Opinion: $680 Million Question of What Anil Ambani Knew

Opinion: $680 Million Question of What Anil Ambani Knew

Andy Mukherjee | Bloomberg | Wednesday December 18, 2019

The $680 million is the amount Industrial & Commercial Bank of China Ltd. is seeking to recover from the former Indian billionaire by invoking what they say is a personal guarantee he gave in 2012 to secure a $925 million loan for Reliance Communications Ltd., his mobile services firm that's now in bankruptcy.

Opinion: Dewan Housing Will Be Test Case For "Haircut Salon" Approach

Opinion: Dewan Housing Will Be Test Case For "Haircut Salon" Approach

Andy Mukherjee, Bloomberg Opinion | Friday November 22, 2019

Nearly nine-tenths of DHFL's Rs 84,000 crore($12 billion) in borrowing is secured against assets.

Opinion: In Telecom Row, Government Could Be Making A Grave Mistake

Opinion: In Telecom Row, Government Could Be Making A Grave Mistake

Andy Mukherjee | Bloomberg | Wednesday November 13, 2019

The government should see the folly of effectively turning the telecom industry into a two-horse race between Reliance Jio Infocomm Ltd., controlled by Mukesh Ambani, the richest Indian, and Bharti Airtel Ltd., which, too, is staggering under a mountain of debt.

Opinion: Yes Bank, Cut The Loose Talk And Close This Rescue

Opinion: Yes Bank, Cut The Loose Talk And Close This Rescue

Andy Mukherjee | Bloomberg | Tuesday November 05, 2019

In early September, CEO Ravneet Gill told Reuters that Yes was in "fairly advanced level of talks" with a top global technology company for a stake sale.

Opinion: Infosys May Need Some Time In Rehab To Fix Itself

Opinion: Infosys May Need Some Time In Rehab To Fix Itself

Andy Mukherjee, Bloomberg Opinion | Tuesday October 22, 2019

After a period of rehabilitation, Infosys should be able to deliver all three targets: sales growth, margins and good governance. Some private time could be just what it needs to get fixed.

Opinion: Amazon, Walmart And Mukesh Ambani Will Help Save India's Banks

Opinion: Amazon, Walmart And Mukesh Ambani Will Help Save India's Banks

Andy Mukherjee | Bloomberg | Thursday October 10, 2019

To similarly make bite-sized finance sustainable, account aggregators are coming. They'll digitally record a consumer's transactions with various institutions and, with consent, share data with a lender.

Opinion: How Government Should Tackle Shadow Banking Crisis

Opinion: How Government Should Tackle Shadow Banking Crisis

Andy Mukherjee, Bloomberg Opinion | Tuesday October 01, 2019

A year after the collapse of IL&FS Group, a specialist infrastructure financier, the crisis of confidence is getting worse.

Opinion: Investors' Biggest Worry Should Be Vanishing New Roads In India

Opinion: Investors' Biggest Worry Should Be Vanishing New Roads In India

Andy Mukherjee | Bloomberg | Monday September 09, 2019

Highways can act as a powerful stimulus by creating new construction jobs, spawning fresh orders for excavators, graders and rollers, and putting spending money in the hands of people whose land is getting acquired.

Opinion: Bank Mergers No Silver Bullet, Gains May Take Years To Show

Opinion: Bank Mergers No Silver Bullet, Gains May Take Years To Show

Andy Mukherjee, Bloomberg Opinion | Monday September 02, 2019

The new round of consolidation will bring down the number of state-run banks to 12 from 27 just a few years ago.

Opinion: Mukesh Ambani Cutting Reliance Debt Is Bad Omen For Economy

Opinion: Mukesh Ambani Cutting Reliance Debt Is Bad Omen For Economy

Andy Mukherjee | Bloomberg | Wednesday August 14, 2019

A $22 billion reduction in net debt (to reach zero) will require more than Aramco's cash.

Opinion: Government's Plan To Change Bankruptcy Law Bold And Necessary

Opinion: Government's Plan To Change Bankruptcy Law Bold And Necessary

Andy Mukherjee | Bloomberg | Thursday July 18, 2019

On Wednesday, the government said it would amend the 2016 insolvency law, a signature reform of Prime Minister Narendra Modi's first term. Investors will cheer.

Opinion: India's Hedge Funds Threatened by Higher Taxes

Opinion: India's Hedge Funds Threatened by Higher Taxes

Andy Mukherjee, Bloomberg Opinion | Tuesday July 16, 2019

The Securities and Exchange Board of India, or SEBI, has always been suspicious of the source of capital for hedge funds investing in India from Singapore or Hong Kong.

Opinion: If It Moves, Tax It. That's Desperate, India

Opinion: If It Moves, Tax It. That's Desperate, India

Andy Mukherjee | Bloomberg | Tuesday July 09, 2019

Tax collections last year were a full 1 percentage point of GDP lower than the 7.9 per cent the government had hoped to obtain.

Opinion: Amid Preps For Budget, Where India Can Find A Cool $1 Trillion

Opinion: Amid Preps For Budget, Where India Can Find A Cool $1 Trillion

Andy Mukherjee, Bloomberg Opinion | Thursday July 04, 2019

From consumption and private investment to exports, no cylinders are firing. Government spending is therefore the only hope.

Opinion: RBI's Autonomy Takes Another Hit As Viral Acharya Heads For Exit

Opinion: RBI's Autonomy Takes Another Hit As Viral Acharya Heads For Exit

Andy Mukherjee | Bloomberg | Tuesday June 25, 2019

A standoff over the government's intentions was temporarily resolved by pushing to a panel of experts the question of whether the RBI had excess capital and could return some of it to the finance ministry.