According to Standard & Poor's index services monthly global stock market review, global equity markets after three months of consecutive gains declined 0.58 per cent in June with emerging markets giving negative returns of 1.45 per cent. Indian stock markets gave the highest returns of as much as 60.6 per cent in the three months period between April to June, despite witnessing a loss of 2.17 per cent in the month of June.
China will lead Asia-Pacific sovereigns in economic growth in 2008, followed by India, Standard & Poor's Ratings Services said. Though Japan is still the largest economy in the region, China' growth could position the country as the biggest economy in Asia-Pacific and the second-largest globally within the next five years.
Obtaining reliable information is the essence of a sound investment strategy and one of the most reliable suppliers of financial information in India is CRISIL or the Credit Rating and Information Services of India Limited.
Global credit rating agency Standard & Poor's has indicated that Indian stock markets are overvalued currently, recommending underweighing of the markets next year.
S&P updates this screen on a semiannual basis, during February and again in August.
Following it negotiations with Ford Motors for the aquisition of Jaguar and Land Rover, Tata Motors has been put under credit watch.
Global rating agency Standard & Poors (S&P) has said that despite the outlook for Indian corporates being stable, a negative bias persists with corporate entities pursuing rapid inorganic growth with leveraged buyouts and debt-supported expansion.
S&P Rating Services report said oil and gas companies would hold steady through 2007. However, there is a chance that the turmoil in the credit market may negatively affect ratings down the line.
Auto majors have introduced a range of petrol engines for compact cars that comply with the Euro-V norms and are meant for the export markets. This enables them to prepare for the stringent emission norms to be introduced in the country. While the latest compact cars manufactured in India are Euro-V compliant, the latest petrol car engines are highly fuel efficient.
S&P, which holds 51.4 per cent in Crisil, named Roopa Kudva as the region head for South Asia. Kudva would be part of S&P's Asia-Pacific executive committee, the agency said in a statement. She would continue as the managing director and CEO of Crisil.
The eight Indian companies are part of S&P's list of 300 mid-size companies across 37 countries in the latest S&P Global Challengers List.
Global rating agency Standard & Poor's on Tuesday said Indian banks were financially stronger than Chinese banks although some of the China-based banks have higher credit ratings.
Standard & Poor's has revised the outlook on India's 'BB' long-term foreign currency rating from negative to stable, reflecting the improving external finances.
HCL Technologies on Thursday announced a multi-year, multi-million dollar IT co-sourcing contract with AMD for the personal and networked computer and communications markets.
Infosys Technologies Ltd has become the first company in India to obtain BBB rating, higher than the country's sovereign rating (BB+/Stable/B), from global credit rating agency Standard & Poor's, reflecting the company's strong financial profile.
The market for Shariah funds is set to grow with Benchmark Mutual Fund launching the first-ever Shariah Benchmark Exchange-traded scheme in India. It's an open-ended listed index scheme.
Find out which financial instruments will protect you from bear market volatility.
Global ratings agency Standard & Poor's on Tuesday raised its long-term foreign currency rating of India by one notch to 'BB+', with a stable outlook, reflecting the country's improved external position and growth prospects.
An S&P stock screen identifies the 10 best-performing stocks during a month that saw unprecedented market turmoil
International rating agency Standard & Poor's Ratings Services on Monday revised its outlook on India's 'BB' long-term foreign currency rating to positive from stable, based on the improving external position.
Credit rating agency Standard & Poor's has projected that India's consumer price increases are likely to come down next year because of monetary tightening by the central bank. In a quarterly assessment of the Asia-Pacific region, S&P has estimated that consumer prices will increase in the range of 5-5.5 per cent, down from this year's level of 8.5-9 per cent.
Global ratings agency Standard & Poor's has also raised India's sovereign credit rating to investment grade after a gap of nearly 16 years.
The ratings reflected the growing strength of India's macro-economic stability, Finance Minister P Chidambaram said.
Global rating agency Standard & Poor's said on Thursday United Western Bank's huge bad loans may affect IDBI's financial profile negatively.
Global rating agency Standard & Poor's on Thursday warned Asia may see lower growth this year due to adverse impact of oil price pressure and tsunami, but said India will be an 'exception.'
Warning India of high fiscal deficit and debt burden, global rating agency Standard & Poor's said the country was unlikely to sustain high growth as was achieved by East Asian tiger economies.
The global equity research firm said in its weekly market analysis newsletter that investors' concern over commodity prices are overblown, while no fresh rate hikes are likely in the coming months.
Global equity research firm Standard & Poor's has projected a significant jump in the American Depository Receipts
'Some funds may be redirected towards "safe" countries'
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