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
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
While major credit rating agencies have well-defined frameworks for deciding on sovereign ratings, the methodology of ultimately arriving at the final award remains a black box
While this downgrade will not affect the sovereign as it does not borrow overseas, it will however affect Indian companies borrowing from abroad
The rating agency said that this downgrade while taken in the context of Covid-19 pandemic has not been driven by its impact
Bank lending needs to be supported by government spending - the fiscal stimulus
Moody's rating on the government of India is Baa2 with negative outlook