"Rated companies’ credit profiles are unlikely to improve significantly over 2020-2021 due to elevated debt levels, weakening profitability and the continued economic slowdown, which is pressuring both investment and consumption," Kaustubh Chaubal, a Moody’s Vice President and Senior Credit Officer said.
Since Monday, the rupee has plunged by 114 paise or more than 1.5 per cent as trade war concerns resurfaced and crude oil rebounded.
This was a biggest single session decline against the US dollar since August 13.
New Delhi, Oct 22: In a blistering attack, Gujarat Chief Minister Narendra Modi today took the Centre to task for making attempts to “tinker” with the federal structure, particularly in the implementation of development schemes.
New Delhi, Aug 19: Commerce and Industry Minister Anand Sharma today said that nothing should be done to “weaken” the institutions and “undermine democracy” as it would hurt India's present and long-term interest.Asked whether Anna
New Delhi, Dec 17: The CPI(M) today said the WikiLeaks latest release in which the US Embassy in New Delhidescribed Prakash Karat as an "extortionist" confirmed its apprehension that Washington was pressurising New Delhi to
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