Moody's Ratings affirmed Tata Motors' Ba1 corporate family rating with a positive outlook, while upgrading Jaguar Land Rover's (JLR) rating to Ba1. The upgrade reflects TML's strengthened credit profile through debt reduction and earnings growth. JLR's electrification efforts and TML's demerger plans are key factors influencing these ratings, with JLR expected to contribute over 90% of TML's EBITDA post-demerger.
NTPC loan agreement: NTPC has secured a $750 million foreign currency loan from Bank of Baroda and HDFC Banks IFSC units to fund capacity expansion, green energy projects, and refinance existing borrowings, marking a milestone in India's external commercial borrowings space.
In todays episode of Two Sharp, Nisha Poddar breaks down two top stories. An Air India Dreamliner crashed near Ahmedabad, killing 241 the first fatal 787 crash. Boeing shares slid nearly 5%, and the tragedy jolts Air Indias revival just as it was taking off.Meanwhile, Israels Rising Lion strikes killed IRGC chief Hossein Salami and hit nuclear sites in Iran. Oil surged 12% to $78, gold crossed 1 lakh, and markets tumbled. Analysts warn of inflation risks if tensions escalate.
A federal judge has blocked President Trump's attempt to overhaul US elections, siding with Democratic state attorneys general who argued the effort was unconstitutional. Trump's executive order aimed to mandate documentary proof of citizenship for voter registration and restrict acceptance of mailed ballots, conditioning federal election grants on adherence to the new ballot deadline.
JioBlackRock Mutual Fund has filed with Sebi to launch its third debt offeringJioBlackRock Overnight Fundfocused on overnight securities for low-risk, short-term income generation. The scheme offers a direct growth plan with minimum investment of 500.
