The two companies have approached banks to raise up to Rs 8,000 crore as debt to fund their expansion plans.
Some investment bankers expect the Indian currency to touch 60-65 by the end of the year
SBI says recovery process on as no court stay yet.
Law minister clears Sebi's regulation on put and call options.
Many top firms have had to write down their investments, as the value of those have collapsed due to sluggish biz conditions.
CEOs point fingers at rural job guarantee and related govt welfare schemes; say mechanisation an increasingly viable option.
Lack of time was cited as the main reason for Bharti Chairman Sunil Mittal's exit from the Unilever board.
Merchant bankers appointed to explore options on merger or stake sale in Tata Teleservices.
However, foreign investors have completely shunned the infrastructure sector.
Bharti was talking to Standard Chartered Bank and Citibank, among others, to manage the issue.
Results of 138 firms show revenue growth has declined further, but net profits are up
These companies gave annualised returns of 11% on an average in the last five years, while shareholders of family-owned companies saw 5% annualised erosion
Trend so far shows India Inc being stingy; aggregate of 23 firms that have declared payouts for FY13 down 2.4%.
Some are treating the price correction as akin to a fiscal stimulus that could kick-start a new demand cycle in the economy.
These companies may recall loans in extreme cases; loan-to-value ratio stands at 60% but scrap value at 75%.
These trusts hold 66 per cent stake in unlisted Tata Sons, the holding company of the $100-billion Tata group of companies.
Sensex valuation has fallen below historical averages, now lags underlying earnings & dividend growth.
Many firms' debt far exceeds their market capital.
The mining major is selling the company to reduce its debt.
Cairn Energy Plc, which has 50 production blocks across the world, holds 10% in Cairn India.
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