Adding to concerns of a tight labor market and runaway inflation, data on Tuesday showed an acceleration of unit labor costs in the second quarter, which suggested strong wage pressures will help keep inflation elevated.
Moody’s upgrades outlook for Bharti Airtel to Positive on improved finances
Moody’s upgraded Bharti Airtel’s outlook to ‘positive’ on improved financials and market share gains. They may raise the rating if profitability increases and regulations remain