As India tackles its bad loans problem, large local groups and global funds are gaining advantage

By March, seven companies had evinced interest in buying Lanco Infratech. The company began life in 1986 as a construction contractor, but grew into a power and infrastructure behemoth after liberalisation. Much of this growth was funded by bank loans. In June 2017, after missing its loan repayments, the company found itself on the Reserve […]

India’s bid to fix bad loan crisis is reshaping its corporate sector – and creating new challenges

After a long break, I finally — and rather sulkily — resumed work in the middle of August. Out today, the first of my trademark long-winded and tremendously depressing series: on how India’s business insolvency cases are coming along. The series — it is a four-parter — essentially argues that India needs to pay far […]

The MJ Akbar playbook: Men look back at how he preyed on women colleagues in newsrooms and got away

It’s a case that is being described as “India’s Women vs MJ Akbar”. Beginning with veteran journalist Priya Ramani, 16 women have gone public this month with sexual harassment allegations against former Minister of State for External Affairs MJ Akbar. After Akbar filed a criminal defamation case against Ramani, 17 more women who worked in […]

Modi is right. Amul was indeed an inspiring success story (but it’s all going wrong now)

Dairy cooperative Amul came in for high praise from Prime Minister Narendra Modi on Sunday. Talking to a gathering of farmers after inaugurating the cooperative’s new chocolate factory in Anand in Gujarat, Modi said the organisation represents a viable alternative to capitalism and socialism. According to a report in The Hindu, he also said, “It […]