Moody’s upgrades ICICI, Axis Bank

Moody’s upgrades ICICI, Axis Bank

International rating company Moody’s upgraded and on their standalone financial performance basis, what is known as “baseline credit assessments” in market parlance, citing improvement in assets quality, profitability and capital. On that scale, those two...
Expect Re at 79-79.50 vs dollar: Gaurang Somaiya

Expect Re at 79-79.50 vs dollar: Gaurang Somaiya

“We expect the USDINR pair to trade with a positive bias and is headed towards 79.00-79.50 in the short term as long as 77 is held on the downside,” says Gaurang Somaiya, Forex & Bullion Analyst,. In an interview with ETMarkets, Somaiya said: “In the next couple...
WTO members close to clinching new deal

WTO members close to clinching new deal

After five days of hard negotiations, members of the World Trade Organization on Thursday got close to clinching a deal, with Indian negotiators appearing to be satisfied that the country’s interests remained protected in the face of a belligerent stand taken by...

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