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.
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.
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.
Former India spinner Venkatapathy Raju explains the mysteries of spin bowling.
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.
High interest costs and a weak rupee may raise overall debt, even as refinancing may not be an issue.
India's economic growth accelerates to 7.4% in Sept quarter
Finance Ministry is expecting a rating upgrade by credit agencies by the year-end on the back of policy initiatives.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
The agency has also retained 'stable' outlook for the country's ratings.
Indian shuttlers thrashed New Zealand 5-0 in a Group B encounter in Glasgow.
Research and ratings agencies like Icra and Moody's have said the CAD in 2018-19 would be much higher than 2017-18
The official said the finance ministry will impress upon rating agencies the resolve of the government to contain fiscal deficit at 4.1 per cent this year and lower it to 3 per cent by 2016-17.
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.
The broader NSE Nifty fell 78.75 points, or 0.70 per cent, to close at 11,234.55.
A World Bank study has virtually questioned the methodology of sovereign rating by the international agencies, saying there was evidence that Moody's such rating had low predictive power for currency crises.\n\n\n\n
The Indian banking sector faces the challenge of tackling rising defaults due to slowing economy, even as the banks in the country do not have toxic assets, which triggered financial crisis elsewhere, rating agency Moody's said.
IndusInd Bank, Infosys, Maruti, Vedanta, Hero MotoCorp, Tata Motors, ONGC and RIL too fell up to 4.96 per cent.
In its quarterly monetary policy review on January 29, the RBI had announced a 0.75 per cent raise in the cash reserve ratio, or the amount banks need to park with the RBI, from 5 per cent earlier.
A'Market valuation is another concern.'
'India is trading at steep valuations and there have been a number of IPOs, especially in the insurance sector, that have had an impact on secondary market liquidity.'
The former Australia wicketkeeper joins former England coach Trevor Bayliss, who was appointed Sunrisers head coach last month.
The Indian stock markets may have gained significantly in recent months but the country's fiscal position and uncertainty about global recovery still suggests a cautious approach towards equities, says Moody's.
RBI's announcement that it would tighten liquidity and re-emphasize its anti-inflationary monetary policy stance could come at the cost of slower short-term economic growth, according to Moody's.
Former cricketers, including Sachin Tendulkar, among other sportspersons, lavished praise on the Indian cricket team after the defending champions beat arch-rivals Pakistan by 76 runs in their World Cup opener in Adelaide.
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.
Aseem Chhabra lists 10 of his favourite films that played in various sections at the 74th Cannes Film Festival.
Leander Paes and his Czech partner Lukas Dloughy moved into the semi-final of the men's doubles and were joined by Mahesh Bhupathi and his partner Mark Knowles of Bahamas.
AB de Villiers has said the Indian Premier League (IPL) should do away with large fines for slow over rates and shorten innings breaks to 10 minutes
What worked for the markets was favourable global investor sentiment and encouraging flows into the emerging markets following stimulus measures taken by central banks.
Aseem Chhabra lists his favourite Indian films of 2021.
'We didn't ask anyone for their views, because there was no scope for it'
The prospect of further falls in remittances is a hindrance for the Reserve Bank of India, as it seeks to bullet-proof the economy against sudden capital outflows
Bankers back the new bankruptcy code, which would impose debt deadlines on failed firms and foresees up to five years in jail for debtors who conceal property or defraud creditors
Yes Bank was the top gainer in the Sensex pack rising 5.80 per cent, followed by Tata Motors, ICICI Bank, IndusInd Bank, Axis Bank, Kotak Bank and Tata Steel.
The FATF continuing Pakistan in the 'Grey' list means its downgrading by IMF, World Bank, ADB, EU and also a reduction in risk rating by Moody's, S&P and Fitch.
Lower crude prices mean less government outlay for India,
The credit ratings business is dominated by Moody's, Standard & Poor's and Fitch
RBI may hold rates steady as economic parametes are going strong, say experts.
'We expect a pick-up in the second half of the current fiscal. But before that, data is likely to show a further slowdown. The second quarter print is likely to be worse than the first quarter,' said a senior official.
The record contraction in the growth rate of eight core sectors will have its impact on IIP.
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