Bankers and equity investors will be hurt by the way airlines are piling on debt
The way the aviation sector is loading up on debt and equity, is certain to hurt lenders as well as equity investors. Air India is looking for additional equity of Rs5,000 crore over three years. Indian Airlines has planned a big expansion to buy a new fleet and wants to raise equity funding of Rs3,000...
The Birlas may be mighty but are mishandling their fight against the Lodhas
Despite their best efforts, the Birlas have not been able to stop the Lodhas from maintaining their control over Birla Corporation and other companies of the MP Birla group that the late RS Lodha inherited through the will of the late Priyamvada Birla. Every Birla move is being countered very effectively by...
Indian pipeline manufacturers are benefiting from large-scale US gas pipeline expansion
Welspun Gujarat Stahl Rohren surprised the market with the news that its oil & gas pipeline order book size has crossed Rs10,000 crore. Jindal Saw Pipes (JSP) is also reported to have pending orders worth $750 million (Rs3,750 crore). PSL, another pipeline company, is also running a strong order book...
