The corporate ownership of banks is credit negative for governance because of the inherent conflict of interest, rating agency Moody’s Investors Service said in a report. “High non-perfor...

Moody’s Investors Service on Thursday said the economy would contract 10.6 per cent this fiscal against its earlier forecast of 11.5 per cent contraction as the Centre’s stimulus measures ...

Moody’s Investor Service (Moody’s) has revised upwards its GDP forecast for India to an 8.9 per cent contraction in 2020 from a 9.6 per cent contraction forecast earlier as the economy inc...

Moody’s Investors Service on Tuesday placed Vedanta Resources Limited’s rating under review for downgrade following its failure to delist the Indian listed subsidiary. Moody’s place...

Domestic rating agency CARE Ratings said the economy is likely to shrink 8-8.2 per cent in the current financial year compared with a decline of 6.4 per cent it had projected earlier. ...

The country’s largest lender SBI on Friday said its board has approved a proposal to raise Rs 8,931 crore by issuing Basel III compliant bonds to investors. The committee of directors for capit...

State-owned Oil and Natural Gas Corp (ONGC) has raised $300 million in overseas borrowing at a coupon rate of 3.375 per cent, the lowest by any Indian issuer, to meet its capital expenditure.The 10-ye...

State Bank of India (SBI) on Thursday announced its board will meet on June 11 to consider raising up to $1.5 billion from the international markets.The fund-raising plan comes days after rating agenc...

Investor optimism over the unlocking of the domestic economy on Tuesday amid comments made by Prime Minister Narendra Modi at a CII event saw the Sensex rallying 522 points and the Nifty closing a few...

Moody’s Investors Service on Thursday cut its growth forecast for India for 2019-20 to 5.8 per cent from 6.2 per cent, saying the economy was experiencing a pronounced slowdown which was partly rela...