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Monday, Nov 29, 2021
Outlook.com

The Numbers Game

The Numbers Game
The Numbers Game
outlookindia.com
-0001-11-30T00:00:00+05:53
  • For a lakh-plus applications at Rs 2.75 lakh a car, Ratan Tata earns more than Rs 3,000 crore.
  • Rs 1,350 crore is to be refunded with a month's interest at 10 per cent to 40,000 applicants.
  • On the Rs 1,650 crore his company retains, it pays 11 per cent till delivery.
  • Still, for six months, it could earn a spread of 2 to 3 per cent or Rs 15-18 crore.
  • Or it may retire Rs 750 crore of cash credit plus some short-term loans, which will help it gain 2 to 3 per cent arbitrage.
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