'Information highways are getting stronger and being strengthened.' 'Occasionally, accidents could occur. But do you stop constructing highways because two motor cars collide?'
In a report on the rupee's depreciation, S&P said, "Revenue for companies that export and operate overseas would rise, because they would get more rupees for the goods and services they sell."
The political fall-out of the US downgrade is not over. Republicans and Democrats are both trying to pin the blame on the other party, displaying their great skill in spinning news to score partisan political points.
Deven Sharma, president of Standard and Poor's, tells Devjyot Ghoshal that the market and the investor will have the final say on the way forward.
Taxes on health, excluding medicines, could rise from 8.8 per cent currently, to around 13.6 per cent - an increase of 4.8 per cent.
The US political system might not be as broke as some thought but the deal came a bit too late to allay apprehensions.
Prime Minister's economic advisory panel has said there was no need for any stimulas package to help the industry tide over the impact of the crisis following downgrade of the US credit rating by Standard and Poor's.
A credit agency evaluates the credit worthiness of an issuer of specific types of debt.
President Barack Obama on Monday strongly defended US credit after a historic debt downgrade by rating agency S&P and said America will always be AAA nation as its economic problems were 'eminently solvable', given the political will.
Facing criticism inside the United States for downgrading America's credit rating from AAA to AA+, the Standard and Poor's Indian-American president Deven Sharma has said that the agency's decision was made mainly because of the rising debt levels and the process of resolving things.
Roger Federer's 6-3, 7-5 win over Argentine Juan Monaco in the quarter-finals of the Paris Masters made him only the seventh player in the Open Era to win 800 singles matches on the Tour. His career-record now stands at 802-186.
There is an Indian at the helm of affairs surrounding the historic downgrade of the United States' creditworthiness, as ratings agency S&P's unprecedented move was taken under the leadership of Deven Sharma.
With the downgrade there is a danger that investors who hold these financial securities may sell out. Of course, the level of selling will depend on the way the investors react to this downgrade.
'Slowing down of the economy was mainly due to the demonetisation shock...' 'If you cut off the oxygen supply to a patient in the ICU and the patient dies, the patient does not come alive again when you restore the oxygen supply.'
When Bureau of Energy Efficiency certifies that an AC is star-rated, it does this based on the manufacturer's self or third party efficiency report, points out Sunita Narain.
Minister of State for Commerce and Finance Nirmala Sitaraman, in Mumbai to address election rallies, took time out to talk about the economy, foreign investment and trade facilitation.
Two devoted J Jayalalithaa followers speak of what the TN chief minister meant to them.
The much-advertised hunger for success among the denizens of India's tier-II and tier-III cities has been the big story of the past decade. How relevant is it to memorize Ampere's Law, Charles's Law and the dates of the battles of Panipat in this brave new world?
A hat-trick by Lionel Messi inspired Barcelona to an 8-0 rout of Osasuna in La Liga on Saturday as the champions responded with a devastating performance after a poor week by their high standards.
While the standards of Visva Bharati University fall, the chief minister of West Bengal fantasises about a Biswa Bangla University a few kilometres away. Keya Sarkar ponders the sad state of affairs.
India had time to plan and improve its competitiveness and infrastructure. Yet it chose not to. And for that we need to blame our government, says M R Venkatesh.
Standard and Poor's action has left many speechless.
The dry-run was being conducted in state capitals in at least three session sites. Some states also included districts that are situated in difficult terrain or have poor logistical support, according to officials.
22 companies won bids for the 31 contracts on offer; 15 were new entrants to the oil and gas business. Three years on, none of them have started production.
India's gross public debt to GDP ratio fell from 75.8 per cent to 66.2 per cent.
...helped by a Wall Street rally after the US Federal Reserve yesterday pledged to keep US interest rates low at least through mid-2013.
All the newspapers and business news channels on Monday morning told us that the world is now going to change again. But these very guys had no clue till a few days back, and were gung ho about the Indian economy, the Sensex and pretty much everything else.
This could lead to an unprecedented bloodbath in the global financial markets.
Demand has fallen significantly in the US, which accounts for around 30 per cent of crude oil consumption and meets 60 per cent of its demand through imports.
If the fiscal position of the United States deteriorates further or if the political gridlock becomes more entrenched, then that could lead to a downgrade.
Investors say stocks to drift further, but impact of rating downgrade may be short-term.
S&P's specific concern is that: "US policymakers might not reach an agreement on how to address medium- and long-term fiscal challenges."
The CreditWatch action follows Vedanta's announcement that it would acquire a controlling stake in India-based oil and gas company Cairn India Ltd.
A couple of days after being sacked, India's Ukraine-based athletics coach Yuri Ogorodnik accused Sports Authority of India for poor standards at the NIS Patiala.
'The government lights lamps for nurses but when we demand what's due for us, they don't listen at all.'
Nobel peace prize winner Muhammad Yunus, who has been ousted as Grameen Bank managing director, tells Business Standard he hopes the bank continues to be run by the poor of Bangladesh.
Umpire Daryl Harper came in for some scathing criticism from the Indian cricket team, for his poor decisions during the first cricket Test against the West Indies.
As many as 2,508 cities in 26 states have been selected under 'Pradhan Mantri Awas Yojana' for providing affordable houses to the urban poor.
In one case, the folks at SWAN discovered that of the Rs 1,500 they'd transferred as relief in the account of a stranded worker, the bank had deducted Rs 800 as penalty for not having minimum balance!
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