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GDP may grow at 6.7% average for next five years, lower than potential, says Fitch Ratings
Business

GDP may grow at 6.7% average for next five years, lower than potential, says Fitch Ratings

India has the potential to grow at an average of 6.7 percent per annum over the next five years and will be the fastest growing large economies, global ratings agency Fitch has said

S&P's BBB- rating and stable outlook for India irks govt, official says status quo in rating 'is a bid unfair'
Business

S&P's BBB- rating and stable outlook for India irks govt, official says status quo in rating 'is a bid unfair'

In January 2007, S&P had raised sovereign credit ratings on India to 'BBB-' with a stable outlook, from 'BB+'

Chidambaram says Moody's India upgrade mainly based on UPA's work, takes dig at govt for questioning methodology
Business

Chidambaram says Moody's India upgrade mainly based on UPA's work, takes dig at govt for questioning methodology

Chidambaram claimed five months ago, the Modi government through its economic affairs secretary had written a strong letter to Moody's, saying its methodology is useless.

Lower taxes, higher public expenditure could widen budget deficit in 2017-18, cautions Moody's
Business

Lower taxes, higher public expenditure could widen budget deficit in 2017-18, cautions Moody's

Moody's believes that the government’s commitment to fiscal consolidation remains and sustained growth would help it reduce debt burden.

Kapil Sibal says Moody’s India rating upgrade is not in sync with 'mood of the people'
Politics

Kapil Sibal says Moody’s India rating upgrade is not in sync with 'mood of the people'

Congress leader Kapil Sibal on Saturday said the upgradation of India's rating by US credit rating agency Moody's was not in sync with the "mood of the people"

Stocks build on Moody's India upgrade, Sensex jumps 236 points; Nifty breaches 10,300 mark
Business

Stocks build on Moody's India upgrade, Sensex jumps 236 points; Nifty breaches 10,300 mark

In the opening session, the 30-share benchmark BSE index shoot up 414 points at one point

Financial sector honchos hail Moody's sovereign rating upgrade for India
Business

Financial sector honchos hail Moody's sovereign rating upgrade for India

Moody's Investors Service on Friday raised India's sovereign rating for the first time in 13 years, saying growth prospects have improved with continued progress on economic and institutional reforms.

Sensex, Nifty touch record intra-day highs as Moody's upgrades India's sovereign ratings
Business

Sensex, Nifty touch record intra-day highs as Moody's upgrades India's sovereign ratings

Sensex and Nifty maintained their upward trajectory supported by broadly positive Asian markets and healthy uptake in bank

Modi and Moody's fail to gauge nation's mood; PM must fight next election abroad: Congress
India

Modi and Moody's fail to gauge nation's mood; PM must fight next election abroad: Congress

The party said: "After destroying India's economy, the Modi government was clutching at straws to claim lost credibility. "Modiji and Moody's ‘Jodi' have failed," Congress spokesperson Randeep Singh Surjewala tweeted.

Bank stocks surge up to 6% as Moody's ups India sovereign credit rating to Baa2
Business

Bank stocks surge up to 6% as Moody's ups India sovereign credit rating to Baa2

Moody’s Investors Service on Friday upgraded India's sovereign credit rating by a notch to 'Baa2' with a stable outlook citing improved growth prospects driven by economic and institutional reforms.

Moody's India upgrade after 13 years will strengthen our resolve for fiscal discipline: Arun Jaitley
Business

Moody's India upgrade after 13 years will strengthen our resolve for fiscal discipline: Arun Jaitley

On Moody's upgrading India to Baa2 from Baa3, Jaitley said it is a recognition that India continues to follow path of fiscal prudence

Moody's rating upgrade certifies reforms are in right direction: Sebi chairman Ajay Tyagi
Business

Moody's rating upgrade certifies reforms are in right direction: Sebi chairman Ajay Tyagi

New York-based Moody's on Friday upgraded the sovereign credit ratings by a notch to 'Baa2' with a stable outlook citing improved growth prospects driven by economic and institutional reforms.

India's rating upgrade by Moody's reflects growth story: NITI Aayog Vice Chairman Rajiv Kumar
Business

India's rating upgrade by Moody's reflects growth story: NITI Aayog Vice Chairman Rajiv Kumar

In 2015, the rating outlook was changed to 'positive' from 'stable'

Sensex zooms 414 points to 33,521; Nifty races past 10,300 as Moody's ups India's sovereign rating to Baa2
Business

Sensex zooms 414 points to 33,521; Nifty races past 10,300 as Moody's ups India's sovereign rating to Baa2

At BSE, SBI rallied 2.94 percent while private peers ICICI Bank, Axis Bank, Yes Bank and IndusInd Bank soared up to 3.07 percent

Moody's downgrades 13 Italian banks on weak govt credit profile
Economy

Moody's downgrades 13 Italian banks on weak govt credit profile

Ratings agency Moody's Investors Service has slashed the ratings of 13 Italian banks, citing the weakened credit profile of the Italian government.<br /><br />