Oct 05, 2021 02:39 PM IST
The price for gas from fields that were assigned by the state to oil companies, mainly Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL), increased to USD 2.90 per million British thermal units (mmBtu) for October 2021-March 2022, from USD 1.79 per mmBtu in the previous six months.
- Jul 07, 2021 02:54 PM IST
In a report, the global rating agency said the challenges for banking sector posed by the coronavirus pandemic have increased due to a virulent second wave in the first quarter of the financial year ending March 2022 (FY22).
- May 10, 2021 10:22 AM IST
The Reserve Bank of India (RBI) rolled out last Wednesday a slew of measures including a loan restructuring scheme to help lenders tide over mounting bad loans and give some borrowers more time for debt repayment.
- Mar 08, 2021 03:09 PM IST
Fitch added it sees high risk of a "protracted deterioration" in asset quality with more pressure on loans to retail and stressed small and medium-sized enterprises.
- Feb 10, 2021 03:46 PM IST
Fitch said the announcement of an asset reconstruction company and an asset management company to deal with non-performing assets should be credit positive and added that plans to privatise two state-run banks could also be significant.
- Dec 08, 2020 11:08 AM IST
India's GDP contraction was previously projected to be 10.5 percent
- Sep 09, 2020 03:27 PM IST
The rating agency affirmed Bharat Petroleum Corporation Ltd''s (BPCL) long-term foreign-currency issuer default rating (IDR) at ''BBB-''. The outlook is ''Negative''.
- Sep 08, 2020 02:14 PM IST
Fitch Ratings too on September 8 projected a massive 10.5 percent contraction of India's GDP in the current financial year.
- Sep 03, 2020 02:53 PM IST
The government-led merger of state-owned banks helped them to consolidate their market position in the last few years, but their market shares will continue to erode if they do not raise adequate capital to absorb future stress and support growth, the rating agency said
- Aug 18, 2020 06:45 PM IST
Attributing the marginal improvement in July volumes to pent-up demand following easing of lockdown restrictions, Fitch said the problems facing the auto industry remains unabated.
- Jul 02, 2020 02:10 PM IST
Fitch said cash flow implications of the moratorium, which the RBI has extended to end-August, have not been uniform across the industry, affecting liquidity profiles of some NBFIs more materially and placing pressure on their ability to repay or refinance upcoming obligations.
- Jun 24, 2020 08:50 AM IST
The PSUs whose rating outlook has been revised include IOC, Bharat Petroleum Corp Ltd (BPCL), Oil India Ltd (OIL), GAIL India Ltd, Power Grid Corp of India Ltd and NTPC Ltd.
- Jun 01, 2020 10:02 PM IST
Experts are of the view that Moody’s downgrade is unlikely to take the Nifty to a new low because the market seems to be climbing a wall of worries on the back of strong liquidity
- May 21, 2020 01:50 PM IST
On March 11, the Ministry of Finance increased allocation - 0.008 per cent of the country's GDP - to the health services division to support an expansion of healthcare spending, Fitch Solutions Country Risk and Industry Research (a unit of Fitch Group) said.
- May 14, 2020 10:51 AM IST
Despite additional funding, the continued lack of medical investment and healthcare infrastructure will present challenges to mounting an effective response in India against COVID-19 pandemic, Fitch Solutions has said.
- Apr 29, 2020 12:41 PM IST
The RBI's Rs 50,000 crore Special Liquidity Facility for Mutual Funds (SLF-MF) will provide 90-day repo funding to banks, to extend liquidity to - or purchase commercial paper and debt securities from - local mutual funds.
- Apr 23, 2020 12:06 PM IST
Reliance Retail, RIL's retail arm, has also partnered with Facebook's WhatsApp to allow RIL's e-commerce business users to use the WhatsApp platform.
- Apr 16, 2020 07:35 PM IST
This move will have negative consequence for the company's debt profile which will spike its borrowing cost.
- Mar 26, 2020 05:20 PM IST
The score has been revised to “BB” from “BB+” earlier, the agency said, pointing out that COVID-19 outbreak ups the worries for the sector, which is already reeling under weak business and consumer confidence.
- Feb 27, 2020 07:45 AM IST
The revision of the outlook reflects the risks in the company's ability to deleverage and generate positive free cash flow because of the various challenges in the Indian market, JSW Steel said.
- Feb 19, 2020 08:38 PM IST
Automakers could also face production disruptions if the novel coronavirus outbreak in China leads to a prolonged halt in supply of required auto components, as the industry sources as much as 27 per cent of its demand from China worth around USD 5 billion, according to many analysts.
- Feb 13, 2020 12:33 PM IST
The government last month promulgated an ordinance for amendment in the MMDR Act 1957 and the CMSP (Coal Mines (Special Provisions) Act, 2015, a move aimed at enhancing the ease of doing business, among others.
- Jan 14, 2020 11:20 AM IST
"Fitch Ratings has assigned a rating of 'BB' to Glenmark Pharmaceuticals Ltd's (BB/Stable) proposed US dollar-denominated senior unsecured notes," it said in a statement.
- Jan 13, 2020 10:42 AM IST
According to Fitch Ratings, 'BB' ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse changes in business or economic conditions over time.
- Jan 09, 2020 04:08 PM IST
"The notes are rated at the same level as Bharti's foreign-currency senior unsecured rating of 'BBB-' and are also placed on RWN," it said in a statement.