Infosys set to open Rs 13,000 crore share buyback on November 30; Narayana Muthy, Nilekani to participate

Some of the founders and high-profile former executives associated with Infosys have been calling for share buyback for quite some time now so that the surplus capital with the company could be returned to shareholders.

Moody's rating upgrade for India: Don't be lured into false belief, says Manmohan Singh

The US-based agency upped India's rating to Baa2 from Baa3 and changed its rating outlook to 'stable' from 'positive', saying the reforms will help stabilise rising levels of debt.

Larsen & Toubro wins Rs 8,650 crore contract for building Mumbai Trans Harbour Link

The Mumbai Trans Harbour Link project involves construction of 21.8 km bridge connecting Mumbai mainland with Navi Mumbai. While L&T has secured Package 01 of the contract jointly with IHI Corporation, Japan, it will complete undertake work under Package 03 on its own.

Moody's withdraws Reliance Communications' corporate family rating over missed payment

Giving the rationale behind its latest move, Moody's said it has withdrawn the ratings as it considers a missed scheduled payment either of interest or principal as a "default".

Moody's find fewer losses in loans from south India, auto asset backed loans

Its analysis is based on the performance of 70 Indian auto ABS backed by commercial vehicle (CV) loans originated between 2009 and 2016 by eight different financiers, and with a total initial pool principal amount of Rs 11,500 crore.

Sun Nov 19 08:30:04 IST 2017

From The Magazine

Playing It Safe

Private sector banks report higher bad assets due to regulatory diktat