The failure of another bank in recent weeks the third failure in the past 16 months underlines the challenges in the financial sector.
December 8, 2020GRMs of BPCL, Indian Oil Corp (IOC), Hindustan Petroleum Corp Ltd (HPCL) and Reliance Industries Ltd fell sharply in April-June due to weak industry conditions and inventory losses.
October 15, 2020STFC's rating has been affirmed at 'BB' and Rating Watch Negative (RWN) has been removed.
September 22, 2020RIL's acquisition of Future Group's warehousing and logistics business, in addition to its stores, will help expand the scale of JioMart, RIL's online grocery platform.
September 11, 2020India's GDP shrank by a staggering 24 per cent year-on-year amid the imposition of one of the most stringent global nationwide lockdown.
September 8, 2020The recent increase in Asian spot LNG prices to above USD 3 per MMBTU should limit the extent of the losses, but a potentially slower demand recovery post lockdown is likely to keep the margin in the red.
August 24, 2020Fitch said India's auto demand continues to face several challenges, while it forecasts overall industry volume to decline over 20 per cent.
August 18, 2020SBI is 57.9 per cent state-owned and has a much broader policy role than peers.
June 22, 2020Fitch said its forecasts are subject to considerable risks due to the continued acceleration in the number of new COVID-19 cases as the lockdown is eased gradually.
June 18, 2020India on March 25 instituted the world's largest lockdown to combat the novel coronavirus, halting almost all economic activities.
June 10, 2020The American credit agency estimates that the impact on impaired-loan ratios could be anywhere between 200bp-600bp.
May 28, 2020The rating agency said a seeming reluctance for fiscal expansion by the central government amid the COVID-19 crisis in India also poses a significant downside risk to its 1.8 per cent growth forecast for 2020-21 fiscal.
May 19, 2020Fitch said the 100 per cent guarantee for MSME loans and farm support schemes were the two main highlights from the announcements.
May 15, 2020It also got USD 1 billion from selling 49 per cent stake in the auto fuel retailing business to BP plc.
May 13, 2020GMR Hyderabad International Airport Limited (GHIAL) and Delhi International Airport Limiteds (DIAL) operations are limited to cargo and evacuation flights under these circumstances.
May 12, 2020Fitch said its assessment of India's rating in such a case would be guided by our judgement of its probable medium-term fiscal path in the post-crisis environment.
April 28, 20201. This is the third update of Fitch Ratings’ Global Economic Outlook forecast in a month. 2. In a normal scenario, these ratings are given on a quarterly basis.
April 23, 2020