Moodys Financial News

IndusInd Bank shares will be in focus on Thursday after rating agency Crisil refrained from placing the private lender on ratings watch, stating that the full extent of discrepancies in the bank’s derivatives portfolio will only be known once an external agency submits its findings. Crisil noted that these discrepancies are likely to have a one-time impact on the bank’s financials but added that IndusInd’s pre-provisioning operating profitability and capital adequacy remain strong enough to absorb the impact.

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Subscribe to enjoy similar stories. MUMBAI/NEW DELHI : Record flight cancellations and a weak Indian rupee threaten to slam the financials of IndiGo in the December quarter, analysts said. Concerns are also rising that India's largest airline may struggle to hire enough pilots, potentially forcing it to reduce flights to comply with the rules.

President Donald Trump says that tariffs will make the U.S. "rich." But those riches will likely be far less than the White House expects, economists said.

IndusInd Bank on ratings watch but said that the final extent of the discrepancies in the bank’s derivatives portfolio will only be known once the external agency submits its findings. It also said that the discrepancies in accounting of the bank’s derivatives portfolio are likely to have a one-time impact on its financials. “The final extent of discrepancies in the bank’s derivative portfolio will be contingent on findings of the external agency.,” it said. “Crisil Ratings will continue to monitor the developments closely for impact thereof on the overall credit risk profile of the bank.”

Stephen Curry became the first player in NBA history to hit 4,000 career three-pointers, leading the Golden State Warriors to a commanding 130-104 victory over the Sacramento Kings on Thursday night. The win marks Golden State’s sixth consecutive victory and 11th in their last 12 games. Fans erupted in cheers when Curry hit the milestone shot in the third quarter, with a tribute video playing on the big screen during a timeout.

Elon Musk’s alleged recent baby mama, Ashley St. Clair, is portrayed in recent disclosures from a former friend as being cunning and manipulative in her interactions, including her purported relationship with Elon Musk. A former coworker describes how St. Clair manipulated stories, disseminated secrets, and even betrayed a pledge to a significant figure in the cryptocurrency industry. Her previous actions are now being closely examined.

Musk is no stranger to controversy, but the latest twist in his personal life is straight out of a Hollywood thriller. The billionaire Tesla and SpaceX CEO has fired back at conservative influencer Ashley St. Clair, who claims he secretly fathered her 5-month-old son. In a shocking move, Musk has now shared damning text messages that suggest St. Clair had a premeditated plan to seduce him—an alleged «pregnancy plot» designed to trap one of the world’s richest men.

Moody's Ratings said on Tuesday. Additionally, strong premium growth is expected to boost profitability of the sector.

Moody's Ratings said in response to the budget, retaining their growth forecast for the South Asian economy at 6.6% for next fiscal year.

Tata Consultancy Services (TCS) and Infosys stand poised to benefit from the weakening rupee, while Bharti Airtel and ANI Technologies, Ola's parent firm, face challenges as their dollar-denominated debts rise in cost. A Moody’s report highlighted the divergent fortunes of Indian corporates amid the rupee’s sustained decline. As the rupee continues its downward slide, losing over 20% against the U.S. dollar since 2020, TCS and Infosys, both rated “Baa1 stable" by the ratings agency Moody’s, are well-positioned to capitalize on the currency depreciation. Their revenues are largely denominated in dollars, while costs are incurred in multiple currencies, including the rupee, giving them a natural advantage as the rupee weakens, Moody’s said.

These companies are the three oil refining and marketing companies (OMCs), Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOCL), building materials producer UltraTech Cement, Bharti Airtel and ride sharing company ANI Technologies Pvt Ltd.

Mortgage rates have risen in recent months, even as the Federal Reserve has cut interest rates.

One might quibble on what Conservative Leader Pierre Poilievre meant last week when he said he would “reverse” the Liberals’ capital gains proposals, but his statement is quite clear that his party will either not proceed with the proposals should they not be law at the time if and when they form government, or they will unwind the proposals if such proposals are effective law at the time.

Autonomous AI agents capable of planning, executing, and adapting tasks with minimal human intervention are expected to make significant strides in 2025, according to Moody's Ratings.

‘Barron’s Roundtable’ panelists Alissa Coram, Ben Levisohn and Al Root discuss the top three stories investors should know from the week.

The wildfires that erupted this week across Los Angeles County are far from contained, but they're already expected to be the costliest in U.S. history and among the worst natural disasters

Moody's Ratings.