India regains 'stable' outlook from S&P on Modi reform agenda

(Reuters) - India regained its "stable" rating from Standard and Poor's on Friday, more than two years after an embarrassing downgrade, in a validation of Prime Minister Narendra Modi's ambitious agenda of economic and fiscal reforms.

Banking sector stress to affect construction equipment, commercial vehicle sectors: Fitch

MUMBAI: The stress in banking sector will spread to structured finances this year, and asset-backed securities of commercial vehicles and construction equipment will be among the worst hit, Fitch has said.

Singh Opens Economy to Spur Rupee as 10% Drop Seen: India Credit

Nov. 28 (Bloomberg) -- Prime Minister Manmohan Singh is taking further steps to open up India’s economy to support the rupee as HSBC Holdings Plc and CLSA Asia-Pacific Markets predict the currency may slide another 10 percent.