Global rating agency Fitch on Thursday affirmed India's 'BBB-' rating with a stable outlook on strong growth outlook and fiscal credibility. Fitch said India is set to remain among the fastest-growing sovereigns globally with GDP growth of 7.2 per cent in the current fiscal year and 6.5 per cent in FY26, down from 8.2 per cent in FY24. "Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook," the global rating agency said in a statement.
With cases hitting a new peak in several parts of the country, the demand for medical oxygen has increased as it is a critical component in the treatment of COVID-19-affected patients.
Looking into the current situation on the China boarder, IOC has stocked up enough winter-grade fuel for the region. With army movements increasing, the demand for this fuel is expected to increase multifold from the 350 metric tonnes last winter.
The National Financial Reporting Authority (NFRA) will invite public comments on the revised International Standard on Auditing 600 (ISA 600) proposed to be adopted by publicly listed companies and non-public-sector banks, sources close to the development told Business Standard. The decision to take this "graded approach" for the adoption of the ISA, which is meant to rein in auditors often found hiding behind the audit reports signed off by subsidiary companies, was taken at a meeting of various financial sector regulators at NFRA's board meeting on Monday (August 26). The idea behind upgrading the Standards of Audit 600 currently followed by Indian auditors to ISA 600 is to plug current gaps, which have led to major audit lapses in the recent past.
The 32-year-old shared a post-surgery photo on his Instagram page.
Two weeks ahead of the upcoming IPL, defending champions Chennai Super Kings were left to fret over another injury concern as pacer Matheesha Pathirana has suffered a Grade 1 hamstring strain on his left leg.
'I like to be challenged by the strongest players on the planet, even though it's going to get more difficult with this young Indian generation coming up. But I am not entirely depressed.'
Their only surviving immediate family member, son Adiryan (14), was not in the vehicle with them.
In a dazzling showcase at Apple Park, Apple on Monday introduced its latest technological marvels, including the much-anticipated iPhone 16 lineup. The event, held at the newly inaugurated Observatory building, featured an array of exciting updates that promise to redefine the smartphone experience.
'With passage of time, Kamal did move away from the humdrum of commercial cinema, using it only as a peg to launch a new concept or new technology, as no other actor/film-maker has done in Indian cinema.' N Sathiya Moorthy assesses the career and politics of movie legend Kamal Haasan on his 70th brthday.
Create a balanced schedule that allocates time for both studies and skill development, suggests rediffGURU Aasif Ahmed Khan.
Mithun Chakraborty started from scratch in bit roles and had no Godfather backing him. Yet, remarkably, his career now straddles six decades and he continues to win acclaim, observes Dinesh Raheja.
Vihari has a Grade 2 tear which has not only ruled him out of the final game, but also puts him in doubt for the England games
In a bid to capitalise on its underwater resources, the Indian government has introduced new rules for auctioning offshore mineral assets, aiming to ensure a transparent and competitive process. While these rules feature stringent eligibility criteria, they also simplify the awarding process. This move comes in the wake of the less-than-expected interest in critical mineral auctions.
India captain Rohit Sharma including mainstays Virat Kohli, Jasprit Bumrah and Ravindra Jadeja have placed in the highest category of BCCI central contracts.
'Till my wife called me up one day and said, "Hey, we need food on the table".'
The players, who will be graded in three categories, will get Rs 50 lakh, 35 lakh and 20 lakh per year respectively under the new contracts system.
Despite discounts on Russian crude oil - which fell to the lowest since the Ukraine war began - and the rising sanctions, import volumes from the country will remain stable for now or at least till July, said refinery officials. "There is an appetite for Russian crude, and shipments are not expected to taper off beyond this point unless something major happens. "Talks are on, and buying will continue," an official at a major refinery said.
To boost domestic manufacturing under the Make in India initiative and reduce dependency on imports, the government is expected to announce in the Budget an increase in the minimum local content requirement for public procurement, with certain sectors being granted exceptions. Currently, firms producing goods, services, or works with at least 50 per cent local content are classified as Class-I local suppliers and are preferred the most in government procurement.
The Karnataka cabinet has approved a bill mandating 100 per cent reservation for Kannadigas in private firms for Group C and Group D posts, Chief Minister Siddaramaiah said on Tuesday.
Original's goodwill, natural bonhomie amongst the actors and wild card entries, Stree 2's spirited return sure has its high points, notes Sukanya Verma.
Shreekant Sambrani tells himself over and over again, don't lose heart in these dire times, there is asha (hope) still, in the divine voice of Asha Bhosle.
The textbooks themselves have not been finalised by the National Syllabus and Teaching Learning Material Committee (NSTC), he said.
For Dinesh Nirmal (pictured), who heads IBM Software, one of his mandates is to integrate generative artificial intelligence (GenAI) into all products IBM builds and leverage it to enhance developer productivity across global labs. Nirmal believes that one of the biggest benefits of GenAI is automation, leading to optimisations and productivity gains. He shares that IBM Software has observed productivity gains of 30-40 per cent in some segments of software development.
His prolonged slump in form notwithstanding, Rahul Dravid retained his place in Grade A as the BCCI on Monday offered new contracts to 37 players. The players have been clubbed in four grades in the new contract which would cover the October 2008 - September 2009 period, BCCI Secretary N Srinivasan said in a statement.
Anwar, while addressing an election meeting in Palakkad district of Kerala on April 22, had also said that the Congress leader does not deserve to be called by the surname of Gandhi.
The Jammu and Kashmir administration on Saturday sacked six government employees, including five policemen, for their 'deep involvement in anti-national activities', officials said.
Benchmark equity indices Sensex and Nifty declined nearly 1 per cent on Wednesday, falling for the fourth day running amid profit-taking by cautious investors ahead of the results of the Lok Sabha polls. The 30-share BSE Sensex declined 667.55 points or 0.89 per cent to settle at 74,502.90. It went below the 75,000 mark to hit the day's low of 74,454.55, plunging 715.9 points or 0.95 per cent.
A university in Ujjain in Madhya Pradesh has set up a probe panel following complaints of some students that a professor was propagating Islam and harassing Hindu students, a senior varsity official said on Monday.
Here's everything you need to know about the entrance examination.
This movie is perfect for all ages. Avan Verma gives his thumbs up.
Russian oil supplies to India will continue to flow unhindered and suppliers will come up with ways to sidestep secondary sanctions, a Russian official told Business Standard.
"When I reached India, I was surprised at how friendly the people are; it's very much like Cambodia where the people are so warm," says the winner of the Miss Teen International 2024.
The Elite list is set to comprise only three players ---skipper Virat Kohli, his limited overs deputy Rohit Sharma and Jasprit Bumrah.
Board president Jagmohan Dalmiya said an agreement with the players has been reached on major terms and conditions, but some fine-tuning is required.
Pace bowler Bhuvneshwar Kumar was promoted to Grade A, but Yuvraj Singh and Gautam Gambhir, who have lost favour with the selectors, were dropped from the list of BCCI's contracted players for 2014-15.
The major security breach in Parliament on Wednesday brought to the fore shortcomings in the security protocol, driven in part by the shortage of parliamentary staff assigned to enforce it, a point made by some leaders in the all-party meeting convened by Lok Sabha Speaker Om Birla.
For the country's maiden offshore mineral mining auction, the Centre is planning to relax the rules on the number of chances for bidding. Under the newly announced draft Offshore Areas Mineral (Auction) Rules and Offshore Areas (Existence of Mineral Resources) Rules, the ministry of mines is planning to offer three chances to potential bidders in its forthcoming inaugural offshore mining auction. If a single bid is not received during the second attempt, the plan is to initiate a new round of bidding for the third time.
According to the statement, NIA investigations have revealed the involvement of the notorious terrorist-gangster syndicate behind the killing of Gogamedi, who was shot dead in the living room of his house in Shyam Nagar colony in Jaipur in December 2023.
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