Moody's Investors Service has rated Tata Consultancy Services, Infosys and Reliance Industries above the sovereign for their strong financials and significant global earnings
The expectation was that the company's asset quality will deteriorate on the back of rising loan delinquencies and defaults
From Donald Trump blocking H-1B visa for certain foreign workers, Moody's lowering India GDP forecast to Maruti launching new BS-VI S-Presso, here are top news of the day
However, Moody's expects the Indian economy to register 6.9 per cent growth in 2021
Recessionary forces and weaker long term growth expectations will place pressure on both corporate and household demand
The SGX Nifty is indicating an open at around 10,030 levels for the Nifty amid mixed global cues
Amid the coronavirus pandemic, the pace of credit rating downgrades has accelerated with average monthly downgrades increasing by 22 per cent in the past few months, ICRA said in a report
Fitch has used the pandemic impact to comment on lower growth for India, which can be -5 per cent this year due to the lockdown and its effects
Retains ratings at lowest investment grade
The outlook on the ratings for both has been changed to negative from ratings under review
'India accounts for a mere $3 trillion of economic activity in a world with nearly $80 trillion of activity'
Subramanian also said that the Centre had gone beyond its means to support states, was keeping its options open regarding deficit monetisation, and that the new privatisation policy would be out soon
The coronavirus pandemic, which has had nearly the entire world in its grips for at least three months now, seems to have thrown the Indian government’s #GDP maths out of gear. The provisional estimates released on May 29 showed that the rate of growth in India’s GDP fell steeply to 4.2% in 2019-20 — the lowest level in 11 years — from 6.1% in the 2018-19 financial year. What do all these mean for India’s #economy — now and in the times to come? Let’s take a #DeepDiveWithAKB to understand.
Rough diamond sales volume and prices will fall in 2020 as a result of the near shutdown of the global economy, Moody's Investors Service said in a report
After India downgrade, agency reduces long-term deposit ratings of 11 banks
Moody's affirmed the issuer rating of Reliance Industries but revised the outlook to negative from stable
From oil prices increasing ahead of Opec+ meeting to Moody's downgrading of India's sovereign debt, here are top headlines of the day
All that happened in the markets today
A total of 18 companies, including the likes of Britannia, Indigo, and Motherson Sumi, are scheduled to announce their results today which will induce individual stock reactions
Here's a selection of Business Standard Opinion pieces for the day