Top 10 biz headlines: PM on economic revival, Moody’s ratings and more

Top 10 biz headlines: PM on economic revival, Moody’s ratings and more

Prime Minister Narendra Modi on Tuesday asserted that India would return to hi

Top biz headlines: Stimulus package for industry, IBC breather and more
Top 10 biz headlines: Next stimulus package, weak auto sales and more
Top Biz Headlines: SBI’s revival plan, increase in currency in circulation




Prime Minister Narendra Modi on Tuesday asserted that India would return to high growth and promised that his government would undertake further reforms with the help of inputs provided by industry. Here are the top ten headlines that made on Wdnesday morning:


Anil Ambani-promoted RInfra’s total default pegged at Rs 3,315 crore



Anil Ambani-promoted Reliance Infrastructure has, at the consolidated level, defaulted to the tune of Rs 3,315 crore on payments of both interest and principal to various lenders. Read more here


Covid-19 impact: Moody’s cuts rating for SBI, HDFC Bank to ‘Baa3’


Moody’s has downgraded ratings for SBI and HDFC Bank’s long-term local and foreign currency deposit from “Baa2” to “Baa3” after it downgraded India’s sovereign rating from “Baa2” to “Baa3” with a negative outlook. Read more here


Covid-19 crisis: says growth will return, more reforms in the works


Modi urged industry to come up with studies on each sector of the economy. “We will…



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