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S&P Global Ratings warns that rising crude oil prices and potential government intervention could squeeze the profit margins of Indian oil marketing companies like IOC, BPCL, and HPCL, impacting consumers and the energy sector. Illustration: Uttam Ghosh Key Points * S&P Global Ratings predicts potential margin squeeze for Indian oil marketing companies due to rising crude oil prices. * Geopolitical tensions and the Strait of Hormuz closure contribute to crude oil price volatility, impacting ...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, Oct 26 (PTI) Life Insurance Corporation of India's investment in Adani group companies may be under the spotlight, but recent data shows that some of the largest investments in entities controlled by billionaire Gautam Adani have come not from the state insurer but from major US and global insurers. In June 2025, a month after USD 570 million (Rs 5,000 crore) investment by Life Insurance Corporation (LIC) in Adani Ports & SEZ, US-based Athene Insurance led a Rs 6,650 crore (USD 750 m ...Read More >
New Delhi [India], October 1: Festivals are more than celebrations; they are also about creating unforgettable moments with family and friends. Some of these precious moments with our loved ones are enjoyed together, in front of a TV. These could include watching a classic film together, enjoying a live garba stream, or simply watching festive specials. A high-quality television would surely elevate this experience. And this festive season, upgrading to a smart, feature-rich TV is easier than ev ...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 (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 >
VISAKHAPATNAM: The depression over northwest and adjoining west-central Bay of Bengal and north Andhra Pradesh - south Odisha coasts moved north-north-westwards and crossed South Odisha coast close to Gopalpur during early morning of Tuesday and lay cantered over south coastal Odisha. Weatherman said it was likely to move north-westwards across south Odisha and south Chhattisgarh and weaken into a well-marked low-pressure area during next few hours. Under its influence, thunderstorms accompani ...Read More >
- India's economic growth momentum remains strong and resilient, even in the face of rising US tariffs, according to S&P Global Ratings. In a major vote of confidence, the global rating agency upgraded India's long-term sovereign credit rating from 'BBB-' to 'BBB' with a stable outlook -- marking the country's first upgrade in 18 years. S&P attributed the upgrade to strong domestic demand, fiscal consolidation, and accommodative monetary policy. It forecast India's economy to grow at an average ...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 >
NEW DELHI: S&P Global Ratings on Thursday raised India's long-term sovereign credit rating to BBB from BBB-, citing stronger macroeconomic fundamentals, including economic resilience, sustained fiscal consolidation, and a policy environment conducive to controlling inflation. The upgrade moves India one notch higher within the investment-grade category, a shift that could lower borrowing costs and lift investor sentiment. S&P said continued reforms, fiscal discipline, and infrastructure invest ...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 (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 >
India's top 10 merchandise export destinations in 2024 list: Together, the top 10 countries notably make up 51% of India's total share of merchandise export percentage in 2023-24, with the US leading at 17.90%, India's top 10 merchandise export destinations in 2024: Amid rising global economic instability, marked by trade conflicts and tariff disputes, India's exports have reached USD 778.21 billion in 2023-24. It saw a historic rise of 67 per cent over the past decade (2013-14), according to ...Read More >
New Delhi [India], August 14 (ANI): The credit-to-deposit ratio in Indian banks has stayed below 80 per cent as credit offtake in the country continues to lag, according to a report by CareEdge Ratings. The report highlighted that while both credit offtake and deposit growth have increased sequentially, they remain significantly lower than the levels seen last year. Deposits continued to outpace credit offtake in the current fortnight, leading to a narrowing of the credit-deposit gap. It state ...Read More >
Shimla, Aug 14 (SocialNews.XYZ) Braving darkness, fast currents and unstable terrain, the Indian Army on Thursday said its swift response averted a potential tragedy when a sudden flash flood struck Hojis Lungpa Nala in Himachal Pradesh's mountainous Kinnaur district. The incident happened at around 7 p.m. on Wednesday. Triggered by a cloudburst in the higher reaches of the Rishi Dogri Valley, the deluge engulfed the bridge across the Sutlej River and injured one individual. The site was an ac ...Read More >
New Delhi: Trump tariffs will not have any impact on India's growth, as it is not a trade-oriented economy, and its sovereign ratings outlook will continue to remain positive, S&P Global Ratings Director YeeFarn Phua said on Wednesday. In May last year, S&P had upgraded the outlook on India's sovereign rating of 'BBB-' to positive, citing robust economic growth. On August 6, US President Donald Trump announced an additional 25 per cent tariff on all Indian imports, on top of an existing 25 per ...Read More >
New Delhi: The Supreme Court on Wednesday set aside an order of bail to Olympic medallist and wrestler Sushil Kumar in a 2021 murder case of former junior national wrestling champion Sagar Dhankar at the Chhatrasal Stadium in the national capital. A bench of Justices Sanjay Karol and Prashant Kumar Mishra noted the allegations in the FIR, which said the national capital was made into a "criminal playground" to settle scores with no regard for the law of the land, and directed Kumar to surrender ...Read More >
NEW DELHI: Trump tariffs will not have any impact on India's growth, as it is not a trade-oriented economy, and its sovereign ratings outlook will continue to remain positive, S&P Global Ratings director YeeFarn Phua said.In May last year, S&P had upgraded the outlook on India's sovereign rating of 'BBB-' to positive, citing robust economic growth. On Aug 6, US President Donald Trump announced an additional 25% tariff on all Indian imports, on top of an existing 25% duty, taking the total to 50% ...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 >
New Delhi, June 26 (SocialNews.XYZ) Domestic institutional investors (DIIs) have remained bullish on the Indian stock market through the first half of 2025, pouring in over Rs 3.5 lakh crore despite global uncertainties and market fluctuations. According to data from the National Stock Exchange (NSE), DIIs invested a total of Rs 3,54,861.75 crore in Indian equities between January 1 and June 25 this year. Remarkably, domestic institutions maintained consistent inflows throughout each month of ...Read More >
Washington, Jun 5 (PTI) Congress MP Shashi Tharoor, leading a multi-party delegation to the US, was Thursday asked a question by his journalist son whether government interlocutors sought evidence of Pakistan's culpability in the Pahalgam attack to which he replied India would not have conducted Operation Sindoor without convincing evidence. "That shouldn't be allowed. This is my son," Tharoor said laughing, during an interaction at the Council on Foreign Relations when his son Ishaan Tharoor, ...Read More >
New Delhi [India], June 4 (ANI): To meet the country's ambitious 500 GW target, India's renewable sector will need to double its annual capacity addition to 50 gigawatts (GW) over 2025-2030, S&P Global Ratings said in a report. This will mean almost doubling last year's capacity addition of 29GW. The global rating agency said capacity addition will require USD 175 billion and up to USD 150 billion for the expansion and strengthening of the transmission and distribution network. The next five ...Read More >
The Indian economy is set for resilient growth in 2025 on the back of strong urban consumption, steady service sector growth, and ongoing investment in infrastructure, S&P Global Ratings has said in its 'India Outlook for 2025' note. For the current financial year, the global ratings agency has retained its growth projection at 6.8%, and for FY26, it has projected growth to rise to 6.9%. S&P Global's FY25 growth forecast is 20 basis points (bps) higher than the Reserve Bank of India's (RBI) pro ...Read More >
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