When it comes to the Specified Undertaking of the Unit Trust of India (SUUTI), family silver apparently refers to three private companies: Axis Bank, Larsen & Toubro (L&T) and ITC. SUUTI inherited these shares as a part of the bailout package of UTI and holds a 9.11% stake in L&T, 12% in ITC and 27% in Axis Bank worth nearly Rs27,000 crore today. Now that it is time to wind up SUUTI (and pay...
Afront page headline in The Times of India reported that a decline in fuel supply by the public sector oil companies had led to an informal rationing of fuel by petrol pumps, especially those run by Bharat Petroleum. The report, correctly enough, seemed like an epitaph to the India growth story under the Congress-led government. From being showcased as a budding superpower less than a year...
Business Standard had a flurry of corrections and clarifications in May. It is a sign of good journalism when a newspaper readily corrects its mistakes, but it is worrying when there are four in a fortnight and corrections require further corrections.
Not-so-mega Losses: One 13th May, the paper said that its report had “wrongly stated that Dish TV, a direct-to-home (DTH) company incurred...
