Global rating agency Moody’s on Monday said the high commodity prices and supply chain disruptions due to further escalation in the Russia-Ukraine crisis could expose about 42 per cent of rated Indian companies to significant risks. They are mainly in the oil and gas and automotive sectors.

The impact may be seen under two scenarios: first, revised base line and second being downside economic scenarios incorporating a global recession and a more severe liquidity squeeze, it said.

Air India, under its new Tata management, has taken a Rs 60,800 crore ($8 billion) cover by paying Rs 266 crore premium to a clutch of insurance companies, including Tata AIG General Insurance.

The airline managed to get a better deal as it valued its fleet lower by almost $2 billion. The new management held extensive negotiations – both in India and London, to get a good deal considering the rising premiums due to the ongoing Russia-Ukraine war. As per the new policy, the airline will not be able to fly over Russian and Ukrainian airspace due to the conflict.

Shares of Kishore Biyani-led Future Group companies tanked up to 20 per cent on the BSE in Monday’s intra-day trade after Reliance Industries (RIL) called-off the deal to buy Future Retail as lenders to the retail company objected.

Future Supply Chain Solutions (down 20 per cent at Rs 37.30) and Future Lifestyle Fashions (down 20 per cent at Rs 29.40) hit their respective all-time lows in intra-day trade.

The rupee declined 23 paise to 76.65 against the US dollar in the opening trade on Monday tracking the strength of the dollar in the overseas market.

At the interbank foreign exchange, the rupee opened on a muted note at 76.58 against the American dollar, then fell and touched an early low of 76.65 in initial deals, registering a fall of 23 paise over its previous close.

India’s job creation problem is morphing into a greater threat: a growing number of people are no longer even looking for work.

Frustrated at not being able to find the right kind of job, millions of Indians, particularly women, are exiting the labor force entirely, according to new data from the Centre for Monitoring Indian Economy Pvt, a private research firm in Mumbai.

India’s decision to go ahead with a much-reduced target for its vaunted life insurer’s initial public offering, as skittish investors continue to pull money from the South Asian nation, is adding to the risks threatening the nation’s fiscal deficit target.

Life Insurance Corporation of India’s board on Saturday approved selling a 3.5% stake for about 210 billion rupees ($2.8 billion), far lower than the 500 billion rupees estimated before Russia invaded Ukraine. Anchor investors had been reluctant to commit as the war eroded demand for equities, according to people with knowledge of the matter, with foreign funds withdrawing more than $16 billion from Indian stocks this year.

Lenders of debt-ridden Reliance Capital Ltd (RCL) are likely to share the Request For Resolution Plan (RFRP) document with bidders by Wednesday or Thursday and bids with a high upfront cash payment component will get the maximum score as a part of the resolution process, sources said.

The RFRP document sets the guidelines for the submission and evaluation of the resolution plan and is shared with all the companies that have submitted Expression of Interest (EoI) for the submission of financial bids.

With 2,527 coronavirus infections being reported in a day, India's total tally of cases rose to 4,30,54,952, while active cases have increased to 15,079, according to Union health ministry data updated on Saturday.

The death toll has climbed to 5,22,149 with 33 fatalities, the data updated at 8 am stated.

India's smartphone market grew just 2 per cent in the first quarter of 2022 owing to supply constraints, not a great start to the year for a market which has seen double-digit percentage growth even during the Covid-19 pandemic, a new report has said.

The biggest challenge this year will be maintaining device affordability in India, according to global market research firm Canalys.

Covid-19 was the third leading cause of death in the United States in 2021, following heart disease and cancer, according to a report released by the US Centers for Disease Control and Prevention (CDC).

The report released on Friday showed that the overall age-adjusted death rate increased by nearly 1 per cent in 2021 from 2020.

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