Study in Con­trast

The Economic Times - - Companies: Pursuit Of Profit -

A steel baron who’s in­su­lated from the debt cri­sis af­flict­ing the sec­tor re­cently gifted his three-storey bun­ga­low in Mum­bai to his daugh­ter. The Mar­wadi steel maker is a dar­ling of his lenders and has been shut­tling the globe in his pri­vate jet, even en­gag­ing in a spot of in­ter­na­tional diplo­macy, ac­cord­ing to peo­ple in high places. In con­trast, his brother is said to be at the mercy of lenders who’re not too pleased about debt re­pay­ments.

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