The saffron party is considered strong in urban seats, not only in Uttar Pradesh, but in large number of states. In 2014, BJP had won all of UP’s 14 urban seats
The RBI is scheduled to announce its sixth bi-monthly policy review for the fiscal on February 7. It would be the first Monetary Policy Committee meeting under RBI Governor Shaktikanta Das, who took charge in December 2018 following sudden exit of Urjit Patel.
"The recent developments surrounding former ICICI Bank chief executive Chanda Kochhar and the changing view of the bank's board affirms our view of the generally weak governance and transparency in the country's banking sector," it said in a note on Friday.
As part of its strategic plan to exit non-core markets and focus more on the fast-growing home market, Tata Steel Monday signed an agreement to sell 70 per cent stake each in its two Southeast Asian arms to the HBIS Group of China for around USD 480 million.
The People's Bank of China -- China's central bank -- said S&P Global's Beijing-based subsidiary has successfully registered and has received the green light to conduct bond rating in China's interbank bond market.
The India Today-Karvy Insights Mood of the Nation opinion poll forecasts BJP and an ally could plummet to just 5 from the 73 seats it won in 2014, if most opposition parties including the Congress, come together
"This is not a 'gathbandhan' (alliance) between the SP and the BSP but a 'thagbandhan',” he said about the seat-sharing pact recently announced by the two parties for the Lok Sabha polls.
At a press conference, BJP leader and Union minister Smriti Irani said the rally, which is expected to see the presence of a number of opposition leaders, "exposes" the saffron party's rivals as it suggest that they cannot fight it on their own.
"Forget past differences and ensure victory of all joint candidates of the SP and the BSP. This will be my ideal birthday gift," Mayawati said at a press conference here on the occasion of her 63rd birthday.
Nath was answering a question on Mayawati's concern over 100 per cent benefit to farmers under the scheme, including those who had borrowed from money lenders.
Some political observers believe that Congress being kept out is part of the Opposition’s strategy
Senior Congress leaders believe that fighting the polls alone in Uttar Pradesh would give the party a chance to rebuilt itself from scratch and help galvanise the cadre
"It reflects our assessment of an almost certain likelihood of extraordinary government support for IIFCL in the event of financial distress," the rating agency said in a note.
Responding to a query, the former Rajya Sabha member added that the Congress did not want division of votes against the BJP in the upcoming general elections.
"India continues to be an important part of S&P DJIs global growth strategy and we will continue to find ways to expand commercial activities in the country, look for strategic opportunities," an official statement said.
The agency said the bank remains in breach of its regulatory capital requirements following a loss in the second quarter of the current fiscal.
The move to place 'BB' long-term issuer credit rating on Tata Motors on CreditWatch with negative implication follows interim results which were weaker than expected, dragged down by Jaguar Land Rover, S&P said in a statement.
Spreads have widened, and short-term borrowing costs have spiked since Infrastructure Leasing & Financial Services (IL&FS), an infrastructure development and finance company with a high domestic rating, defaulted on loan repayments in August and September.
“We have asked S&P for a rating upgrade citing macro economic stability of the country,” the official said.
In its report titled 'The Worst Is Almost Over For India's Banks', S&P said the ratings on the banks are "more likely to be raised than lowered" in the next 2 years. But, weak risk management and internal-control practices limit the potential for considerable upside, it said.
"India's infrastructure deficit is simply too large to eliminate any time soon. Infrastructure takes time to build, and perhaps more so in India than for many other countries," S&P Global Ratings credit analyst Abhishek Dangra said.
Babbar stressed that the final decision on the alliance wit SP will be taken by the party high command which will be acceptable to party workers in the state and across the country.
Rajbhar told reporters that his will remain an ally of the ruling Bharatiya Janata Party up to 2024
Akhilesh said his party was open to compromising and contesting from select seats if that is what it takes to win against the BJP in the Lok Sabha elections next year
The former Uttar Pradesh chief minister's remark come amid reports that the Mayawati-led Bahujan Samaj Party (BSP) is demanding 40 out of the total 80 seats in the state for the next year general elections.