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Yours faithfully, For Tamilnad Mercantile Bank Limited Swapnil Yelgaonkar Company Secretary & Compliance Officer DELHI news bl businessline. 3 FRIDAY-AUGUST28-2026 QUICKLY. Summit diplomacy signals S&P retains India’s rating at ‘BBB’, New Zealand FTA opens citing policy stability, infra investment scope for deeper ties steady India-China reset from El Nino and volatile in- New Delhi:India and New Shishir Sinha put costs driven by the West Zealand should leverage their New Delhi Asian war. The agriculture recently signed free trade sector accounts for about 18 agreement (FTA) to deepen SCO MEET.Prime Minister Modi to hold bilateral with Putin, engage with Xi S&P Global on Thursday re- per cent of the Indian eco- trade, investment and tained India’s sovereign rat- nomy and employs 43 per economic co-operation across arrangements along the ing at ‘BBB’ with a stable out- cent of the workforce. But sectors, including housing, Amiti Sen LAC. This was followed by a look. It expects India’s “economic diversification in infrastructure, smart cities, New Delhi meeting between Modi and strong growth dynamics to recent years toward services energy, water and food Xi Jinping on the margins of continue in the medium such as finance and techno- security, industry leaders said Diplomatic momentum the BRICS Summit in Kazan. term. logy, infrastructure invest- on Thursday. The agreement, between India and China is The latest push to stabilise “India remains among the ment and manufacturing, which provides duty-free gathering pace, with Prime India-China ties came with best performing economies S&P expects expect India’s will act as stabilisers to cush- access to New Zealand for 100 Minister Narendra Modi and the 25th round of talks in the world. It averaged an- strong growth dynamics to ion the effect of weak mon- per cent of Indian exports, Chinese President Xi Jinping between Doval and Yi where nual growth of 7.9 per cent in continue in the medium term soons,” it said. offers scope for businesses in expected to come face-to- the two sides reviewed pro- the last five years over fiscal India’s current Union the two countries to expand face at the Shanghai Cooper- CLOSER TIES. A file photo of Prime Minister Narendra Modi gress in implementing 2022 (year-ended March 31, tions. This rating is con- Budget reinforces our ex- market access, forge ation Organisation (SCO) with Russia’s President Vladimir Putin (left) and China’s President earlier agreements and reit- 2022) and fiscal 2026. We sidered investment grade, pectation of gradual fiscal partnerships and step up summit in Bishkek next Xi Jinping REUTERS erated their commitment to forecast growth to fall to 6.6 indicating moderate risk. consolidation. However, “we investment, they said at a week, setting the stage for a maintaining peace and tran- per cent this fiscal year on ac- Entities rated BBB are expect the impact of an ex- session on ‘India-New Zealand possible substantive engage- day and External Affairs Min- of a short bilateral meet quillity along the border. count of an ongoing energy viewed as having a reason- cise duty reduction on fuel Trade Opportunities’ organised ment when Xi visits New ister S Jaishankar’s recent between Xi and Modi at SCO The SCO summit in shock and challenging agri- able likelihood of fulfilling along with a potentially by the PHD Chamber of Delhi for the BRICS summit Moscow visit for a trade and sidelines but nothing has Kyrgyzstan on August 31- cultural conditions. But we their obligations, but in- higher fertilizer subsidy bill Commerce and Industry here. later in September, sources tech meet, comes at a time been finalised. Even if it September 1 is to be atten- expect India’s strong growth vestors should be aware that to weigh marginally on the Participants at the session said. when India is facing uncer- doesn’t take place, there is a ded by the heads of state and dynamics to continue in the economic shifts could im- fiscal deficit this year. On a included government officials, Moscow has indicated that tainty over trade and stra- much bigger meeting that is senior representatives of medium term with GDP pact their financial stability. general government level, industry and business Russian President Vladimir tegic relations with the US. to take place in New Delhi members which include growth averaging 7 per cent our projections indicate a de- representatives from the two Putin also plans to meet “The thaw in India-China soon,” the source said. China, Russia, Kazakhstan, annually over the next three POLICY STABILITY ficit of 7.3 per cent of GDP in countries. PTI Modi on the sidelines of the relations is now getting Kyrgyzstan, Tajikistan, years,” the agency said, while Talking about the ‘stable out- fiscal 2027, and for this to de- Bishkek gathering — a meet- translated into the possibil- XI’S INDIA VISIT Uzbekistan, India (joined in adding that such a trend has look’, the agency said it re- cline to 6.6 per cent by fiscal ‘India committed to seal ing the Indian government ity of closer trade and stra- Xi’s proposed visit to New 2017), Pakistan (joined in a moderating effect on the flects its view that continued 2030,” it said. pact with Chile this year’ has since confirmed — ahead tegic ties. The meetings at Delhi on September 12-13 2017), Iran (joined in 2023), ratio of government debt to policy stability and high in- On inflation, it said infla- of a bigger meeting between the SCO Summit and BRICS for the BRICS Summit would and Belarus (joined in 2024). the GDP despite wide fiscal frastructure investment will tion began rising in recent the two leaders in Delhi later Summit could be crucial in be his first in seven years, Modi will embark on a deficits. support India‘s long-term months reaching 4.4 per cent New Delhi:India is committed this month. determining the road coming after bilateral ties four-day, two-nation visit to In 2025, after a gap of 18 growth prospects. That, in June driven by food infla- to concluding the ongoing This sequence of high- ahead,” a source tracking the nosedived following the Uzbekistan and the Kyrgyz years, the upgrade moved In- along with stable fiscal and tion and high energy prices. negotiations for a trade pact level engagements between matter told businessline. 2020 Galwan Valley clash Republic from August 29 to dia’s long-term sovereign monetary policies that mod- Food accounts for about 37 with South American nation India, China and Russia, Indian officials did not and the subsequent military September 1. He will first credit rating to ‘BBB’ from erate the [Showing first 8,000 characters — download PDF for full document]