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S&P retains India's rating at 'BBB-', rules out upgrade for 2 years
Wed, Nov 02, 2016
Dashing the government's hope of improved credit rating, S&P on Wednesday retained India's rating at 'BBB-' with a stable outlook and ruled out any upgrade in two years, citing weak public finances.
FIPB defers decision on Idea Cellular, clears Rs 2,300 crore FDI
Mon, Sep 26, 2016
Deferring a decision on the foreign investment proposals of Idea Cellular and Flag Telecom, the Foreign Investment Promotion Board (FIPB) on Monday cleared 11 proposals entailing foreign direct investment (FDI) inflow of over Rs 2,300 crore, an official source said.
India likely to post current account surplus of $4 billion in April-June quarter: Nomura
Fri, Sep 02, 2016
Japanese brokerage Nomura on Friday said the country is likely to post first quarterly current account surplus in nine years in the June quarter at $4 billion (nearly Rs 26,611 crore) or 0.8% of the gross domestic product (GDP).