This is the first time in three years since September 2022 that India Inc’s cash reserves have seen a decline. Manufacturing, heavy machinery and infrastructure remain at the core of this capex cycle
India Inc’s strategy to build bigger cash reserves comes at a time when companies worldwide are grappling with economic uncertainties stemming from high interest rates, supply-chain realignments, tariff wars and geopolitical disruptions
While global and domestic demand concerns persist, analysts believe strategic investments arising from inorganic opportunities will drive growth
Mukesh Ambani, chairman and managing director of RIL, said the company is now ready for the next level of growth after consolidating its balance sheet in FY24.
AU Small Finance Bank had announced the merger with Fincare Small Finance Bank in October 2023.