Moodys Financial News

24.12 / 01:49

markets Google Strategy Software Moodys Experts cover Chinese workers found in 'slavery-like conditions' at BYD construction site in Brazil

slavery-like conditions" at a construction site for a factory owned by Chinese electric vehicle producer BYD in Brazil's Bahia state, the local labor prosecutor's office said during a news conference on Monday.

24.12 / 01:01

markets UPS Aware Moodys AVP Coforge, Cigniti forge ahead with proposed merger

Coforge and Cigniti Technologies are moving a step ahead toward a planned merger. The two companies have appointed EY and Axis Capital to prepare merger terms, which they intend to propose to their respective shareholders within a fortnight, according to people aware of the matter.

23.12 / 16:31

markets Manufacturing Strategy Software Moodys electronic Schools Karnataka govt approves 9 industrial projects worth Rs 9,823 crore

industrial projects with a total investment of Rs 9,823.31 crore, which are expected to create approximately 5,605 jobs. The projects were approved at the 64th meeting of the State High Level Clearance Committee (SHLCC), headed by Karnataka Chief Minister Siddaramaiah.

22.12 / 17:39

markets Provident Strategy Software awards Moodys Experts NCLT approves Raymond's plan to demerge real estate business

National Company Law Tribunal (NCLT) has approved the demerger scheme of Raymond Ltd, paving the way for the reorganisation of its real estate business into a separate entity, Raymond Realty. The move is aimed at unlocking the growth potential of the group's real estate vertical and attract strategic investors. Raymond Ltd, the demerged company, will transfer its real estate assets and operations to Raymond Realty Limited, the resulting company, effective from April 1, 2025. As part of the scheme of this demerger exercise, existing Raymond shareholders will be receiving one equity share of Raymond Realty for every share held in Raymond Ltd.

20.12 / 12:11

markets Digital Strategy Software Moodys Experts Maharashtra public holidays 2025 announced: Check Maharashtra state government holiday list for 2025

state government employees specific days off throughout the year, as authorized by Section 25 of the Negotiable Instruments Act of 1881. In Maharashtra, only banks will have a holiday on Tuesday, April 1, 2025, solely to close their annual accounts. Government offices are exempt from this holiday. Also Read: Andhra Pradesh public holidays 2025 announced: Check Andhra Pradesh state government holiday list for 2025

20.12 / 04:59

Software Boxing Moodys film show stars reports Why PVR INOX pulled 'Pushpa 2' starring Allu Arjun and Rashmika Mandanna from theaters

PVR INOX has reportedly removed Pushpa 2 from its theatres following an argument. Film industry tracker Manobala Vijayabalan yesterday in a post on X claimed, «Pushpa 2 was removed from all PVR INOX chains in North India from tomorrow». However, later he said that the issue has now been resolved and that shows are 'opening slowly one by one'.

19.12 / 05:17

markets ETF Strategy Software Moodys Experts Year-ender 2024: Mutual funds raise over Rs 1 lakh crore via 205 NFOs; sectoral and index funds top contributors

Mutual funds were busy launching new fund offerings or NFOs in 2024. Fund houses launched a record number of 205 mutual fund schemes in the said period. This includes active and passive, open- and close-ended mutual funds in both equity and debt segments. The number does not include the schemes launched in December. (Source: AMFI) Around 205 mutual fund NFOs were floated in the market in 2024 which together collected Rs 1.04 lakh crore. Around 198 open-ended funds collected Rs 1.03 lakh crore whereas seven fixed term plans which are close-ended funds collected Rs 954 crore in the said period. Also Read | Year-ender 2024: Top 10 equity mutual funds of the year. Do you have any?

17.12 / 15:53

markets Digital Strategy Software Moodys Research Department Preparing for future warfare, Indian defence forces looking to expand space assets, manpower

Indian defence forces are aiming to expand their assets in space and bolster the strength of the agencies responsible for these tasks. A detailed presentation was recently made by the Department of Military Affairs (DMA) to senior Defence Ministry functionaries in the presence of service chiefs and key stakeholders from the Indian Space Research Organisation (ISRO) and the Defence Research and Development Organisation (DRDO). Government officials told that the defence forces are focusing on enhancing the number of space-based assets and the necessary ground infrastructure to support them.

17.12 / 09:53

markets Software Sustainability PwC Moodys Schools From the first to the longest: Fascinating trivia about India's Union Budget

16.12 / 08:11

markets Merit Software Moodys Experts Justice Courts Gujarat properties law: Presumption of constitutionality attached to every enactment, says Supreme Court

Supreme Court on Monday said and dismissed a plea against a Gujarat High Court order refusing to suspend certain provisions of a 1991 state law over properties in disturbed areas. While hearing the challenge, Justices Dipankar Datta and Prashant Kumar Mishra, asked, «How can, by an interim order, certain provisions be suspended?» «There is a presumption of constitutionality attached to every enactment,» it observed. The high court on October 28 rejected an application seeking suspension of certain provisions of the Gujarat Prohibition of Transfer of Immovable Property and Provisions for Protection of Tenants from Eviction from Premises in the Disturbed Areas Act, 1991.

13.12 / 15:29

markets COST Manufacturing Software awards Moodys stage Ambuja Cements commissions 200 MW solar power project in Gujarat

Ambuja Cements, part of Adani Group firm, on Friday announced the commissioning of a 200 MW solar power project in Khavda, Gujarat, to supply green power to 20 cement plants. The Khavda project is part of Adani Cements' plan to have 1 GW of renewable power from solar and wind projects, along with 376 MW from WHRS (Waste Heat Recovery Systems). «The balance 806 MW capacity from this project is at various stages of commissioning and expected to start transmitting in phases between March 2025 and June 2025,» said a statement.

13.12 / 15:29

markets Citi Software PwC Moodys Schools rights Reliance Industries acquires 74% stake in Navi Mumbai IIA for Rs 1,628 crore

Reliance Industries Limited (RIL) on Friday announced the acquisition of a 74% equity stake in Navi Mumbai IIA Private Limited (NMIIA) for Rs 1,628.03 crore. The deal, approved by RIL's Board of Directors on December 11, 2024, was completed following consent from the City and Industrial Development Corporation of Maharashtra Limited (CIDCO), which waived its rights of first refusal on December 12, 2024. As part of the transaction, RIL acquired 57.12 crore equity shares of NMIIA at Rs 28.50 per share, the company stated in a release on the exchanges.

12.12 / 17:35

Cooper Strategy Software Moodys RAI Videos India and Thailand to explore co-production of military hardware

Defence Dialogue held in New Delhi. A key member of the 10-nation ASEAN (Association of Southeast Asian Nations) grouping, Thailand is seen by India as a crucial strategic partner in the Southeast Asian region. «Both sides agreed for early establishment of joint working group to effectively steer and monitor the cooperation in the areas of defence industry,» the defence ministry said.

11.12 / 15:27

COST Citi Digital Fox Moodys Experts Department Mechanic shortage persists as workers age out of profession

Two Jersey City dealership owners told Fox News Digital they are not fully convinced EVs should be the only vehicle in the household.

10.12 / 23:03

FIVE CRA Moodys Bill performer inclusion Updates Five options for how the proposed capital gains inclusion rate increase could play out

Finance Minister Chrystia Freeland says she will deliver the overdue fall economic statement on Monday, just a day before the House of Commons’ last sitting day of Dec. 17. Why the delay? I’m not buying the lame stated excuse that filibusters have been the cause. Instead, this is a continuing display of this government’s overall incompetence.

09.12 / 04:51

markets Strategy Software Moodys PAM social Schools Climate-vulnerable countries push for credit rating overhaul

The U.N. meeting in New York is the second of four to set goals for a major finance conference in Spain next year, where heads of state will look to step up efforts to meet the world's climate and sustainability targets. At the forefront of the talks are 39 so-called Small Island Developing States (SIDS) — including Cuba, Haiti, Fiji and the Maldives — that are bearing the brunt of increasing tropical storms, flooding, erosion and rising sea levels.

09.12 / 04:05

markets Digital Sustainability Moodys Research reports Schools Repair work for Puri Jagannath temple's 'Ratna Bhandar' likely to start from Dec 16

Archaeological Survey of India (ASI) is likely to start repair work for the 'Ratna Bhandar' of the Jagannath temple in Odisha's Puri from December 16, an official said. The ASI has sought approval from the Niti sub-committee of the temple for the proposed repair work, ASI superintendent D B Garnaik said on Sunday. «After getting the time slot, we will start the work, most probably from December 16,» he said. Earlier, the ASI had conducted the GPR-GPS survey of the 12th-century shrine's 'Ratna Bhandar' (treasury) with the assistance of the Hyderabad-based National Geophysical Research Institute.

09.12 / 04:05

markets COST Digital Sustainability Moodys country Schools How China became the world's largest car exporter

President-elect Donald Trump has promised to impose new tariffs on China. Many countries, including the United States, already levy extra tariffs on China's electric vehicles. But with all of the advantages China wields in automaking, this pushback is unlikely to undercut China's dominance. China's home market for car sales is the world's largest — almost as big as the U.S. and European markets combined.

08.12 / 15:09

markets Software PwC Moodys President Schools Interviews Donald Trump says he will not try to replace Federal Reserve's Jerome Powell

Donald Trump said in an interview aired on Sunday he will not try to replace Federal Reserve Chair Jerome Powell upon taking office in January. «No, I don't think so,» Trump said in an interview on NBC News' «Meet the Press with Kristen Welker.» He told Welker when asked if he would seek to replace Powell, who he has sparred with in the past over interest rate levels, «I think if I told him to, he would. But if I asked him to, he probably wouldn't.»

08.12 / 13:09

markets Citi PwC Moodys reports Schools Delhi's air quality deteriorates after a week, AQI crosses 300

The 24-hour average Air Quality Index (AQI) of the city was recorded at 302 at 4 pm on Sunday, marking a deterioration compared to Saturday's reading of 233 (poor' category). Of the 38 air quality monitoring stations in the city, 23 reported air quality in the 'very poor' category on Sunday, compared to only two on Saturday.

08.12 / 10:09

Provident Software Moodys social donates Courts Kerala govt 'failed' to utilise central funds for Wayanad rehabilitation, alleges BJP

Wayanad landslide survivors and carrying out «fake propaganda» against the union government. The saffron party said that the Narendra Modi government has provided sufficient funds to Kerala through the State Disaster Response Fund (SDRF) and the the National Disaster Response Fund (NDRF). «The Pinarayi government is sitting on available funds and blames the Centre,» senior BJP leader and Union Minister Prakash Javadekar alleged in a social media post. In a hard-hitting X post, he said the Centre has allocated over Rs 500 crore for this purpose through SDRF, which already has a balance of approximately Rs 700 crore.

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