Move comes after Reliance Industries Ltd called off the mega deal to acquire various assets of the Future group last week...

Standard & Poor says the affirmation of its ratings follows a revision to its criteria for rating lenders and non-bank financial institutions...

At present, India’s sovereign rating is one notch above junk, and any downgrade will increase borrowing costs both for the government and companies...

After plunging 509 points during the day, the 30-share BSE Sensex pared some losses to end 209.75 points, or 0.60%, down at 34961.52...

S&P says worsening operating conditions following Covid-19 have increased the risks for financial institutions operating in India...

Fitch: Growth this fiscal at -5%. Next fiscal 9.5% growth; S&P: Long-term sovereign rating stays at BBB- with stable outlook...

Fiscal deficits have exceeded the government’s plan, S&P said, adding it expects limited consolidation over the next few years...

The rating agency has a BBB- rating with a stable outlook for India...

There are fears that the slowdown might turn into a tailspin by gathering momentum...