Moody’s cut its ratings on the UK-based engine-maker’s bonds by two notches to Ba2 from Baa3, meaning its bonds are now regarded as non-investment grade, and also gave the company as a whole a Ba2 rating with a negative outlook
Monthly Archives: July 2020
Sushant Singh Rajput suicide case: Mahesh Bhatt to record statement with Mumbai Police
Several Bollywood personalities have been questioned in connection with the case. Kangana Ranaut was recently summoned by the Mumbai Police to record her statement in the case
Cabinet Secretary-led panel to select new RBI deputy governor on August 7
The panel will interview shortlisted candidates on August 7; the selected name from the interview will be sent to the Appointments Committee of the Cabinet headed by the Prime Minister for final approval
Mercedes Benz pins sales recovery hopes on positive sentiment during festive season
Mercedes-Benz India CEO Martin Schwenk said a lot would depend on the coronavirus pandemic management in India, specially freedom of people’s movement and also on how the country’s economy grows
Indian Accounting Standards amended; standards related to leases changed amid COVID-19 pandemic
Corporate Affairs Ministry has amended the rules whereby entities would get relief from lease modification accounting due to COVID-19 related rent concessions
Sushnat Singh Rajput’s Dil Bechara leaked online by Tamilrockers
Tamilrockers is infamous for leaking high profile projects on the internet. It usually uploads the films hours after their release and sometimes even before
FATF review of India’s anti-money laundering, terror financing regime postponed
They said the on-site review to be conducted by experts of the global body was scheduled to begin in September-October but the FATF secretariat in Paris has conveyed to India that the review is being tentatively pushed to January-February next year
NMDC Nagarnar steel plant faces delays in commissioning due to COVID-19 disruptions
The National Mineral Development Corporation (NMDC) was first expected to commence steel production at its Nagarnar plant in July 2019, but failed to do so and then the commissioning deadline was shifted to 2020
COVID-19 impact: RBI may cut lending rates by another 25 bps in August to revive economy
The Monetary Policy Committee (MPC), headed by RBI Governor, is scheduled to meet for three days beginning August 4 and will announce its decision on August 6
Govt plans stern action against ‘risky’ exporters
Finance Ministry said that despite the lobbying against the crackdown, the government is planning to take stern action against the risky exporters, who have claimed IGST refunds worth Rs 2,020 crore and now are untraceable