The conglomerate had gross debt to equity ratio of 2.4x on an average during the year ended March this year, as against 0.82x on an average for top-listed companies, excluding financials and oil
RBI proposed that at least 40% of sanctioned working capital limit of a company should have a term loan component
A higher C2C suggests cash crunch, which results in higher working capital requirements and leads businesses to increase short-term borrowings
With payments getting blocked at various levels in the value chain, manufacturers find it difficult to claim input tax credit
It excludes financial institutions, automobile manufacturers, infra and real estate corporations