Business news

India clocks rapid progress in food, energy and defence sectors over last 10 years: Report

S&P Global upgrades India sovereign credit rating to 'BBB', outlook stable

The short-term rating on India has also been revised to A-2 from A-3 earlier, and the transfer and convertibility assessment has been revised to A- from BBB+.The impact of US tariffs on India will likely be manageable, with sound economic fundamentals expected to support the country's growth momentum over the next two to three years, according to the note.

Aug 14, 2025

Jan 1, 1970

India clocks rapid progress in food, energy and defence sectors over last 10 years: Report

Key schemes bolstering this effort include the PM-KISAN scheme, which gives direct income support to over 110 million farmers, the MGNREGA rural employment security that indirectly strengthens purchasing power for food, as well as the Soil Health Card Scheme and PM Krishi Sinchayee Yojana, which target sustainable soil and water management.

Aug 14, 2025

Stock market hits 9-month high as Sensex surges past 84,000, Nifty nears 25,650

Indian stock market settles flat ahead of key US-Russia summit

Sensex settled at 80,597.66, up 57 points or 0.07 per cent. The 30-share index started the session slightly up at 80,625.28 against last session's closing of 80,539.91, continuing the last day's momentum. The index remained range-bound, touching an intra-day high at 80,751.18 and a low at 80,489.86, during the session amid a mixed approach from the investors.

Aug 14, 2025

Indian markets remain resilient despite Rs 1.5 lakh crore sell-off by FIIs

Uncertainty over trade deals with the United States and a possible extension of US-China negotiations are diverting foreign institutional investment flows. Indian investors look forward to US President Donald Trump's meeting with Russian President Vladimir Putin on August 15, as any positive outcome could cool down tariff-related uncertainties.

Aug 14, 2025

Jan 1, 1970

Banks to clear cheques within few hours starting October 4: RBI

The RBI decided to transition CTS from batch processing to continuous clearing with 'on-realisation-settlement' to improve the efficiency of cheque clearing, reduce settlement risk for participants, and enhance customer experience.

Aug 14, 2025

Bitcoin touches record high on hopes of US Fed rate cut

The development, coupled with supportive financial reforms, particularly under the pro-crypto stance of the US President Donald Trump's administration, boosted investor sentiment.

Aug 14, 2025