Top headlines: India's FY22 GDP forecast cut; Covid cases dip in 18 states

Business Standard brings you stories that made the headlines on Tuesday

Moody's slashes India growth forecast to 9.3%
 

Moody's Investors Service on Tuesday slashed India's growth forecast for the current financial year to 9.3 per cent, from the 13.7 per cent projected earlier, on account of the negative impact of the second wave of Covid-19. India is experiencing a severe second wave of coronavirus infections which will slow the near-term economic recovery and could weigh on longer-term growth dynamics, it said. READ MORE...

Nomura cuts FY22 growth estimate to 10.8% due to lockdowns
 

Japanese brokerage Nomura on Tuesday cut its GDP growth estimate for the current 2021-22 fiscal