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May 18, 2023

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Indian equities took a beating on Wednesday, tracking the risk-off sentiment in other global markets, after Fitch Ratings cut the sovereign credit rating of the US, the world’s largest economy, by one level from the highest AAA to AA+.

India will impose 28% goods and services tax (GST) on the full face value of bets placed in online games, including overseas platforms, as well as casinos and horse racing.

Tesla Inc, the world’s most-valued automotive company, has leased some office space in the leading local automobile hub of Pune amid talk that company executives are meeting up with Indian government officials to discuss the electric car-maker’s entry into the domestic market.

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