Indian companies faced a decline in interest coverage ratio to 4.8% in the September quarter. This was due to rising interest costs and slower growth in operating profit. Interest costs surged by 7.2% year-on-year, while revenue growth slowed down to 4.9%. Higher working capital requirements and increased borrowings further impacted the ratio.
Paytm shares hit 52-week high as fintech rolls out UPI Lite auto top-up for small payments
Paytm shares surged over 4% to reach a 52-week high of Rs 939 on Monday after announcing the launch of an automatic top-up feature for
November 25, 2024