Portfolio

What They Said

| Updated on October 20, 2012 Published on October 13, 2012

We let the company run and they give us the money back. We wind up the company, sell the assets and get the money back. We sell the company itself and get the money back. We will do whatever is appropriate in the best interest of the group of banks.”

SBI Managing Director S. Visvanathan, on the bank’s plans to recover loans given to Kingfisher Airlines

I don’t think there is a serious threat of downgrade… (We will) convince them that India does not deserve a downgrade and in terms of growth and growth potential...India is way above most countries of the world.”

Finance Minister P. Chidambaram, on ratings agency Standard & Poor’s

We are ready to go, but obviously there is a process with SEBI. They have to clear that document. They are in the process of looking at it. I really can’t give a timeline but I would really like to do as soon as possible.

Bharti Enterprises Deputy Group CEO and MD Akhil Gupta, on plans for IPO of tower arm Bharti Infratel

We are not convinced (on geological complexity). The Directorate-General of Hydrocarbons is also not convinced.”

Petroleum Minister S Jaipal Reddy on RIL’s explanation for fall in KG-D6 gas output

IIP numbers do indicate that there is some turnaround as far as the manufacturing sector is concerned. I do expect in the coming months the growth rate will further pick up and in the year as a whole we can still see manufacturing growth at 3-4 per cent.”

PMEAC Chairman C. Rangarajan

Our policy on raw material, particularly on iron ore, is not clear. Unless this happens, it is not going to enhance capacity. That’s a major issue.”

Tata Steel Managing Director H. M. Nerurkar, on India’s steel capacity target for 2020

Even by paying compensation we are not getting land. Our revised rehabilitation and resettlement package, which promises a job to one person from the family relocated, launched about six months ago, has not seen any great progress.”

Coal India Chairman S. Narsing Rao on challenges to growth

I regret to announce today that the bondholders’ meetings did not achieve the consensus we were hoping for and the four-month extension sought by us has not been granted.”

Suzlon Group Chief Financial Officer Kirti Vagadia, after bondholders rejected proposal to extend maturity date of FCCBs

Global economic uncertainties continue to face the industry.”

Infosys CEO and Managing Director SD Shibulal

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