Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
Investors remain cautious ahead of F&O expiry.
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
Many top corporate groups hit hard, in penalties and sunk investments, beside loss of future revenue
Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy.
The calculation excludes cross-holding of listed group cos in each other.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
With their balance sheets under stress, private companies have lost interest in them.
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
The Rs 56,000-crore (Rs 560 billion) Adani Group on Monday received a major blow from the Gujarat High Court, which ordered a shutdown of 12 units in Adani Ports and Special Economic Zone (APSEZ), located in Mundra, Kutch district, with immediate effect.
T N Ninan lists a few David-Goliath encounters in the Indian markets, all of which make life interesting, though difficult if you are an investor looking for the next multi-bagger.
Though the current National Democratic Alliance government has not endorsed the figure, it has not even repudiated it.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.
By refusing permission for the proposed ship-breaking facility, India can send a categorical message to the foreign ship owning countries that they should keep their own waste and recycle
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