Mumbai (Maharashtra) [India], April 17 (ANI): Fitch Ratings has affirmed Future Retail Ltd's (FRL's) issuer default rating at 'C' and the rating on its USD500 million 5.6 per cent senior secured notes due 2025 at 'C' while revising the recovery rating to 'RR5' from 'RR4'.
Emerging DeFi project, CrossFi, has this week published details of the protocol’s cross-chain liquidity sharing solution. Developed as a way to grant liquidity to heterogeneous blockchain locked digital assets, the CrossFi protocol utilizes industry-leading interoperability technology to connect different assets across public chains and drive further development in the DeFi space.
Whitley [UK], April 13 (ANI): Tata Motors said on Tuesday its British luxury unit Jaguar Land Rover (JLR) achieved retail sales of 123,483 vehicles in Q4 fiscal 2020-21, 12.4 per cent higher than the same quarter last year.
Singapore, April 12 (ANI): The rapid increase in new coronavirus cases is credit negative for Indian airports, given the adverse effect on passenger and aircraft traffic which are key revenue drivers for the sector, Moody's Investors Service said on Monday.
Mumbai (Maharashtra) [India], April 10 (ANI): International prices of non-ferrous metals are fluctuating high and will continue to for the next 12 to 15 months, according to investment information firm ICRA.
Pune (Maharashtra) [India], April 9 (ANI/NewsVoir): The Monetary Policy Committee, constituted by the Reserve Bank of India and led by Shaktikanta Das, RBI Governor, decided to keep repo rates unchanged at 4 per cent on April 7, 2021. This is the fifth consecutive time the RBI kept lending rates unchanged, in line with market expectations.
New Delhi [India], April 9 (ANI): Bankers and real estate experts have welcomed the Reserve Bank of India's (RBI's) decision to keep repo rate unchanged at 4 per cent amid rising Covid-19 cases in the country which is threatening a promising economic recovery.