Moody's Investors Service has said that although there is only a moderate direct impact of an expected European recession for most Asian (ex-Japan) corporate issuers of debt, indirect risks are rising on account of weak exports.
Global rating agency Moody's on Tuesday expressed concern on India's high fiscal deficit projected at 6.8 per cent for 2009-10 and cautioned that the situation may become complicated in the absence of measures like clear road map for disinvestment and structural reforms.
The actress is her own favourite person, and we see every reason why!
The RBI in its first quarterly review of the credit policy kept the repo and reverse repo -- short-term rates at which banks lend and borrow from RBI--unchanged, retained economic growth projection at 6 per cent with an upward bias and projected inflation at around 5 per cent by March, 2010.
M&M was the biggest loser in the Sensex pack, declining nearly 3 per cent, followed by TCS, Bajaj Finance, Wipro, Kotak Bank, Tech Mahindra, HCL Tech and Tata Motors. In contrast, Titan, Bharti Airtel, ICICI Bank and L&T were among the gainers, rising up to 0.93 per cent.
'The matches between India and Pakistan are the biggest in the world.'
Moody's Investors Service on Thursday upgraded India's ceiling for foreign currency bonds and government's foreign currency issuer ratings to "Baa3" from "Ba1".
Moody's Economy.com on Thursday said the Reserve Bank of India (RBI) could cut interest rates next week as high fiscal deficit was limiting the Centre's ability to step up spending and boost economic activity.
The next six months of the year are likely to see "sharper slowdown" in the country's export, which has already entered into the negative zone in the backdrop of slump in demand in the developed economies, a global credit rating agency said.
Moody's may up Indian forex debt rating by mid-Feb
Total fuel subsidies accounted for less than 1 per cent of GDP and under 3 per cent of total government expenditures in FY14.
The overall debt servicing metrics of Indian corporates are weak.
Former India coach Ravi Shastri advised Virat Kohli that he must not drop the tempo of his innings after getting a start.
Sunrisers Hyderabad's head coach Tom Moody attributes role clarity for the team's success.
While the economy seems to be on a firm growth path, the fight against inflation is not over yet. Shaktikanta Das seems to be in no hurry. After playing well through a five-year Test match, he doesn't want to get out hit wicket, observes Tamal Bandyopadhyay.
On her 50th birthday on November 1, Sukanya Verma raises a toast to Bollywood's Golden Girl and 15 of her noteworthy performances.
Deepa Gahlot lists some 2023 movies that you need to watch if you haven't already.
Sukanya Verma shares her OTT recommendations.
Washington Sundar re-injured the same area while fielding against CSK on Sunday.
Unseasonal rains and hailstorm are likely to disrupt supplies.
From reds to browns, pinks to moody purple, she has a lipstick for every outfit.
'The assessment of most people is that there is a stable economic and political environment in India and that is attractive to investors.'
Sunrisers Hyderabad coach Tom Moody has defended playing captain Kane Williamson as an opener despite the batter's ongoing run drought in IPL 2022.
Sri Lanka's coach urged his batsmen make amends for poor form and give the bowlers something on the board to bowl in the third Test against England.
Rating agency Fitch on Tuesday downgraded the US government's top credit rating to AA+ from AAA, citing fiscal deterioration over the next three years and repeated debt ceiling negotiations. The development caused a flutter across equity markets, with most leading frontline global equity indices trading weak. Back home, the S&P BSE Sensex and the Nifty50 lost over 1 per cent each in intra-day deals to hit a low of 65,751.53 and 19,517.55 levels, respectively.
Credit rating agency Moody's Investors Services said on Monday that it had upgraded India's country ceiling for foreign currency debt to Ba1, the top of the speculative grade, from Ba2 due to a substantial improvement in the external liquidity.
Reliance Industries, the Tata group, Bharti Airtel and Aditya Birla are among Indian conglomerates that have hedged their revenue and costs linked to the US dollar, giving them financial cover as the rupee fell past 80 against the greenback on Tuesday.
After upgrading India's foreign currency debt rating, Moody's Investor Service on Wednesday upgraded the foreign currency deposit, debt and issuer ratings for 11 Indian banks and financial institutions.
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Companies such as Indian Oil Corporation, Tata Steel Ltd and Tata Power Company Ltd will remain highly leveraged over the next 12 months because of weak industry dynamics and resulting constraints on cash flows, it said.
Tom Moody returns as head coach after fellow-Australian Trevor Bayliss quit following the 2021 season.
It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. The line-up for the special event included the launch of Air Deccan's commercial flight connecting Kolkata and Jamshedpur, and release of Russi Lala's new book, Romance of Tata Steel. There was also the screening of The Spirit of Steel, a 20-minute documentary directed by Zafar Hai showcasing Tata Steel's legacy, and a corporate anthem penned by Javed Akhtar and composed by Shankar, Ehsaan and Loy.
SunRisers Hyderabad speedster Umran Malik is the talk of the town for his lightning fast deliveries, and head coach Tom Moody says the young Jammu and Kashmir player has been given the license "to run in and express himself" with the ball.
The windfall taxes on domestic crude oil production and fuel exports will generate close to $12 billion (Rs 94,800 crore) for the government in the remainder of the current fiscal while trimming profits of firms such as Reliance Industries Ltd and ONGC, Moody's Investors Service said Tuesday. On July 1, the government imposed windfall gain taxes on the export of petrol, diesel and aviation turbine fuel (ATF), and on the domestic production of crude oil. It has also mandated exporters to meet the requirements of the domestic market first.
Wholesale price-based inflation rate fell to a 3-year low of (-) 3.48 per cent in May on easing prices of food, fuel and manufactured items, strengthening the case for continuing with the pause in rate hike in the coming months of the current fiscal. This is the second straight month when WPI has been in the negative zone mainly on account of a higher base and falling prices of fuel and manufactured goods. Food prices also eased during May. In May, 2022 WPI inflation was at 16.63 per cent. Last month, it was (-) 0.92 per cent.
"Harry Brook has had an extraordinary time in the early parts of his career batting four and five in T20 cricket in all the different franchises that he's played in.
A deep dive into actress Ayushi Gupta's wardrobe.
"Banks are now free to set their own interest rates ... a direct consequence of this policy is that banks can, and will, offer higher interest rates to compete for savings deposits, thereby, undermining the role these deposits play as a relatively stable and low-cost funding source. We expect the move to exacerbate already increasing pressure on net interest margins and asset quality," Moody's said in its 'Weekly Credit Outlook'.
Hindustan Zinc (HZL), a subsidiary of Vedanta, announced an interim dividend of Rs 21 per share last week, resulting in an outflow of Rs 8,863 crore. The announcement has turned the spotlight on India Inc's dividend-paying policy - more so for reasons driving the generosity of firms. An analysis of BSE 500 companies by Business Standard Research Bureau shows that some of the top 20 dividend-paying companies in 2021-22 (FY22) include Vedanta, Tata Consultancy Services, HZL, Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IndianOil), Hindustan Unilever (HUL), Reliance Industries (RIL), and Bajaj Auto, among others.
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