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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Remarkably, Videocon and its founder evoke nostalgia despite the fact that, as one of India’s largest corporate defaulters, Dhoot’s culpability has received scant attention.
Editor's note: If you had defaulted on payments worth Rs 90,000 crore to a clutch of public sector and private sector banks, chances are that by now you’d either be behind bars or in a foreign country, where the long arm of the law can’t reach you easily. Well, not so fast. Because you could also very well be Venugopal Dhoot, embroiled in investigations of wrongdoing and yet living a charmed life in Mumbai. This is the story of how Dhoot took everyone for a jolly good ride over 35 years of corporate life. Chances are this is a story you’ve never read before. Once bitten, twice shy In December 2020, Dhoot made a last-ditch attempt to salvage his bankrupt Videocon group. He put in a bid of Rs 31,000 crore, promising to make good on all the loans he had borrowed over a 10-year period. To be able to do this he put together a master plan where he would monetize assets, leverage the Videocon brand and make a splash in a new business—low-cost housing. The banks rejected the bid outright. …
Remarkably, Videocon and its founder evoke nostalgia despite the fact that, as one of India’s largest corporate defaulters, Dhoot’s culpability has received scant attention.
Editor's note: If you had defaulted on payments worth Rs 90,000 crore to a clutch of public sector and private sector banks, chances are that by now you’d either be behind bars or in a foreign country, where the long arm of the law can’t reach you easily. Well, not so fast. Because you could also very well be Venugopal Dhoot, embroiled in investigations of wrongdoing and yet living a charmed life in Mumbai. This is the story of how Dhoot took everyone for a jolly good ride over 35 years of corporate life. Chances are this is a story you’ve never read before. Once bitten, twice shy In December 2020, Dhoot made a last-ditch attempt to salvage his bankrupt Videocon group. He put in a bid of Rs 31,000 crore, promising to make good on all the loans he had borrowed over a 10-year period. To be able to do this he put together a master plan where he would monetize assets, leverage the Videocon brand and make a splash in a new business—low-cost housing. The banks rejected the bid outright. …
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
Telecom and retail both continue with their ‘hit and miss’, while O2C delivers an unsurprisingly poor performance in Q4. This is a year RIL will be glad to see the back of.
The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
Telecom and retail both continue with their ‘hit and miss’, while O2C delivers an unsurprisingly poor performance in Q4. This is a year RIL will be glad to see the back of.
The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
