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An elctronic ticker dsiplaying sensex at Bombay Stock Exchange | Photo: Dhiraj Singh | Bloomberg

Sensex drops 100 points as Moody’s cuts India credit outlook citing slow economic growth

The agency has changed the outlook on India's ratings to 'negative' from 'stable', saying there was increasing risks that economic growth will remain materially lower than the past.
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Moody’s cuts India’s 2019 GDP growth forecast to 6.2 % from 6.8%

For the next calendar year, Moody's Investors Service reduced the growth estimate to 6.7 %.
Moody's logo displayed outside its headquarters in New York | Scott Eells/Bloomberg

Moody’s Investors India puts CEO on leave as it probes whistle blower complaint

ICRA said Moody's Investors, the rating company, was probing certain matters related to a debt score it assigned to a client and its subsidiaries.
Yes Bank has received the Reserve Bank of India's (RBI) approval to open two representative offices in London and Singapore. |

Troubled Yes Bank is now a ‘fallen angel’

Moody’s cuts Yes Bank’s credit rating to junk, which is rare for an Indian private sector bank.
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Crisis-hit IL&FS plans Rs 300 billion asset sales to raise funds

Defaulter IL&FS plans to sell 25 assets and has received investor interest for 14 of them.
Rupee

Rupee crashes to 72 per dollar as India scrambles to halt fall

The currency has set a string of record lows, shadowing India’s optimistic world-beating economic growth.
Oil

Rising oil prices could cause Indian banks to sweat

Higher oil prices will likely widen India's current-account deficit, but this won't affect the country's external position.
A Bharat Petroleum Corp. refinery stands in the Mahul area of Mumbai

India’s demands erode 90% of once cash rich ONGC coffers

ONGC’s largest shareholder, the central government, has been tapping state-run companies including India’s biggest energy explorer to bridge its fiscal deficit.

GLOBAL PULSE: China’s addiction to debt, Trump and Obama in Europe, and Taiwan is first in Asia to allow gay marriages

CHINA HAS AN ADDICTION PROBLEM China has been on a spending spree, but the debt-fuelled binge can now sap the world’s second largest economy.

On Camera

File image of Chinese military band (Representational image) | PTI

Despite Covid, China will spend more on defence in 2020 than it did last year

Actual Chinese military spending may be much higher. In 2019, China reported an official defence budget of just under $178 billion, but is estimated to have spent $261 billion.

Does Trump help or harm India’s interests when he offers to mediate with China, Pakistan?

US President Donald Trump Wednesday offered to mediate between India and China over the "raging border dispute".

Defence

Indian and Chinese soldiers jointly celebrate the New Year 2019 at Bumla along the Indo-China border, Arunachal Pradesh

Chinese aggression in Ladakh also a message for domestic and external audience: Experts

International experts say the timing is troubling as it comes at ‘a critical phase in India's internal difficulties with the Covid-19 pandemic’.
Illustration: Soham Sen | ThePrint

PM, CM, DM: India’s 3 big power centres have been exposed by one disaster

The prime minister, chief minister and district magistrate are the three engines of India’s governance, but their handling of the coronavirus pandemic is going awry.