Top losers in the Sensex pack included Sun Pharma, Vedanta, ONGC, TCS, HUL, ITC, NTPC, Asian Paints and Infosys, shedding up to 4.23 per cent.
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.
The RBI said there is an upward bias on inflation projection.
The Modi administration has been unable to initiate key reforms.
Moody's Analytics had said Prime Minister Narendra Modi must keep BJP members in check or risk "losing domestic and global credibility".
Revision in the context of an ongoing global review affecting financial institutions: Moody's
The young Tilak Varma was included in the Indian team for the Asia Cup as the sixth specialist batter.
rediffGURU Aruna Agarwal, a qualified child psychologist and behaviour therapist with over 20 years of experience, offers parenting advice.
The current episode highlights the structural vulnerabilities in the liquidity management practices of Indian NBFIs
'Modi must keep his members in check or risk losing domestic and global credibility,' Moody's warned.
Central bank Governor Raghuram Rajan drew kudos from Moody's Analytics for his monetary stance.
"The 2017 state election results in India demonstrate broad-based popular support for the Indian government's policy agenda and will facilitate the implementation of further reforms, a credit positive for the sovereign," Moody's said in a statement.
Earlier this month, Parliament approved the Insolvency and Bankruptcy Code, 2016.
The ministry sought to allay the rating agency's concerns and said economic growth was on an upward swing.
Top seeds Wesley Moodie and Rik de Voest of South Africa beat second seeds Rohan Bopanna and Aisam Qureshi 6-4, 7-6 (4) in the final of the US $50,000 ATP Challenger in New Delhi on Friday.
Moody's on Thursday said the new 'inflation targeting' mechanism is a "credit positive" move.
Despite the increased business risks, the rating agency affirmed Baa2 ratings, three notches down from the highest grade, with a stable outlook for RIL, Moody's Investor Service said in its weekly outlook.
Amid wholesale price-based inflation ticking up to 7.5 per cent year-on-year in May due to supply-side factors, the agency said it will cause further "headaches" at the RBI.
Moody's said implementation challenges, in addition to affecting growth and government revenues, will impact corporates by lowering sales volumes and cash flows.
Earlier, ratings agencies like Standard and Poor's and Fitch had threated to downgrade India's sovereign credit rating to junk grade in view of the worsening fiscal position of the government.
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The rupee had slumped to a record low of 59.9850 rupee to the dollar on Thursday, as the country's record high current account deficit is exacerbating its vulnerability in an emerging market rout.
Berkshire has reduced its stake as various regulatory inquiries and a slowdown in the business of rating lucrative structured bonds has taken a toll.
Sunrisers Hyderabad coach Tom Moody has heaped praise on opener Parthiv Patel for playing a "mature innings", which laid the foundation for their 30-run win over Kings XI Punjab and improved their chances of reaching the IPL semi-final.
Former Australia player Tom Moody believes India need to be flexible with their batting order in white ball cricket.
Moody's said domestic growth will offset global headwinds.
'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'
Moody's had revised credit outlook of Germany to negative, raising the possibility of the economic major losing its coveted 'Aaa' rating amid worsening European debt turmoil.
Moody's expect RBI to hold policy 'repo' rate steady to have a neutral stance in this growth
Moody's, which cut its FY14 growth estimate to 4.5 per cent recently, said economic growth will be lowest in a decade.
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.
International rating agency Moody's is likely to upgrade the rating of the country's leading private company Reliance Industries following improvement in its financial position.
The Indian doubles ace and the South African will team up at the Australian Open.
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.
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.
The state-owned bank's loss largely offsets the Rs 1,800-crore (Rs 18-billion) capital injection the government will make in FY14.
'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'
Moody's assigns a 'Baa3' rating on India, with a stable outlook.
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.
Moody's Investors Service on Thursday downgraded subordinated debt ratings of 11 Indian banks, including SBI, ICICI Bank and HDFC Bank.
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