The crystal ball: RBI report foresees NPA woes
According to the RBI, the gross NPA ratio of all scheduled commercial banks may increase from 7.5% in September 2020 to 13.5% by September 2021, and even escalate to 14.8% in severe stress scenario.
restructuring
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LVB crisis: Same story, different characters
The 30-day moratorium on Lakshmi Vilas Bank is similar to YES Bank, protecting depositors and employees, but retail shareholders would be worst hit if amalgamation with DBS Bank India goes through.
Jio Platform’s valuation may only be second to Amazon
According to a Jefferies research report, at an estimated valuation of $65 billion-$70 billion, the newly formed Jio Platform’s EV/Ebitda multiple could be ahead of Alibaba, Alphabet, and Apple.
Tata Global Beverages restructures international operations
Ajoy Misra, MD and CEO, says the restructuring will lead to better synergies, cost optimisation and increased focus on core business.
What’s Choksi smiling about?
Gitanjali gems’ managing director says the prime securities issue is “all humbug” and claims there’s a turnaround plan. He’s got some convincing to do.
The inside story of a recovery
Corporate debt restructuring is a make-or-break process for companies that find it difficult to repay loans. For Wockhardt, it turned out to be a life-saving procedure.
Naik’s successor
L&T’s legendary A.M. Naik finally confirms his successor in an exclusive to Fortune India. But he won’t have the luxury of an easy retirement.
Jignesh Shah: What’s after the fall?
Once described as the biggest innovator in the Indian financial market, what’s going to be his fate and that of his exchanges?
Thomas Cook takes a new trip
In 10 years, the storied Thomas Cook name will cease to exist in India’s travel industry. Here’s how the granddaddy of travel planners is preparing for that future.
Back in shape to take on the world
After losses for two years, AGC Networks is not only out of the woods but is also a leaner company ready to meet the demands of a more evolved market.
