The government plan to sell stakes in state-owned enterprises would help it address many of India's existing economic concerns and alleviate the current "fiscal stress", according to Moody's.
The Indian stock markets may have gained significantly in recent months but the country's fiscal position and uncertainty about global recovery still suggests a cautious approach towards equities, says Moody's.
The compact sedan Zest competes with the established brands like Maruti D'zire, Honda Amaze and Hyundai Xcent.
The FATF continuing Pakistan in the 'Grey' list means its downgrading by IMF, World Bank, ADB, EU and also a reduction in risk rating by Moody's, S&P and Fitch.
Leander Paes and his Czech partner Lukas Dloughy moved into the semi-final of the men's doubles and were joined by Mahesh Bhupathi and his partner Mark Knowles of Bahamas.
Indian companies will have to repay overseas debt worth $7.5 billion in the June quarter.
Cricket Advisory Committee (CAC) member Sourav Ganguly on Saturday said that the interview to select the new India coach will be held on July 10 in Mumbai.
Sukanya Verma tells us just what makes Mirch Masala a must watch.
The official said the finance ministry will impress upon rating agencies the resolve of the government to contain fiscal deficit at 4.1 per cent this year and lower it to 3 per cent by 2016-17.
'Some months before his death, when I had inquired about his health, he was annoyed that people assumed the worst.' '"I am not going anywhere," Rishi snapped as only he could.'
Rohit Sharma and Manish Pandey sparkled with half-centuries but rest of India's batsmen put up a lackluster performance before the bowlers came good to hand the team a 64-run win over a second string Western Australia XI in the warm-up one-day cricket match at the WACA, in Perth, on Saturday.
Billionaire Mukesh Ambani's Reliance Industries has announced the contours of carving out of its oil-to-chemicals (O2C) business into an independent unit with a USD 25 billion loan from the parent, as it looks to unlock value by selling stakes to global investors like Saudi Aramco.
The retrenchments at the company promoted by Mumbai BJP chief Mangal Prabhat Lodha come at a time when the economic growth has dipped to a six-year low of 5 per cent, which has led many to fear if the spectre of job losses across sectors awaits next.
For the current fiscal which ends on March 31, it put the real GDP estimate at 5 per cent. It estimated a 7 per cent growth in 2022-23 and 2023-24 fiscal years. The inflation rate was seen moderating to 4.4 per cent in the next fiscal from 4.7 per cent in the current.
Sukanya Verma presents a playlist of 100 Lata Mangeshkar songs from different decades of Hindi films -- songs that make me sing, smile, sob and sigh.
The IIP data would be released on March 12 for the period of January 2009. Since October, RBI also has infused over Rs 4,00,000 crore (Rs 4,000 billion) by reducing ratios and short-term borrowing and lending rates.
A World Bank study has virtually questioned the methodology of sovereign rating by the international agencies, saying there was evidence that Moody's such rating had low predictive power for currency crises.\n\n\n\n
Family-owned companies like those of Tatas, Birlas and Ambanis are dominating the country's corporate landscape, but still face challenges regarding corporate governance norms such as appointment of successors and transparency in functioning, rating agency Moody's said. However, these companies have responded well to opportunities available in the fast-growing and liberalizing economy, according to a joint survey by Moody's Investors Service and its domestic associate.
RBI's announcement that it would tighten liquidity and re-emphasize its anti-inflationary monetary policy stance could come at the cost of slower short-term economic growth, according to Moody's.
With inflation crossing over 8 per cent, the Reserve Bank may consider further monetary measures to bring it down, global rating agency Moody's said in a report.Even RBI Governor Y V Reddy in a speech last week had described rise in inflation as "totally unacceptable" as it affects the poor instantly.
A'Market valuation is another concern.'
'India is trading at steep valuations and there have been a number of IPOs, especially in the insurance sector, that have had an impact on secondary market liquidity.'
Reliance is in the market with a benchmark issue to sell 30-year US dollar-denominated Reg S fixed rate senior unsecured notes.
It's hard not to get skin tingles when you see these stunning images. They are winning pictures and shortlisted entries from the sixth annual International Landscape Photographer of the Year competition. More than 3,400 photos were entered into the contest from both amateur and professional photographers from around the globe. The shots feature everything from remote beaches to moody mountain ranges.
The economic activities that registered growth of over 6 per cent in the second quarter are manufacturing, electricity, gas, water supply, other utility services and trade, hotels, transport and communication, and services related to broadcasting.
Mitchell Starc claimed his second hat-trick of the match to lead New South Wales to a 171-run victory over Western Australia in the Sheffield Shield on Tuesday.
While there has been a rash of growth estimate cuts, including a 0.70 percentage point reduction by the RBI last month to 6.1 per cent, the Japanese brokerage's estimate is so far the lowest.
Aseem Chhabra lists his favourite films from the recent Toronto International Film Festival.
Mahesh Bhupathi and Mark Knowles entered the final of the Monte Carlo Masters with a 6-0, 7-5 win over Jeff Coetzee and Wesley Moodie.
TCS, Infosys do well but Wipro & HCL disappoint analysts; however, outlook for FY17 bullish in general.
Director Balaji Mohan talks about his second film starring Dulquer.
India's GDP is estimated to contract by a record 7.7 per cent during 2020-21 as the COVID-19 pandemic severely hit the key manufacturing and services segments, as per government projections released on Thursday. Amid overall decline in economic activities, some respite was provided by the agriculture sector and utility services like power and gas supply, which have been projected to post positive growth during the current fiscal ending March 2021.
The 30-share Sensex lost 22 points to close at 27,090 and the 50-share Nifty gained 7 points to end at 8,121.
Equity benchmark Sensex tumbled 674 points on Friday, weighed by losses in banking stocks as an unabated spike in new coronavirus cases fuelled uncertainty over the economic impact of the pandemic. After hitting a low of 27,500.79 during the day, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower at 27,590.95. The NSE Nifty shed 170 points, or 2.06 per cent, to finish at 8,083.80.
The former Australia wicketkeeper joins former England coach Trevor Bayliss, who was appointed Sunrisers head coach last month.
Ruling out any change in India's sovereign rating due to a political standoff over the Indo-US nuclear deal, credit rating agency Moody's on Wednesday said the crisis was not serious enough to dent the country's economic policy framework.
The Indo-Pakistani duo lost to the top seeded Australian-South African pair of Stephen Huss and Wesley Moodie 7-6(10), 6-3 at the $150,000 Malaysian Open ATP Challenger tournament in Kuala Lumpur .
The Pakistan Cricket Board (PCB) has made up its mind to appoint former Australia batsman Dean Jones as chief coach of the Pakistan cricket team.
It was a dream come true for Afghan players Mohammad Nabi and Rashid Khan to be part of the Indian Premier League and both want to make a mark during their stint with the Sunrisers Hyderabad.
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