Is the urban water system breaking?

Bengaluru, often celebrated for being a ‘garden city’, the ‘IT capital’ of the country, and its pleasant weather, has been making headlines this year for facing a severe water crisis following the drought of 2023. The water crisis is also likely to hit other urban centres and rural areas. According to a recent weekly bulletin … Read more

Corporate credit profile was robust in FY24, says India Ratings and Research

Corporate India’s credit profile reported robust performance during FY24, with 312 issuers seeing credit upgrades and 114 facing downgrades during the fiscal year, rating agency India Ratings and Research said on Monday. The rating agency’s corporate downgrade-to-upgrade (D/U) ratio remained low at 0.37 for FY24, but saw some moderation from 0.26 in FY23. Defaults stood … Read more

Aditya Birla Capital to sell partial stake in AMC

Aditya Birla Capital (ABCL) and Sun Life (India) AMC Investments Inc. (Sun Life) are the Promoters of Aditya Birla Sun Life AMC (ABSAMC). ABSAMC serves as the investment manager for AB Sun Life MF, a legally registered trust governed by the Indian Trusts Act. Promoters currently together hold 86.48% of the ABSAMC – 49.99% by … Read more