On Tuesday, 22nd March, Fitch Ratings reduced India’s GDP growth estimates for FY23 by a total of 180 basis points from 10.3 previously to 8.5. Fitch expects the rapid rise in inflation, driven by crude prices, to be a major headwind for India in

Nitin Gadkari, the Union Minister of Road Transport and Highways, has been in the news for the rapid aggression with which he executed road and highway projects across India. In fact, the average length of highways laid during any average day was

Zomato Instant, the grand plan of the CEO Deepinder Goyal to delivery food in 10 minutes, was always going to be tough. But what Deepinder did not bargain for was the huge social media controversy it created. If you go by the memes and trolls that

As of the penultimate day of the TCS buyback program on 22nd March, the TCS buyback had already been subscribed around 5.5 times. The Rs.18,000 crore buyback had opened on 09th March and will close on 23rd March. However, as of the close of 22nd M

The US economy disregarded the impact of the rise in Omicron cases around the turn of the year. Consumer spending indicators recovered quickly after a slight correction in December 2021 and non-farm payrolls expanded by an average of 580,000 in Janua

The post-Covid recovery is being hit by potentially huge global supply-chain constraints that will reduce growth and push up inflation. The Russia-Ukraine war and economic sanctions on Russia have put global energy supplies at risk. Russia supplies a

A unit of Wockhardt has entered into an agreement with a subsidiary of Serum Institute of India, part of the Poonawala group. The agreement is to set up a new vaccine manufacturing facility in Wrexham, North Wales, United Kingdom. The collaboratio

It looks like the celebrations of the oil bears were almost premature. In the previous week, the oil prices had fallen sharply from $139/bbl to $100/bbl in the Brent crude market. However, oil has taken support at $100/bbl and has now bounced back by

Reliance Jio, the digital and telecom arm of the Reliance group, plans to raise close to $750 million (approximately Rs.5,700 crore). These funds will be raised via an offshore syndicated loan through a consortium of banks that will underwrite the en

On Monday 21st March, the US markets saw bond yields hardening to 2.34, dollar index touching 98.5 levels and the Dow Jones index crashing. The common factor among all these developments was the sharply hawkish statements made by Jerome Powell. H

UPI’s remarkable success on payments has put the limelight on progress being made on the next two frontiers: (1) Account Aggregator (AA) which is the data-sharing layer (2) open credit enablement network (‘OCEN’) which is the cr

With the ongoing challenges by the increase in raw material prices and supply-chain disruptions which are leading to the higher cost of production, there are possibilities for the pharma companies to increase the prices in the domestic market, with h