The move reflects S&P's view that domestic financial institutions in India will continue to improve their asset quality, benefiting from good economic prospects and structural improvements in the operating conditions.
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Adani Ports handled about 339 million metric tonnes (MMT) of cargo volume in fiscal 2023
As much as 12.1 GW of energy storage is likely to be added from now till 2030 against a target of 27 GW of battery and 10 GW of pumped storage by 2030
The lowest investment grade rating on India is issued by all three global credit rating agencies Fitch, S&P and Moody’s. The ratings are used by investors to gauge the country’s creditworthiness and influence borrowing...
Vedanta Resources is the parent company of Mumbai-listed Vedanta Ltd that declared a fifth interim dividend for 2022-23 fiscal last month
GDP is projected to rise to 6.9 per cent in the following two financial years -- 2024-25 and 2025-26 and rising to 7.1 per cent in 2026-27
S&P Global Ratings said Tata Motors' Indian operations should maintain their recent solid performance
Credit ratings issued by agencies present just one way of looking at a company's financial health and should not be seen as investment ideas in itself
The stable outlook reflects that AICTPL will maintain predictable cash flow with fully market-based pricing and volume over the next 12-24 months
The S&P Global India Manufacturing PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 400...
The global ratings agency's representative noted that the risk premium to certain Indian companies and those within the Adani umbrella may rise
The government is reportedly averse to Vedanta Resources' proposal to sell its international zinc assets for nearly USD 3 billion to Indian subsidiary...
The policy rate now stands at 6.25 per cent. The RBI's rate-setting panel - Monetary Policy Committee (MPC) - will decide on the interest rate on Wednesday
The revision comes on the back of the Hindenburg report alleging significant governance issues for the Adani Group that has triggered a sharp fall in Adani...
This is not the first time that an international research firm has put Adani Group in a tough spot
The Dow Jones Industrial Average fell 210 points, or 0.6 per cent, to 33,007. It is on track for a 9.4 per cent loss this year
S&P had in September projected the Indian economy to grow 7.3 per cent in 2022-23 and 6.5 per cent in next fiscal year (2023-24)
It expects the country's foreign exchange reserves to remain robust and current-account deficit (CAD) to be contained at a sustainable level and reach 3.4 per...
Growth eased in the second quarter across emerging markets as inflation reduced real household income, business confidence deteriorated, and the external...
Listing out inflation and the resultant measures by the US Fed as the main threat to the US economy, he said, the world's largest economy is headed towards...
Vedanta and its partner and Taiwanese electronics manufacturing giant Foxconn last week signed a pact with the Gujarat government for setting up a...
The rating agency also said that while Vedanta Resources still has some funds to raise, it has sufficient cash at its cash-rich India operating subsidiary...
This is despite an uneven economic recovery in India and macroeconomic challenges
The Indian equity market continued with its downhill rally into the second half of 2021. More than half of the active funds in the large-cap category and those...
The upgrades reflect rating agency's view that the credit profiles of the various Tata Group entities are strengthened by their importance to Tata Sons.
