In a recent television interview, Reliance Industries chairman Mukesh Ambani categorically stated that his company is unlikely to raise fresh capital from the equity markets. On the face of it, this might seem like an innocuous assertion.
If, however, it reflects the sentiment of corporate India as a whole, there could be something to cheer about. I would argue that the fact that Indian companies are unlikely to make large cash calls on the stock market augurs well for the current bull run. Here
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
