confidence with unraveling of cases of frauds committed by the top management in the recent past. The latest in the list is allegations of…
RIL’s Evolving Strategy – Aramco Deal and Beyond
The deal between RIL and Saudi Aramco announced last week is part of several de-leveraging measures being undertaken by RIL and the biggest of all. For Aramco, it is an…
DHFL – Understanding the Crisis
Dewan Housing Finance Corporation Ltd (DHFL) had a bad last month with series of defaults/delayed payments, downgrade of debt papers to default grade, sale of some of the assets and…
Tata Steel – Understanding the Strategic Realignment
The decision to call-off the joint venture with ThyssenKrupp is quite a setback for Tata Steel trying to reduce its global exposure. Yet, it is an interesting phase for the…
Reliance Industries – FY19 Results Analysis
Reliance Industries (RIL), the largest private sector company in the country, recorded a huge increase of 44% in its turnover for the year ended March’19. Equally phenomenal is the fact…
Corporate Analysis – Coal India Ltd
Coal India Ltd (CIL) has recorded production of 640 million tons of coal during FY19, a significant increase of over 7% after just 2.1% in FY18. While this could be…
Corporate Battle – Can L&T Wrest Mindtree??!
Share purchase agreement for 20.3% stake in Mindtree between Larsen & Toubro (L&T) and an existing investor is the beginning of an interesting takeover bid. The bid is generating lot…