S&p Global Platts

S&P lowers India's growth forecast for FY26 by 20 basis points to 6.5%

The update assumes the upcoming monsoon season will be normal and that commodity - especially crude - prices will be soft

S-P Global upgrades Vedanta's rating from B- to B with stable outlook

Vedanta Resources Limited (VRL), the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, has received a rating upgrade from S&P Global Ratings. The agency upgraded VRL's corporate family rating from 'B-' to 'B'. With this, VRL's rating by S&P has gone up by five notches from 'CC' in December last year. "We raised our issuer credit rating on Vedanta Resources Ltd. to 'B' from 'B-' and raised our issue ratings on the company's guaranteed bonds to 'B-' from 'CCC+'," the rating agency said. S&P said in its report that the upgrade comes after VRL obtained the minimum acceptances needed to close its consent solicitation exercise for 2028 bonds. "The stable outlook reflects our expectation that refinancing risks will be more manageable after the transaction given a newfound funding flexibility and improved capital market access," the agency said in its report. "The stable outlook also reflects the company's sound underlying operations, which should support internal cash .

Crude prices may remain higher at $85-100 in short term: S&P Global

OPEC countries have enough oil which can potentially cap any sharp price increases

S&P Global to observe India's fiscal glidepath for possible rating upgrade

India aims to narrow its fiscal deficit to 4.50% of gross domestic product by the end of 2025/26, from an expected 5.8% in 2023/24

Next govt's fiscal moves key to sovereign rating: S&P Global Ratings

S&P said following nearly a decade of rule by the BJP-led NDA govt, a change in the ruling coalition could bring a period of policy uncertainty

Global investment in Indian banks to continue on robust finances: S&P unit

Majority of foreign institutional investors' holdings concentrated in biggest private banks

Indian banks gave highest returns in Asia Pacific region: S&P Global report

According to the report, the Punjab & Sind Bank had posted a returns of 118 per cent while the Jammu and Kashmir Bank gave 104.69 per cent

Services PMI recovers to 55.1 in Oct after hitting six-month low in Sept

Services PMI released by credit rating agency S&P Global improved to 55.1 in October from 54.3 in September

'It is unacceptable': Investors react to 40-minute Toronto Exchange Outage

A 40-minute outage across three stock exchanges stalled equity trading in Canada, leaving some investors frustrated and others refusing to place orders even after it reopened.

S&P cuts Ukraine's credit grade as default becomes 'virtual certainty'

Ukraine had its credit grade cut by S&P Global Ratings after the war-ravaged nation asked foreign creditors for permission to delay payments on its external debt after Russia's invasion

Services activity at 11-year high in May on post-Covid business growth

The S&P Global India PMI rose to 58.9 in May from 57.9 in April, the highest since April 2011

TMS Ep111: SEBI U-turn, plant-based meat, crude oil prices, Github

What are the lessons from Sebi's U-turn on splitting CMD role? What is the future of plant-based meat in India? How will crude oil prices play out in the days to come? What is Github? All answers here

Crude oil prices can hit $100 a barrel in 2022, say analysts

Crude oil market, according to Goldman Sachs, is pricing in a far larger demand hit than during Delta - equivalent to no planes flying for the next three months

Oil on the boil: Prices, demand-supply dynamics, and the way ahead

Global oil prices are hitting all-time highs. Let's look at why oil prices are surging globally and understand the dynamics of demand & supply in an interview with S&P Global Platts' Dr Kang Wu

Asia's travel optimism boosts jet fuel demand: S&P Global Platts

"Globally, some countries with high rates of vaccination are learning to live with the coronavirus," said J Y Lim, Advisor for oil markets at S & P Global Platts Analytics.

Oil market anchors around $70/b, but volatility to return

Even with Covid concerns creating recent jitters in big consumers like China and US, the impact appears to be diminishing as the global economy recovers

Indian states need more financial support from the government: S&P

The Covid-19 pandemic could increase budget deficits and indebtedness of state governments as spending needs to exceed revenue collected, S&P Global analysts YeeFarn Phua and Ruchika Malhotra said

Markets underestimating oil demand; see Brent at $80: Goldman Sachs

International travel, according to Goldman Sachs is another key factor that is likely to trigger a demand rise, which in turn will keep oil prices elevated

Platts cuts India's 2021 oil demand by 28%; sees crude topping $70

However, once the lockdowns are lifted, Platts expects the pent-up demand to get released, which in turn will act as a catalyst for economic growth

S&P Global Platts cuts India's 2021 oil product demand forecast by 9%

The total oil demand in India, according to their estimate, had declined to 470,000 b/d in 2020