We initiate our coverage on Glenmark Pharmaceuticals (GNP IN) (“Glenmark”)’s GNPIN 4.5% 8/21s (BB-/BB by S&P and Fitch, respectively)...

On 7 October 2018, the People’s Bank of China (PBOC) announced a Renminbi Reserve Requirement Ratio (RRR) cut of 100 bps, starting on...

The China-US trade war has clearly escalated. We believe the trade war is on for a long haul and we are not alone. China is the one...

We conducted a study to demystify the correlation between China’s shantytown renovation and real estate prices in the third-tier cities...

We continue our coverage on Noble Group Ltd (NOBL SP) (“Noble”) with our recommendations under continuing review on the NOBLSP complex...

We initiate our coverage on Tata Motors Ltd (TTMT IN) (“TM”) with a NEUTRALrecommendation on all TMIN complex on the following: (1) The...

Bharti Airtel Ltd (BHARTI IN) (Bharti) is in talks with Warburg Pincus to sell a 15% stake in Bharti Airtel International (Netherlands)...

Vedanta Resources PLC (VED LN) (Vedanta) FY18 results, ended 31 March 2018, were within our expectation. EBITDA contribution from all key...

Reliance Communications Ltd (RCOM IN) (RCOM) missed interest payments on its USD300m bonds (RCOMIN 6.5% 6Nov2020s) on 6-November-2017....

Tata Steel Ltd (TATA IN) (“TSL”)’s FY18 revenue improved on rising production volume in Indian operations which accounted for 46% of...

Fitch reaffirmed the issuer rating and senior unsecured debt ratings of Bharti Airtel Ltd (BHARTI IN)(Bharti) at BBB- with a stable...

JSW Steel Ltd (JSTL IN) (JSW) reported strong revenue during 4Q’FY18 (ended in March) with an improving EBITDA margin on rising steel...

2018 has seen a number of corporate defaults for the Chinese onshore bond market. That has led investors to become more risk averse, in...

The Trump administration said on 15 June 2018 that it would impose a 25 percent tariff on USD 50 bn of Chinese products that are imported...

On 8 June 2018, the China Banking and Insurance Regulatory Commission started the public consultation on its proposal to abolish foreign...