New Delhi, (IANS) : A Moody's Investors Service-ICRA report on Thursday upgraded the outlook for the Indian power sector to "stable" over the next 12-18 months with a Baa3 positive rating, saying it reflects sustained improvement in domestic coal availability. "In...
New Delhi, (IANS) : The impact of demonetisation is expected to drag the revenues of the corporate sector to 4 per cent from an average of 6.3 per cent in the preceding three quarters, rating agency Crisil said on Tuesday. "For the third quarter ended December 31,...
New Delhi, (IANS) : The Indian basket of crude oils closed trade on the last trading day on Thursday at nearly $55 a barrel, even as OPEC members Saudi Arabia and Iraq raised prices of crude exports to Asia and the US and began talks with buyers to reduce supplies in...
New Delhi, (IANS) : The Supreme Court on Tuesday asked the Centre to place before it within four weeks a list of corporate entities with outstanding debts in excess of Rs 500 crore and details of cases pending before Debt Recovery Tribunals (DRTs) and Debt Recovery...
By Fakir Balaji, Bengaluru, (IANS) : Global headwinds such as macroeconomic factors, currency volatility and disruptive technologies impacted the resilient Indian IT industry in 2016, forcing Nasscom, its apex body, to lower the growth rate for fiscal 2016-17. "The IT...
New Delhi, (IANS) : Announcing that it will enable five million merchants to leapfrog to digital payments in 2017, mobile payment and e-commerce platform Paytm on Tuesday launched an array of new features to enhance security and increase usability both for consumers...
Mumbai, (IANS) : A day after his removal as an Independent Director of Tata Steels, eminent industrialist Nusli Wadia on Friday filed a criminal defamation suit against Tata Sons, Ratan Tata and its directors. The suit, second in barely a week, has been filed before...
Mumbai, (IANS) : Over 90 per cent shareholders of Tata Steel voted to remove industrialist Nusli Wadia as independent Director of the company, it announced on Thursday. According to a Tata Steel statement, 90.80 per cent of company shareholders voted Wadia out of its...
Mumbai, (IANS) : Tata Sons ousted Chairman Cyrus Mistry on Monday said he will step down from positions held by him in Tata Group companies which have called extra-ordinary general meetings (EGMs) to remove him from their respective boards. "Having deeply reflected on...
Singapore, (IANS) : Rating agency Moodys Investors Services said on Tuesday that its outlook for banks in the Asia-Pacific region remains negative for 2017 based on the assumption of a difficult operating environment impacting banks' asset quality and profitability....