Both benchmarks had risen 2% on Wednesday to their highest in more than a month as cooling U.S. inflation spurred hopes that the U.S. Federal Reserve will stop raising interest rates.
Speaking to reporters, Shivajirao Nagavade, Chairman of Maharashtra State Cooperative Sugar Factories Federation (MSCSFF), said that this year, the sugarcane acreage is 6.33 lakh hectares on which an estimated 485 lakh metric tonne of cane output is expected.
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Global rating agency Standard & Poor's (S&P) today affirmed 'BBB-' long-term issuer credit rating on India Infrastructure Finance Co Ltd (IIFCL).
The S&P says the ratings reflect the country's sound external profile and improved monetary credibility.
Fitch expects IBREL's net debt to reduce to around Rs 4,800 crore by end of 2015-16 fiscal from Rs 5,540 crore a year earlier, and fall further thereafter. IBREL has raised funds that it plans to use to reduce debt.
IDBI's buffers against further asset quality stress remain weak. Its core tier 1 of 7.29 percent at end March 2015 is low on an absolute level.
Moody's, which has given the lowest investment grade rating to India, named regulatory complexity and weak social and physical infrastructure as challenges before the country.
The agency also raised its forecasts for real GDP growth to 8 percent for current financial year and further to 8.3 percent in 2016-17, compared with 7.4 percent GDP growth in 2014-15.
Moddy's said there was increasing probability that actions by policy makers will enhance the country‘s economic strength, and by extension, the sovereign‘s financial strength over coming years
In an interview with CNBC-TV18, Pirion says he expects the dollar index to strengthen further. The dollar index has already hit the psychological 100 mark and Pirion says it could climb another 3-4 percent
A relative outperformer in the past few days, the rupee hit a 10-month low today, sliding to 62.25 against the dollar as Asian currencies tumble across the board on a region-wide fall in stock markets.
Rating agency Standard & Poor's on Thursday revised its outlook to 'stable' from 'positive' on Tata Motors on expectation that the leverage of the owner of marquee brands Jaguar and Land Rover (JLR) would rise.
Moody's raised the US sovereign outlook to stable from negative, noting that the federal government's debt trajectory is on track with criteria previously laid out by the rating agency.
Renowned South African anti-apartheid hero Nelson Mandela turned 95 today. The ailing icon's medical condition was reported to be steadily improving from a life threatening lung infection.
Fitch Ratings has revised India's outlook to stable from negative. Fitch's revision is based on the conviction that government has taken steps to contain fiscal deficit and would meet FY14 budget deficit target of 4.8 percent.
The Bank of Japan (BOJ) kept its monetary policy as steady and revised its assessment of the economy as it felt that the economy was picking up.
The United States government's S&P outlook has been revised to 'stable'.
The expectation of a stable outlook was warranted, perhaps as this has been work-in-progress since September 2012, says Shubhada Rao, president & chief economist, Yes Bank, reacting to Standard & Poor‘s affirmation its ‘triple B minus‘ long-term and ‘A-3‘ short-term unsolicited sovereign credit ratings on India.
Manish Wadhawan, managing director, HSBC expects the Indian rupee to be stable for the next three to six months.
Manish Dugar, CFO, Ceat says that with rubber prices remaining stable over the last 4-to-5 months on a strong demand-supply situation it is difficult to expect any fall in tyre prices. Exports constitute 24 percent of the tyre-manufacturer‘s total revenue and growth in exports continues to improve in markets like Indonesia and Italy.
Mumbai was crawling back to normal on Friday, a day after a shutdown of sorts as the Shiv Sena announced that its supremo Bal Thackeray was stable and was responding well to medicine and treatment. In some parts of the city, traffic was back on the roads, even as security remained tight.
Moody's Investors Service still considers India's sovereign ratings at 'stable', saying the growth slowdown was not irreversible, while the current 'Baa3' rating reflected the country's medium-term outlook.
The condition of Rajya Sabha MP Amar Singh, who was admitted to AIIMS last night for treatment of urinary tract infection, remained stable today, according to doctors.
Fitch's Outlook on Long-term ratings for Indian banks remains Stable in 2011, after a negative bias in 2009 following the credit crisis.