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Moodys upgrading Indias sovereign credit rating is a recognition of a series of reforms undertaken by the government, Commerce and Industry Minister Suresh Prabhu said on Friday. (Photo: AFP)

India may cut expenditure to stick to 3.3 pc fiscal deficit: Moody's

Moody's had last year upped India's sovereign rating for the first time in over 13 years to 'Baa2'.

7 Jun 2018 2:37 PM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

Fitch downgrades PNB's rating on deteriorating credit profile

VRs represent the capacity of the bank to maintain ongoing operations and to avoid failure.

4 Jun 2018 5:24 PM IST

Fitch gives NTPC 'BBB-' rating with a stable outlook

It said NTPC's ratings benefit from its dominant market position and regulated business model, which provides certainty...

15 Jun 2017 7:14 PM IST