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The Mumbai-based steelmaker has a consolidated net debt of ₹69,195 crore as of September 30, growing more than 5% year-on-year and almost 4% sequentially. "I don't think debt is a concern at all," Acharya told ET in an interview. "Our cash position and undrawn lines are also quite healthy."
Surging bond yields are raising interest rates on everything from mortgages to personal loans, spelling trouble for resilient consumer spending.
He also said there is potential for currency appreciation following inclusion of Indian bonds in JP Morgan index.
Sequential financial and operational growth; Q2 reported revenue 2% higher 52,000 organic internet and postpaid mobile net adds in second quarter Buyback acceleration in Q2; $132 million stock...
Won't affect the us economy, but it will fuel the political debate over the country's finances so i don't think there'll be an economic or fiscal impact — by that, i mean that this announcement will not reduce investment, will not reduce the attractiveness of the us economy — so that's the economy side. and then on the fiscal side, this in itself will not increase the borrowing cost for the us — in fact, if you look at what they call credit default swaps, which measure credit worthiness, they hardly moved today. and you would expect them to move if the market was worried about that. so i...