Economy

S&P Global Ratings has assigned its 'BB-' long-term issue rating to ReNew Power Pte Ltd's (RPL; BB-/Stable/--) proposed US$400 million senior secured notes for repayment of existing debts.

Players in the Indian microfinance sector would need external capital of Rs.3,900-5,300 crore during over the next three years, according to ICRA estimates.

The PHD Chamber of Commerce and Industry will work with Power2SME to plan various communications and marketing initiatives for specific solutions, and offerings that may bring value to the member companies in the Micro, Small and Medium Enterprises (MSMEs) sector.

Over the years, the evolution of the Indian rental housing market has been curiously lop-sided, even as the trends driving it have changed considerably, writes Prashant Thakur, Director & Head – Research, ANAROCK Property Consultants.

Australia’s ROC Star Investment Trust has received approval to acquire 2.39% equity share capital of Chennai-based Star Health and Allied Insurance Company Limited.

The government has to infuse capital in the economy in a systematic way, given that the advance GDP estimates are projecting 5% GDP growth in FY20.

Sectors like Tourism, Urban Development, Infrastructure and Agri based Industry have a great potential to taking forward the Indian economy and create jobs, Prime Minister Narendra Modi told various senior Economists, Private Equity/Venture Capitalists and Business Leaders.

India will have to raise its labour productivity growth to 6.3% to achieve 8.0% GDP growth, says India Ratings and Research (Fitch Group). The labour productivity growth in FY19 was 5.2%.

Fintech and green finance could play a critical role in achieving inclusive growth and broad-based prosperity in India, said Singapore’s Senior Minister Tharman Shanmugaratnam.

Adani Ports and Special Economic Zone Limited (APSEZ) plans to enhance cargo volume to 100 MMT in around 7 years at Krishnapatnam Port Company Ltd (KPCL) in which it is acquiring 75% controlling stake for Rs.13,500 crore.