Top headlines:India gets intranasal Covid vax; Moody's retains India rating

The global ratings agency said it will maintain its long-term sovereign debt credit rating and outlook on Asia's third largest economy

Moody's
BS Web Team New Delhi
2 min read Last Updated : Sep 06 2022 | 4:41 PM IST
Moody's retains India rating and outlook, days after cutting GDP forecast

Days after Moody’s cut its gross domestic product (GDP) forecast for financial year 2022-23 (FY23) after the official GDP print for the June quarter came in lower than expectations, the global ratings agency said it will maintain its long-term sovereign debt credit rating and outlook on Asia’s third largest economy.

“The credit profile of India reflects key strengths, including its large and diversified economy with high growth potential, a relatively strong external position, and a stable domestic financing base for government debt,” Moody’s said on Tuesday. Read more

Bharat Biotech's intranasal Covid vaccine gets DCGI's nod for emergency use

The Drugs Controller General of India (DCGI) on Tuesday approved Bharat Biotech's intranasal Covid vaccine for restricted emergency use in those aged above 18 years.

"Big Boost to India's Fight Against COVID-19! Bharat Biotech's ChAd36-SARS-CoV-S COVID-19 (Chimpanzee Adenovirus Vectored) recombinant nasal vaccine approved by @CDSCO_INDIA_INF for primary immunization against COVID-19 in 18+ age group for restricted use in emergency situation," Union Health Minister Mansukh Mandaviya tweeted. Read more

Suresh Raina retires from all formats of cricket, including IPL

Indian cricketer Suresh Raina has announced his retirement from all formats of cricket, which effectively means he will no longer play in the Indian Premier League (IPL), as the 35-year-old had already ended his international cricket on August 15, 2020, hours after Mahendra Singh Dhoni decided to call it a day.

Reports suggest that Raina's decision to retire "from all formats of cricket" is a move to open avenues for him to play in tournaments such as the Road Safety Series and the mushrooming overseas T20 leagues. Read more

Cyrus Mistry cremated in Mumbai; Ratan Tata's stepmother attends funeral

Cyrus Mistry, the former Tata Sons chairman who was killed in a road accident earlier this week, was cremated in the financial capital on Tuesday.

The funeral at central Mumbai's Worli crematorium was attended by members of the closely knit Parsi community, some business leaders and politicians. Read more

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Coronavirus VaccineMoody'sCyrus MistryRatan TataSuresh Raina

Next Story