Here’s a rundown of what all happened this week

  • Rating agency Moody downgraded its outlook from stable to negative.
  • OYO founder Ritesh Agarwal was recently booked in a cheating case by a hotel owner in Bengaluru.
  • Motu Patlu’s creators eye the big fat Chinese cartoon market with 5 new shows
This week, rating agency Moody’s changed its outlook on India from stable to negative. Motu Patlu’s creator told Business Insider that they are going to launch five new shows in China.

OYO founder Ritesh Agarwal was recently booked in a cheating case by a hotel owner in Bengaluru.

The stalemate over Maharashtra state government continues. Senior Shiv Sena leader Sanjay Raut met NCP chief Sharad Pawar in Mumbai on Wednesday.

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Rating agency Moody downgraded its outlook from stable to negative

Rating agency Moody downgraded its outlook from stable to negative

Moody’s rating agency changed its outlook on India to ‘negative’ from ‘stable’. Interestingly, the latest cut has come after weeks of continued efforts⁠— from cut in corporate taxes to merging large banks, creating a rescue fund for cash-strapped builders, and other stimulus measures ⁠— by the Modi government to revive the economy.

Moody's upgraded India in November 2017, a year after demonetisation, but economic growth has hit a six-year low since then.

Motu Patlu’s creators eye the big fat Chinese cartoon market with 5 new shows

Motu Patlu’s creators eye the big fat Chinese cartoon market with 5 new shows

After Chotta Bheem went international, yet another popular Indian animation ‘Motu Patlu’ is heading for greener pastures. Cosmos Maya, the creators of Motu Patlu are now planning to capture a share of China’s $29 billion animation industry.

“We have 4-5 new shows under production for China. I strongly believe that both India and China have similar culture, family values, and lifestyle,” said Suhas Kadar, Chief Creative Officer, Cosmos Maya to Business Insider India in an interview.

​OYO founder Ritesh Agarwal was recently booked in a cheating case by a hotel owner in Bengaluru

​OYO founder Ritesh Agarwal was recently booked in a cheating case by a hotel owner in Bengaluru

A Bengaluru hotelier filed a cheating case against OYO CEO Ritesh Agarwal and six others claiming that OYO hasn’t paid him his dues. According to the complaint, the hotelier claimed that OYO was supposed to pay him ₹7 lakh a month for room bookings but failed to do so since May 2019.

​Sena leader Raut meets Pawar as CM logjam continues

​Sena leader Raut meets Pawar as CM logjam continues

Amid the stand-off over government formation in Maharashtra, senior Shiv Sena leader Sanjay Raut meet NCP chief Sharad Pawar in Mumbai on Wednesday.

"This was a courtesy call," Raut told reporters later.

The BJP and the Shiv Sena are locked in a bitter tussle over sharing of the chief minister's post and ministerial portfolios in the state.

Eventually, Maharashtra’s CM Devendra Fadnavis on Friday resigned from his post following the tussle between BJP and Shiv sena over forming government in the state.

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