Moody’s said it has downgraded to Caa2 from Caa1, the corporate family rating (CFR) of Vedanta Resources Limited (VRL). At the same time, Moody’s has maintained a negative outlook.
Industry analysts see this as India’s bid to set itself up as a nation pioneering digital governance, especially as it aspires to assume a leadership role in the Global South.
Earlier, this month, India hiked the cooking gas subsidy for low income households to 300 rupees per cylinder from 200 rupees announced in August.
The liquidity, as reflected by the amount of money injected by the RBI into the system, stood at Rs 23,644.43 crore on August 21, the latest RBI data showed. Since the beginning of FY2024, the RBI has been absorbing excess liquidity from the banking system.
Union Power and New & Renewable Energy Minister R K Singh on Monday said India will achieve its 500 GW renewable energy target before the 2030 deadline.
At 3.2 million, Reliance Jio continues to lead 4G subscriber addition for the sixth straight month in August. Airtel and Vodafone Idea added 2.6 million and 1.3 million subscribers, respectively.
MDH Spices leads with 10 per cent shipments refused over salmonella contamination; nearly 4 per cent Nestle India shipments refused, mostly due to “filthy” noodles
Investments in Indian agri-tech startups fell by 45 per cent between 2021-22 and 2022-23 fiscal years, primarily due to a hike in global interest rates and heightened investor caution amid rising uncertainty, reveals consulting firm FSG’s new report.
About Rs 1,515 crore was disbursed in FY24 till October, while it was Rs 2,900 crore in 2022-23, when payments under the scheme commenced. The government in 2021 announced PLI schemes for 14 sectors with an outlay of Rs 1.97 lakh crore.
The Gangwal family and their trust had cumulatively held a 36.61 per cent stake in InterGlobe Aviation.