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Wednesday, June 3, 2020

Covid won't deter IndiGo from buying new jets

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THE ECONOMIC TIMESDaily Newsletter
Wed, Jun 03, 2020 | 05:41 PM IST
#Coronavirus#EconomyTracker#Whatsbuzzing
Top stories of the day
IndiGo will continue to add planes to its fleet despite Covid squeeze IndiGo will continue to add planes to its fleet despite Covid squeeze
The airline, the world's biggest customer for Airbus SE's best-selling A320neo jets, plans to return its entire fleet...
Service activity contracts again in May, PMI at 12.6
Google takes down Indian app that removed Chinese ones
Cyclone Nisarga: Mumbai airport suspends operations till 7 pm
Gartner sees India's IT spending falling by 8% in 2020
Retailers avoid discounting to meet social distancing norms
Situations Vacant: 12,000 jobs on offer in edtech
42 crore poor received aid of Rs 53,248 cr under PMGKP
Debate This
Is India guilty of taking rating agencies too seriously?
Moody's has downgraded India by a notch to Baa3. This almost-junk classification, which comes close on the heels of sub-optimal Q4 & FY20 GDP numbers, is being seen as a proof of the rating agency's disapproval of India's recent policy measures. A falling rating, coupled with virus trouble, can push the economy deep into the red. Is this downgrading fair on India?

Top Gainers

NSE
12 companies (largecap) appreciated more than 5%
Bank of India 12.22%
IDBI Bank 10.00%
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Top Losers

NSE
1 company (largecap) price decreased more than -5%
Adani Power -6.22%
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