2nd COVID wave delayed and not derail economic recovery: Fitch

Fitch Ratings has cut India's economic growth forecast to 8.7 per cent for the current fiscal but raised GDP growth projection for FY23 to 10 per cent, saying the second COVID-19 wave delayed......

Fitch cuts growth forecast to 10%, says rapid vaccination to support revival

Fitch Ratings on Wednesday cut India's growth forecast to 10 per cent for the current fiscal, from 12.8 per cent estimated earlier, due to slowing recovery post second wave of COVID-19, and said......

As financial crisis deepens, tea estates are up for sale

The root of the problem, according to industry officials, is the sudden stoppage of lines of credit to tea plantation companies. With limited funds available for daily operations, the financial......

Concern over MF industry's debt exposure getting worse

Mutual fund houses hold Rs 3,400 crore of Yes Bank's 'riskier' bonds. Reliance MF, Franklin Templeton MF and UTI MF account for bulk of these exposures. Illustration: Uttam Ghosh/Rediff.com The......