India Inc's EBITDA to shrink 24% in FY21 due to Covid disruptions: Moody's
Global rating agency Moody’s on Friday said that the aggregate EBITDA of Indian companies is expected to decline by 24 per cent in fiscal 2021 due to coronavirus disruptions. The credit quality will also weaken across rated Indian non-financial corporates due to the outbreak as a slowing economy dampens consumer confidence and business activity. Read More...
Centre releases Rs 6,195 crore to 14 states as devolution of taxes
The Central government on Friday released Rs 6,195.08 crore to 14 states as the sixth equated monthly installment of the