Ratan Tata seeks a special contingency fund to be created by banks to rescue Indian companies who have taken dollar and euro loans. A script not so hard to decipher!
After the rupee fall, the $6 billion odd loan seems even steeper. The debt-equity ratio of Tata Steel has now increased from 1:1 in 2006 to 2.74:1.
By the end of 2007, myopic people like us were talking about an imminent global recession. But group company Tata Motors took over struggling JLR from Ford Motors sometime during late May 2008 for $2.3 billion and a couple of billions of dollars in debt! And then Citicorp (the bad boy shedding 50,000 jobs) has the gall to downgrade the ratings of Tata Motors to high risk! Of course the fact that UK sales of Land Rover crashed by 58% last month is but a minor detail. Even minor perhaps are details like the huge $525 million profit from selling Glaceau to Coca-Cola (wow, that did vanish fast!) and JLR seeking a 1 billion pound bail out from the UK government.
Pardon our temerity, Sir. We are not at all doubting your intentions with respect to the ‘special fund’. We are anyways just a bunch of ignorant pessimists! If we knew any better, we perhaps would have been leading top notch conglomerates on our own, wouldn’t we?
After the rupee fall, the $6 billion odd loan seems even steeper. The debt-equity ratio of Tata Steel has now increased from 1:1 in 2006 to 2.74:1.
By the end of 2007, myopic people like us were talking about an imminent global recession. But group company Tata Motors took over struggling JLR from Ford Motors sometime during late May 2008 for $2.3 billion and a couple of billions of dollars in debt! And then Citicorp (the bad boy shedding 50,000 jobs) has the gall to downgrade the ratings of Tata Motors to high risk! Of course the fact that UK sales of Land Rover crashed by 58% last month is but a minor detail. Even minor perhaps are details like the huge $525 million profit from selling Glaceau to Coca-Cola (wow, that did vanish fast!) and JLR seeking a 1 billion pound bail out from the UK government.
Pardon our temerity, Sir. We are not at all doubting your intentions with respect to the ‘special fund’. We are anyways just a bunch of ignorant pessimists! If we knew any better, we perhaps would have been leading top notch conglomerates on our own, wouldn’t we?
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Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM - FLP (Flexi Learning Program)
