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  Fitch renews warning on India's outlook; rupee falls

  January 09, 2013 10:39 IST

  New Delhi, Jan 8 : Fitch Ratings today renewed its  “negative” outlook on India's sovereign credit rating, citing concerns about slowing economic growth, persistent inflationary pressures and an uncertain fiscal outlook.The comments from Fitch sovereign

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  Fitch lowers India's growth forecast to 6 per cent

  September 28, 2012 23:54 IST

  New Delhi, Sep 28: Ratings firm Fitch, on Friday, lowered India's growth projection for the current fiscal to 6 per cent from 6.5 per cent estimated earlier citing challenging economic outlook. “India's economic outlook remains

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  Chances of lowering India rating higher in 12-24 months: Fitch

  August 12, 2012 13:18 IST

  New Delhi, Aug 12: Fitch Ratings, which recently lowered India's credit outlook to negative, has said that possibility of downgrading the country's sovereign rating is more than 50 per cent in the next 12-24 months.

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  AI invites offer for appointing merchant bankers for its NCDS

  July 13, 2012 18:29 IST

  New Delhi, July 13: Air India has invited offers for appointment of merchant bankers for issuing government-guaranteed bonds to the tune of Rs 7,400 crore to raise resources, airline sources said today.  The move to

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  Fitch lowers rating outlook of SBI, ICICI, PNB among others

  June 20, 2012 17:06 IST

  New Delhi, Jun 20: Global agency Fitch today cut credit rating outlook to negative from stable of 11 financial entities including SBI , ICICI Bank , PNB and Axis Bank . The action follows the

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  Fitch lowers India's credit rating outlook to negative

  June 18, 2012 17:26 IST

  New Delhi, Jun 18: Another global rating agency Fitch today lowered India's credit rating outlook to negative, citing corruption, inadequate reforms, high inflation and slow growth as reasons for the revision.India faces an “awkward combination”

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  RBI raises number of NRI remittances

  June 09, 2012 13:26 IST

  Mumbai, June 9: The Reserve Bank of India, on Friday, permitted non-resident Indians (NRIs) to send remittances more frequently, a step to boost foreign currency inflows and check rupee fall. Resident Indians are now allowed