Stock Markets Today Latest Updates: Sensex plunges over 450 points, Nifty below 9,000-mark at close; realty, auto, bank index decline
Stock Markets Today LIVE Updates: Sensex down over 600 points, Nifty down 185 points; Rupee slips 8 paise against dollar
Coronavirus Outbreak: S&P downgrades Tata Motors ratings, outlook stable; cites weaker-than-expected credit metric
S&P Global Ratings has downgraded Tata Motors to more vulnerable to non-payment grade 'B' citing weaker-than-expected credit metrics owing to the disruptions and economic impact from the coronavirus pandemic
Coronavirus impact: S&P cuts India's GDP growth forecast for FY21 to 5.2% from earlier estimate of 6.5%
S&P Global Ratings on Monday cut its estimate for India's GDP growth in the fiscal starting April 1 to 5.2 percent from its earlier estimate of 6.5 percent, as it saw the outbreak of coronavirus costing economies around the globe
Coronavirus pandemic: S&P lowers India's growth forecast to 5.2% in 2020, says global economy entering recession
S&P Global Ratings on Wednesday lowered India's economic growth forecast to 5.2 percent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic
Risk of contagion in Indian financial sector rising; failure of any large finance firm will adversely impact economic growth: S&P
The Indian financial sector is facing the rising risk of contagion and failure of any large finance company will adversely impact economic growth, S&P Global Ratings said in a report on Wednesday
Proposed Rs 70,000-cr capital infusion into public sector banks credit positive, to boost economy: S&P
The capital infusion will help some banks to come out of the central bank's prompt corrective action (PCA) and resume lending and clean up their balance sheets, she added.
Goods and Services Tax (GST) regime in India is not likely to reduce the deficits of state governments significantly, amid large and growing expenditure mandates for the social sector as well as capital spending, says a report
The rating agency said that there is a negative outlook, an indication of a rating downgrade, which looks at renewed competition
Global risks such as stability of commodity prices and demand from the US and China will have a greater influence on the fortunes of Indian companies than domestic demand in the next year or two, S&P said
RBI monetary policy: S&P expects central bank to cut interest rates on falling inflation, crude oil prices
Falling inflation and declining global crude oil prices have created space for the Reserve Bank of India to cut interest rates, S&P Global Ratings said
Govt tussle with RBI could undermine financial stability; Urjit Patel's exit from central bank credit negative: S&P
Terming the exit of Urjit Patel as credit negative, S&P Global Ratings said the increasing involvement of the government in the affairs of the RBI could undermine the hard-fought improvements in the banking system over the past few years.
Shares of Tata Motors fall as S&P cuts credit rating citing weaker-than-expected profitability at JLR
Shares Tata Motors declined as much as 3.2 percent to 170.10 rupees, with more than 4.1 million shares changing hands by 0440 GMT
With petrol and diesel prices scaling record highs, S&P Global Ratings on Monday said the government may opt to control retail fuel prices to cushion inflationary shocks.
India's weak banking system to strengthen over 2 years as capital base expanded by government's fund infusion: S&P
The government is working on a four-pronged strategy to improve the health of the banking sector: recognition, recapitalisation, resolution, and reform.
S&P expects Indian banks to accelerate bad loan recognition of the weak loans in the next few quarters.
"The Indian economy appears to be shaking off its post-GST implementation woes... Overall economic risks in India remain low, although risks from higher oil prices have reappeared," S&P said.
S&P said RIL's spending of Rs 13,700 crore on the spectrum purchase was much higher than anticipated and reflects focus on meeting growth in data with adequate capacity
S&P also said India will have to address issues plaguing private investment, and banks will have to clean up their balance sheets