S&P Global Ratings on Friday downgraded Vedanta Resources to among its lowest ratings citing a “distressed” bond extension move, marking the second downgrade of the company this week. The agency reduced Vedanta’s issuer rating to “SD” or “selective default” from “CC,” indicating the agency believes the company has defaulted on some payments but will meet … Read more
The ratings firm has projected inflation to hit 5.5% this year, up half a percentage point from its previous forecast. Earlier this week, S&P retained its forecast for India’s economic growth at 6% for FY24 and 6.9% for the subsequent two years. “The risks are fairly balanced, especially on growth. In fact, growth could come … Read more
Wall Street‘s main indexes opened lower on Monday as protests in major Chinese cities against strict Covid-19 policies reignited concerns about economic growth, while Apple slipped on a report of disruption in production at a factory in China. The Dow Jones Industrial Average fell 71.1 points, or 0.21%, at the open to 34,275.91. The S&P … Read more
Here are the highest paid male and female CEOs in the S&P 500 index for 2021, as calculated by The Associated Press and Equilar, an executive data firm. The AP’s compensation study covered 340 executives at S&P 500 companies who have served at least two full consecutive fiscal years at their respective companies, which filed … Read more
The Samajwadi Party and its allies on Tuesday alleged that two trucks laden with electronic voting machines have gone missing in Varanasi after the March 7 voting. The SP along with its allies Suheldev Bhartiya Samaj party and Janwadi Party (Socialist) made the allegation in a memorandum submitted to the office of Chief Electoral Officer … Read more
BJP leaders from various parts of Uttar Pradesh have alleged that names of many voters who could have voted for the party were found missing in the final list on voting day in many phases of polling. Some hinted at an adverse role being played by government employees, including teachers, who were ap- pointed as … Read more
As the fiercely contested Uttar Pradesh assembly elections enter the final round, the Kashi Vishwanath temple here is witnessing a rush of political leaders. They have been making a beeline at the famous shrine dedicated to Lord Shiva since the past few days in Varanasi, Prime Minister Narendra Modi’s parliamentary constituency and the focus of … Read more
(This story originally appeared in on Mar 03, 2022) NEW DELHI: BJP versus (SP vs BSP) … Well that’s how we can describe the electoral contest in 2017 in the 57 seats that are voting today in the Phase 6 of Uttar Pradesh elections. The battle for UP is now in its eastern parts of … Read more
Amid the ongoing Uttar Pradesh assembly elections, Union Home Minister Amit Shah on Saturday promised that free LPG cylinders would be provided to people on Holi and Diwali if the Bharatiya Janata Party (BJP) government returns to power in the state. Addressing a public meeting at Unchahar in Raebareli, Shah said, “For so many years … Read more
Perfume capital and a traditional Samajwadi Party bastion, Kannauj is headed for a close contest between the BJP and the SP, with law and order and welfare policies cited by BJP supporters as reason for their support even as halting of vikas (development) in the district, unemployment and resentment against the BJP’s religious plank bolsters … Read more