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The S&P Global logo. | Photo Credit: Reuters The ratings agency S&P Global has after an 18-year gap upgraded India’s rating, to BBB from BBB-, citing the country’s “economic resilience and fiscal consolidation”. S&P also kept India’s long-term outlook as ‘stable’. In a post on X, the Ministry of Finance welcomed the decision, saying it…
Deepseek logo. | Photo Credit: Reuters The S&P 500 and the Nasdaq dropped on Monday (January 27, 2025), as the surging popularity of a low-cost Chinese artificial intelligence model knocked shares of chipmaker Nvidia and other companies benefiting from investments into the technology. Chinese startup DeepSeek has rolled out a free assistant it says uses…
Read More “Nasdaq, S&P tumble as China’s DeepSeek AI model rattles Big Tech” »
Representational image only. File | Photo Credit: Reuters Activity levels across India’s private sector are seeing a modest uptick this month, even as cost pressures have surged to a 16-month high for both services and manufacturing players, compelling them to raise prices charged to customers at a pace not seen since February 2013, as per…
Read More “Flash PMI signals India’s private sector activity at three-month high in November” »
Representational image only. | Photo Credit: The Hindu Manufacturing firms’ order books and output levels expanded at the fastest pace in nearly three years this August, as per the S&P Global India Manufacturing Purchasing Managers’ Index (PMI) that rose to 58.6 last month from 57.7 in July. A reading of over 50 on the index…
Read More “S&P Global India Manufacturing PMI signals August activity hit nearly three-year high” »