CNBCTV-18's Ronak Jain and Ashwin Raghunath report that infrastructure companies are trying to reduce debt by leveraging more they can handle
Jitendra Mamtora, chairman and managing director, Transformers & Rectifiers (India) Ltd, spoke to CNBC-TV18 about the company‘s results for the year and the fourth quarter. The company recorded losses on lower margins for the fourth quarter due to rise in raw material costs and high kV orders.
Amazon.com forecast lower margins than some investors hoped for, reflecting the costs of its growth strategy, and shares of the world's largest online retailer plunged 8.5%.