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Labourers erect scaffolding at a construction site in Hyderabad

TEXT: S&P cuts India outlook to negative from stable
India's investment and economic growth have slowed, and its current account deficit has widened, resulting in a weaker medium-term credit outlook. - Standard & Poor's expects the government to face headwind in implementing policy measures to improve its fiscal and macroeconomic parameters in the near future, given the current unfavorable political environment. - We are revising the outlook on the long-term

Telecom stocks take a hit, cut losses later

A day after the telecom regulator proposed high spectrum prices, the shares of leading telecom operators tumbled in early trade. The losses were later cut on expectations the proposals might not be

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SBI to cut SME loan rates by 150-200 bps

Central Bank and Union Bank cut base rate to 10.5% State Bank of India (SBI), the country's largest lender, will reduce interest rate on loans given to small and medium enterprises by 150 to 200 basis

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There could be more surprises in the euro zone: Namdev Chougule

To ensure debt sustainability in the global context, more fiscal and structural measures are required, says Namdev Chougule, head – fixed income, JP Morgan Asset Management,

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SBI cuts deposit rates 25-100 bps

Within a month of raising its retail deposit rates, State Bank of India (SBI) has largely rolled those back. It has cut those rates by 25-100 basis points, following the changed policy stance of

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Commercial paper market returns to life after interest rate cut

Companies are thronging to the debt market to raise short-term funds as the market is offering attractive interest rate differential for both issuers and investors. There have been commercial paper

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