Posts From Rajesh Sharma

Moody’s Investors Service upgraded India’s sovereign credit rating for the first time in nearly 14 years on Friday, saying continued progress on economic and institutional reforms would boost the country’s growth potential. The agency said it was lifting India’s rating

 India’s state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi’s goal of making the fuel a bigger part of the country’s energy mix. State-owned oil companies – Indian Oil,

It was a spectacular start to the market on Friday as the Sensex rallied more than 400 points after Moody’s upgraded India’s sovereign rating to Baa2. However, it lost steam later shedding nearly half of gains in last hour of

3:30 pm Market Check: Equity benchmarks rallied sharply after Moody’s upgraded India’s sovereign rating, but ended off day’s highs due to correction in technology stocks. The 30-share BSE Sensex was up 235.98 points or 0.71 percent at 33,342.80 and the

Telecom operator Aircel Ltd has delayed payment of interest on its debt obligations, ratings agency CARE said and downgraded its rating on the company’s bank facilities to default. Aircel, the sixth-ranked mobile carrier in the country by subscribers, has delayed

  3:18 pm Tie-Up: Reliance General Insurance Company (RGI), a subsidiary of Reliance Capital has signed a comprehensive Bancassurance – Corporate Agency agreement with Yes Bank, further augmenting its distribution network. The bank will distribute multiple general insurance products to

2:05 pm Niti Aayog on rating upgrade: India’s credit rating upgrade by Moody’s is a reflection of the country’s growth story, Niti Aayog Vice Chairman Rajiv Kumar said today and expressed hope that other global agencies such as S&P and

12:55 pm Market Check: The rally continued at Dalal Street as the Sensex surged 336.84 points or 1.02 percent to 33,443.66 after Moody’s upgraded India’s local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on

11:25 am Buzzing: Shares of Vascon Engineers added 6.4 percent intraday on the back of sale of subsidiary’s Mumbai division. The board of directors of GMP Technical Solutions, a material subsidiary of Vascon Engineers has approved slump sale of its

MUMBAI (Reuters) – Indian markets were poised for a big rally on Friday following an unexpected rating upgrade by Moody’s Investors Service, traders said. Moody’s upgraded India’s local and foreign currency debt rating to Baa2 from Baa3 on the back