Tata Steel: Improved Results, Debt Worries Remain
Tata Steel Ltd (TATA IN)’s latest quarterly results beat our expectations. The company’s revenue for Q2FY19 (which ended in September) rose 15%...
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India – Liquidity Freeze
We wonder if the Jet Airways India (JETIN IN) flight cancellations are some of the most visible signs of liquidity freezing up? There are plenty of...
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TATA Steel Could Retake Capacity Crown as 20% of Indian Steel Capacity up for Grabs
The Reserve Bank of India published a list of companies that has a collective outstanding debt value of around INR2,000bn during 2017. This list...
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Tata Steel: Lingering "Debt" Weight.
Executive summary Tata Steel Ltd (TATA IN) (“TSL”)’s FY18 revenue improved on rising production volume in Indian operations which accounted for...
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JSW Steel: Upward Capex Revision Does Not Matter
Executive summaryJSW Steel Ltd (JSTL IN) (JSW) reported strong revenue during 4Q’FY18 (ended in March) with an improving EBITDA margin on rising...
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