Moody’s cut credit outlook of 28 Spanish banks

Global ratings agency Moody’s downgraded the credit ratings of 28 Spainish banks a week after Spain asked for money to aid them. As per the Moody’s Spain’s declined creditworthiness means a fragile credit profile for Spanish banks. Among those who ..

Month: Current Affairs - June, 2012

India might be 1st BRIC to lose investment rating: S&P

As per the ratings agency Standard & Poor’s India may become the 1st BRIC country to be degraded in investment grade rating. What is the reason that might lead India loose its investment rating? Slow GDP growth and degree of ..

Month: Current Affairs - June, 2012

Current Affairs: November 29, 2011

Presidency University declared CIC Centre declared the prestigious Presidency University the first Cluster Innovation Centre in eastern India. The National Innovation Council has envisaged Cluster Innovation Centres (CIC) as focal points to promote innovation in and around the university system. ..

Month: Current Affairs - November, 2011

Moody’s : India’s GDP Growth 7.5-8%

Global rating agency Moody’s projected India’s GDP growth for the 2011-12 fiscal at 7.5-8% It also mentioned soaring domestic interest rates together with the present global uncertainties as the near-term factors that could affect its economic growth Moody’s also owns ..

Month: Current Affairs - November, 2011

Current Affairs : August 17, 2011

Competition Commission of India imposes heavy Penalty on Real Estate Giant DLF The Competition Commission of India (CCI) imposed a heavy penalty of Rs.630 Crore on real estate giant DLF for abusing its leading position CCI issued a cease and ..

Month: Current Affairs - August, 2011

Category: Government Schemes Current Affairs