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S&P warns India could face junk status

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India faces at least “a one-in-three” chance of losing its prized sovereign grade rating, global ratings agency Standard and Poor's has warned, amid new threats to economic growth and reforms.

PMEAC expects 6.7% growth in fiscal 2013

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The country's growth rate is expected to pick up in the second half of this fiscal and reach 6.7 per cent for entire 2012-13, Prime Minister's Economic Advisory Council chairman C. Rangarajan said o

S&P cuts ArcelorMittal debt to junk status

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Rating agency Standard & Poor's cut ArcelorMittal's long-term debt to junk status on Thursday and said uncertainty about the debt reduction plans of the world's largest steelmaker and a weak sector ou

India's long-term growth potential is 8-9%: Montek

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Notwithstanding global credit rating agency S&P's lowering India's outlook to 'negative', the country remains bullish and its long-term economic growth potential is 8-9 per cent, Deputy Chairman of

S&P president steps down after US ratings downgrade

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Standard & Poor's president Deven Sharma is stepping down, its parent company announced Tuesday, just weeks after the credit rating agency cut the US sterling AAA rating and sent global markets into t

S&P says France will maintain top rating

Standard & Poor's is confident France will maintain its top AAA credit rating, the agency's European chief said today, amid rumours of a possible downgrade amid intensifying eurozone debt strains.

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Americans give thumbs down to Washington

Barely one in four Americans feels confident that the Obama government can fix America's economic problems with a large majority agreeing that the policymaking process in Washington is unstable and i

Barack Obama defends US credit

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US President Barack Obama vowed on Monday that America would always be a ‘triple A country,’ fiercely defending US credit after a historic debt downgrade and saying the economy could be fixed with pol

India also faces downgrade: S&P

Ratings agency Standard & Poor’s (S&P) on Monday has cautioned that it could lower the sovereign ratings of countries like India, Japan and Malaysia, which are still to come out of the economic meltd

US downgrade hits Sensex, Investors lose Rs 1lakh crore

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It was a rollercoaster ride for the Sensex on Monday as it plunged nearly 500 points on opening as a knee-jerk reaction to Standard & Poor’s downgrade of America’s triple-A rating by a notch (to AA+)

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.