India gets upgraded to ‘BBB' with a ‘Stable' trend in rating by Morningstar DBRS
The global sovereign credit rating agency,
Morningstar DBRS
on Friday upgraded India's Long-Term Foreign and Local Currency – Issuer Ratings from BBB (low) to BBB with a Stable trend.
#Operation Sindoor
India-Pakistan Clash Live Updates| Missiles, shelling, and attacks — here's all that's happening
Pakistani Air Force jet shot down in Pathankot by Indian Air Defence: Sources
India on high alert: What's shut, who's on leave, and state-wise emergency measures
India's Short-Term Foreign and Local Currency Issuer Ratings were also upgraded to R-2 (high) from R-2 (middle) with a Stable trend.
Key drivers for the upgrade include India's structural reforms through infrastructure investments, digitalisation etc., all of which facilitated fiscal consolidation (declining debt and deficit) and sustained high growth (clocking an average GDP growth of 8.2% during FY22-25) with macroeconomic stability (stabilised inflation, range bound exchange rate and sound external balance). A resilient banking system featuring well-capitalised banks with a high capital adequacy ratio and a 13-year low non-performing loans was another significant driver for the upgrade.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
They were so beautiful before; look at them now; number 10 will Surprise you
Today's NYC
Undo
(More to come)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
United News of India
41 minutes ago
- United News of India
Modi 'surrendered' after Trump phone call: Rahul
Bhopal, June 3 (UNI) Congress leader and Leader of the Opposition in Lok Sabha Rahul Gandhi on Wednesday launched a scathing attack on Prime Minister Narendra Modi, accusing him of "surrendering" in the context of Operation Sindoor after a phone call by US President Donald Trump. "I know the BJP and RSS people well. They are the type who surrender when put under pressure," Gandhi said while addressing District and Block Congress presidents and party leaders at Ravindra Bhavan here. Referring to the ceasefire announced by India on May 10 after four days of military confrontation with Pakistan under Operation Sindoor, he alleged that Modi ended fighting after Trump made a phone call to him. "Trump made a call and said, 'Modi ji, what are you doing? Narendra surrender.' And, with 'Ji Huzoor' (Ok sir), Narendra Modi ji followed Trump's hint," Gandhi alleged. He drew a contrast between the attitudes of the Congress party and those of the BJP-RSS and cited the example of former Prime Minister Indira Gandhi's firm stance during the 1971 war with Pakistan. Rahul Gandhi underlined that his Congress party will not surrender and is willing to fight for its principles. He reiterated his party's demand for a caste-based census, saying it should be conducted as per the Telangana model, where extensive consultations were held with people. The Congress leader also targeted industrialist Gautam Adani, alleging that the government is willing to give away everything to him. UNI XC AKT AKK SSP
Time of India
an hour ago
- Time of India
Sebi introduces new guidelines for MF nomination process: What investors need to know
To simplify and safeguard the nomination process in a mutual fund, markets regulator Sebi has come up with more operational guidelines. The move will lead to certain changes in the coming months. WHAT IS NOMINATION IN A MUTUAL FUND? WHY IS IT IMPORTANT? Nomination is the process of appointing a person to take care of your assets in the event of your death. Regulatory guidelines make it mandatory for new folios/accounts opened by an individual in a single name to make a nomination. In case investors do not wish to nominate, they need to confirm the same in the application form. Nomination makes transmission easy for the heirs in the event of the unitholder's death. However, in the absence of a nominee, the heirs/claimants will have to produce a host of documents like a will, legal heir certificate, no-objection certificate from other legal heirs etc., to get the units transferred in his/her name WHAT ADDITIONAL THINGS DOES ONE HAVE TO MENTION IN THE NEW NOMINATION FORMS THAT WILL BE IN EFFECT FROM JUNE 1? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Air conditioners without external unit. (click to see prices) Air Condition | Search Ads Search Now Undo Starting June, a new format of the nomination form must be used. This new format is available on all mutual fund house websites, mutual fund registrar websites and that of Association of Mutual Funds of India (AMFI). As per the new rules, investors will have to provide the nominee's full name, relationship with investor, percentage of share, address, email ID, mobile number. In addition to the above they have to provide one of the following identity details, namely PAN, driving licence, last 4 digits of Aadhaar or passport number. If the details are incomplete there could be delays or rejections due to NIGO—not in good order—and the form could be rejected. Investors have to merely provide these details in the form and no proof of any documents is required while making these nominations. Investors can also opt out of the nomination by using the relevant form and there is no change in that form. In addition, an investor can also authorise one of the nominees to operate the account on his behalf, in case of incapacitation, and authorise the nominee to encash his assets up to a specified percentage from this account or folio. DO EXISTING INVESTORS IN MUTUAL FUND SCHEMES HAVE TO DO ANYTHING NOW? It is not mandatory for existing mutual fund investors, who have a nomination in their folios, to make any changes now Live Events HOW MANY PEOPLE CAN YOU NOMINATE? You can add 3 nominees up to August 31, 2025. And from September 1, 2025 you can add up to 10 nominees in a folio. HOW CAN YOU MAKE A NOMINATION IN YOUR MUTUAL FUND FOLIO? Completion of the nomination is simple and can be done online through RTA (registrar and transfer agent) websites or fund house websites. For those not keen to do it online, one can use a relevant physical form, sign it and send it to the fund house. In case the mobile numbers or email IDs of the second holder are not updated with the fund house, the online process will not work and investors may have to do it by filling a form only.
India Gazette
an hour ago
- India Gazette
Union Minister Piyush Goyal highlights 'India Opportunity' at India-France Business Conference
Paris [France], June 4 (ANI): Union Minister for Commerce and Industry Piyush Goyal addressed the India-France Business Conference on Tuesday (local time), highlighting the 'India Opportunity', driven by a skilled and talented workforce and the government's commitment to ease of doing business, and how it offers promising avenue for French companies. In a post on X, Goyal stated, 'It was a pleasure to address the India-France Business Conference, which brought together several Indian and French companies. Highlighted the 'India Opportunity', driven by a skilled & talented workforce and the government's commitment to ease of doing business, and how it offers promising avenues for French companies. Encouraged companies from both sides to collaborate by building on shared interests and leveraging each other's competencies. Deeper engagement between our businesses will play a significant role in further strengthening the India-France strategic partnership.' He also addressed the India-France CEO Forum Small Group Meeting in Paris, along with Laurent Saint-Martin, the French Minister Delegate for Foreign Trade and French Nationals Abroad. Goyal highlighted the growing confidence of French companies in India's economic story and emphasised the mutual commitment to advancing economic and trade ties while building a smarter future together. In a post on X, Goyal stated, 'Addressed the India-France CEO Forum Small Group Meeting today in Paris along with French Minister Delegate for Foreign Trade and French Nationals Abroad @LaurentSMartin. During the interactive discussion, attended by Indian & French companies, we covered a wide range of aspects of India-France cooperation, including technology, AI, education, and startups. I further highlighted how French companies believe in the India story and how both sides are committed to advancing economic and trade relations and cultivating a smarter future together.' Piyush Goyal held a meeting with World Trade Organization (WTO) Director General Ngozi Okonjo-Iweala in Paris and emphasised India's commitment to help strengthen a fair, inclusive, and rules-based multilateral trading system. 'Had a productive meeting with @NOIweala, Director General of @WTO, in Paris. Emphasised India's commitment to help strengthen a fair, inclusive, and rules-based multilateral trading system,' Goyal posted on X. In another bilateral meeting, Goyal met with Saudi Arabia's Minister of Commerce, Majid Al-Kassabi, to discuss ways to enhance bilateral trade, explore new investment opportunities, and deepen economic cooperation. Sharing details regarding his meeting with Saudi Arabia's counterpart on X, Goyal wrote, 'Held a productive meeting with Saudi Arabia's Minister of Commerce H.E. @MAlKassabi. Discussed enhancing bilateral trade, exploring new investment opportunities, and strengthening our economic partnership.' Piyush Goyal held a meeting with French Minister Delegate for Foreign Trade and French Nationals Abroad, Laurent Saint-Martin on Tuesday. During the meeting, the two leaders explored new avenues to enhance bilateral trade and investments and facilitate business-to-business engagement. After his meeting with Saint-Martin, Goyal on X wrote, 'Good meeting with the French Minister Delegate for Foreign Trade and French Nationals Abroad, @LaurentSMartin. Explored new avenues to enhance bilateral trade and investments, and facilitate business-to-business engagement. We also reaffirmed our shared commitment to making technology a new cornerstone of the Indo-French economic partnership, especially in the context of the upcoming India-France Year of Innovation 2026.' The discussions, which took place during Goyal's three-day official visit to France, also reviewed the progress of the India-EU Free Trade Agreement (FTA) negotiations, signalling a strong intent to bolster bilateral ties amidst a shared commitment to innovation and economic growth. (ANI)
