Business Today

Slowdown Blues: Fitch lowers India's GDP growth forecast to 6.6% for FY20

Fitch Ratings has retained its GDP growth forecast for FY21 and FY22 at 7.1 per cent and 7 per cent, respectively

No direct flight to come to India, too ill to take a 41-hour long flight, says Mehul Choksi

Choksi also refuted accusations by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) that he was not ready to join the probe in the PNB fraud case.

Jet Airways to go into bankruptcy as lenders fail to agree to revive

Jet Airways crisis: After failing to find a resolution outside the bankruptcy framework for the debt-ridden Jet Airways, the SBI-led consortium has decided to move the NCLT for realising their dues

BT Insight: Interest rate, credit and concentration risks in debt funds that you must know about

Unlike equity investment, where the long-term approach is appreciated, debt investment should be avoided for long-term goals as longer the investment horizon, the higher the uncertainty on the interest rate and credit risks

Anil Ambani falls off billionaire club; equity wealth crashes from $42 billion to $0.5 billion

The value of Ambani's un-encumbered equity stands at Rs 765 crore ($109 million) - barely 2 times the $50 million Bombardier Global Express jet he flies.

 
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