The credit ratings business is dominated by Moody's, Standard & Poor's and Fitch
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
'We didn't ask anyone for their views, because there was no scope for it'
RBI may hold rates steady as economic parametes are going strong, say experts.
What worked for the markets was favourable global investor sentiment and encouraging flows into the emerging markets following stimulus measures taken by central banks.
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.
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.
The 30-share Sensex lost 22 points to close at 27,090 and the 50-share Nifty gained 7 points to end at 8,121.
It is not just a mere coincidence that the change in the government's response happened when Chidambaram took charge.
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.
'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.
Anil Kumble has been paid his dues of close to Rs 1 crore by the Board of Control for Cricket in India, marking a closure to his acrimonious episode as the head coach of the Indian cricket team.
The record contraction in the growth rate of eight core sectors will have its impact on IIP.
Aseem Chhabra lists his favourite Indian films of 2021.
Impressed by his amazing ability to win matches from nowhere, a British newspaper has likened Mahendra Singh Dhoni to the great Michael Jordan and said there is no better candidate than the Indian cricket captain for the sportsman of the 21st century award.
Investor wealth on Tuesday swollen by over Rs 1 lakh crore on all-round buying in stock market after credit rating agency Moody's said India's outlook is stable and agreement over debt relief package to Greece that boosted markets globally.
The 50-share NSE Nifty ended flat, up by 9.85 points, or 0.09 per cent, at 10,399.55.
BCCI's Cricket Advisory Committee member Sourav Ganguly explains why they decided to defer the naming of India's new coach. Harish Kotian/Rediff.com listens in.
The seventh seeds overcame the Czech pair of Lukas Dlouhy and Pavel Vizner 7-5, 6-3
The rupee's stability in the last 12 to 18 months made corporates reduce hedging
India's GDP is estimated to contract by a record 7.7 per cent during 2020-21 as the COVID-19 pandemic severely hit the key manufacturing and services segments, as per government projections released on Thursday. Amid overall decline in economic activities, some respite was provided by the agriculture sector and utility services like power and gas supply, which have been projected to post positive growth during the current fiscal ending March 2021.
'We will infuse the next tranche of recapitalisation by mid-December. Close to Rs 42,000 crore remain to be infused as capital in public sector banks in the current financial year,' a senior finance ministry official said.
The SBI report, however, said the economic growth rate will pick up pace in 2020-21 to 6.2 per cent.
The tri-series in Australia, India's final ODI engagement before the World Cup, gets underway on January 16, says Chandresh Narayanan, casting a fascinating look at the survivors from earlier World Cups.
Former Australia batsman Darren Lehmann was on Thursday named the new coach of Kings XI Punjab for the sixth edition of the Indian Premier League.
The announcement by Standard & Poor's (S&P) on Wednesday to cut its outlook for India from stable to negative should cause no surprise, even though it comes barely five days after a similar exercise by Moody's, which had retained its outlook on India as stable.
Having missed the first two weeks of the Indian Premier League (IPL) due to a fracture on his hand, Sunrisers Hyderabad batsman Shikhar Dhawan is hoping to return to action "very soon" and is awaiting a clearance from the NCA.
Rural slowdown may delay growth in the economy.
The downgrade threat comes in the backdrop of growth slowing to a nine-year low of 5.3% in the fourth quarter of 2011-12, high inflation
India this year will emerge as the world's seventh largest economy, up from the 12 th position in 2008.
Equity benchmark Sensex tumbled 674 points on Friday, weighed by losses in banking stocks as an unabated spike in new coronavirus cases fuelled uncertainty over the economic impact of the pandemic. After hitting a low of 27,500.79 during the day, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower at 27,590.95. The NSE Nifty shed 170 points, or 2.06 per cent, to finish at 8,083.80.
Businessman P C Mustafa wants Indian Americans to return home, Cognizant CEO Francisco D'Souza outlines how Indian tech companies could grow, Gaurav Dalmia has some investment recommendations while Subramanian Swamy warns that India is flirting with a debt trap.
The economic activities that registered growth of over 6 per cent in the second quarter are manufacturing, electricity, gas, water supply, other utility services and trade, hotels, transport and communication, and services related to broadcasting.
Besides Shastri, Rahul Dravid has been appointed as the team's overseas batting consultant and Zaheer Khan as the bowling coach by the three-man CAC team.
India's Test skipper Virat Kohli on Thursday welcomed new head coach Anil Kumble into the team saying he is looking forward towards work with the legendary leg-spinner.
Meet Bhumika Arora, 29, who made the cut!
