VIKAS HALAN
India’s recovery will be led by sectors such as ferrous and non-ferrous metals, auto and textiles: Moody’s and ICRA
"A rising preference for personal mobility vehicles, along with the government's new voluntary vehicle scrappage policy, will support automobile demand. In the housing sector, the shift toward flexible work arrangements combined with tax incentives for affordable homes will propel demand,” said Vikas Halan, a Moody's Associate Managing Director in a joint webinar by rating agencies Icra and Moody’s, On India Credit Outlook 2021.
NSE-BSE bulk deals: UBS Principal Capital Asia cuts stake in IndusInd Bank
Just Dial and Neuland Laboratories also witnessed bulk deals during the day.
Govt to gain Rs 1.6 lakh cr this fiscal from record excise duty hike on petrol, diesel
The cash-strapped government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record increase in excise duty on petrol and diesel, that will help make up for revenue it lost in a slowing economy and shutting down of businesses due to coronavirus lockdown.
Private equity firm Silver Lake to invest Rs 5,655.75 crore in Reliance Jio Platforms
Silver Lake will invest Rs 5,655.75 crore in Reliance Jio at an equity value of Rs 4.90 lakh crore.
Non-Opec members will also need to cut output to balance oil price: Vikas Halan
As demand recovers, oil prices may rise to more normal levels, says senior VP at Moody's.
Oil consumption growing; investors not worried about EV, shale gas substituting oil: Vikas Halan, Moody’s
Halan assesses financial health of upstream cos like ONGC, asset sales and Saudi Aramco's listing.
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Moody's warns BPCL of potential rating downgrade on government sale
The review for downgrade takes into account the uncertainty with respect to both the support incorporated into BPCL's rating as well as its BCA.
Moody's assigns Baa1 rating to ONGC's proposed senior unsecured notes
It also factors the firm's solid credit metrics that have improved but remain constrained by volatile
Sitharaman's tax cut move: Why it matters so much for India Inc, economy and Modi govt
FM slashed corporate tax rates on Friday to bring them on a par with India’s rivals, sending a strong signal that Modi govt would take bold steps to revive the economy.
Tax relief to kick-start capex plan, revive corporate sentiments: Tax experts
The government's decision to reduce base corporate tax to 22 per cent from 30 per cent will boost net income of Indian corporates and is credit positive.
Moody's says corporate tax cut to boost net income of companies
The Government's decision to reduce base corporation tax to 22% from 30% is credit positive.
IndianOil to raise up to $1.5 billion from overseas bond sale
The bonds have been rated Baa2 by Moody's and BBB- by Fitch Ratings.
Moody's continues to stick to $50-70 range for oil price: Vikas Halan
On the demand side, there might be change in market’s expectation as the year evolves, says Halan.
Oil prices to stay volatile and range-bound irrespective of OPEC meeting outcome: Vikas Halan, Moody's
By 2019 second half, once infra bottlenecks are out, Brent and WTI divergence will narrow, says Halan.
Is Modi's bad luck with oil burning a hole in people's pockets? Yes, if you go by what he said
Modi enjoyed big positives of low oil prices during the first three years of his tenure. But now he seems to have run into stormy weather.
ONGC, Oil India face risk of subsidy sharing: Moody's
With the recent rise in international oil prices, the oil firms face a looming risk of being asked by the government to once again bear part of the subsidy.
ONGC, Oil India could help government meet shortfall due to oil price rise by subsidy sharing: Vikas Halan, Moody's
“When oil prices go up, the upstream companies benefit and the subsidy sharing brings it down a little bit.”
Why Moody’s is sure oil price will remain in $45-65 range
“The Brent crude is at $70-72 whereas WTI remains at $66 – the $6 gap has widened.”
Impact of interconnect norms for telcos not to be severe: Vikas Halan, Moody's Investor Service
After a couple of years, there will be very symmetrical traffic as the telcos get even market share.
RIL launches bond sale a day after India upgrade
The company kickstarted the sale earlier this morning as it seeks to refinance the perpetual bonds it sold in 2013.
Moody's revises RIL credit outlook to stable; affirms ratings
"Such payments along with additional capex towards telecom services will constrain any reduction in net borrowings until fiscal 2019," it warned.
Moody's affirms Baa2 ratings on Oil India Limited
Moody's Investors Service has affirmed Oil India Limited's (Oil India) Baa2 issuer and bond ratings mainly due to revision of its assumptions for oil prices.
Failure of economic reforms in India could hamper investments: Moody's
"Modi govt so far has been unable to enact legislation on key reforms, including a unified goods and services tax and the Land Acquisition Bill," Moody's said.
India Inc remains vulnerable to volatile rupee: Moody's
The commodity crash has benefited many corporates given India's status as a net importer of raw materials and its high inflation, it added.
Challenges to persist over next 12 months for realtors, says Moody’s
As per the latest data, unsold housing stock across top eight property markets in the country rose 18% to over 1.1 billion sq ft as on June 30.
Government's 10% stake sale not to impact IOC's ratings: Moody's
The government on Monday sold 10 per cent stake in IOC through an offer for sale and raised over Rs 9,300 crore.
Moody's, Fitch assign Baa3, BBB rating to BPCL $2-billion bond sale
Moody's and Fitch today assigned Baa3 and BBB- ratings with stable outlook respectively, in line with the sovereign's, to the proposed bond sale programme.
Moody's revises non-financial companies' ratings outlook to stable
'We would change the outlook back to negative if growth falls below 5 per cent and leads to a deterioration in credit metrics.'
Non-financial cos to raise $14 bn in forex debt this year: Moody's
Foreign currency bond issuances by non-financial companies in India will reach a record high of $13-14 billion this calendar, Moody’s said.
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