0

0

0

0

0

0

0

0

0

Top News of Oct 5: Moody's improves India's outlook to 'stable', PM inaugurates Azadi@75 Expo and more

Mini

Here are the top news from the world of business, economics, national and international politics and more, handcrafted for you by the CNBC-TV18.com team.

Top News of Oct 5: Moody's improves India's outlook to 'stable', PM inaugurates Azadi@75 Expo and more
Moody's Investors Service on Tuesday changed the outlook on India's ratings to stable from negative. Prime Minister Narendra Modi inaugurated 'Azadi@75 - New Urban India: Transforming Urban Landscape' conference-cum-expo. Bitcoin has reclaimed $50,000 for the first time since early September, piercing through the level that was seen by many analysts as a strong resistance. For all these stories and everything in between, here are some top news of the day
BUSINESS/ECONOMY
Moody's changes India's rating outlook to stable from negative; affirms Baa3 rating
Moody's Investors Service on Tuesday changed the outlook on India's ratings to stable from negative and affirmed the country's foreign-currency and local-currency long-term issuer ratings and the local-currency senior unsecured rating at Baa3. Continue Reading
Vodafone Idea, Airtel may get another lifeline
The Department of Telecommunications (DoT) on Tuesday, during the hearing of the one-time spectrum case (OTSC), sought three weeks' time to reconsider continuing with its appeal against a telecom tribunal's order that said the OTSC could be levied prospectively, not retrospectively. Continue reading
SREI Board superseded by RBI; here’s what’s next
The Reserve Bank of India has superseded the Board of Directors of Srei Infra Finance Ltd, Srei Equipment Finance Ltd owing to concerns and defaults in meeting their various payment obligations. Here's what lies for the companies now
Coal ministry steps in to ease coal shortage
The coal ministry is stepping in its efforts to address the coal shortage as a lot of power plants have less than 5 days of stock left. As of October 3, as many as 97 coal-based power plants had stock for less than 5 days. Read more

MARKETS
India equity market trading at high PEs; broader trend to remain up: AMP Capital
Indian share market is trading on stretched valuations, while this is often the case, it could become a bit of a dampener, Shane Oliver of AMP Capital told CNBC-TV18. He said the trend is likely to remain up. Catch the interview here
Reliance Industries market cap surges to Rs 17.5 lakh crore
The shares of Reliance Industries hit another record high Tuesday, cementing the conglomerate's position as the country's most valuable company. Its market cap has surged to Rs 17.5 lakh crore. Dig deeper
ONGC, BP jump as crude oil prices rally
The shares of ONGC jumped over 11 percent, Bharat Petroleum rose 2 percent, and Indian Oil Corporation was up over 4 percent Tuesday after crude oil prices soared. Dig deeper

INDIA
Lakhimpur Kheri Violence: Opposition leaders seek PM Modi's intervention to ensure justice
Congress general secretary Priyanka Gandhi Vadra on Tuesday alleged that she was being held illegally at the PAC compound in Sitapur and no notice or FIR has been provided to her even after her 38-hour detention and was not allowed to meet her legal counsel. Tap for latest updates
PM Modi hands over keys to 75,000 beneficiaries of central housing scheme in UP
Prime Minister Narendra Modi inaugurated 'Azadi@75 - New Urban India: Transforming Urban Landscape' conference-cum-expo on Tuesday and digitally handed over keys of Pradhan Mantri Awas Yojana-Urban (PMAY-U) houses to 75,000 beneficiaries. Continue reading
Rajya Sabha proceedings see average daily attendance of 78%, says study
Rajya Sabha proceedings registered an average daily attendance of 78 percent members in the last seven sessions, a study conducted by the Rajya Sabha Secretariat showed.  Continue Reading
WORLD
Bitcoin price hits $50,000 after Elon Musk’s Shiba Inu tweet lifts cryptocurrencies
Bitcoin has reclaimed $50,000 for the first time since early September, piercing through the level that was seen by many analysts as a strong resistance. Continue Reading
Afghanistan to start issuing passports again after months of delays
Alam Gul Haqqani, the passport office's acting head, told reporters in Kabul they would issue between 5,000 and 6,000 passports a day and women would be employed to handle the processing of female citizens' documents. Continue Reading
Climate change killed 14% of world's coral reefs in last 10 years: Study
Increasing temperature, acidity and salinity of the ocean water slowly ‘bleach’ corals until the point that the coral polyps shed the symbiotic algae living within, essentially dying. The situation can still be reversed with proper climate action. Continue Reading
YOU & ME
No large gatherings or Garba events in Maharashtra during Navratri; check details
Navratri or the much-awaited nine-day festival is around the corner, and the Maharashtra government has issued guidelines for celebrations. Check out the fresh guidelines here
Technical stock picks: Nestle, V-Guard and others
The share market seems to have taken a breather from scaling record highs for now, but trading opportunities are still present. Take a look at some stocks analysts suggest going long on.
 
HDFC Bank spreads festive cheer with 10,000+ offers; check details
The festive season has begun and it’s raining discounts on electronics, home appliances, mobile phones, home décor et al. Besides e-commerce giants, banks are also wooing customers with tempting offers. Continue Reading
Tune in: Top News Podcast: What led to WhatsApp, Facebook outage; Centre to reconsider spectrum charge
next story