Standard and Poor's revises India outlook to 'negative' from 'stable'

   Apr 25, 1:45 pm

Washington, Apr 25 (ANI): United States-based rating agency Standard and Poor's has revised India's economic outlook to negative from stable, citing a slowdown in investment and economic growth and a widening in the current account deficit.

According to the agency, this has resulted in a weaker medium-term credit outlook, The Wall Street Journal reports.

"The negative outlook signals at least a one-in-three likelihood of the downgrade of India's sovereign ratings within the next 24 months," S and P said.

The agency affirmed its 'BBB-' long-term and 'A-3' short-term sovereign credit ratings on India. (ANI)

Google CEO names Sundar Pichai as new head of products Oct 25, 2:16 pm
Washington, Oct 25 (ANI): Google CEO Larry Page has reportedly transferred leadership of all cores Google products over to Sundar Pichai, who was formerly head of Android and Chrome OS.
Full Story
21 countries including China, India sign MOU on Asian infrastructure development bank Oct 25, 2:16 pm
Washington, Oct 25 (ANI): Twenty-One Asian countries including India, China, and Pakistan have signed an inter-governmental memorandum of understanding on the Asia Infrastructure Investment Bank for regional development.
Full Story
Russian weed maker buys Ebola.com for 200,000 dollars Oct 25, 2:16 pm
Washington, Oct 25 (ANI): Businessman Jon Schultz has reportedly sold Ebola.com for a whopping amount of 200,000 dollars, which he bought for 13,500 dollars in 2008.
Full Story
Apple planning to integrate Beats Music with iTunes next year: Report Oct 25, 11:58 am
Washington, Oct 25 (ANI): The iPhone maker, Apple is reportedly planning to re-launch Beats Music and integrating it with iTunes next year.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY