Companies News

Airtel Prepays Rs 8,024 Cr To Clear Liabilities For Spectrum Acquired In 2015

Telecom company Bharti Airtel on Monday said it has prepaid Rs 8,024 crores to the Department of Telecom towards prepayment of deferred liabilities pertaining to spectrum acquired in an auction held in 2015. The liabilities which were prepaid had an interest rate of 10 per cent, Airtel said in a statement. Airtel, in the statement, […]

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Companies National News

Debt of Indian Firms Grows At 7.4% CAGR In Last 5 Years

The Bank of Baroda in a report has said that in the last five years, the debt of Indian Inc has grown at a compound annual growth rate (CAGR) of 7.4 per cent. From Rs 62 lakh crore in FY18, the total debt of India Inc. increased to Rs. 75.7 lakh crores in FY20. The […]

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Indian Cotton Spinning Industry To See Revenue Decline In FY2024

The rating agency Icra expects demand for the industry to improve by close to ten per cent in volume terms in FY2024 on a yearly basis, primarily gaining through a shift in preference away from Chinese cotton and the expectations of demand improving for the spring, summer season in USA and EU regions. However, an […]

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Logistics News

Adani Ports To Pay $130 Mn Debt Early

Adani Ports and Special Economic Zone (APSEZ), a subsidiary of the Adani Group, announced on Tuesday that it would pay USD 130 million of its debt early, after roughly USD 413 million worth of debt had been tendered for early payment. In an effort to boost investors’ confidence after the conglomerate’s stock price plummeted early […]

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