Moody’s has revised its 2023 growth projections. Image for representational purpose only. | Photo Credit: Reuters Global rating major Moody’s Investors Service has scaled down its GDP growth forecast for India’s economy to 6.8% for 2022-23, from an earlier projection of 7%. At the same time, it has raised the growth projection for 2023-24 to […]
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Residential buildings in Huaian, in China’s eastern Jiangsu province. File | Photo Credit: AFP Risks to the stability of China‘s financial system are rising on continued sluggishness in its property sector and an economic slowdown, making smaller banks more vulnerable, rating agency Moody’s said on Friday. China’s property sector has slowed sharply this year after […]
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Representational image only. | Photo Credit: Reuters Moody’s Investors Service on November 22 said the trend of gradual fiscal consolidation remains intact for India and going forward the country will see strong revenue performance and debt stablisation. Moody’s Investors Service senior vice-president Christian de Guzman said India’s ‘Baa3’ sovereign rating balances its strength of relatively […]
Continue ReadingMoody’s said high-frequency data suggests that the growth momentum from December quarter 2021 carried through into the first four months Moody’s said high-frequency data suggests that the growth momentum from December quarter 2021 carried through into the first four months Moody’s Investors Service on Thursday slashed India’s economic growth projection to 8.8% for 2022 from […]
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Vedanta Ltd. announced an interim dividend of $1.56 billion, of which $1.02 billion would go to holding company Vedanta Resources Ltd. Vedanta Ltd. announced an interim dividend of $1.56 billion, of which $1.02 billion would go to holding company Vedanta Resources Ltd. A large dividend from its cash-rich India operating subsidiary has boosted billionaire Anil […]
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