Fitch Ratings has affirmed India’s sovereign rating at ‘BBB-’ with a negative outlook. India’s rating balances a still strong medium-term growth outlook and external resilience from solid foreign-reserve buffers, against high public debt, a weak financial sector and some lagging structural factors, according to a press release by Fitch ratings published on Thursday. The negative […]

A few weeks ago, I was invited by a friend to join Clubhouse, the new audio-based social media app that everybody is talking about. I joined reluctantly, admittedly due to FOMO. Over a month in, I’m fascinated by the ecosystem it has become and people’s capacity to, well, continuously converse. It’s like being in an […]

Dealmaking activity in India rose in 2020 despite the Covid-19 pandemic plaguing the economy. But that wouldn’t have been the case if not for Mukesh Ambani frenzied fundraising spree for his digital and retail ventures. The value of business deals in India—both through mergers and acquisitions, and private equity—rose 29% in 2020 over the previous […]

India will soon make available many more Covid-19 vaccines to other countries after two locally manufactured jabs have already been introduced to the world, Prime Minister Narendra Modi said in his address at the World Economic Forum’s online Davos Agenda Summit on Thursday. Modi also said he wants to assure the global business community that […]

Domestic passenger traffic growth in India was 49.6% lower in November last year as compared to the corresponding month in 2019, said global airlines body IATA on Thursday. “In India, domestic RPKs contracted by 49.6% year-on-year in November vs. 55.6% fall in October. A further improvement is expected in the near-term as more schools and […]