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Markets, IPOs & Wealth Just now (11:28 PM IST)

Fitch Turns Positive on PRISM as Leverage Improves and Cash Flow Strengthens

Fitch Ratings has revised the outlook on PRISM, the parent of Oyo, to Positive from Stable while affirming its 'B' ratings, citing improving leverage, stronger cash generation and sustained revenue growth. The agency said the company could deleverage further if any future IPO proceeds are directed toward debt repayment, with EBITDA leverage projected to ease to 3.8x by FY28.

By RDU Global Wire5 min read

World Politics & Diplomacy1h ago

Merz Under Pressure as Germany's Political and Economic Identity Frays

Chancellor Friedrich Merz is facing mounting pressure after a bruising run of regional election results exposed deep unease inside Germany's governing coalition and among voters. Beyond the immediate political crisis, the setbacks reflect a broader national reckoning over immigration, industrial decline, energy costs and the fading certainties that once defined modern Germany.

5 min readRead →

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PRISM(1)Oyo(1)New Delhi(1)