”Global economy enters recession”, says S&P

S&P Global Ratings lowered India’s economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic. The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar. Continue Reading

Bharti Airtel plans to raise up to $1 billion

The fundraising is likely to be in range of $750 million to $1 billion, and the final figure will be arrived at based on the market response. The proceeds from the issue will be utilised for pruning debt of Bharti Airtel. Bharti Airtel’s debt stood at Rs 1.16 lakh crore as in June 2019. Continue Reading

Airtel’s focus on high paying customers may improve cash flow: S&P

Global telecommunications major Bharti Airtel’s focus on high paying customers and reduction in capital spending may help the company improve cash flows over the next 12 months, S&P Global Ratings has said. Continue Reading