Sandeep Singh

Profile

Govt tells PSUs: Have to pay dividend, borrow to fund expansion costs
Tue, Nov 21, 2017

IRCTC, Rail Vikas Nigam Ltd and Goa Shipyard Limited were told last month to pay “maximum permissible dividend (100 percent of profit after tax) as dividend” as there was “enough scope to leverage its net worth to meet their investment requirements”.

Vehicles not the main source of pollution, causes are different: Maruti Suzuki chairman RC Bhargava
Sat, Nov 18, 2017

"The main problem in the north India is the PM2.5 particulate matter as they are very small and can cause serious health problems. We need to identify the sources of PM2.5 particulate matter," RC Bhargava said

Fund surge: Physical assets’ loss is equity market’s gain
Fri, Nov 17, 2017

The biggest beneficiary of waning attractiveness of traditional investment instruments, thanks to multiple factors like demonetisation, govt’s cashless push and low interest rates, has been the stock markets.

Paradise Papers: Before winding it up, Cognizant waived loans to its Isle of Man entity
Fri, Nov 10, 2017

Paradise Papers: While the stated reason for setting up the company was to bring a team of up to five people to the Isle of Man to deliver a project for Lloyds TSB, the group decide to wind up the company in Isle of Man stating that it has not been generating revenues.

Paradise Papers: GMR firm bought plane, sold it in two weeks at loss
Thu, Nov 09, 2017

For, within a fortnight, GADL sold this plane to a US-based aircraft sales and acquisition company Avpro Inc. for $23 million — thereby incurring loss of $4.5 million in its books.

Paradise Papers: Argentina firm roped in Appleby on $2-mn dues from Jindal
Thu, Nov 09, 2017

The arbitration was for payment due to Ultrapetrol for the work it did as a contractor engaged by JSPLM for its business in Bolivia.

Paradise Papers: From Mauritius to Malta, GMR set up web of 28 offshore firms to drive expansion
Thu, Nov 09, 2017

Looking to repay loans taken by GMR Holdings (Malta), the group instructed Appleby officials to change the nature of funds while transferring it from one group entity to another.

Paradise Papers: Appleby applauds $565-million loan from Indian banks during meltdown
Wed, Nov 08, 2017

Appleby documents show that after being acquired by Sanmar Group, TCI planned to utilise $70 million from the BNP Paribas loan to acquire a 50 per cent stake in PCL, and another $140 million to fund the repayment of the ICICI Bank loan for the acquisition of TCI.

Paradise Papers: Hindustan Times Group set up firm in Bermuda, showed Rs 7 cr loss
Tue, Nov 07, 2017

Paradise Papers: The annual report of Hindustan Times Limited for 2003-04 lists Go4i.com (Bermuda) as a subsidiary and shows that the company did not have any shareholding in the Bermuda-based entity.

Avoid tax, hide names, supply directors: Why the big guns love Appleby
Mon, Nov 06, 2017

Appleby executives visited India to network with law firms, consultancies and banks to tap the emerging rich

Paradise Papers: Biggest data leak reveals trails of India’s corporates in global secret tax havens
Tue, Nov 07, 2017

The Paradise Papers is the fourth collaborative investigation into offshore and banking assets done by The Indian Express with the ICIJ. Among the 180 countries represented in the data, India ranks 19th in terms of the number of names. In all, there are 714 Indians in the tally.

Paradise Papers throw more questions for Vijay Mallya: How did Diageo waive $1.5-billion debt?
Mon, Nov 06, 2017

Paradise Papers investigated by The Indian Express show that after he sold his United Spirits Limited India (USL) to the Diageo group in 2013, Diageo approached a London-based law firm Linklaters LLP to undertake a massive restructuring exercise to simplify the complex group structure created by Mallya.

Paradise Papers: Appleby raised red flags on supplying directors to Jindal’s Mauritius firms
Mon, Nov 06, 2017

Request for nominee directors was in relation to a loan of $35 million provided by Credit Suisse AG Singapore to the two offshore companies

IPOs raise record high funds, but only fraction is for business growth
Tue, Oct 31, 2017

Of the Rs 46,239 crore raised through IPOs in 2017 (until October 27, 2017), a record 80 per cent or Rs 37,089 crore has gone towards offer-for-sale.

Tables turned: India loses momentum as other economies gather pace
Tue, Oct 24, 2017

As per IMF data, while the US & Japan are expected to grow 50 bps higher in 2017 than the growth seen last year and China likely to grow at 6.8% against 6.7% a year ago, India may witness a slower growth rate of 6.7% in FY18 over the previous year’s 7.1%

Housing sector: Weak demand pushes bank credit growth to multi-year low
Sat, Oct 21, 2017

RBI data shows that in the nine months between December 2016 and August 2017, bank credit to the sector grew by more than 15% only in March 2017 and was below 15% in other 8 months, hitting a low of 10.5% in July 2017

GST Council meeting: New steps announced help election-bound Gujarat in particular
Sat, Oct 07, 2017

Of the 27 broad categories of items that saw a reduction in GST rates, at least eight were in segments where Gujarat is a dominant player.

If earnings don’t grow in some time, returns might fall short of expectations: Ritesh Jain, CIO of BNP Paribas Mutual Fund
Fri, Oct 06, 2017

If the earnings don’t grow and loans & household consumption continues to grow through leveraging then in few years, it will lead to stress in household balance sheet.

Critics are spreading despair but the economy is on track, says PM Narendra Modi
Thu, Oct 05, 2017

PM Narendra Modi's remarks come days after former Union Finance Minister Yashwant Sinha, in a piece in The Indian Express, had said that demonetisation and the GST rollout were poorly timed and had hit the economy hard.

Layoffs in top listed companies point to gathering growth cloud
Wed, Oct 04, 2017

Of the 121 companies in the list, while 49 saw a net decline in their employee numbers at the end of the financial year 2016-17, 68 saw some addition to their net employee strength.

Last year, Railways told MP Sachin Tendulkar: new overbridge provision has been sanctioned
Sat, Sep 30, 2017

It’s not just Tendulkar. Last year, following repeated requests from Shiv Sena MP Arvind Sawant, the then Railway Minister Suresh Prabhu had sanctioned work for an upgrade at the Elphinstone Road station.

Market, Rupee Slide: ‘Stay invested as fundamentals intact’
Fri, Sep 29, 2017

Experts say the market saw sell-off on account of weak global cues due to geopolitical tensions surrounding North Korea, recent revision of China’s sovereign rating and is expected to bounce back as fundamentals are strong.

SpiceJet’s Ajay Singh set to take control of NDTV
Sat, Sep 23, 2017

According to the source, Ajay Singh, chairman and managing director for SpiceJet, will have controlling stake in NDTV of around 40 per cent and the promoters of NDTV - Prannoy Roy and Radhika Roy - will hold around 20 per cent in NDTV.

Pragmatic realities of digital age need to be appreciated: Ravi Shankar Prasad
Tue, Sep 19, 2017

"As far as Aadhaar data is concerned, it is completely encrypted and the Aadhaar Act is very particular that it cannot be revealed for any unauthorised purposes," said Prasad.

Sebi may ease minimum holding requirement for REITs, InvITs in special purpose vehicle
Mon, Sep 18, 2017

Sebi on Monday may also look to approve a proposal where a REIT or InvIT can raise debt capital by issuing bonds. Sebi is also expected to do away with the mandatory requirement for a REIT to hold at least two projects.

Board Meeting today: Sebi likely to raise monetary fine for capital market-related offences
Mon, Sep 18, 2017

Proposal on recommendation of management consulting firm Oliver Wyman

On WTO, Suresh Prabhu reaches out to his Congress predecessors in trade ministry
Fri, Sep 15, 2017

For Prabhu, there are several challenges ahead, including the task of making headway in negotiating free trade deals with China, Japan and Australia at a time when countries around the world, including US, are turning hostile towards free trade.

On delivery concerns, non-payment of home EMIs will hit credit score: Srinath Sridharan
Fri, Sep 15, 2017

With a strong presence in the low-ticket housing category through its flagship company DHFL, WGC is well-positioned to benefit from the government’s affordable housing push as the segment is witnessing fast growth rate of around 35 per cent, he said.

Here’s why there is a sharp surge in petrol, diesel prices
Fri, Sep 15, 2017

Global oil prices are half 2014 levels, the rupee has been largely neutral against the dollar, but the prices of petrol and diesel — which change ‘dynamically’ on a daily basis — continue to be the highest in nearly 3 years. The Indian Express explain why

Expect robust data protection legislation by year-end: Ravi Shankar Prasad
Thu, Sep 14, 2017

Ravi Shankar Prasad also warned all companies dealing with data and said that if any data of an individual is released by name without his or her specific consent, the companies will have to suffer serious consequences.

Crash bars: Steamrolling safety
Wed, Sep 13, 2017

Crash bars are more dangerous than conventional bumpers and radiator grilles, which are built to crumple on impact while crash bars do not, transmitting the full force of an impact to the occupant of the vehicle as well as other road users such as pedestrians or bikers.

Stent price down, but angioplasty cost still same: Insurance firms
Fri, Sep 08, 2017

A scrutiny of bills showed the cutback in stent costs had been offset by an increase in the cost of other components needed for the procedure, including balloons and catheters.

Rajiv Pratap Rudy replaced after skilled fail to find employment opportunities
Mon, Sep 04, 2017

During his term India signed Memorandum of Understanding (MoU) with Qatar for cooperation in Skill Development and recognition of qualifications to facilitate workforce mobility, skill development and placement of youth in overseas jobs in Qatar.

Vishal Sikka gone, Infosys founders set stage for Nandan Nilekani to lead firm
Thu, Aug 24, 2017

Significantly, Nandan Nilekani had kept himself out of the boardroom battle between co-founder N R Narayana Murthy and the management and board of Infosys that played out over the last six months, often spilling into the public.

Trading Restriction on 331 ‘shell firms’: Sebi stick falls evenly on erring and better-run
Tue, Aug 22, 2017

Of the total, 162 actively traded companies’ financials show that several firms on the Sebi list have operational businesses and have been reporting quarterly revenues and profits on a regular basis

Once upon a time, N R Narayana Murthy said: It is not easy to give up power
Sat, Aug 19, 2017

As Vishal Sikka announced his resignation as CEO of Infosys, blaming “increasingly personal attacks”, industry experts say he had led the company to outperform its peers on the very parameter that Murthy had listed six years ago — net income margins.