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New Delhi, Apr 9 (PTI) The World Bank has marginally raised India's growth projections for 2026-27 fiscal to 6.6 per cent and said that although GST rate cuts would boost consumer demands in the initial months of the fiscal, headwinds arising from the Middle East crisis could dent growth. The FY27 projection compares with estimates of 6.9 per cent by the RBI, 6.1 per cent by the OECD, and 6 per cent by Moody's Ratings. In its South Asia Economic Update report released on Wednesday, the World B ...Read More >
Kolkata: On Wednesday, the World Bank has raised India's GDP growth rate projection for FY27 to 6.6%. This constitutes an upward revision that comes amid the West Asia crisis. In January, in its Global Economic Prospects report, the World Bank projected that India's GDP will grow by 6.5% in FY27. The rate of GDP growth in India has been pegged at 6% by Moody's and 6.1% by OECD (Organisation for Economic Co-operation and Development). The common factor for each of these organisations was the impa ...Read More >
Moody's Ratings has slashed India's economic growth estimates for the current fiscal to 6% from 6.8% earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks. In its credit opinion report on India, Moody's said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs, and spillovers to food inflation through India's reliance on imported fertilisers. Moody' ...Read More >
New Delhi, Apr 8 (PTI) The World Bank on Wednesday marginally raised India's growth projections for the 2026-27 fiscal to 6.6 per cent and said although GST rate cuts would boost consumer demands in the initial months of the fiscal, but headwinds from the Middle-East crisis could dent growth. The FY'27 projection compares with 6.9 per cent estimated by the Reserve Bank of India (RBI), 6.1 per cent by the OECD and 6 per cent by Moody's Ratings. In its South Asia Economic Update report, the Worl ...Read More >
MUMBAI: International rating agency Moody's has retained the Baa3 (BBB-) sovereign credit rating for the country with stable outlook, but has warned that Iran war could moderate growth to just about 6% this fiscal and raise inflation risks. The stable outlook incorporates the gradually improving fiscal metrics since emerging from the pandemic and resilient growth prospects compared with peers. However, fiscal accommodation in the context of the uncertain global macroeconomic outlook, including ...Read More >
New Delhi: Moody's Ratings has lowered India's GDP growth forecast for FY27 to 6 per cent from 6.8 per cent earlier, citing the economic fallout of the ongoing West Asia conflict. In its latest credit opinion, Moody's warned that prolonged disruptions, especially in liquefied petroleum gas (LPG) supplies, could trigger household shortages, raise fuel and transport costs, and spill over into food inflation due to India's dependence on imported fertilisers. The region accounts for nearly 55 per ...Read More >
NEW DELHI: Moody's Ratings has slashed India's economic growth estimates for the current fiscal to 6% from 6.8% earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks.In its credit opinion report on India, Moody's said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs, and spillovers to food inflation through India's reliance on imported fertilisers ...Read More >
New Delhi, April 5: Moody's Ratings has slashed India's economic growth estimates for the current fiscal to 6 per cent from 6.8 per cent earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks. In its credit opinion report on India, Moody's said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs, and spillovers to food inflation through India's relia ...Read More >
New Delhi: Global rating agency Moody's Ratings slashed India's economic growth estimates for the current fiscal to 6 per cent from 6.8 percent earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks as well. "While inflation remains contained for now, geopolitical risks have tilted the inflation outlook to the upside," Moody's said in its credit opinion report on India, while projecting inflation to average 4.8 per cent in FY27, up from 2.4 per ...Read More >
New Delhi: Moody's Ratings has slashed India's economic growth estimates for the current fiscal to 6 per cent from 6.8 per cent earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks. In its credit opinion report on India, Moody's said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs, and spillovers to food inflation through India's reliance on imp ...Read More >
Mumbai: India's economic growth could slow and inflation may rise if crude oil prices remain elevated amid the ongoing West Asia conflict, according to a report by CareEdge Ratings. The report highlighted that if crude oil prices average around USD 100 per barrel, India's GDP growth for FY27 could decline to 6.5 per cent. At the same time, inflation is expected to rise above 5 per cent, reflecting the impact of higher energy costs on the economy. Also Read: India's economy shows early strain; ...Read More >
New Delhi, Mar 11 (PTI) India's state-owned oil marketing companies - Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited - are under pressure from rising global crude and gas prices, limited domestic fuel price pass-through, and dependence on imported energy, global rating agencies said. India imports 88 per cent of its crude and nearly half its natural gas, with 30-55 per cent of supplies passing through the Strait of Hormuz. Strat ...Read More >
New Delhi, Mar 11 (PTI) State-owned fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) absorbing the impact of elevated global energy prices will lead to heightened margin and cash-flow volatility, Moody's Ratings said on Wednesday. "Domestic retail prices of fuels have remained largely steady since April 2022, despite swings in global oil and gas prices and the country's high dependence on imports," Moody's said i ...Read More >
New Delhi, Nov 13 (SocialNews.XYZ) India is expected to remain the fastest-growing economy among the G20 nations with a growth rate of 6.5 per cent through 2027, despite the Donald Trump administration's tariff hikes, according to Moody's latest 'Global Macro Outlook report for 2026-27'. The report states that the pace of India's growth will be supported by robust infrastructure investment, strong domestic consumer demand, and export diversification. "Indian exporters, facing 50 per cent US ta ...Read More >
New Delhi: Demand at India's top carmakers saw a sharp spike after cuts in goods and services tax (GST) rates late in September coincided with the Navratri to Diwali festive season sales when companies recorded double-digit growth. The good news for the industry now is that there are early signs that the momentum will likely remain strong in the months and quarters ahead, top carmakers and industry veterans said. Tata Motors Passenger Vehicles Ltd expects 7-8% growth in the industry's sales be ...Read More >
New Delhi, Oct 1 (PTI) Mining conglomerate Vedanta Resources has raised USD 500 million through the sale of a seven-year US dollar-denominated bond issue, which was oversubscribed three times. Vedanta Resources Finance II plc, a subsidiary of Vedanta Resources, said in an exchange filing that its USD 500 million bond issue attracted bids exceeding USD 1.6 billion, more than triple the issue size. The net proceeds from the offering will be used to repay existing debt and for general corporate p ...Read More >
New Delhi, Sep 30 (SocialNews.XYZ) LG Electronics India is set to hit the primary market as its initial public offering (IPO) will open for subscription on October 7. The anchor book will open for a day on October 6, followed by the public subscription window between October 7 and 9. The South Korea-based promoter, LG Electronics Inc., will divest up to 10.18 crore equity shares through an offer-for-sale (OFS) route. The IPO will not include any fresh issue of shares. Since the issue is entir ...Read More >
MUMBAI: Vedanta Resources (VRL), the London-based parent of Mumbai-listed resources company Vedanta, plans to raise $500 million through seven-year dollar bonds to refinance a costly private credit facility, further paring debt and simplifying its capital structure. The senior notes, issued via Vedanta Resources Finance II, will be guaranteed by parent VRL and subsidiaries including Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The deal, launched under Rule 144A/Reg S, ...Read More >
MUMBAI: Vedanta Resources (VRL), the London-based parent of Mumbai-listed resources company Vedanta, plans to raise $500 million through seven-year dollar bonds to refinance a costly private credit facility, further paring debt and simplifying its capital structure. The senior notes, issued via Vedanta Resources Finance II, will be guaranteed by parent VRL and subsidiaries including Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The deal, launched under Rule 144A/Reg S, ...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 >
Bengaluru, 29 September 2025: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India's first gold-backed credit line accessible through the Unified Payments Interface (UPI). This innovative product is designed to unlock the economic potential of gold assets, especially for micro, small and medium enterprises (MSMEs), self-employed entrepreneurs and merchants across both urban and rural India. Credit on UP ...Read More >
MUMBAI (Reuters) -A wholly-owned subsidiary of Vedanta Resources plans to raise funds through sale of seven-year U.S. dollar-denominated bonds, two merchant bankers said on Monday. Vedanta Resources Finance II could look to raise around $750 million through these bonds over the next few days, which will have a call option at end of two years, the added. The proceeds will be used to repay a private credit facility, and any additional proceeds will be used to repay other debts and for general co ...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 >
New Delhi: The national capital recently witnessed two launches within weeks of each other. On 11 August, Elon Musk's Tesla had a lowkey launch for its second showroom in India, in Delhi's Aerocity. The global brand had only one model on display with a small crowd in attendance. On 6 September, a stone's throw away from Tesla's showroom, VinFast Auto Ltd, a little-known Vietnamese brand, made a much bigger splash. In a large ballroom that could easily hold more than 100 people, the company's le ...Read More >
Aug 25 (Reuters) - Credit-rating firm Fitch maintained India's sovereign rating at 'BBB-' on Monday, citing levels of fiscal deficits and debt that are still high, crushing the government's hopes for a lift in ratings by all three major providers. This month, S&P upgraded India to 'BBB', its first such upgrade in 18 years, prompting the government to respond that it expected other rating houses to follow suit. Fitch has rated India at 'BBB-' since 2006, while Moody's has retained its 'Baa3' ra ...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 >
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