Needs funds for Odisha plant expansion, to cut high debt.
Some leading Indian companies are likely to see their earnings declining if the Indian currency depreciates further, analysts and finance heads say.
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Issue in two months for Australian projects; group to invest another $15 billion in infrastructure projects by 2020.
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.
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.
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
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.
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.
Most have seen decline in cash reserves and deterioration in financial ratios in recent years.
Citigroup's former chief executive officer, Vikram Pandit, might be joining the race to become a co-applicant for a banking licence in India.
An interest rate cut, at a time when demand was not showing any sign of revival, would boost sentiments, especially for interest-rate sensitives like the car and real estate sectors, which had been showing negative growth, a majority of the 15 CEOs polled by Business Standard said.
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