Can someone please help me understand how the company is paying such low interest on loan? B/S shows 870 cr. of long term loan but only 3 cr. as interest payment. I read something related to 75% loan subsidiary from the Govt. of Telangana, but couldn’t find any details regarding it to fully understand.
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Kitex Garments Limited (06-11-2024)
Can someone please help me understand how the company is paying such low interest on loan? B/S shows 870 cr. of long term loan but only 3 cr. as interest payment. I read something related to 75% loan subsidiary from the Govt. of Telangana, but couldn’t find any details regarding it to fully understand.
Lokayukta police questions Karnataka CM Siddaramaiah for 2 hours in MUDA case (06-11-2024)
Karnataka Chief Minister Siddaramaiah was questioned for two hours by the Lokayukta police regarding alleged irregularities in the allotment of MUDA sites to his wife. The opposition BJP has demanded Siddaramaiah’s resignation and a CBI probe into the matter.
Stock market update: Nifty Bank index 0.13% in an upbeat market (06-11-2024)
The Nifty Bank index was trading 0.13 per cent at 52276.85.
Rupee sees hefty losses, weakens beyond 84.20 per US dollar mark (06-11-2024)
Indian Rupee has slumped today, adding to recent losses. A break above 84 per US dollar extended for the local currency as INR tested a fresh low of 84.23 and currently trades at 84.19 per US dollar, shedding 10 paise compared to previous close. While local equities are up modestly today, the US dollar index has zoomed above 105 mark to hit four month high as US election outcome has taken centre stage and is dragging INR lower.
Mazagon Dock Shipbuilders shares surge 3% post Q2 results (06-11-2024)
Mazagon Dock Share Price: The company posted a 75.7% year-on-year increase in PAT, reaching Rs 585 crore for the quarter ending September 2024, compared to Rs 332.9 crore in the same period last year. Revenue from operations rose to Rs 2,756.8 crore, up from Rs 1,827.7 crore in the corresponding quarter of the previous year, marking a 50.8% YoY growth. This strong performance reflects significant gains in both profit and revenue over the past year.
Sensex rises! But these stocks are down 5% or more on BSE (06-11-2024)
In the Nifty pack, 28 stocks were trading in the green, while 22 stocks were trading in the red.