RIL Q1 Profits Jump 67%; EBITDA at Record High
India’s energy to digital conglomerate Reliance Industries Ltd. (RIL) announced its consolidated results for the quarter ended June 30, 2021 in which it posted a record high consolidated EBITDA of INR 275.5bn ($3.7bn), up 27.6% YoY, of which digital services...
Delhi Airport Downgraded to BB- by Fitch
In another blow to India’s largest international airport, Fitch Ratings downgraded Delhi International Airport Limited (DIAL) to BB- from BB with a negative outlook. The rating agency downgraded the airport’s Long-Term Issuer Default Rating (IDR), the...
Wipro Gets Approval For Upto $750mn Debut Dollar Bond Issuance
Wipro, an Indian multinational firm, has announced plans for a debut dollar bond sale of $750mn through its subsidiary, Wipro IT Services LLC. Proceeds of the dollar-denominated bonds will be allocated for refinancing current debt, general corporate purposes and other...
Tata Steel’s Outlook Upped to Stable by Moody’s
Indian steel major Tata Steel’s outlook has been changed to stable from negative by Moody’s, affirming its Ba2 corporate family rating. The rating agency cited “a solid recovery in Tata Steel’s operations” in the quarter ended March 31...
