Top headlines: S&P ups India inflation forecast, green hydrogen, and more

S&P Global Ratings raises India's inflation forecast to 6.8% for FY23. India Inc's next big thing could be green hydrogen

Green hydrogen: India Inc's next big thing even as policies take shape    

A central guiding policy on this fad fuel is on the drawing board with unique incentives and a regulated supply chain is yet to emerge. Read more
 

Govt asks Byju's to explain delay in filing audited financial accounts

The Ministry of Corporate Affairs has asked Byju’s to explain why it hasn’t filed its audited financials for the year ending March 2021, according to a Bloomberg report. Read more
 

S&P raises India inflation forecast by 50 basis points to 6.8% for FY23

India has ample foreign exchange reserves to withstand pressure on credit worthiness, S&P Global Ratings said on Thursday,
while raising its inflation forecast by 50 basis points to 6.8 per cent for FY23 citing higher commodity prices, rising interest rates and foreign exchange volatility. It kept its growth forecast unchanged at 7.3 per cent for the financial year. Read more
 

India's outbound deal value at $7.6 billion, rises for third year in a row

India has spent more on overseas mergers and acquisitions (M&As) by August than in the whole of 2021. Read more
 

India's valuation premium to emerging market peers at five-month high

A sharp rally in domestic stocks from June lows has once again rendered Indian markets expensive to their emerging-market (EM) peers. The 12-month forward price-to-earnings (P/E) multiple for the Nifty50 Index is around 20.6x — 82 per cent higher than 11.3 per cent for the MSCI EM Index. Read more