S&P Global Ratings has maintained India’s sovereign rating, upgrading outlook to ‘positive’ due to the significant positive impact of India’s strong economic growth on credit metrics. The credit rating was, however, maintained at ‘BBB-‘.
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RBI Deputy Governor Swaminathan J. disclosed in a recent speech that some Indian Asset Reconstruction Companies (ARCs) have been skirting regulations, aiding in the “evergreening” of distressed assets. The RBI has ramped up supervision to curb systemic risks and ensure…
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The Delhi High Court has requested Gurugram-based Tesla Power India to submit an affidavit detailing the sales figures of electric vehicle scooters and the current inventory in a trademark dispute with US electric vehicle giant Tesla Inc. Justice Anish Dayal…
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At least two companies – HCLTech and Birlasoft – have gone on record to say that from the usual 10-12 year deals earlier, long-term arrangements are now ending in four years. Earlier, the tenures ranged between 10-12 years.
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SP Group, promoted by the Mistry family, has pledged its entire 18.5% in Tata Sons held through two entities to secure monies from private credit funds such as Ares and Farallon. Additionally, it needs to raise funds for a separate…
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“China’s economic growth is projected to remain resilient at five percent in 2024 and slow to 4.5 percent in 2025,” the IMF said in a press release, adding the decision was “driven by strong first-quarter GDP data and recent policy…
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