T C A Anant, the Union government's chief statistician, thinks global rating agency Standard & Poor's (S&P) does not fully understand our economy's structure, comprising a large unorganised sector as well.
In a major goof-up, US-based ratings agency Standard & Poor's accidentally disseminated a message to subscribers earlier that it has downgraded its top-notch credit rating of France from 'AAA', but has since issued a clarification and is investigating the cause of the error.
The world's largest credit rating agency seems to have a particular fascination for top-drawer talent from India.
The overall breadth was marginally positive as 1,447 stocks advanced while 1,260 stocks declined.
The investigation began before it cut the United States' AAA credit rating.
Rating agency Standard & Poor's is using the experience of working with the Indian rating agency, Crisil, a subsidiary of S&P, to its advantage. Deven Sharma, president, Standard & Poor's, spoke to Rajesh Bhayani
Most of the Asia-Pacific economies would be cushioned by healthy foreign exchange reserves in the last quarter of the current calendar year, global ratings agency, Standard & Poor, said in a report.
Expressing concern over high debt exposure of many companies in India, global rating agency Standard & Poor's on Tuesday warned India Inc that high oil prices can trigger inflationary pressures, trim corporate profits and slow down industrial activit
Further, the agency said it expects signs of a pick-up to emerge in the second half of the year.
Global rating agency Standard & Poor's on Monday assigned its 'BB' rating indicating non-investment or junk grade to the State Bank of India's proposed $225 million (Rs 900 crore) Hybrid Tier I perpetual bonds.
Global rating agency Standard & Poor's on Monday revised the outlook for the Indian banking system to 'stable' from 'negative,' but added that risks remain high relative to developed banking markets.\n\n\n\n
Standard & Poor's Ratings Services on Wednesday affirmed its BB foreign currency and BB+ local currency, long-term sovereign credit ratings on India.
International rating agency Standard & Poor's has said India's budget deficit is likely to exceed the government's target of 4.3 per cent for the current fiscal year, which ends in March, a newspaper reported Wednesday.
Sahai, who did his master's in economics from the University of Delhi, is currently head of Citi's Securities and Fund Services business.
The 30-share Sensex ended up 158 points at 26,626 and the 50-share Nifty ended up 57 points at 7,969.
The growth prospects are particularly high for Indian companies in the speciality and complex generic drugs segment in the US, the report said.
Lack of fuel security is a major constraint to the growth of the generation capacity, and the slow pace of tariff reforms is hindering infrastructure investment at the state-level.
S&P expects India to grow at 7.4 per cent in 2015, similar to the central bank's forecast for the fiscal year ending in March.
Infy, L&T key movers while auto stocks dropped
Even as Standard & Poor's and Fitch have warned India's sovereign ratings could be cut to junk level, the government's chief economic advisor, Raghuram Rajan, says there is no point in grudging that India's ratings are on a par with debt-ridden European nations.
The ratings are opinions that reflect the ability and willingness of the rated entity to meet financial obligations.
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The report indicated that price rise will continue being a problem and that inflation, which is restricting the Reserve Bank from loosening its elevated policy rates.
Out of 200-odd countries, just 16 nations have the coveted triple-A rating.
The safest banks are those that have shown their strength in times of turbulence.
It feels govt may find it challenging to meet the revenue projections.
Standard & Poor's, which has threatened to downgrade the country's sovereign rating to junk, sees economic growth improving.
Standard & Poor's, which has threatened to downgrade the country's sovereign rating to junk, sees economic growth improving.
Contraction in mining and capital goods pulls down industrial growth to 0.1%; FM says steps being taken to revive investments.
The government said in a court filing it was seeking civil money penalties from S&P and McGraw Hill.
But says govt finances the weakest aspect of the country's macroeconomic profile.
The outlook cut is based on a weak premise since the economy is expected to rebound this fiscal but a wake-up call was needed.
Behavioural investment experts have their reasons, the media has its own reasons, and I have a combination of all of this, says P V Subramanyam!
Mayaram said the concerns over the pace of implementing economic reforms were "overstated".
East European countries have better rating than India though their economies are not as stable as the latter.
The officials, sources said, will impress upon rating agencies the resolve of the government to follow the path of financial prudence and bring down the fiscal deficit to 3 per cent by 2016-17.
The 30-share BSE Sensex closed at 20,822 down 72 points after touching a high of 21142.85 while the broader 50-share Nifty index closed at 6,187 levels down 27 points; the index touched a high of 6,289 today.
Key indices ended weak for a third consecutive session after a stellar rally.
The recent rally has seen investors' preference shift to high-beta and policy reform-driven sectors like capital goods, banking, power, infrastructure and oil and gas.
Global ratings agency Standard & Poor's on Thursday pegged India's FY'14 GDP growth at 6.4 per cent, one of the most optimistic estimates among analysts, and said it may upwardly revise outlook on the sovereign rating if the government continues to focus on policy initiatives.
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