Indian Finance Ministry officials plan to pitch for a sovereign rating upgrade from Moody’s Investors Service when it meets with the firm, scheduled for September 28, media reported. Finance officials plan to provide details on how India will meet its budget targets for the current fiscal year, which runs through March, the people said, asking not to be identified as the details aren’t public

• GK Energy Rallies on Rs 235.92 Crore Solar Pump Order
• Cupid Hits Fresh 52-Week High on Rs 128 Crore Block Deal
• Ather Energy Slips Despite $200 Million Fundraise Buzz
• Shyam Metalics Slips Even as Q1 Volumes Surge
• Unihealth Hospitals Shares Hit 5% Upper Circuit on Plans to Raise Stake 

Moody’s cut India’s sovereign rating to Baa3 in June 2020, the lowest investment grade, citing policy challenges in addressing a prolonged economic slowdown and its deteriorating fiscal position. Neither the finance ministry nor Moody’s responded to requests for comment. S&P Global Ratings in May said it sees no change in India’s sovereign rating for the next two years.