PSUs not floating in cash any more

The finance minister is pushing public-sector companies into using their cash pile to kick-start a fresh capex cycle, or lose the cash. The move is being welcomed by capital goods makers. Thermax Managing Director & CEO M S Unnikrishnan says: "Though it alone cannot revive capex cycle, PSUs can surely revive the capex cycle in sectors such as oil & gas, steel and fertilisers."

Read Full Story>>