Moody’s withdraws Reliance Communication’s corporate family rating on ‘default’

Moody’s Investors Service has withdrawn debt-laden Reliance Communications’ corporate family rating, citing a missed scheduled payment related to the company’s dollar bond. “Moody’s has today withdrawn Reliance Communications’ (RCom) Ca corporate family rating (CFR) and its negative outlook. At the same time, Moody’s has also withdrawn the Ca rating on RCom’s senior secured notes,” a Moody’s statement said. According […]


Pakistan SC accepts Nawaz Sharif family’s plea against disqualification in Panama Papers scandal

Islamabad: Pakistan’s Supreme Court on Tuesday accepted a plea to form a five-judge bench to hear the review petitions of ousted prime minister Nawaz Sharif, his children, son-in-law and Finance Minister Ishaq Dar challenging his disqualification in the Panama Papers scandal. The separate petitions were filed by Sharif and his family against the judgement on […]

North East

Five PLA militants killed in Manipur

Imphal: Five militants of the banned People’s Liberation Army (PLA) were killed in an exchange of fire between NSCN-IM and PLA at Makan in Manipur’s Kamjong district on Tuesday, police said. The incident took place at about 5.30 am near the Indo-Myanmar international border, 53 km away from Kasom Khullen police station, they said. Details […]