What's a nice round figure to take to a job interview? Discount that estimate for wounded pride, but there's no denying that some of the businesses Mistry described as "legacy hot spots" do have lousy credit metrics. Tata Teleservices Maharashtra Ltd.'s debt exceeds 11 years of the wireless carrier's earnings before interest, tax, depreciation and amortization. Ditto for Tata Steel Ltd. Clearly, the 148-year-old Tata brand commands a decent premium in credit markets despite the dead weight of its European steel operations.That privilege could vanish if the bickering doesn't end.

Source: Economic Times November 04, 2016 07:44 UTC