While the collapse of a large financial intermediary can wreak havoc on the system because of the interconnectivity, a large business conglomerate too can play spoilsport if the banks have too much exposure to the entity, explains Tamal Bandyopadhyay.
Only players like Fabien Allen and Billy Stanlake have been shown the door ahead of the upcoming season.
Moody's expects tax to be lower than the multitude of taxes such as sales tax, excise duties, local taxes, and value-added taxes the automobile sector currently pays
While India is witnessing slowdown, many countries have not yet been able to come off the last decade's financial crisis.
Boman Irani makes his OTT debut with Masoom, and it was good to see the actor on screen after a long time, observes Deepa Gahlot.
Fitch Ratings on Wednesday cut India's growth forecast to 10 per cent for the current fiscal, from 12.8 per cent estimated earlier, due to slowing recovery post second wave of COVID-19, and said rapid vaccination could support a sustainable revival in business and consumer confidence. In a report, the global rating agency said the challenges for banking sector posed by the coronavirus pandemic have increased due to a virulent second wave in the first quarter of the financial year ending March 2022 (FY22). "Fitch Ratings revised down India's real GDP for FY22 by 280bp to 10 per cent, underlining our belief that renewed restrictions have slowed recovery efforts and left banks with a moderately worse outlook for business and revenue generation in FY22," it said. Fitch believes that rapid vaccination could support a sustainable revival in business and consumer confidence; however, without it, economic recovery would remain vulnerable to further waves and lockdowns.
Sunrisers Hyderabad coach Tom Moody has lauded David Warner for his "incredible" captaincy throughout the tournament.
Love white? Tips on how you can wear it from those who know.
With slippages increasing every quarter, any derailment on growth or change in customers' repayment behaviour after moratorium may impact the overall asset quality. Correction, though, presents attractive buying opportunities, given the bank's sustained leadership position.
Seeking to shrug off the defeat in their IPL campaign opener against Royal Challengers Bangalore, Sunrisers Hyderabad would look to put their best foot forward in their match against Kolkata Knight Riders, coach Tom Moody said.
The scrip was the worst hit among the front-line companies on both the indices during the day.
What could be more uncertain than Virat Kohli's agonising wait for a century for over two years? Perhaps it's what you will pay tomorrow morning to fill your vehicle's tank. Pump prices have joined cricket scores as the country's favourite discussion topic. Steep increases invite widespread protests, while moderate additions make the government anti-reformist. The ongoing fuel price conundrum is no different.
Yes Bank led the laggard's list on the Sensex with a nearly 10 per cent drop after Moody's Investors Service downgraded the private sector lender's ratings. Other top losers were SBI, IndusInd Bank, Tata Motors, Mahindra and Mahindra and HDFC.
With 10 points, KKR, however, are on the brink of elimination.
'Rahane led the side brilliantly, bowlers were relentless but the biggest positive is the performance of two debutants. Both of them were confident and not overawed by the big occasion. Strength of Indian cricket is their strong bench strength'
Reliance Industries was the top gainer in the Sensex pack, rising over 1 per cent, followed by M&M, HCL Tech, Axis Bank, ICICI Bank and HUL. On the other hand, Bharti Airtel, Maruti, SBI, PowerGrid, NTPC and Tata Steel were among the laggards.
Moody's expects macroeconomic policies to contribute to sustained robust growth.
Don't let humidity be your skin's enemy, says Dr Abhishek Pilani.
Evicted Bigg Boss 15 contestant and actor Donal Bisht gets candid about her love for fashion, food and more.
It has been a rollercoaster ride for SRH who won five games in a row before losing the next five.
Transiting from "survival mode", which took most of the management time in FY21, the bank has been able to take a long-term view in terms of growth and preparing technology in the past 12 months.
The Australian said that he would love to represent SRH again but that is not in his hands.
The destructive show of Virat Kohli and AB de Villiers during their first meeting of Indian Premier League 9 still fresh in his mind, Sunrisers Hyderabad coach Tom Moody said he has a few ideas up his sleeve to stop the marauding Royal Challengers Bangalore duo.
Fitch Ratings on Monday cautioned that the Indian government has little fiscal headroom at its disposal to respond to possible shocks to growth given the country's lowest investment grade credit rating with a negative outlook. "India's public debt/GDP ratio, at about 87 per cent in FY21, is well above the median of around 60% for 'BBB' rated sovereigns. "We revised the Outlook on India's rating to Negative, from Stable, in June 2020, partly owing to our assumptions about the impact of the pandemic on public finance metrics. "The government has little fiscal headroom at its current rating level to respond to possible shocks to growth," it said in a report.
Gunathilaka dismissal was followed by a couple of run-outs as Sri Lanka lost their rhythm and were all out for 232. Hosts West Indies completed the chase with three overs to spare.
'They need to click as a group, not as batsmen or bowlers.'
Gandhi also attacked Prime Minister Narendra Modi over the economic situation in the country, saying the PM should get his head "out of the sand" to deal with the problem facing the country.
What has hit sentiment further is a draft proposal by the government to increase vehicle insurance premiums for financial year 2022-23 (FY23). Third-party motor insurance premiums have not been increased over the last two years and if this is approved, insurance costs for specific segments could rise by a fifth. The worst impacted is the 350cc and above two-wheeler segment, where premiums are up 21 per cent. Royal Enfield (Eicher Motor) is the market leader in the segment. The premiums in the 150-350cc two-wheeler category are also being inc
'If I don't act for a week I become edgy, restless and moody.' Subhash K Jha salutes Manoj Bajpayee, actor extraordinaire, on his 53rd birthday.
Equity benchmark Sensex rebounded 454 points on Thursday, boosted by gains in index heavyweight Reliance Industries amid a positive trend in global markets.
Back to winning ways, a resurgent Sunrisers Hyderabad will be forced to tinker their successful combination following all-rounder Washington Sundar's injury as they face Kolkata Knight Riders.
The Year of the Rabbit, according to the Chinese calendar, began on Sunday, January 22.
Mustafizur is expected to arrive on April 7, says Tom Moody.
Manjrekar agreed that match referee David Boon had no option but to allow India a concussion substitute.
India was already in the midst of a protracted economic slowdown before the virus hit due to a festering crisis among shadow lenders and declining consumer demand and private investment. Service sector activity in India is still effectively on hold.
Moody's has a 'positive' outlook on its 'Baa3' rating on India.
'China's investment destination image the world over has taken a beating, therefore investors feel India is a safe haven for investments.' 'FDI is at an all-time high in India.' 'Now after such poor ratings, this FDI amount will fall.' 'Therefore, I am saying these things are happening at China's behest.'
Chris Gayle has continued to poke fun at his controversial Big Bash League interview with TV reporter by repeating his infamous 'don't blush' line on former Australian player and pundit Tom Moody in the Pakistan Super League.
Batting stalwarts Virat Kohli and Kane Williamson's woeful form will be in focus when Royal Challengers Bangalore and Sunrisers Hyderabad meet in a return IPL fixture at the Wankhede Stadium, in Mumbai, on Sunday.
A bleak demand outlook for steel in the domestic as well as global market is also another reason Tata Steel may be looking to have additional liquidity as margins are expected to take a hit in the coming quarters.
