Top headlines: Fitch affirms India's sovereign rating, FAME subsidy row

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Fitch affirms India's sovereign rating at 'BBB-' with stable outlook

Fitch Ratings on Tuesday affirmed India's sovereign rating with a stable outlook saying the country has a robust growth outlook and resilient external finances. Read More
 

India frets over US proposal seeking advance tariff notices at IPEF

India fears that a proposal by the United States under the “supply chains” pillar of the Indo-Pacific Economic Framework (IPEF) could violate multilateral rules and reduce policy elbowroom. The government has sought industry’s views on the US proposal, which seeks advance notices on tariff changes and export restrictions from the 14 partner countries of the IPEF, before firming up its position. Read More
 

FAME subsidy row: Centre to return Rs 800 cr to ex-factory price defaulters

With electric two-wheeler (E2W) manufacturers agreeing to reimburse consumers for the “off-board chargers”, for which the latter have paid, the government is planning to release the halted subsidy under the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME) II to them. Read More
 

Swiggy, Zomato may not offer steep discounts after govt-owned ONDC move

Online food delivery majors Swiggy and Zomato may not immediately give in to the price war waged by ONDC, say experts. Read More
 

Adani Ports to pay $130 mn of debt early, $413 mn debt tendered for payment

India's Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, said on Tuesday that it would pay $130 million of its debt early, after nearly $413 million worth of debt has been tendered for early payment. Read More