The rating agency was hopeful that RIL would sort out technical problems being faced at its flagship eastern offshore KG-D6 fields where output has almost halved in past two years.
The coach of Sunrisers Hyderabad Tom Moody is hoping for Yuvraj Singh's speedy recovery ahead of season nine of the Indian Premier League. The Hyderabad-based franchise made some smart picks in the 2016 IPL Player Auctions. But the biggest name that caught everyone's attention was Yuvraj. However, the senior all-rounder is recovering from an injury, that he sustained during the World T20 and is expected to miss out on the first two weeks of IPL. "A player like Yuvraj Singh is important to any team. He is not only a match-winner with the bat but he is a very useful bowler in those middle overs," Moody said. "Sadly, Yuvraj will be out for a couple of weeks but we don't know how long that is going to be," Moody hoped for Yuvraj's speedy recovery from an ankle injury.
The state-owned bank's loss largely offsets the Rs 1,800-crore (Rs 18-billion) capital injection the government will make in FY14.
Moody's expect RBI to hold policy 'repo' rate steady to have a neutral stance in this growth
'We are pretty comfortable and to be honest with you, there is nothing we can do about what happened with David Warner. We have moved on from there'
International credit ratings agency Moody's Investors Service changed its outlook for India's banking system to negative from stable due to concerns that an increasingly challenging operating environment will adversely affect asset quality, capitalisation, and profitability.
A day after Fitch lowered India's local currency outlook to negative, international rating agency Moody's said it was also worried about the reversal of India's fiscal situation due to high oil prices and the lack of policy adjustment by the government. Moody's, however, said it was unlikely to change its investment grade rating to India's sovereign foreign currency rating or the domestic currency rating, which is below investment grade.
Moody's assigns a 'Baa3' rating on India, with a stable outlook.
Moody's Investors Service on Thursday downgraded subordinated debt ratings of 11 Indian banks, including SBI, ICICI Bank and HDFC Bank.
The World Bank has projected that India's economy will grow at over 6 per cent in 2014-15 and 7.1 per cent by 2016-17 as global demand recovers and domestic investment increases.
The share of foreign loans in total Adani group debt portfolio dropped to 61 per cent by September 2023 from 63 per cent as of March 2023, as the group repaid part of its foreign loans and refinanced part of older loans. The share of Indian lenders, on the other hand, rose to 39 per cent in the total debt pie in September 2023 from 37 per cent in March after a report by US-based short seller Hindenburg Research in January last year, which led to volatility in the share prices of group companies. The group's total debt remained static at Rs 2.26 trillion in the same period.
While current coach Anil Kumble is an automatic entry into the process, the others in the fray are Australian Tom Moody and Englishman Richard Pybus.
Finance Minister Arun Jaitley presented his maiden budget last week in which he vowed to contain fiscal deficit at 4.1 per cent this year and lower it to 3 per cent by 2016-17.
The analysis by Moody's assumes significance with many central banks around the world talking about exit from monetary stimulus soon to tame the rising inflation.
The agency said that over the next two years new NPL formation rates would witness a gradual decline.
'KKR's form over the past two weeks is not going to be relevant tomorrow. They have got a lot of experience in that team. There are lot of players who know how to win play-offs. So, we make sure that we focus on us and play with the same mindset we have been playing so far'
The government's fiscal deficits have reduced over the last five years.
Tom Moody arrived in Sri Lanka on Saturday evening and will start preparations for the forthcoming Test series against the West Indies.
Former India coach Greg Chappell, former Australia coach John Buchanan and Victoria's Greg Shipperd are the other coaches being targeted by IPL teams.
Any downward revision from the current 'Baa3' rating means junk status for the country.
Moody's Investors Services on Tuesday gave a speculative grade rating to India's domestic-currency debt on account of the government's heavy borrowings, while doubting sustainability of nine per cent GDP growth.
Moody's has cautioned the government against targeting double-digit gross domestic production expansion saying any growth beyond 7 per cent without reforms will fuel inflation that will result in 'more painful' future adjustments.
A fuming Tom Moody says he was left 'embarrassed' after Sunrisers Hyderabad's poor batting performance against Mumbai Indians which saw them lose by 20 runs in the Indian Premier League match at the Wankhede stadium in Mumbai, on Saturday.
Tom Moody would coach Western Australia after rejecting an offer to remain in charge of Sri Lanka.
Higher food prices can accelerate broader inflation by pushing up wages, while negatively impacting the government finances and reducing monetary policy flexibility, Moody's said in a report.
India's political infighting is denting business confidence.
Moody's on Sunday said any upgrade for the country will depend on consistent improvement in inflation, fiscal deficit and other economic parameters.
"The downgrade of the bank's BCA and ratings reflects the negative impact of the discovery of a number of fraudulent transactions on the bank's standalone profile, particularly its capital position," the rating agency said in a report.
The land acquisition bill is a catalyst to investment and passing the bill will improve India's business environment.
Ian Botham wants England coach Duncan Fletcher to step down after the World Cup.
But says govt finances the weakest aspect of the country's macroeconomic profile.
Moody's currently assigns 'Baa3' rating on India, with a stable outlook. 'Baa3' means medium grade with moderate credit risk.
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Global ratings agency Moody's on said it has a "negative" outlook on the country's banking system due to concerns over asset quality and the high interest rates.
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Prime Minister Narendra Modi led-NDA government in its third term must tackle the problem of unemployment in the country, especially in the unorganised sector and in small and medium enterprises, former NITI Aayog Vice Chairman Rajiv Kumar said on Monday. Kumar also emphasised that the government now must finalise the four labour codes as it has been delayed beyond expectations. "We must recognise that post-COVID economic recovery has been a K-shaped recovery.
This period saw big stars of the likes of Sunil Gavaskar and Kapil Dev fade into the sunset while it was witness to the birth of slew of young Indian cricketers that made their mark home and abroad.
Pointing out that these recent measures are incremental rather than radical, Moody's said, these steps will sustain higher gross domestic product growth and address some of the constraints on the country's sovereign credit profile.
Moody's said the government will face challenges in achieving its deficit target for the fiscal year ending March 2021, amid persistent structural and cyclical headwinds to growth.
