Shares hold on gains for fifth straight session; Kotak Mahindra Bank shares offset impact of Moody's ratings cut
Kotak Mahindra Bank was the top gainer in the Sensex pack, rising around 7 percent, followed by M&M, Sun Pharma, Hero MotoCorp, Bajaj Finance, Tata Steel, Bharti Airtel and HCL Tech.
Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak
The global rating agency Moody's Investors Service on Monday downgraded India's rating to BAA3 from Baa2, and its short-term local-currency rating to P-3 from P-2
Moody's pegs FY21 GDP expansion at 0%; says India's rating outlook reflects rising risk of slower growth, low policy effectiveness
Moody's had, in November 2019, downgraded India's outlook to negative from stable on concerns of lower economic growth.
Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers
Bank shares on Friday dropped up to 15 percent after Moody's Investors Service changed the outlook for the Indian banking system to negative from stable
COVID-19 impact: Moody's changes outlook on Indian banks to negative from stable; move triggered by disruption in economic activity
Moody's said Banks' asset quality will deteriorate across the corporate, small and medium enterprises and retail segments, leading to pressure on profitability and capital.
Global economy continues to slide as coronavirus outbreak worsens; uncertainty will remain for at least several months: Moody's
The rapid spread of the coronavirus in the last two weeks, widespread business closures and unprecedented restrictions on social interactions will result in a permanent hit to global economic activity this year, according to Moody's Investors Service
Yes Bank to delay Q3 results till mid-March; says management 'deeply engaged' in fundraising exercise
Yes Bank said it has received non-binding expressions of interest from companies including JC Flowers & Co. LLC; Tilden Park Capital Management LP; OHA (UK) LLP (part of Oak Hill Advisors); and Silver Point Capital
Moody's downgrades Indusind Bank's outlook to 'negative' on concerns over deterioration in asset quality
Concerns over a further deterioration in asset quality have led ratings agency Moody's Investors Service to revise down its outlook on Indusind Bank to 'negative' from 'stable' on Tuesday
Moody's Investors Service has assigned a first-time Ba3 corporate family rating to India Infoline Finance Ltd
The rating downgrade comes days before the board of Yes Bank is slated to meet to finalise fund raising plans on 10 December.
All macros favouring India, profit-making companies should pass on tax cuts to consumers: Deepak Parekh
Last Friday, the government slashed corporate tax by almost 10 percentage points as part of efforts to pull the economy out of a six-year low growth rate with a Rs 1.45-lakh crore tax break.
Corporate tax cut signals govt's shift towards radical reform; move ranks topmost among steps taken to revive economy
Nirmala Sitharaman’s bold move on corporate tax cut signals shift from baby steps to radical reform, precisely what the economy needed
Moody's Investors Service on Friday cut India's GDP growth forecast for 2019 calendar year to 6.2 percent from the previous estimation of 6.8 percent
Weak growth prospects for India will complicate the government's fiscal consolidation efforts, weighing on the sovereign's credit quality, Moody's Investors Service said on Tuesday
Global rating agency Moody's Investors Service has opined that achieving the "competing budgetary goals" of lower fiscal deficit would be challenging.
ICRA said in May it had appointed external experts to probe the anonymous complaint concerning the credit rating it assigned to one of its customers
Spectrum auctions in India likely in second half of 2020, says Moody's; majority of telecom operators under huge debt
Sale of spectrum in 2019 is unlikely, especially given the telcos' request to the government to restructure their existing spectrum debt
On 26 April, Yes Bank reported its first-ever quarterly loss since its inception in 2004 at Rs 1,506 crore in the January-March quarter
Moody's upgrades Tata Steel's corporate family rating to Ba2 on sustained improvement in firm's credit profile
The stable outlook reflects Moody's expectation that Tata Steel's strong operating performance will translate into a sustained improvement in credit metrics.
Moody's downgrades Lodha Developers outlook on weak sales; operating sales of builder in FY 2018-19 to be 25% lower
The agency said it expects Lodha's operating sales in the fiscal year 2018-19 to be 25 percent lower than what it had achieved in the previous 12 months