Fitch retained India’s ratings at the lowest investment grade (BBB-) and outlook on them at negative due to high debt and limited fiscal headroom of the central and state governments. Moody’s Investors Service had recently upgraded outlook to stable from negative.
Latest live news: The central government is speaking before the Supreme Court, listing measures it is taking to curb air pollution in Delhi and places nearby. The government does not favour of work-from-home for its employees, it told the court, Bar & Bench website reported.
Mensa Brands, which invests in digital brands, raised $135 million at a valuation of around $1.2 billion, it said on Tuesday, making it the fastest Indian startup to reach unicorn status. Mensa is the 36th start-up to achieve unicorn status in 2021 in India.
The Delhi High Court on Tuesday told India’s antitrust body it has two weeks to decide whether Amazon misled authorities while seeking approval for a 2019 deal with Future Group, said a group of retailers. Amazon and Future, India’s second-largest retailer, have been locked in a legal battle since last year. The e-commerce giant successfully blocked Future’s bid to sell its retail assets to rival Reliance for $3.4 billion, accusing its partner of breaching some pre-existing agreements.