Moody’s Ratings on Monday affirmed India’s long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3 with a ‘Stable’ outlook on the back of robust economic growth and sound external position. The global rating agency also affirmed India’s other short-term local-currency rating at P-3. “The rating affirmation and stable…
Malhotra underlined that while India’s commitment to accessible, secure digital payments remains firm, long-term sustainability cannot be overlooked. The Reserve Bank of India has signalled that the era of entirely free digital transactions may be nearing its end. As the Unified Payments Interface (UPI) continues to scale new heights, RBI Governor Sanjay Malhotra stressed…
Despite having successfully completed the acquisition and operated the company since 2021, JSW Steel now faces the prospect of unwinding the Rs 19,350 crore deal, raising larger questions about the credibility and finality of the Insolvency and Bankruptcy Code (IBC) process. The Supreme Court’s verdict ordering the liquidation of Bhushan Power and Steel (BPSL) has…