Vodafone Idea stock tanks 12% as board approves ₹20,000 cr equity fundraise
Through a combination of equity and debt, the company plans to raise around ₹45,000 crore.
Through a combination of equity and debt, the company plans to raise around ₹45,000 crore.
Debt to rise to 51.4% of GDP in FY24, up from 39%, five years ago.
Uday Kotak urges large corporates to meaningfully move to capital markets—debt and equity—and away from banks.
The credit rating agency also changed the company's outlook to 'stable' from 'positive'.
The net debt of automotive division fell to ₹41,700 crore in June from ₹43,700 crore in March.
Government meets fiscal deficit target but falling GDP growth puts a question mark over finances.
The Adani group's gross debt stood at ₹2.26 lakh crore ($27.7 billion) at the end of September 2022.
India's sovereign external debt is entirely from official sources, which insulates it from volatility in the international capital markets, says Economic Survey 2022-23.
Modinomics is full of high debt, inflation, unemployment and inequality, says the Congress.
Elevated commodity prices will keep spending on food and fuel subsidies high for economies like India, says Moody's Investors Service.