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| S&P Warns India of Junk Rating |
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Global agency Standard & Poor’s reportedly warned that it may downgrade India’s sovereign rating to junk grade if the government fails to pursue reforms and check deterioration in fiscal and current account deficits. While retaining India’s sovereign rating at ‘BBB -’ with a negative outlook, S&P reportedly said there is at least a one-in-three likelihood of a downgrade within the next 12 months.
‘BBB-’ is the lowes
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| Nexus 4 Arrives In India |
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LG and Google announced that Nexus 4, the official Android phone, would be available in India in the coming days at an MRP of Rs 25,999. Yesterday, the device became available fo |
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| Air India To Cut Losses |
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India’s official airlines Air India will cut its losses by around Rupees 1200 crores in this fiscal year.
Ajit Singh, civil aviation minister of India mentioned th |
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| Samsung Tests 5G Technology |
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Samsung Electronics reportedly said it had successfully tested super-fast fifth-generation (5G) wireless technology that would eventually allow users to download an entire movie |
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