Its chairman Uday Kotak said nearly Rs 43,100 crore of debt stands addressed as of today, including filings made with NCLT/NCLAT and final orders of Supreme Court awaiting compliance.

The season for gross domestic product (GDP) downgrades appears to have begun. Nomura was the first to lower the FY22 India GDP forecast to 12.6 percent from 13.5 percent. Now JPMorgan has lowered their forecast to 11 percent from 13 percent and UBS has lowered to 10 percent from the 11.5 percent earlier. The reasons are obviously the COVID surge and resultant restrictions imposed by several state governments. Hitendra Dave, Head of Global Banking and Markets at HSBC India, Samiran Chakraborty, Chief Economist at Citi and Sonal Varma, Chief Economist at Nomura India shared their views.

"Our developing and emerging markets remained resilient and delivered mid-single-digit organic revenue growth in the quarter, including double-digit growth in Brazil, Russia and China, mid-single-digit growth in India and low-single-digit growth in Mexico," it said.

The biggest impact of COVID-19 on the world has been the accentuated move towards business sustainability. Recent regulatory push and events have shown that ESG compliance is not an option any more and Corporate India will have to actively move in this direction and even articulate their sustainability strategy to the stakeholders. Nisha Poddar speaks to experts Yasemin Lamy of CDC Group, CP Gurnani of Tech Mahindra and Amit Chandra of Bain Capital.