Nov 19 2017
Finance Minister Arun Jaitley on Friday said the government welcomes Moody's upgradation of India's sovereign rating.
Talking about policy decisions like demonetisation and GST implementation, he said that a series of steps taken by the government are taking Indian economy to a greater formalisation and digitization which is being universally acknowledged.
It is "encouraging to have worldwide recognition" and "not something happening in isolation", he said.
"Introduction of Aadhar, recapitalization of public sector banks, smooth transition of GST and demonetization have all been landmark reforms", he said.
Stating that reforms will foster sustainable growth, Moody's said government is mid-way through a wide-ranging programme of economic and institutional reforms.
The "emphasis is on infrastructure building and expenditure in rural areas", he added.
Arsenal players are behind Wenger says Iwobi
The 32-year-old then contracted gangrene after the operation and revealed to Spanish newspaper Marca he could have had his foot amputated.
Italy Misses World Cup for First Time Since 1958
Italy , who are now ranked 15th in the world, had an ordinary qualification campaign, finishing second in their group. I don't want to think it's the game of life but I'm convinced that, with the help of the fans, we will do it.
Internet giant Alibaba kicks off Singles' Day shopping bonanza with a bang
E-commerce giant Alibaba on Saturday kicked off its ninth edition of the 11.11 Global Shopping Festival, its annual sales event. There were 256,000 payment transactions processed per second by Alipay, Alibaba's Alizila news website reported.
Moody's Investors Service today upgraded India's local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive.
"Moody's upgrade of India's rating is a reaffirmation of the various reform measures undertaken by the government over the last three to four years and we welcome this move", said FICCI President Pankaj R. Patel.
Credit rating agency upgrades India's sovereign bonds for the first time in nearly 14 years, changing its rating outlook to stable from positive.
Reacting to the upgrade, Jaitley told reporters: "It is a belated recognition of all the positive steps taken in the last few years".
Sovereign credit rating indicates the level of risk faced by investors while investing in a country.
At 0550 GMT, the benchmark 10-year bond yield was down 9 basis points at 6.97 percent, the rupee was trading stronger at 64.84 per dollar versus the previous close of 65.3250, while the NSE share index was 1.1 percent higher.
Driven by banks after Moody's upgrade, the Sensex rallied 400 points.
Nov 18 2017
Want a Longer Life? Get a Dog, Study Says
Scientists said the companionship was key, along with the physical activity in taking the dog for a walk. Dog owners are shown to be less depressed and make friends easier, according to a recent study.
Nov 16 2017
Clemson soccer named national seed for NCAA tournament
The victor will visit Michigan State (11-3-3), the No. 7 overall seed in the 48-team field, in the second round Sunday. The Irish are 18-17-2 (.514) all-time in NCAA Championship play, which includes a 17-13-2 record under Clark.
Nov 16 2017
#RWC2023 SA will most certainly bid next time, says Ramaphosa
France on Wednesday won the right to stage the 2023 tournament as voted by members of the World Rugby Council in London. Mark Alexander, president of SA Rugby, said he was "desolated" and fumed about breaches of protocol by other bidders.
Nov 15 2017
We'll buy arms from Russia, Philippines' Duterte tells Putin
But critics warn the gesture has come to represent the brutalities of Duterte's drug war, which has claimed thousands of lives . In December 2016, he said that during his time as mayor, he had personally killed at least three people.
Nov 14 2017
Qualcomm rejects Broadcom's record-breaking $105 billion takeover attempt (AVGO, QCOM)
Another tactic Broadcom could use is to nominate directors for Qualcomm's board ahead of the company's annual general meeting in 2018.
Nov 12 2017
Hope Solo accuses Sepp Blatter of sexual assault
Former FIFA President Sepp Blatter has been accused of sexual assault by the USA Women's football team goalkeeper Hope Solo . In 2004, he landed in hot water after saying women's soccer should use sex appeal as a way to grow the game .
Nov 11 2017
JC Penney Share Jump on Strong Sales
A good method of evaluating a public company's profitability is by taking a look at its Earnings per Share (EPS) performance. Lumber Liquidators Holdings Inc (NYSE:LL) shares traded on -6.25% below secure line and closed at $28.81.
Nov 10 2017
Twitter Pauses Verifications Amid Controversy Over Charlottesville Organizer
CEO Jack Dorsey weighed in on the issue, saying that the company has known for awhile that the system was broken. Several celebrities on Twitter were quick to condemn Twitter's decision to give Kessler the badge.
Nov 10 2017
Ezekiel Elliott suspended again; Could miss three divisional matchups
Elliott will now miss games against the Falcons, Eagles, Chargers, Redskins, Giants, and Raiders. If there are no further interruptions, Elliott will be out until Week 16.
Nov 08 2017
Target Releases Black Friday Ad, Offers Early Access Deals
Target, Sears and Kmart have announced their top deals for Black Friday! Here are some of the deals each store will offer. Both stores are offering early access to Black Friday sales to members of their Shop Your Way rewards program .
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