Moody’s India downgrade is not unexpected: BofA Securities
While the rating agency downgraded India’s sovereign rating, BofA Securities’ economists see the present downturn as cyclical rather than structural; say fiscal stimulus is critical for recovery.
Reliance Industries: Riding on clicks and bricks
Reliance plans to launch a unique physical-digital retail business platform that is already being piloted across India and is expected to be rolled out nationally in the coming years.
Short-term relief for NBFCs
The government’s partial credit guarantee on asset purchases does not address investors’ long-term concerns about the sector’s exposure to stressed real estate: Fitch Ratings.
Will bank recapitalisation succeed?
Opinion is divided but most agree that without well executed reforms at public sector banks, recapitalisation will be nothing more than putting good money into bad assets.
Bank stocks buzz on recap boost
The government’s re-capitalisation plan for the banks has driven up banking stocks sharply. Analysts expect that fresh funds to banks will help them overcome their NPA problems and lend again.