Reliance last week said it will raise as much as US$ 5 billion in foreign currency-denominated bonds and use the proceeds to retire existing borrowings.
Moody's said the recent spike in vaccinations, lower interest rates and increased public spending helped reinforce a positive outlook for the country's corporate sector.
Moody's expects India's economy to continue to recover in the next 12-18 months, with GDP growing 9.3 per cent in the fiscal year ending March 2022 and 7.9 per cent in the following year.
Subramanian took charge on December 7, 2018, five months after his predecessor Arvind Subramanian abruptly resigned citing family commitments.
It said the decision to change the outlook reflected its view that the downside risks from negative feedback between the real economy and financial system are receding.
While cutting India’s rating, Moody’s had cited policy challenges in addressing a prolonged economic slowdown and its deteriorating fiscal position
According to the ratings agency, data consumption would continue to grow with increased transition to remote working and online transactions - this would help telcos' strengthen their earnings and cash flow
Moody's saw real GDP growth of 12 per cent in the 2021 calendar year, partially due to a low base-year comparison.
India's success in advancing on Covid-19 vaccine front will eventually soften the severity of the pandemic within the region, a report by Moody's said
RBI last week asked the bank to temporarily stop all launches under its digital 2.0 initiative and stop sourcing new credit card customers.
Moody's projected India's economic growth for 2020-21 fiscal at 0 per cent, lower than 4.8 per cent estimated in 2019-20.
Moody's said India is likely to see a sharp fall in incomes at the estimated 2.5 per cent growth rate
Stating that there was significant economic fallout from more rapid and wider spread of the coronavirus, Moody's on Tuesday said dampening of domestic consumption demand in affected countries exacerbates disruptions to supply chains and cross-border trade of goods and services.
Moody's said India's economy has decelerated rapidly over the last two years and expects economic recovery to begin in the current quarter.
The credit rating agency has lowered the earlier 5.8 per cent growth forecast, saying the GDP slowdown is lasting longer than expected.
The rating agency lowered India's outlook from 'stable' to 'negative', saying there were increasing risks of economic growth remaining materially lower than the past.
Moody's decision to change the outlook to negative reflects increasing risks that economic growth will remain materially lower than in the past
The Indian rupee has depreciated 13 per cent so far in 2018 and has touched a historic low of Rs 72.32 to a dollar.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.