Bharti Airtel’s credit rating has been upgraded by S&P Global Ratings. This reflects the company’s strong earnings and cash flow. The upgrade is expected to drive continued debt reduction over the next 12 to 24 months. Airtel’s financial flexibility is anticipated to improve. This positive outlook is supported by rational industry competition and tariff hikes.
Jio IPO breaks multiple records: From fundraising to investor demand, how the mega issue rewrote India’s IPO history
The issue set records across fundraising, anchor investor demand and applications, while attracting the highest qualified institutional buyer (QIB) subscription among India’s five largest IPOs.