Sun, Jun 17, 2018
Rating agency Moody's has sounded a note of caution that any reduction in excise duty on petrol and diesel would adversely affect fiscal deficit unless it is matched by a commensurate cut in expenditure
More >
Sat, Nov 25, 2017
Market observers were of the view that investors awaited the comments from another ratings agency Standard & Poor`s (S&P) that came later on Friday evening.
Fri, Nov 24, 2017
The S&P said it welcomed government reforms, including the rollout of GST and a planned $32 billion capital infusion into its struggling state-run lenders, and predicted that the country`s economy would "grow robustly" in 2018-2020.
Fri, Nov 17, 2017
The BSE ended the day 235.98 points higher at 33,342.80. Led by the gain in the stock market, the total market capitalisation of BSE-listed companies surged by Rs 1,71,489.22 crore to Rs 1,44,90,494 crore.
Critics may question the timing, the upgrade will create a positive environment for economic and institutional reform roadmap
The higher rating by Moody’s has given investors a reason to cheer as markets opened in green on Friday.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
