During the Russia-Ukraine conflict, GAIL India faced a crisis when a key LNG supplier defaulted, causing prices to surge. CFO Rakesh Kumar Jain prioritized gas supply to essential sectors over internal petrochemical production, even purchasing gas at higher prices. This…
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President Trump’s decision to double tariffs on steel and aluminum imports to 50% has sparked global trade concerns, particularly for India’s export sector, which faces potential job losses and revenue declines. While the UK secured an exemption, India is considering…
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Morgan Stanley’s Jonathan Garner highlights India’s robust economic resurgence, driven by strong GDP growth and easing monetary policies. He emphasizes India’s distinct position among emerging markets, fueled by superior earnings growth and increasing weight in global equity indices. Garner notes…
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The US services sector unexpectedly contracted in May, marking the first decline in nearly a year, according to the Institute for Supply Management (ISM). The nonmanufacturing PMI dropped to 49.9, signaling potential economic challenges ahead. Businesses are facing higher input…
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Vedanta Resources is in talks with lenders from the Middle East, Europe, and Japan to refinance a $550 million credit facility maturing in 2026. The refinancing aims to prepay a high-cost loan with an 18% coupon, potentially saving the company…
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The Reserve Bank of India’s MPC is meeting to decide on interest rates amidst easing inflation, which fell to 3.16% in April. Economists are divided, with some advocating for a 50 bps cut to boost growth, while others prefer a…
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