Indian corporates News

Moody's on Wednesday said the stable outlook on Indian corporates over the next 12-18 months reflects the country's sustained economic growth.

Indian firms' overseas direct investment fell 84 per cent to USD 399.06 million in August, data from RBI showed.

India's economy will grow at 7.4 percent in the current fiscal, which will further improve to over 8 percent in 2016-17, Standard & Poor's Ratings Services projected Thursday.

Reserve Bank of India has recently permitted the corporates to issue rupee denominated bonds outside India.

Interestingly, nearly two-third of the top listed firms have failed to make the minimum 2 per cent CSR spend in the first year (2014-15 fiscal).

Indian corporates might face higher borrowing cost in the overseas market in short-run due to the Greek debt crisis, India Ratings and Research (Ind-Ra) has said.

The Reserve Bank Thursday relaxed norms to help Indian corporates to raise funds in rupees from overseas lenders.

Evaluating government's performance at the Zee Media Conclave Modi @1, Indian corporates said that Narendra Modi's 'acche din' dream will come true gradually.

Indian PSU banks will need years to improve their credit profiles as the asset quality is tied up with a slow, multi-year recovery of corporate balance sheets, said global ratings agency Moody's on Wednesday.

The meeting, which would start on January 20 and continue till January 24, will see over 2,500 corporate and political leaders, as also 40 heads of states and governments from across the world.

The non-performing assets of banks will continue to act as a drag on the bank's credit quality, Moody's said.

The Reserve Bank Thursday relaxed norms for overseas investment by Indian corporates by raising their borrowing limit.

Leading British brokerage RBS Wednesday said Indian corporates will have to arrange USD 1.52 billion funds in foreign exchange in the current calendar year to refinance their debt, which will jump to USD 2.3 billion next year and to USD 9.1 billion in 2016.