The US House of Representatives has passed a bipartisan legislation, urging China to peacefully de-escalate the situation with India along the Line of Actual Control. The legislation on Tuesday came a day after the House unanimously passed an amendment to the National Defense Authorization Act (NDAA), slamming China's aggression against India in the Galwan Valley and its growing territorial assertiveness in and around disputed areas like the South China Sea. Read more here
CARE Rating has downgraded rating for debentures of Morgan Credit Private Ltd (MPCL), a Rana Kapoor
family owned firm, from “BB” to “D” grade as it failed to make payments to investors of non-convertible debentures. Read more here
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