The Indian economy expanded 5 per cent in April-June, its slowest annual pace since 2013.
Bharti Airtel has appointed a clutch of bankers including BofA Merrill Lynch, Barclays among others as joint bookrunners.
Revision in the outlook follows RIL announcing plans to sell a 20 pc stake in its oil-to-chemical division to Saudi Aramco.
Fitch says long-term concerns about realty exposure stay.
The agency appointed T N Arun Kumar, currently executive director of ratings, as interim CEO.
According to Fitch Ratings more international companies are likely to enter the fast-expanding Indian market.
RBI cut the repo rate to 5.75 per cent on June 6, its third cut in 2019, while also changing its policy stance to ‘accommodative’.
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