Moody’s downgrades Tata Motors’ credit rating amid JLR slowdown

Global rating agency Moody’s Investors Service Thursday downgraded Tata Motors’ credit rating by a notch based on the disappointing performance of its British subsidiary Jaguar Land Rover. The corporate... Read more »

MSMEs credit guarantee coverage to increase to 1 lakh crore: President Kovind

The government will soon announce a new industrial policy with the goal of promoting growth of industries and creation of jobs, President Ram Nath Kovind said Thursday. Addressing the... Read more »

Indiabulls Housing Finance to buy back NCDs worth Rs 2,285 crore

Indiabulls Housing Finance will conduct a buyback of all non-convertible debentures maturing in July and August totalling Rs 2,285 crore, said its managing director and CEO Gagan Banga. Indiabulls... Read more »

Govt to issue fresh proposal for Air India sale

The Finance Ministry is issuing a fresh proposal for sale of Air India, incorporating issues like crude oil prices and exchange rate volatility, marred by EY last year on... Read more »

Diamond Futures marginally higher after US Fed keeps rates unchanged says Kedia Advisory: 5pm report

On Thursday, Diamond prices closed flat at Rs. 3,488.35 cent from the previous close after the US Federal Reserve decided to keep policy rates unchanged. On the ICEX, prices... Read more »

DBS Bank revisits India’s GDP forecast for FY20 down to 6.8%

DBS Bank has revised India’s GDP growth for fiscal year 2020 down to 6.8 percent year-on-year (YoY) from 7 percent projected earlier, creating an obstacle for exports amidst challenging... Read more »

MCA to amend LLP Act to keep a tab on shell companies

In an effort to keep a tab on shell companies, the Ministry of Corporate Affairs may amend the LLP Act to tighten regulation for companies which seek to change... Read more »

HDFC to acquire major stake in Apollo Munich Health Insurance for Rs 1,347 crore

HDFC Limited (“HDFC”) and Apollo Hospitals Group (“Apollo”), at their respective meetings held today, confirmed entering into definitive agreements for HDFC to acquire the entire 50.8% shareholding of Apollo... Read more »

Diamond Futures steady amid weak global cues, US Fed meeting: Kedia Advisory

On Wednesday, Diamond prices remained flat at Rs. 3,479.4 cent. Traders continued to be cautious with US Federal Reserve monetary policy meeting results expected later today. On the ICEX,... Read more »

RBI panel recommends doubling collateral-free loans limit to Rs 20 lakh for MSMEs

There could be some good news for over 63 million Micro, Small and Medium Enterprises (MSMEs) from now on. An eight-member expert committee, constituted by the RBI, has reportedly... Read more »