In line with benchmark indices, SBI share price declined as much as 2.84 per cent to touch an intraday low of Rs 309.25 apiece on the BSE after opening tad lower at Rs 317.45 against previous close level of Rs 318.30

The negative forecast came at a time when the international rating agency Moody's has revised down the outlook on the sovereign rating to negative from positive citing the many gathering storms around the economy

The SBI report has also cut GDP forecast for FY20 to 5 per cent from 6.1 per cent earlier, but expects growth rate to pick up pace in FY21 to 6.2 per cent

Moody's, which has already slapped downgrade warnings on Britain, South Africa, India, Mexico, Turkey and Hong Kong, said there were three main drivers behind the move

NTPC Q2 results: For the quarter under review, tax expenses were down 17.4 per cent YoY at Rs 1,130 crore, aided by cut in corporate tax rate by the government

A quarter of SBI's home loan customers in terms of the total home loan portfolio of Rs 3.72 lakh crore has clung to the old 'base rate' regime that charges higher interest rate

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Moody's said if India's sovereign rating is downgraded to Baa3 from Baa2, the agency will downgrade the ratings of these companies accordingly

Three years down the line, India's economy has seen a lot of turbulence with GDP growth going down to six-year-low, fiscal deficit growing significantly, and various sectors, including auto and manufacturing, facing crises

Three years of demonetisation: Tharoor sought an apology from PM Modi stating that democracies don't burn people alive, but a simple apology for the decision would go a long way

3 years of demonetisation: Garg said that a good chunk of the Rs 2,000 notes are not in circulation but have been hoarded

Moody's says its India outlook reflects government and policy ineffectiveness in addressing economic weakness; the Modi government says India continues to offer strong prospects of growth in the near and medium-term

Honda has surprisingly bought back the most unique element of the Jazz: Magic Seats. These are the multi-purpose seats which have 18 different configurations to change the car's interior space to completely flat

The MG ZS EV is likely to get a 44.5kWh battery pack, capable of a range of 262km on a single charge, paired with a 150hp electric motor

Stake sale in PSUs is top priority for the government in absence of which fiscal deficit is expected to widen in the next seven months.

The ratings agency had lowered India's growth forecast to 6.2% from 6.8% in August

Moody's Investor Service sees this mega divestment plans for the 4 blue-chip public-sector companies as a setback. Moody's said the proposed stake sale in BPCL would remove the company's links and prompt bond redemption, a credit negative