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Pakistan's debt soars to PKR 76,000 billion by end-March 2025; Economic Survey reveals 2.7% growth projection amidst recovery efforts and IMF compliance.

S&P Global Ratings warns that escalating hostilities between India and Pakistan could negatively impact the creditworthiness of both nations, with potential downward pressure on sovereign credit...

S''P warns of increased credit risks for India and Pakistan due to heightened hostilities, potentially impacting sovereign ratings.'

Indian Comics Association (ICA) says government funding and distribution infrastructure are crucial for the growth of the domestic comics industry, which faces challenges in distribution and...

Sri Lanka has officially exited debt default after Fitch Ratings upgraded its credit rating, citing completed debt restructuring and improved macroeconomic indicators. The island nation faced a...

S&P Global upgraded Vedanta Resources' rating to 'B' from 'B-', citing improved funding flexibility and strong operations. The upgrade follows successful debt refinancing and deleveraging efforts.

Vedanta Resources raises USD 300 million through a tap issue on its existing bond, demonstrating strong investor confidence in the company's performance and commitment to deleveraging.

FCI is upgrading to a modern IP-based video surveillance system across its 561 depots, enhancing monitoring capabilities with high-resolution imaging, improved scalability, and remote access.

Singapore Airlines has received approval from the Indian government for FDI as part of the proposed merger of Vistara with Air India, creating one of the world's largest airline groups.

Pakistan seeks a USD 4 billion loan from Middle East banks to meet financial obligations, as the IMF approval of a USD 7 billion EFF is delayed. The country also faces high financing costs due to...

China, Saudi Arabia, and the UAE agree to roll over USD 12 billion in debt for Pakistan, paving the way for a USD 7 billion IMF bailout package.

Vistara has offered voluntary retirement and separation schemes for its non-flying staff ahead of its merger with Air India. The schemes are similar to those offered by Air India earlier this month.

S&P Global Ratings upgraded Vedanta Resources' rating to 'B' from 'CCC+' citing improved capital structure and liquidity. The company has sufficient internal resources to meet debt maturities until...

Air India and Vistara's merger could affect 600 non-flying staff, with job opportunities offered within the Tata Group. The merger aims to create a larger airline group, with Singapore Airlines...

Over 7,000 employees from Air India and Vistara will have their roles finalized by June as the merger process progresses. The combined airline will offer greater choices for customers and employees...

Air India and Vistara CEOs will address staff on May 13 about the proposed merger of the two airlines. The merger is awaiting approval from NCLT.

Fitch Ratings has affirmed Clean Renewable Power (Mauritius) Pte Ltd's USD 363 million senior secured notes a 'BB-' rating with stable outlook. The rating reflects the credit strengths and...

Centre Court Capital has launched a Rs 350 crore fund to invest in the Indian e-sports platform ecosystem over the next three years. The fund will focus on early stage startups and has reserved 50...

Singapore's competition regulator has conditionally approved the Air India-Vistara merger, subject to commitments from the airlines. The deal, which includes Singapore Airlines acquiring a stake in...

Singapore's competition regulator has conditionally approved the Air India-Vistara merger, setting conditions to address potential anti-competition concerns. The deal involves Singapore Airlines...

S&P Global Ratings has upgraded Vedanta Resources' long-term issuer credit rating to 'CCC+' from 'selective default', citing completion of a liability management exercise. The stable outlook...

S&P Global Ratings has downgraded Vedanta Resources to 'selective default' after the company extended the maturities of its dollar bonds. The rating agency views the transaction as distressed,...

Vedanta Resources secures $1.25 billion loan for debt refinancing, but S&P Global downgrades its ratings due to potential bond extensions and risks of payment default.