S&p

S&P upgrades rating for India's insolvency regime as IBC lifts recoveries

System has strengthened credit discipline and tilted resolution process in favor of creditors, says agency

S&P raises Vedanta's outlook to 'positive' on strong earnings, lower costs

S&P Global Ratings has upgraded its rating outlook on Vedanta Resources to 'positive' from 'stable'. In a statement, the rating agency said it has also affirmed the issue rating of 'B' on the Vedanta Resources' senior unsecured notes. S&P has cited factors like a timely ramp-up of Vedanta Resources' recently commissioned facilities in the aluminium business, which will improve the company's cost structure and support its earnings and cash flow. It has also noted the lower interest expenses at the holding company level, that will aid in deleveraging the balance sheet. "The positive rating outlook reflects the potential for an upgrade if Vedanta Resources continues its track record of reducing debt at the holding company and operating at a lower consolidated leverage, even as it pursues growth opportunities. "This could materialise as the company improves its cost structure from deeper backward integration. In our base case, we see a path for the company's FFO-to-debt (funds ...

S&P Global retains India's GDP forecast at 6.5%, revises inflation downward

The report added that low inflation provides room for further monetary policy adjustments, with S&P expecting a 25-basis-point (bps) rate cut by the Reserve Bank of India in FY26

India's flash PMI declines to 61.9 in September; mfg records higher growth

Flash PMI September 2025: Pricing pressures were more pronounced in the service sector in September, although they moderated compared with previous months, while manufacturing saw a pick-up

RBI inflation target review, liquid MFs' demand rises, S&P's sovereign rating India upgrade & more

The RBI has floated a discussion paper, seeking views on whether the 4% target should continue, if headline or core inflation should be tracked, and whether the current ±2% band should be tweaked.

GST rationalisation could boost India's revenue in long term: S&P

S&P Global Ratings analysts say that the GST rationalisation reforms could boost India's fiscal revenues over the long term due to simpler implementation and clearer accounting processes

Trump tariffs get seal of approval as S&P affirms AA+ credit rating

The decision offers a glimmer of good news for Trump, who has pushed back against arguments that his historic program of tariffs will damage the US economy

India bonds slide on GST tax cut worries, wipe out S&P upgrade gains

Prime Minister Narendra Modi on Friday announced sweeping changes to the goods and services tax (GST) regime which will make daily essentials and electronics cheaper from October

S&P raises credit ratings of SBI, HDFC Bank, Tata Capital, 7 other firms

S&P Global upgraded ratings of 10 Indian banks and finance firms, including SBI, HDFC Bank and Tata Capital, a day after raising India's sovereign credit rating to BBB

Dow Jones scales record high on hopes of Fed rate cuts, trade deals

The Dow's gains have been propelled by a solid year-to-date performances from Wall Street bank Goldman Sachs, tech giant Microsoft and industrial equipment maker Caterpillar

S&P upgrades India's credit rating to 'BBB' after 18 years, outlook stable

S&P Global upgrades India's sovereign rating to BBB from BBB-, citing robust growth, improved monetary policy framework and fiscal consolidation despite tariff concerns

China factory activity shrinks in July, S&P index dips below 50 mark

The S&P Global manufacturing purchasing managers' index for China fell to 49.5 from 50.4 in June

S&P affirms Bangladesh's sovereign credit rating, warns of US trade risks

S&P Global Ratings affirmed Bangladesh's B+ sovereign rating with a stable outlook, citing improved forex reserves but warning of US tariffs and policy unpredictability

Manufacturing gains push India's flash PMI to 60.7 in July, services dip

Flash HSBC India PMI signals expansion as manufacturing activity picks up climbing to 59.2 while India's services PMI eases to 59.8 in July

American Express exceeds profit expectations on continued robust spending

Excluding one-time items, AmEx earned $4.08 per share for the three months ended June 30, compared with the $3.89 per share analysts were expecting, according to estimates compiled by LSEG

NSE ranks fourth on the global IPO offering league table in H1-2025

The top three spots as regards offerings were occupied by the Nasdaq Global Market, NYSE and the Nasdaq Global Select Market that offered to raise $28.95 billion in H1-CY25

Asian shares up on Nvidia high, investors unfazed by Trump's tariff moves

US copper futures widened their premium to the London benchmark overnight after Trump announced plans to impose a 50 per cent tariff on copper

Geopolitical tensions not to put much pressure on rupee, inflation: S&P

The ongoing geopolitical tensions are unlikely to put a "significant pressure" on the rupee or inflation as global energy prices are lower than last year, which will limit current account outflows and domestic energy price pressures, S&P Global Ratings said on Tuesday. S&P Global Ratings Economist Vishrut Rana said a key mitigating factor of India is that energy prices are still lower than last year --? Brent crude oil traded at roughly USD 85/barrel a year ago and current prices are still lower. "This will help contain both current account outflows and domestic energy price pressures -- while energy prices may rise moderately, the path of food prices will have a higher impact on inflation. Overall, we do not expect significant pressure on the Indian rupee or inflation," Rana told PTI. Rates of the benchmark Brent crude fell to around USD 69 a barrel after US President Donald Trump announced that Israel and Iran have agreed to a "complete and total ceasefire". Israel and Iran .

S&P ups India's FY26 GDP outlook to 6.5% amid geopolitical instability

S&P raised India's FY26 growth forecast citing strong domestic demand, normal monsoon hopes, lower oil prices, and easing policy - reversing last month's downgrade over global risks

Asian shares mostly rose on Friday ahead of US Jobs Report update

Asian shares were mostly higher Friday ahead of an update on the US job market that will offer insights into how the economy is faring. US futures edged higher and oil prices fell. Tokyo's Nikkei 225 index rose 0.5% to 37,730.67, while the Kospi in South Korea jumped 1.5% to 2,812.05. Hong Kong's Hang Seng lost 0.4% to 23,817.10 and the Shanghai Composite index edged 0.1% higher, to 3,385.91. Australia's S&P/ASX 200 was nearly unchanged at 8,536.40. India's Sensex gained 0.6%. On Thursday, the S&P 500 fell 0.5% to 5,939.30 for its first drop in four days. After sprinting through May and rallying within a couple good days' worth of gains of its all-time high, the index at the center of many 401(k) accounts has lost momentum. The Dow Jones Industrial Average dropped 0.3% to 42,319.74, and the Nasdaq composite sank 0.8% to 19,298.45. The US Labor Department is due to report how many more jobs US employers created than destroyed during May. The expectation on Wall Street is for a