The divergence between Bharti's and Vodafone Idea's financial performance continued in 2QFY20, while Jio continued to report strong revenue and EBITDA growth. During 2QFY20, Bharti reported a 1 per cent rise in revenue and 3 per cent growth in like-for-like EBITDA quarter-on-quarter (q-o-q).
Fitch said it was revising the fiscal deficit forecast as revenue collection is likely to fall far short of the projections in the FY2019/20 Union Budget due to weak goods and services tax (GST) and corporate income tax collections.
Fitch Ratings has placed Bharti Airtel Ltd on 'rating watch negative' over unpaid regulatory dues arising from a recent Supreme Court ruling.
Fitch Solutions Macro Research on Tuesday said it has revised downwards its 2019 global steel price forecast as global prices continue to be hammered by poor sentiment amid ongoing US-China trade tensions and increasing downside risks to the global economy.
A fraud of around $2.2 billion took place in PNB, the second largest in public sector, by diamond trader Nirav Modi and his uncle Mehul Choksi.
The move is likely to have an impact on global rating agencies like S&P, Moody's and Fitch which have significant holdings in domestic agencies besides their direct presence.
India’s 30-place leap in the World Bank’s ‘Doing Business 2018’ rankings affirm India’s growth story as well as the Centre’s reforms agenda.
Fitch on Monday lowered India's growth forecast to 6.9 per cent from earlier prediction of 7.4 per cent.
Finance Minister Arun Jaitley in his Budget for 2017-18 proposed to merge some of the 13 state oil firms to create an integrated public sector oil major.
Chennai: India is better placed than many of its peers after the American central bank - the US Federal Reserve - raised its key interest rates, said credit rating agency Fitch Ratings on Thursday."India is
NEW DELHI: Global rating agency Fitch today said the likely upturn in the country's investment climate and reduction in interest rates will improve the property market by the end of March 2016 and provide relief
New Delhi: Global rating agency Fitch today retained India's credit outlook at 'stable' saying although "dynamism" is back in the economy translation of reforms into higher growth would depend upon actual implementation.The agency also raised
New Delhi: Expecting a slew of reforms in the upcoming Union Budget, global rating agency Fitch has said any deviation from fiscal consolidation path could be a negative for its investment grade rating for India.Fitch
New Delhi: Fitch Ratings has assigned a BBB-rating to State-run NTPC's proposed $2-billion medium-term note programme.The BBB rating is considered secure by Fitch.“The notes will constitute direct, unconditional, unsubordinated and unsecured obligations of NTPC. The
New Delhi: India's growth is expected to accelerate to 5.6 per cent in the current fiscal and further to 6.5 per cent in 2015-16, buoyed by strong investments and political certainty, rating agency Fitch said
Mumbai: International rating agency Fitch today downgraded Anil Agrawal-promoted Vedanta's credit rating to ‘BB' from BB+ with a stable outlook and then withdrew its ratings.“We have downgraded the long-term issuer default rating (IDR) of Vedanta
Mumbai: Ratings agency Fitch today warned that the acquisition of WhatsApp by Facebook and the former's plans to enter voice calls will further dent global telcos' ability to increase free cash flows, but ruled out
New York: As the Congress failed to make a headway in breaking the impasse over raising the country's debt ceiling before the deadline of October 17, a gloomy picture of default loomed over the horizon
New Delhi: Fitch Ratings cut India's growth forecast for the current financial year to 4.8 percent, saying weak demand is a large drag on the economy.The new estimate compares with projections of 5.7 per cent
New Delhi, June 12: In what may serve to be a big boost to investor sentiment, Fitch ratings has upgraded India's outlook to stable from negative. The international ratings agency has affirmed India's credit rating
Top News
Latest News
