Topic: Corporate bonds
Credit ratings of Indian companies are getting downgraded like never before
For every upgrade of rupee debt of Indian firms since 1 April there have been about 11 downgrades, leaving this quarter set to be worst on record if sustained.
Why Indian companies are struggling to raise funds when they need them the most
India’s situation is contrary to global markets where junk bond sales are thriving after monetary authorities said they would buy such securities directly.
Bond traders have challenge spotting India’s hidden, growing debt
There are growing expectations that the government will do an accounting sleight of hand to keep its deficit in check.
RBI will go slow on raising rates, says investor who foresaw liquidity crisis
Suyash Choudhary of IDFC says RBI will risk financial stability and seriously hurt growth if it adds to the two rate increases since June.
On Camera
YourTurn
Modern wars need tech edge. Army’s Integrated Battle Groups will be toothless without it
In the IBGs, third-generation anti-tank and air defence weapons, and loiter ammunition must be available down to unit level.
Asian refiners to ramp up gasoline exports to US as sky-high prices beckon
In Asia, gasoline margins have doubled to more than $33 a barrel since the end of March and have edged above those for diesel, which have eased from a peak in early May.
Defence
India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US
In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.
How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels
Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.