Moody's Investors Service has changed the outlook for the long-term foreign currency deposit ratings of a number of Indian banks -- currently rated Ba2 -- from 'negative' to 'stable' for India.
With inflation reaching new highs, the Reserve Bank of India on Saturday said it will take 'measured' steps to contain the rise in price level and the spurt in the yields of government papers will not impact the Centre's borrowing.
In absence of hard facts, the group risks losing public trust, says the firm, which has investment from the Tatas
Jurors in the London perjury trial of former New Zealand cricket captain Chris Cairns retired to consider their verdicts on Tuesday.
Moody's downgraded local currency bank deposit ratings.
On Tuesday, Economic Affairs Secretary Arvind Mayaram told reporters that economic growth this financial year would be over five per cent and the numbers in the second quarter would be better than the first quarter which yielded gross domestic product expansion of 4.4 per cent, a four-year low.
BSE IT index was the biggest sectoral loser, down 1.5% dragged by TCS
Tata Motors Ltd is to develop a new platform for utility vehicle for which it will firm up the project outlay by January 2004, a senior company official said on Saturday.
Volkswagen is looking at ways to cut costs and boost cash flow.
In a proposal to FinMin, the Banks Board Bureau suggests asset sales to PSUs within a deadline to recover bad loans.
Former New Zealand skipper Brendon McCullum has insisted that he can never forgive his ex-team-mate Chris Cairns after the latter effectively lobbied to destroy his credibility over match-fixing allegations. Cairns had been linked to match-fixing following statements by Stephen Fleming and McCullum. However, he was cleared of any wrongdoing in a court of law and by the ICC's anti-corruption unit. McCullum, who had told the jury that Cairns had approached him three times in total over fixing a match, insisted that he felt as if his character had come under-fire during the prejury trial.
Wiping off nearly Rs 4 lakh crore of investors' wealth during the day, benchmark Sensex crashed on Friday.
The broad contours of their assignment are expected to be making independent assessment of recovery prospects, and estimating haircuts for restructuring cases.
New Zealand skipper Brendon McCullum has revealed before a court in London that he felt shocked when his idol, Chris Cairns, approached him regarding fixing a match.
India is home to almost 1.3 billion people.
NBFCs are mainly dependent on funding their operation from their own cash flows.
India welcomed resolution of the political crisis in Sri Lanka and exuded confidence that relations between the two countries will continue to move on in an upward trajectory.
The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent.
The WPI has been in the negative zone since November.
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
Growth forecast has been lowered owing to tepid growth in the first half of 2017-18, the lingering effects of demonetisation, transitory challenges of GST, and some risks to agriculture stemming from a spotty monsoon.
The size of the GDP in the second quarter of 2018-19 is estimated at Rs 33.98 lakh crore, as against Rs 31.72 lakh crore a year ago
Piramal Realty received equity funding from Warburg Pincus and Goldman Sachs in July.
Looking for a way out, property developers deal in banned notes.
Investors globally pulled out more than $3 billion from equity funds focused on Emerging markets including India in a week amid concerns over the US Federal Reserve's plan of curtailing its stimulus drive starting later this year.
Emergency measures are needed to avoid "a total collapse in public security, health, education, transport and environmental management," a decree in the state's Official Gazette said.
The S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.3% and 0.5%, respectively
This is another blow to Modi's ambitious economic reform agenda that has been stalled by a logjam in parliament
List of Australian Open women's singles champions since the event began in 1922 (Australian unless stated):
Finance Ministry is expecting a rating upgrade by credit agencies by the year-end on the back of policy initiatives.
There is a sense of relief in Beijing that Modi will be at the helm of affairs in Delhi at a critical juncture in the geopolitics of the region, says Ambassador M K Bhadrakumar.
Among Sensex constituents, Vedanta fell 3.40 per cent, followed by SBI 3.17 per cent, Yes Bank 3.11 per cent, Axis Bank 1.68 per cent, ONGC 1.60 per cent, Power Grid 1.52 per cent and HDFC 1.48 per cent.
Analysts expect structural risks such as risk to voice revenues, steep correction in data realisations, capex spend and rise in churn and subsequent increase in costs to continue in the medium term
The venue for Saturday's meeting was shifted at the last minute from the headquarters of the India Banks' Association in Cuffe Parade to avoid media glare.
Finance Minister Arun Jaitley sought parliament's approval on Friday to increase the spending budget for this fiscal year by $4 billion, with almost half to be used to inject extra capital into state banks struggling with bad loans.
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
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