Despite government efforts, debt levels continue to surge even as nominal GDP growth has slowed down, the rating agency said in a report on Thursday.
CNBC’s Inside India newsletter: IPO boom looks to break new records
India had a flood of listings in 2023, which hit a nine-year high of 238 with $7.35 billion raised. Could 2024 set a new record?
Asia-Pacific markets trade lower ahead of Bank of Japan rate decision
While the Bank of Japan is expected to keep its benchmark interest rates unchanged, the bank is reportedly considering reducing its JGB holdings.
Apple Vision Pro to sell in China, Japan and Singapore by end of this month in first debut outside the U.S.
Apple is launching its flagship virtual reality headset, the Apple Vision Pro, in China, Hong Kong, Japan and Singapore on June 28.
Asia-Pacific markets rise as Fed holds rates and shifts dot plot; EV stocks surge despite EU tariffs
The Fed has projected one rate cut this year, down from three, but raises the number of projected rate cuts to a total of four in 2025.
Asia-Pacific markets mixed as China’s May inflation rises for the 4th straight month
China’s May inflation rate is expected to inch up to 0.4%, compared to April’s increase of 0.3%.
Asia-Pacific markets are trading mixed; Taiwan market touches new highs
Investors in Asia will be looking to the Fed decision on Wednesday stateside, following the May inflation report due out earlier the same day.
Taiwan’s energy crunch could ‘throw a wrench’ into the global semiconductor industry
Taiwan, the world’s semiconductor powerhouse, is facing a power crunch — and this could spell trouble for chipmakers.
Toyota lost over $15 billion in market value last week after being caught falsifying tests
The wide-ranging inspection by the transport ministry also found that irregularities were also found in automakers Honda, Suzuki and Yamaha.
India’s aviation growth remains strong but external risks linger, Vistara CEO says
The Indian government has also taken significant step in the past few years to strengthen the aviation sector.