India Economy

What They Said

| Updated on October 27, 2012 Published on October 27, 2012

“My view is that asset management industry has also got some non-serious players, and one of the reasons for that is that there is a very easy entry situation here… . Right now, if you look at the scenario as a static situation, then perhaps there is a case for consolidation.”

SEBI Chairman U.K. Sinha

“As on date, our borrowings stand at Rs 95,000 crore, and we fear it will cross a lakh-crore mark in November if the current trend continues.”

IndianOil Director (Finance) P. K. Goyal

“When I look at the completely biased and partisan approach adopted by the Department of Telecom against new players like Reliance and Tatas, to the staggering financial advantage of the older coterie of GSM operators led by Bharti Airtel, I am left wondering whether all this can be attributed just to poor judgment, or there is something more than meets the eye.”

Reliance Communications Chairman Anil Ambani, in a letter to PM Manmohan Singh

“We are in the business of banking. Banking is a business of taking risks. If you don’t take risks, what is the intermediation (part a bank plays)?”

Oriental Bank of Commerce CMD S.L. Bansal

“I travel 24X7 where my multiple work responsibilities take me. Sections of media call me an absconder because I don’t talk to them.”

Kingfisher Airlines Chairman Vijay Mallya, on Twitter

“We are hopeful that disinvestment will pick up and about Rs 12,000-13,000 crore will come in by December. For the full fiscal, we expect to raise Rs 30,000 crore.”

Economic Affairs Secretary Arvind Mayaram

“The target of $18 billion for the 2012-13 fiscal may not be achieved given the current slowdown in the western markets.”

Apparel Export Promotion Council Chairman


“I have a feeling that there could be a kharif shortfall of 2 to 3 per cent. But some of these losses could be offset in the rabi season, and at the end of the day I expect farm growth to be positive.”

Planning Commission Member Abhijit Sen

“Depending on the risk appetite, retail investors can look at the market from a long-term perspective. The long-term structural India story remains valid. For those who are looking at direct equities, there are many opportunities from a bottom-up stock-selection basis.”

ICICI Lombard GIC Chief (Investments) Gopalakrishnan S.

“Taking it to the listing itself was a big thing… We had to create (an entity) from a complex structure, but it was an interesting one. Some part of the work was done by Tata Sons… Once you are listed, then you are on a treadmill.... Life has become more complex because of the regulation, and especially because you are a listed entity, you are regulated more. ”

TCS CFO Sethuraman Mahalingam

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