Suits & Sayings: Under Cover

Refinancing around a billion dollars at highly competitive rates is something most corporate houses would like to publicise and celebrate, especially when many consider this group to be history while a few insist it’s making a comeback. Why was such a positive development kept under wraps? Apparently, the corporate in question, which insists it’s become debt free of late, was keen to make things widely known and had even kept a press release ready. But the boss of the lending institution chose to play it down. What’s the actual reason--is it because this a fully functional coal-fired plant or the group in question evokes strong emotions?

(For more on our weekly roundup of wackiest whispers and murmurs in corporate corridors & policy parlours, pick up today's edition of The Economic Times newspaper)