Top headlines: Moody's cuts India outlook, M&M Q2 results, AGR row and more

From Moody's downgrade to Mahindra and GAIL Q2 results, here are the top news stories that made headlines today

Moody's cuts India outlook to negative, predicts 'prolonged slower growth'

India’s credit rating outlook was cut to negative by Moody’s Investors Service, marking the first step towards a downgrade. The global rating took this decision over concerns about the economy slowdown, which it said will be prolonged and debt will rise. Moody’s projects a budget deficit of 3.7% of gross domestic product in the year through March 2020, a breach of the government’s target of 3.3%, as slower growth and a surprise corporate-tax cut curbs revenue.

Q2 results of Mahindra and Mahindra and GAIL