More realistic NPA recognitions, rebounding corporate profits, and quicker NPA resolution under the IBC will help banks recover from a protracted bad-debt cycle, according to the ratings major.
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 South Korean automaker has come a long way in just six years. Losses have made way for profits, sales are at a decade high, and the company is looking beyond its home turf.
In the two decades since its formation in 1984, Titan had a dream run, not only becoming the market leader in India but also securing a place among the world’s top five watchmakers. But with big global names fast encroaching on its home turf and the very idea of a watch mutating, the company now has to catch up.
At 87, P.R.S. ‘Biki’ Oberoi faces the most challenging period in his career. One threat comes from a familiar foe: big hotel chains, and the other from an upstart: technology. The hotelier’s response: He was to close one of his most profitable properties for two years to renovate. Will his bold move pay off?
Arun Kumar has led Strides Shasun into the Fortune India 500, off it, and into the next 500. He claims to not have a strategy, and that puzzles investors. He’s been buying and selling bits of the company, but finally seems to be in consolidation mode.
The Taj’s new boss is shaking up the corporate structure, focussing on crossover markets, and empowering people across the board to get the venerable hotel chain back into shape.
