The Indian Premier League's Hyderabad franchise, now called 'Sunrisers', have appointed former Australia cricketer Tom Moody as the team's new coach, and former India cricketers Krishnamachari Srikkanth and VVS Laxman mentors.
Although fundamentals remain strong and its prospects upbeat after an impressive pace in 2007, the growth in India's domestically-driven economy would moderate in 2008 as domestic demand eases and exports cool, according to Moody's Economy.com, a subsidiary of the global credit rating agency.
Global rating agency Moody's on Thursday placed India on a possible upgrade on foreign currency debt and painted a rosy picture for the economy, projecting a seven per cent growth.
Moody's statement comes on a day when opposition parties are observing nation-wide strike to protest against the price hike and government's move to operationalise its decision on allowing foreign direct investment in multi-brand retail.
According to the report by Moody's Investor Service titled 'Asia Pacific Corporates Well Positioned for Liquidity Strain; Some Challenges Evident', the capacity of Asian banks to lend has not been really affected.
Expressing disappointment over his team's second consecutive loss in the Indian Premier League on Saturday, Sunrisers Hyderabad coach Tom Moody said they would reflect on the performance and try to turn around the fortunes quickly.
Moody's, on Thursday, reaffirmed its positive rating outlook for the Chinese economy on the back of favourable medium-term growth prospects.
'For him (Jasprit Bumrah) and Mumbai to be starved of that opportunity to try and stem the flow of this onslaught is crazy. It doesn't seem right.'
The RBI has lowered interest rates by 1.25 per cent since January.
'Probability has increased for India to have improved fundamentals'.
The US Fed on May 24 hinted at withdrawing its third round of quantitative easing, or bond buying programme, worth $85 billion each month, which began in the wake of the worst credit crisis in September 2008.
Vaayai Moodi Pesavum is a thought-provoking and thoroughly enjoyable film
High fiscal deficit and debt ratios remain one of the biggest constraints.
The Aditya Birla group has slammed rating firm Moody's for placing Novelis, the group's aluminium products subsidiary, in line for a possible downgrade to default.
Moody's said India's current account deficit (CAD) has narrowed significantly from 4.8 per cent in 2012 to 1.4 per cent in 2014.
Country's biggest lender State Bank of India had proposed merger of five associate banks.
The report did not specify the impact the rate hike will have on India.
Rajan has ignored pressure to loosen policy.
Sequel to firm's announcement of cut in K-G gas reserves after long decline in output; agency says it expects decline in cash flows.
Swine flu scare could make foreign institutional investors pull out money from Indian equity markets even though they remained net investors in March and April this year, says Moody's.
Batters are mauling bowlers this IPL like never before, as the impact player rule effectively gives every team 12 players. Where is it taking the game?
The government has last month significantly liberalised the FDI regime, putting most of the sectors on the automatic route
The RBI is likely to raise CRR, the portion of funds that banks have to keep with the regulator, by 50 basis points in its forthcoming monetary review next week and signal tight monetary measures, says Moody's.
Sri Lanka coach Tom Moody said dropping Virender Sehwag twice proved costly for his side in the fourth ODI.
Moody's wanted to learn from the Finance Ministry officials, the steps taken to check subsidy outgo and impact of the proposed right to food bill on the exchequer.
Budget clearly prioritised growth over fiscal consolidation, said Atsi Sheth, Senior VP, Moody's Investors Service.
It has blamed lack of political will for the slow reform process.
11 sectors to have credit exposure to environmental risks in next five years.
In the absence of their regular captain Rishabh Pant, DC have also been struggling in the league.
The oil industry experienced three upheavals between 1973 and 1991, which seem to be etched in the memory of the industry's decision makers. Naturally, at the sign of a new crisis, the decision makers like to dip into those tumultuous decades to find ways to deal with the new shock, in addition, of course, to expert reports and forecasts. So, the industry bigwigs turned the pages of history to get a peek into the future of oil price movements after Russia invaded Ukraine in 2022, Israel attacked Gaza in 2023, Iran-linked Houthi rebels pounded tankers crossing the Red Sea in support of Palestine the same year, and Iran rained missiles on Israel in 2024.
The show takes its own pace to pick up, but then when you least expect, it grabs you by the throat, notes Aseem Chhabra.
Terming inflation as the biggest challenge before the Indian economy, Moody's said the Reserve Bank should focus on controlling the price rise and added that maintaining the balance between growth and inflation would a test for policymakers.
The economy is unlikely to accelerate much in 2014 though the downside risks have receded in recent months with falling inflation and a narrower current account deficit, he said, adding there is no sign of a lift in the real economy.
Mahesh Bhupathi is looking forward to a successful year along with the Wesley Moodie
The government emphasised that the country's credit strengths were 'much better' than most similar-rated economies.
Differing with the downgrade accorded by Moody's, leading ratings agency Standard & Poor's has upgraded the Indian banking sector saying its domestic regulations are in line with international standards.
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