Economy

S&P Global Ratings has assigned its 'BB+' long-term issue rating to the US dollar-denominated senior secured notes that Shriram Transport Finance Co Ltd (STFC: BB+/Stable/B) proposes to issue.

S&P Global Ratings believe the India-based Power Finance Corp Ltd’s (PFC) capitalization will improve over the next two years via internal sources, although delays to stressed asset resolutions could slow the process.

Taking cognisance of exponential growth of digitisation and online commerce in India, policy efforts have been directed in recent years to put in place a ‘state of the art’ national payments infrastructure and technology platform, the Reserve Bank of India...

India and Indonesia need to upgrade current coastal vessel trade in the eastern Indian Ocean for which the two countries have initiated bilateral connectivity between the southern-most Indian islands and resource-rich northern Sumatra.

Finance Minister Arun Jaitley has assured investors that the government ensures the benefits of reforms reached the last man in the queue.

The CII Centre for Digital Transformation’s (CDT) “Digital Maturity Appraisal” is a self-assessment tool to help Indian industries navigate today’s business landscape as it continues to undergo rapid changes, led by digital technologies which are transforming the way systems, processes...

The increasing volume of garbage in India is expected to offer US$14 billion of business opportunities by 2025 for the waste treatment industry, especially the private investors, according to a ResearchAndMarkets report on 8 Apr 2019.

The World Bank estimates India will have a 7.5% economic growth for 2019, forecasting 7.5% each for 2020 and 2021, putting it at best than others' 7+%.

Citing weak fiscal scenario, global rating agency Fitch has retained India's sovereign rating at 'BBB-', the lowest investment grade, with stable outlook.

India needs to sustain 8-9% per annum economic growth to attain US$10 trillion economy over the next 10 years and US$5 trillion in the next five years, Indian Ambassador to US, Harsh Vardhan Shringla said on 6 April 2019.