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NEW DELHI: Industrial output growth moderated in Aug, led by manufacturing, which eased during the month after a robust outcome in July. Meanwhile, mining rebounded after four months, and the electricity sector rose to a five-month high.Data released by the National Statistics Office (NSO) on Monday showed the index of industrial production (IIP) rose an annual 4% in Aug, slightly lower than the upwardly revised 4.3% in July. It recorded flat growth in Aug 2024.The slowdown in the manufacturing ...Read More >
New Delhi: Global rating agency Crisil on Monday projected India's gross domestic product (GDP) to grow 6.5 per cent this fiscal, amid rising private consumption and tax reforms. Rising private consumption should support industrial production. "So far, a copious monsoon, robust kharif sowing and benign inflation have supported the rural economy. The impact of excess rains on agriculture output will be monitorable. The urban economy will get a leg-up from lower lending rates, income tax relief ...Read More >
MUMBAI: The third major global rating agency Moody's Ratings has reaffirmed its Baa3 (BBB-) sovereign rating on the country and retained the outlook at stable, one month after rival Fitch also maintained the rating at the lowest investment-grade level. On the other hand, the largest agency S&P had on August 14 upgraded the country to BBB from BBB- for the first time in 18 years. "The rating affirmation of BBB- rating and stable outlook reflect our view that India's prevailing credit strengths i ...Read More >
Investing.com -- Moody's Ratings has affirmed the Government of India's long-term local and foreign-currency issuer ratings and local-currency senior unsecured rating at Baa3, maintaining a stable outlook. The rating agency also confirmed India's short-term local-currency rating at P-3. According to Moody's, the affirmation reflects India's credit strengths, including its large and rapidly growing economy, sound external position, and stable domestic financing base for ongoing fiscal deficits. ...Read More >
New Delhi, Sep 29 (PTI) Global rating Moody's on Monday affirmed India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at 'Baa3' with a 'stable' outlook on the back of robust economic growth and sound external position. The rating agency also affirmed India's other short-term local-currency rating at P-3. "The rating affirmation and stable outlook reflect our view that India's prevailing credit strengths, including its large, fast-growing ec ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) Moody's Ratings on Monday affirmed India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3. The global ratings agency has also maintained its outlook for India as stable. "The rating affirmation and stable outlook reflect our view that India's prevailing credit strengths, including its large, fast-growing economy, sound external position and stable domestic financing base for ongoing fiscal deficits, w ...Read More >
New Delhi, Sep 29 (PTI) Moody's Ratings on Monday affirmed India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3 with a 'Stable' outlook on the back of robust economic growth and sound external position. The global rating agency also affirmed India's other short-term local-currency rating at P-3. "The rating affirmation and stable outlook reflect our view that India's prevailing credit strengths, including its large, fast-growing eco ...Read More >
Mumbai, Sep 29 (SocialNews.XYZ) The three-day Reserve Bank of India's Monetary Policy Committee (MPC) meeting, starting Monday, is widely expected to hold its key policy rate at 5.50 per cent. However, a surprise cut cannot be ruled out amid US trade tariffs and low inflation, according to analysts. The RBI has cut rates by 100 basis points since the start of the year. The MPC meeting is scheduled from September 29 to October 1, where the central bank is expected to review interest rates. Cur ...Read More >
With uncertainty becoming a defining feature of the global landscape, the role of banks has become much more critical not just as custodians of savings but also as engines of growth, Finance Minister Nirmala Sitharaman said on Thursday. She noted that financial institutions play a crucial role in national infrastructure building and banks must maintain strong balance sheets to fund significant investments, meet the demand for credit, and provide innovative financial products and capital expendit ...Read More >
Bengaluru : As India's economy continues to expand, driven by rising consumption, increasing disposable incomes, and growing demand supported by lower interest rates, the country's leading companies -- sector leaders -- are uniquely positioned to capitalise on these emerging opportunities and shape the future of the economy. With the possibility of increased affordability through expected reductions in GST rates across a range of product categories, these companies not only drive economic growth ...Read More >
New Delhi, Sep 13 (SocialNews.XYZ) Lower headline inflation and reduced interest rates are set to extend broader support to domestic demand in the economy amidst global headwinds, a report has said. The headline inflation is now projected at 3.2 per cent in fiscal 2026, down from the earlier estimate of 3.5 per cent. This results in a 140 basis points (1.4 percentage points) decline in CPI inflation for this fiscal year, according to the report from ratings agency Crisil. "This sharp moderatio ...Read More >
Kolkata, Sep 12 (PTI) The Engineering Export Promotion Council (EEPC), India, has urged the government to provide support to absorb a part of the punitive tariff imposed by the US on engineering exports. It also requested the Centre to reinstate the Interest Equalisation Scheme (IES) and ensure affordable export finance. During a meeting with Reserve Bank of India Governor Sanjay Malhotra, EEPC India Chairman Pankaj Chadha stated that the engineering sector was under pressure due to the recent ...Read More >
Chennai: MSME exports who have been hit by the high US tariffs, are also facing challenges with their bank credit. MSMEs with US exposure are witnessing a downgrade in their credit rating after the 50 per cent tariff came into effect. As a result, MSMEs will end up paying higher interest rates besides providing substantial collateral. Several companies, especially MSMEs in the sectors which have a high exposure to the US, are currently facing a threat of credit rating downgrade. The external cr ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) India's economic expansion and its GDP growth are clearly on the right path despite geopolitical turbulence and tariff uncertainties, and this is showing in numbers too, economist Akash Jindal said on Thursday. Citing economic resilience and sustained fiscal consolidation, global credit ratings agency S&P Global has upgraded India's long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", ahead of the 79th Independence Day. Reacting to ...Read More >
New Delhi [India], August 14 (ANI): India has received its first sovereign credit rating upgrade in 18 years, with S&P Global Ratings raising the country long-term rating to BBB from BBB- and the short-term rating to A-2 from A-3, while keeping the outlook stable. The announcement, shared in a tweet by the Indian Ministry of Finance, marks a major milestone in the country economic journey. The Ministry of Finance said the rating improvement reaffirms that under Prime Minister Narendra Modi lead ...Read More >
New Delhi [India], August 14 (ANI): Foreign capital inflows into India are likely to accelerate following S&P recent credit rating upgrade, which is also expected to lower borrowing costs for the country, said Sonal Badhan, Economist at Bank of Baroda (BoB). In both the short and long term, foreign capital inflows can be expected to be impacted positively, as the upgrade reaffirms trust in India ound fundamentals and growth momentum. We are likely to see higher FPI inflows this year and a decli ...Read More >
MUMBAI, Aug 14 (Reuters) - S&P Global Ratings on Thursday upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-', the first upgrade in 18 years, citing strong economic growth, improved monetary policy credibility, and sustained fiscal consolidation. Fitch has rated India at 'BBB-' since 2006 while Moody's has had a 'Baa3' rating in place since June 2020. The upgrade follows S&P's decision in May 2024 to revise India's outlook to positive from stable, driven by robust growth an ...Read More >
MUMBAI (Reuters) -S&P Global Ratings on Thursday upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-', the first upgrade in 18 years, citing strong economic growth, improved monetary policy credibility, and sustained fiscal consolidation. Fitch has rated India at 'BBB-' since 2006 while Moody's has had a 'Baa3' rating in place since June 2020. The upgrade follows S&P's decision in May 2024 to revise India's outlook to positive from stable, driven by robust growth and better ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na ...Read More >
New Delhi, Aug 14 (PTI) S&P on Thursday upgraded India's sovereign credit rating to 'BBB' with a stable outlook after a gap of nearly 19 years, citing robust economic growth, political commitment for fiscal consolidation and 'conducive' monetary policy to check inflation. "India remains among the best performing economies in the world...The quality of government spending has improved in the past five to six years," S&P Global Ratings said. The impact of US tariffs on the Indian economy will be ...Read More >
New Delhi: S&P Global Ratings on Thursday upgraded India's sovereign rating by a notch to 'BBB', citing buoyant economic growth against the backdrop of an enhanced monetary policy environment that anchors inflationary expectations. S&P is the first global rating agency to upgrade India's sovereign rating from the lowest investment grade of 'BBB-'. "India is prioritising fiscal consolidation, demonstrating the government's political commitment to deliver sustainable public finances, while maint ...Read More >
NEW DELHI: A 50-year-old man died and his daughter was injured on Thursday morning when a tree fell on them while they were riding a motorcycle in southeast Delhi's Kalkaji area amid heavy rainfall in the national capital. According to a senior police officer, around 9:50 am, an old roadside Neem tree suddenly fell in front of HDFC Bank near Paras Chowk, Kalkaji. Two people a motorcycle trapped under it. They have been identified as Sudhir Kumar and his daughter Priya (22). Upon recieving info ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Citing economic resilience and sustained fiscal consolidation, global credit ratings agency S&P Global on Thursday upgraded India's long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", ahead of the 79th Independence Day. In a note, S&P Global said the stable outlook reflects continued policy stability and high infrastructure investment, which are set to boost India's long-term growth. "That, along with cautious fiscal and monetary p ...Read More >
New Delhi, Aug 14 (PTI) S&P Global Ratings on Thursday upgraded India's sovereign rating by a notch to 'BBB', citing buoyant economic growth against the backdrop of an enhanced monetary policy environment that anchors inflationary expectations. S&P is the first global rating agency to upgrade India's sovereign rating from the lowest investment grade of 'BBB-'. "India is prioritising fiscal consolidation, demonstrating the government's political commitment to deliver sustainable public finances ...Read More >
MUMBAI, Aug 14 (Reuters) - Credit rating agency S&P Global upgraded India's long-term unsolicited sovereign credit ratings to "BBB" from "BBB-" on Thursday, citing economic resilience and sustained fiscal consolidation. The agency had revised the outlook on India's rating in May last year to positive from stable on robust growth and improved quality of government expenditure. "The upgrade of India reflects its buoyant economic growth, against the backdrop of an enhanced monetary policy environ ...Read More >
The Reserve Bank of India (RBI) is widely expected to keep policy rates unchanged this week, showed an ET poll of economists, as monetary experts assess the economic fallout of the punitive 25% US tariffs and await clarity on the contours of a trade deal between New Delhi and Washington. The Reserve Bank of India (RBI) is widely expected to keep policy rates unchanged this week, showed an ET poll of economists, as monetary experts assess the economic fallout of the punitive 25% US tariffs and a ...Read More >
New Delhi, Jul 18 (PTI) Vedanta on Friday said rating agencies Crisil Ratings and ICRA have reaffirmed their credit ratings, underscoring continued confidence in the mining major's overall business stability. In a regulatory filing, Vedanta said ICRA Ltd has reaffirmed the company's credit ratings, underscoring continued confidence in Vedanta's overall business stability and healthy financial performance, healthy financial performance and strong adherence to corporate governance. Also Read | L ...Read More >
New Delhi, Jul 18 (PTI) Vedanta on Friday said rating agencies Crisil Ratings and ICRA have reaffirmed their credit ratings, underscoring continued confidence in the mining major's overall business stability. In a regulatory filing, Vedanta said ICRA Ltd has reaffirmed the company's credit ratings, underscoring continued confidence in Vedanta's overall business stability and healthy financial performance, healthy financial performance and strong adherence to corporate governance. Vedanta said ...Read More >
New Delhi, July 18 (UNI) Fitch Ratings said that the Reserve Bank of India's emphasis on liquidity reduced deposit pressure on Indian banks. It was stated in a report published on the theme 'Indian Banks Structural Deposit Pressures Ease on RBI's Liquidity Infusions'. The country's premier central bank, the RBI, showed its commitment to maintaining favorable liquidity conditions within the domestic economy. Fitch Ratings is a renowned American credit rating agency. It is officially authorized b ...Read More >
MUMBAI: India's Embassy Office Parks REIT is in talks with bankers to raise Rs 2,000 crore ($232.79 million) via the issuance of five-year corporate bonds, three sources aware of the matter said on Wednesday. The real estate investment trust will look to close the funding round before the end of this month, the sources said requesting anonymity as the talks are private. The debt sale could attract strong demand from mutual funds as well as some insurance companies, as the notes are rated 'AAA' ...Read More >
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