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Manufacturing PMI hits 31-month high in May, riding demand surge

June 02, 2023 2:46 am

The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose from 57.2 in April to 58.7 in May, indicating the strongest improvement in the health of the sector since October 2020.

S&P Global keeps India's economic growth forecast unchanged at 6% in FY24

March 27, 2023 1:18 pm

In the quarterly economic update for Asia-Pacific, S&P saw inflation rate easing to 5 per cent in 2023-24 fiscal, from 6.8 per cent in the current financial year.

S&P Global Ratings revises outlook on Adani Ports, Adani Electricity to negative

February 03, 2023 9:28 pm

Adani Group has responded to the Hindenburg report allegations and also decided to return funds from a fully subscribed USD 2.4-billion offer of shares in the promoters' flagship company Adani Enterprises Ltd due to market volatility.

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S&P cuts India's economic growth to 7% for FY23

November 29, 2022 11:04 am

S&P has also projected the Indian economy to grow 6 per cent in 2023 and 6.9 per cent in 2024.

S&P Global Ratings upgrades Axis Bank rating on improving asset quality

November 22, 2022 1:50 pm

The US-based agency said India's robust economic growth should support borrowers' creditworthiness and Axis Bank's weak loans, or nonperforming loans, could decline to 2.5-3 per cent of total loans by end-March 2023, from 3.7 per cent as of March 31, 2022.

Inflation hit: S&P cuts FY23 growth outlook to 7.3% from 7.8%

May 19, 2022 5:43 am

Inflation remaining higher for long is a worry, which requires central banks to raise rates more than what is currently priced in, risking a harder landing, including a larger hit to output and employment, S&P said in its Global Macro Update to Growth Forecasts.

India's manufacturing activities moderate in March; production, sales expand at slowest pace in six months

April 04, 2022 11:58 am

The seasonally-adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) was at 54.0 in March, down from 54.9 in February, highlighting weakest rate of growth in terms of production and sales since September 2021.

S&P affirms ‘BBB-’ rating; ‘outlook stable’

July 14, 2021 3:20 am

It has projected the economy to grow at 9.5 per cent in FY22 over a very weak base of record 7.3 per cent contraction in FY21.

S&P raises FY21 growth forecast to 7.7% contraction

December 16, 2020 3:32 am

For FY22, S&P projected growth to rebound to 10 per cent. Its revision in growth forecast for the current fiscal reflects a faster-than-expected recovery in the September quarter.

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New envoy says trade talks next week, Rubio flags India as a ‘top relationship’

India2 hr ago

The US envoy-designate to India, Sergio Gor, stressed the value of India as a strategic partner and the close relationship between President Trump and PM Modi. He discussed upcoming meetings with US trade representatives and the potential for finalizing a trade deal in the near future.

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