Stocks in Focus: GIFT Nifty traded down 0.53% at 19,665, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex. On Friday, the NSE Nifty 50 gained 0.55% to settle at 19,653.50, while the BSE Sensex added as much as 263.06 points to 65,995.63. “The risk of higher inflation led the RBI […]
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Moody’s downgrades Vedanta Resources, outlook remains negativeMoody’s downgrades Vedanta Resources, outlook remains negative
Moody’s Investors Service has downgraded the rating of Vedanta Resources Ltd because of the elevated risk of debt restructuring over the next few months, as the firm has not made progress on refinancing its upcoming debt maturities. Moody’s said it has downgraded to Caa2 from Caa1, the corporate family rating (CFR) of Vedanta Resources Limited […]