Former diplomat wrote to PM Modi requesting waiver of the cooling-off period, will now report directly to Tata Sons executive chairman N. Chandrasekaran.
In this fascinating phase in our post-reform political economy, corporate India has seen its power hit rock-bottom exactly when there is talk of rampant crony capitalism.
Compassion and cohabitation with animals are ingrained in the Indian value system. A humane solution must be found for the rising conflict between man and free-range animals.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
One fears there will be no serious buyer for Air India. Asking the successful bidder to absorb $ 5 billion of debt is a complete deal breaker. The 26% retention of shares by the government is meaningless. This is not Hindustan Zinc, where a company valued at 400 crores at the time of disinvestment is now worth 2 trillion and the government’s stake is valued at 55,000 crores. 2. Since this is the last year of the present term, the government will simply go through the motions. Either greatly simplified terms of disposal may fetch a buyer or the airline will have to be shut down, with its assets being sold piecemeal. That will be a pity, since the brand will cease to exist. 3. Willy nilly, the debt will be taken over by the government, which will also give its employees a fair severance package. Not being able to complete a single disinvestment will show up on the Report Card.
One fears there will be no serious buyer for Air India. Asking the successful bidder to absorb $ 5 billion of debt is a complete deal breaker. The 26% retention of shares by the government is meaningless. This is not Hindustan Zinc, where a company valued at 400 crores at the time of disinvestment is now worth 2 trillion and the government’s stake is valued at 55,000 crores. 2. Since this is the last year of the present term, the government will simply go through the motions. Either greatly simplified terms of disposal may fetch a buyer or the airline will have to be shut down, with its assets being sold piecemeal. That will be a pity, since the brand will cease to exist. 3. Willy nilly, the debt will be taken over by the government, which will also give its employees a fair severance package. Not being able to complete a single disinvestment will show up on the Report Card.