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New Delhi, Fitch Ratings on Friday revised its outlook on domestic steel major Tata Steel to negative due to uncertainty over the turnaround of the company's operations in the UK.However, expected strong growth in Tata Steel's India operations and potential earnings before interest, taxes...

New Delhi, Fitch Ratings said it has affirmed the 'BBB+' rating with a stable outlook on Larsen & Toubro and stressed that the ratings indicate the company's strong financial structure and strong financial flexibility."Fitch Ratings has assigned India's Larsen & Toubro Ltd. (L&T) for the first...

Beijing and Maldives Trade Minister Mohamed Saeed held talks on Thursday with Chinese banks to form strategic alliances to boost his country's economy, while US credit rating agency Fitch downgraded Male's credit rating to junk, which raised questions about the country's ability to pay its...

New Delhi [India], India's oil and gas sector is set for a nuanced fiscal performance in FY24, with expected declines in downstream earnings contrasting strong upstream growth, according to the latest analysis from Fitch Ratings .Fitch projects a 3-4 per cent rise in demand for Indian...

New Delhi [India]: Putting an end to the debate on India's growth being based on government capital expenditure, global rating agency Fitch Ratings said rising consumer confidence will lead to increased consumer spending, indicating increased income for the people.The credit rating agency said...

NEW DELHI: Fitch Ratings on Tuesday raised India's growth forecast for the current financial year to 7.2 per cent from 7 per cent estimated in March, and said rising consumer confidence will boost spending besides an increase in investment.In the June update of its Global Economic Outlook...

New Delhi [India]: Global growth in 2025 is expected to slow to 2.4 per cent from 2.6 per cent in 2024, as US economic expansion slows to a trend rate of 1.5 per cent, according to ratings agency Fitch.The US rating agency has projected China's growth rate to slow to 4.5 percent due to a...

The rating agency said in its report that improvement in consumer spending and rising investment trends are the main factors for this update.“We expect the Indian economy to achieve a strong growth of 7.2 per cent in FY2025,” Fitch said in its Global Outlook report.The estimate released by...

New Delhi: Fitch Ratings on Tuesday raised India's growth forecast for the current financial year to 7.2 per cent from 7 per cent estimated in March, citing improvement in consumer spending and increased investment.For fiscal years 2025-26 and 2026-27, Fitch projected growth rates of 6.5...

New Delhi [India], Fitch Ratings estimates that the election defeat will not lead to major policy changes. Instead, the Budget in July is likely to provide a clearer picture of the government's economic recovery strategies and fiscal objectives for the next five years.India's recent election...

New Delhi, As the NDA is all set to form the government, Fitch Ratings on Thursday said coalition politics and a weak mandate could make it challenging to pass laws on ambitious reforms.“We believe major reforms in land and labor laws will remain on the agenda of the new government as it seeks...

New Delhi [India], Fitch Ratings has maintained India's Long-Term Foreign-Currency Issuer Default Rating (IDR) assessment at 'BBB-' with a Stable Outlook, despite the coalition government following the recent election results.The affirmation of India's ratings highlights Fitch's confidence in...

New Delhi: Global rating agencies on Wednesday said the BJP is losing its absolute majority and now has to depend on allies to form the government, which could delay more far-reaching elements of economic and fiscal reforms like land and labour. and the progress of fiscal consolidation may be...

New Delhi, Fitch Ratings said in a note on Wednesday that the BJP losing absolute majority and relying on allies to form the government could pose challenges for more ambitious elements of the reform agenda such as land and labour.Prime Minister Narendra Modi-led BJP lost its majority for the...

New Delhi, Travel tech platform Oyo reported its first profitable financial year in fiscal 2023-24 with net earnings of around Rs 100 crore, founder Ritesh Agarwal said on Thursday.social media platform“While a happy customer or a hotel partner brings the biggest smile to my face, our first...

New Delhi, Fitch Ratings on Monday announced it has upgraded the ratings of Oy parent firm Oravel Stays, citing the hospitality company's improved financial profile.According to a statement, Fitch has raised Oravel Stay's long-term foreign and local currency issuer default ratings to 'B' from...

"The higher-than-expected RBI dividend will help the government meet its 5.1 per cent GDP deficit target for the fiscal year ending March 2022 and be used to reduce the deficit beyond the current target," Fitch Ratings said. May go." In a report on Monday.The new government's budget is likely...

New Delhi [India], The all-time high dividend of Rs 2.11 lakh by the Reserve Bank of India will help the government maintain the fiscal deficit target at 5.1 per cent for the year 2024-25. Higher dividend by RB could push FDs below target, says Fitch Ratings "The Reserve Bank of India's (RBI)...

New Delhi: The record-high dividend transfer by the RBI to the government is equivalent to 0.6 per cent of GDP, and such a high level of dividend as a percentage of GDP is unlikely to be sustained, Fitch Ratings said on Monday.The board of India's central bank last week decided to transfer a...

New Delhi [India], Fitch Ratings believes that if the Reserve Bank of India (RBI's latest efforts) to strengthen corporate governance and risk management in non-bank financial institutions (NBFIs) are successful, The risks to the industry will reduce in the long term. may be lower, but it will...