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Pay Hike: Experts Warn On Deficit; Govt Confident Of Targets
Rating agencies and brokerages have said that the proposed 23.6 per cent hike in salaries and pensions of government employees could hurt India's finances even as the Centre expressed confidence that the fiscal deficit targets will not be breached. Minister ...

S&P lowers growth forecast for India to 5.5%
Standard & Poor's, global rating agencies lowered growth forecast for India by 1% to 5.5% due to poor monsoon, unresolved eurozone crises and sluggish recovery in US economy. Earlier, Moody's Analytics has cut India's growth forecast to 5.5% for this ...
Indian, Asian markets ignore Spain downgrade; open higher
The Indian indices opened higher today in line with Asian peers, igonring an S&P downgrade of Spain. The Sensex opened flat and rose more than 80 points in early morning trade amidst mixed Asian cues. The Sensex was trading at 17214.67, ...
S&P revises India outlook to negative; markets, rupee drop
Noted rating agency S&P has revised India's outlook to negative from stable, in a major blow to the currency, stock markets and the investment climate. S&P has revised the outlook in view of slowing economic growth and the widening of ...
Gold rally over S&P downgrade
Gold price rose on Monday amid global economic and financial uncertainty. S&P's decision of downgrading nine euro zone nations rating have forced global investors to park their money in yellow metal as gold being the safest investment and hedge against global ...
Sensex slips into red; IT, TECK up
The Indian benchmark indices slipped more than 50 points in morning trade on Monday tracking weak Asian trend as S&P downgraded nine euro zone nations sparing Germany which retained its AAA rating. Dropping France's AAA status and Austria a step ...
S&P downgrades nine European countries
Standard & Poor's downgraded nine euro zone countries on Friday, Jan 13. Dropping France's AAA status and stripping Italy even lower, Germany was left unchanged and retained its AAA rating, meanwhile, Portugal's debt was abandoned to junk.The single rating agency pushed ...
Is S&P responsible for the stock market fall?
Why are the stock markets falling just because S&P said US is now AA+? S&P rating could have aggravated the fall in stock market but that would have happened either way. It was not unexpected. Some of the important factors ...
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