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Mastercard s India slip is not too badly timed

Mastercard s India slip is not too badly timed
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Sumitomo looks past cracks in India s credit scene – Breakingviews

Sumitomo looks past cracks in India s credit scene – Breakingviews
breakingviews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from breakingviews.com Daily Mail and Mail on Sunday newspapers.

India s bad debt redux looks less painful

Reuters 2 minute read A man counts Indian currency notes inside a shop in Mumbai, India, August 13, 2018. REUTERS/Francis Mascarenhas MUMBAI, July 2 (Reuters Breakingviews) - Consumption and activity are rebounding fast after India’s brutal second viral wave, but the central bank’s latest financial stability report hints at some of the credit pain left behind. India’s borrowers have received scant support compared to their counterparts in developed economies. The probability of default for Indian retail counterparties to European Union banks, for example, increased to 8.6% in the fourth quarter of 2020, up from about 5% a year earlier. For a group of six rich countries, including France and Germany, that figure fell or held steady over the same period.

Didi steers towards more muted Uber-like valuation

China’s ride-hailing behemoth is driving slow ahead of its initial public offering. Didi Global, led by boss Will Wei Cheng, is targeting a market capitalisation of up to $67 billion, based on a price range of $13 to $14 per share, just two-thirds of the earlier mooted goal .

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