Without disclosing reasons, ICRA informed the stock exchanges on Thursday, 'The board, after due consideration and taking into account the best interests of the company and its various stakeholders, has decided to terminate the employment of Takkar with immediate effect.'
Former Australia all-rounder Tom Moody said the India opener first needs to be sure of his off-stump in order to convert his starts into big scores in Test cricket.
Dubs Modi government a "one trick horse" which will make the Hindu-Muslim issue the dominant one in political discourse; asks Opposition to field one candidate in every seat against BJP nominee in 2019 polls.
The Board of Control for Cricket in India's Cricket Advisory Committee (CAC) will certainly speak to Virat Kohli before announcing the new chief coach but they will only explain the 'rationale' behind their decision and not seek his opinion on the matter.
"I can't see why an Australian coach could not fit and do a good job here", Ricky Ponting said.
For banks, the package will limit the burden of provisioning for stressed loans. Besides, the proposed restructuring package for MSMEs with a credit of up to Rs 25 crore is expected to provide a breather to units from this sector.
India's macroeconomic situation is improving fast and the country's GDP growth will turn positive in the third and fourth quarters of the current financial year, eminent economist Ashima Goyal said on Sunday. Goyal in an interview to PTI said the management of the COVID-19 pandemic and gradual unlocks announced by the government have helped in avoiding multiple COVID-19 peaks. The growth estimates by different agencies are being continuously revised, she said.
With the world's worst outbreak of COVID pandemic stalling a nascent economic recovery, the government has begun assessing the impact of the second wave of infections on different sectors and may look at providing support at an appropriate time to segments requiring fiscal help. Some of the economic indicators, including the Goods and Services Tax (GST) collections, still provide confidence and incoming data will throw some more light on the state of the economy, sources said. Services sectors like hospitality, tourism and aviation which had just started recovering were hit hard by the second wave of COVID, the sources said, adding these segments might need some support on an urgent basis from the government.
'It may sound like sacrilege, but does it really matter if the global raters downgrade India for fiscal slippage?' asks Tamal Bandyopadhyay.
Veteran batsman Yuvraj Singh has recovered from an ankle injury and is likely to play his first IPL match of the season when Sunrisers Hyderabad take on Gujarat Lions in Hyderabad, on Friday.
Motilal Oswal, chairman and managing director, Motilal Oswal Financial Services, tells Puneet Wadhwa that with Moody's upgrading India's sovereign rating and earnings growth coming back, the country will remain a hot destination for foreign investors.
Portfolio returns, say analysts at Morgan Stanley, are more likely to be driven by bottom-up stock-picking rather than top-down macro forces.
Mumbai Indians' star bowler Mitchell McClenaghan said his side is fully prepared for the IPL play-off match.
Ashish Nehra has been ruled out of the rest of the Indian Premier League T20 tournament.
Top gainers in the Sensex pack included ICICI Bank, Infosys, Bajaj Finance and HDFC Bank, rising up to 2.67 per cent.
The reforms proposed by the government may help reduce the key risks facing the economy but cannot lift the near-term outlook, Moody's said, while adding that the economy is growing well below its long-term potential.
Laxman said the management had made up its mind before the 2020 auction to pick young Indian batsmen for the middle-order.
'The good news is that money continues to flow into India-focussed offshore funds.'
India's upbeat outlook contrasts with neighbouring China, where growth slipped to 6.7 in the first quarter
Anaysts recommend a 'buy' on Icra due to its positive outlook.
Anaysts recommend a 'buy' on Icra due to its positive outlook.
In a new series, Bollywood's towering talents, who themselves made brilliant works this year, pick their favourite show of 2021, and tell us just why they loved it.
Several critics including some rating agencies have doubted prospects of meeting this ambitious fiscal deficit target.
Modi tells global investors to invest in India.
Sunrisers Hyderabad allrounder Yuvraj Singh has been ruled out of action for the first two weeks of Indian Premier League.
India's service sector proportionately much larger than China's, while its investment and industrial-production shares are much lower
Former India spinner Venkatapathy Raju explains the mysteries of spin bowling.
Though the NDA government had been trying to privatise 20 companies, a decision for which was taken in 2017, and included national carrier Air India, the investor community evinced little enthusiasm for any of them. Now, with an in-principle approval for privatisation of BPCL, CCI and SCI, the government has taken the plunge again.
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
The government needs to play greater role in taming inflation by reining in spending, as the Reserve Bank of India's tightening of its policy rates will have little impact on checking price rise, global research firm Moody's said on Friday.
Amid the rituals of Maha Ashtami (the third day of the five-day festival), Pranab Mukherjee spoke to Shine Jacob on the Moody's downgrade of State Bank of India and other issues.
India started their limited-overs tour of Australia on a positive note, comprehensively beating a second-string Western Australia XI by 74 runs in a Twenty20 warm-up game on Friday with Virat Kohli and Shikhar Dhawan striking fluent half-centuries.
India's economic growth accelerates to 7.4% in Sept quarter
Aseem Chhabra lists 10 of his favourite films that played in various sections at the 74th Cannes Film Festival.
Business failures rise when growth declines. When Indian growth slowed in the last decade, defaults increased. This is the normal working of the market economy, points out Ajay Shah.
The broader NSE Nifty fell 78.75 points, or 0.70 per cent, to close at 11,234.55.
Finance Ministry is expecting a rating upgrade by credit agencies by the year-end on the back of policy initiatives.
Aseem Chhabra lists his favourite Indian films of 2021.
High interest costs and a weak rupee may raise overall debt, even as refinancing may not be an issue.
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