Upgrade

The Asian lender projected the economy to grow faster at 7.2% in FY26; inflation to decline to 4.6% in FY25 and 4.5% in FY26

Cipla stock rating upgraded to ‘buy’, Motilal Oswal cites multiple growth levers

MOFSL also pegs strong mid-teens PAT and sales CAGR for Cipla over FY23-25, backed by the company's sustained growth across markets.

Maruti Suzuki upgrades its entire model range to conform to stricter emission norms

All company hatchbacks, sedans, MPVs, SUVs and commercial vehicles are now compliant with the new BSVI Phase-II real driving emissions (RDE) regulations, alongside being compatible with E20 fuel as well, the auto major said in a statement.

Ethereum upgrade to unlock over $30 billion in crypto tokens

Known as Shapella, the latest upgrade to the Ethereum blockchain will enable investors to redeem an offshoot of ether tokens that they have deposited in return for interest on the blockchain network over the past three years.

IKEA Foundation to sustainably upgrade 25,000 primary health facilities in India

The programme will add 100MW of solar energy capacity, has received initial funding of 48 million Euro from the IKEA Foundation, said a joint statement.

Indian govt portal upgrade may halt new debt issues

According to a notification from the Ministry of Corporate Affairs, the website companies use for electronic filings will not be available from January 7 to January 22.

Delhi govt approves project to upgrade Ghonda sewer pumping station

The project worth Rs 16.65 crore is likely to benefit thousands of residents of northeast Delhi, including that of Bhajanpura and Yamuna Vihar.

DLF Limited gets rating upgrade from ICRA

ICRA  upgrades credit rating of DLF Limited to AA- with Stable Outlook.

A first in 16 months: More debt upgrades than downgrades

Rating agencies had gone into a downgrading overdrive in December, the month after the government decided to do away with 86 percent of the currency in circulation.

JPM ups Yes Bank price target, says stock at discount to peers

JP Morgan feels Yes Bank's model of structured lending and aggressive monitoring and recoveries helps it avoid credit losses even when lending to weaker corporates and sectors

Citi ups Sensex target to 28,800; constructive on macro,earnings

Citi expects an earnings growth of roughly 14 percent for this fiscal year

Goldman ups Maruti target;bets on these 2 models to drive growth

Goldman Sachs says Maruti has strategically lowered production of Swift and DZire in favor of Baleno, thereby reducing the discount pressure on the Swift twins. Also, Goldman is guiding for steep Brezza ramp up given it is produced in the relatively less busy Gurgaon plant

HSBC upgrades India rating as hype gone; lists 8 stocks it likes

In sectoral ratings, HSBC has upgraded IT to overweight citing realistic earnings expectations and reasonable valuations and upgraded industrials (capital goods, engineering) to neutral, citing signs of recovery

ICICI Bank up 8% on Credit Suisse booster, provision rule tweak

The new rule on provisioning is expected to boost fourth quarter earnings of non-performing asset (NPA) saddled banks. Credit Suisse sees some relief for corporate lenders because of the stabilsing of the steel cycle.

Moody's downgrades IDBI Bank's baseline credit profile

IDBI's buffers against further asset quality stress remain weak. Its core tier 1 of 7.29 percent at end March 2015 is low on an absolute level.

India‘s growth to outperform similarly rated peers: Moody's

Moody's said India‘s credit profile will improve if policies address weaknesses in its fiscal metrics and banking system

India rating may be upgraded when GDP hits 8%: Rangarajan

After Moody‘s upgraded India‘s ratings outlook from stable to positive, while reaffirming its rating at Baa3, former Reserve Bank of India governor and former prime minister economic advisor C Rangarajan said rating agencies would be “compelled” to upgrade the country‘s ratings once GDP growth hits 8 percent.

Outlook upgrade signals govt moving in right direction: CEA

In an interview to CNBC-TV18, Chief Economic Advisor Arvind Subramanian shares his views on Moody's outlook upgarde and the road ahead for the economy.

Moody's ups India's rating outlook to positive from stable

Moddy's said there was increasing probability that actions by policy makers will enhance the country‘s economic strength, and by extension, the sovereign‘s financial strength over coming years

CLSA ups L&T price target; says co good capex revival play

With L&T bagging around Rs 21000 crore of orders in the March quarter, CLSA expects it to meet the lower end of its 15-20 percent order flow guidance for FY15

Citi upgrades Just Dial to buy, but cuts EPS, price targets

The brokerage, however is skeptical on the company‘s e-commerce business due to Just Dial‘s reluctance to invest and market aggressively, which holds it from gaining user traction

No India rating upgrade yet; see FY16 GDP at 5.5%: Moody's

Atsi Sheth, senior vice president -sovereign risk group, Moody's says any hope of an Indian rating upgrade hinges on fiscal consolidation. Moody‘s currently has a Baa3 rating on India with a stable outlook.

Aban upgade on positive industry & co developments: CARE

P Sudhakar, additional general manager, CARE Rating, says the steps taken by the company to improve its balancesheet by raising equity aids the decision to upgrade the company.

Foreign brokerages expect upgrade in India's credit outlook

There is a 'compelling' case for an upgrade of India's sovereign rating outlook, two brokerages said today with one of them anticipating the revision in 2017.

JP Morgan upgrades RIL to 'overweight'

The investment bank adds that company's September-quarter earnings came in line with consensus estimates, but with better petrochemical, refining performance and lower other income.