Downgrade Warning
S&P affirms negative outlook on India, says chances of downgrade remain
Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chance of a ratings downgrade over the next 12 months, a statement said on Friday. Full Article
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MARKET EYE-India's Financial Tech, MCX fall on banking bill issue
* Shares in Financial Technologies (India) Ltd and Multi Commodity Exchange of India Ltd (MCX) fall after the government said it would drop a controversial clause from a banking bill pending in parliament that would have allowed banks to trade in commodity futures. * Traders say if the bill was approved in its original form it would have led to additional trading volumes in the commodity market and would have been positive for both companies. * Financial Technologies shares down 1.2 percent and MCX shares down 0.8 percent. (manoj.dharra@thomsonreuters.com)
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