Top headlines: India Inc's EBITDA to shrink 24%, Soota's IPO jackpot

From Centre releasing rants for states amid Covid, India-China agreeing on a 5-point plan to Moody's saying India Inc's EBITDA to shrink, Business Standard brings you top news of the evening

India Inc's EBITDA to shrink 24% in FY21 due to Covid disruptions: Moody's

Global rating agency Moody’s on Friday said that the aggregate EBITDA of Indian companies is expected to decline by 24 per cent in fiscal 2021 due to coronavirus disruptions. The credit quality will also weaken across rated Indian non-financial corporates due to the outbreak as a slowing economy dampens consumer confidence and business activity. Read More...

Centre releases Rs 6,195 crore to 14 states as devolution of taxes

The Central government on Friday released Rs 6,195.08 crore to 14 states as the sixth equated monthly installment of the