Corporate debt servicing improves despite higher interest cost
Despite a 60 basis point (0.60 percent) increase in policy rates between September 2022 and September 2023, corporate debt servicing, as measured by the interest coverage ratio (ICR), improved from 4.49 in September 2022 to 5.64 in September 2023. This suggests that higher lending rates have not negatively impacted the debt-servicing capacity of Indian firms. The interest coverage ratio is a measure of a firm's ability to service its debt. Key Points
Economic TimesHubble telescope has been dead for a week. Nasa will try to bring it online today
This isn't the first time Hubble has faced challenges. Since its launch in 1990, the telescope has encountered various issues, including a notable mirror flaw that was later corrected by a servicing mission. Key Points
India TodayCredit Suisse reinstates independent reviewer on Nazi account probe
Credit Suisse has reinstated an independent reviewer to oversee an investigation into the servicing of Nazi clients and Nazi-linked accounts, according to U.S. lawmakers who have probed the issue. Key Points
ReutersKnow how to reduce AC bills during summer
With the onset of summer, AC will become a necessity to survive the scorching heat. However, AC’s comfort comes at the cost of high AC bills and energy consumption. Follow these tricks to cut-down your AC bills Key Points
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