S&P expects India's economic fundamentals to remain resilient and to support strong growth over the next 2-3 years.

DeepSeek is seeking about $7.4bn in new funding that would value the company at roughly $74bn, sources said. Proceeds are intended for R&D and expansion of compute infrastructure. Existing shareholders including Lisi Capital, Shixiang Capital and CATL are expected to participate; Tencent had valued DeepSeek at over $50bn in a June round. The company will allow more investors to invest directly in this round rather than routing most allocations through a limited partnership managed by Liang Wenfeng. DeepSeek’s annual recurring revenue is about $500m.

Bangko Sentral ng Pilipinas policy rate 5.00% as of Aug 27; expected 5.00%; prior 4.75% (+25bps).