Coal to remain dominant fuel for India's power sector: Report

Coal to remain dominant fuel for India's power sector: Report

Coal will remain the dominant fuel for India's power sector over 10-year forecast period to 2025 despite growth in alternative sources, including renewables, BMI Research, Fitch Group company, has said.

Fitch lowers India's FY`16 economic growth projections to 7.8%

Global rating agency Fitch has lowered India's economic growth projections to 7.8 percent for the current fiscal from 8 percent on pick up in demand.

Moody's ups India's rating outlook to positive; Fitch keeps it stable

In a big vote of confidence in the Modi government, rating agency Moody's Thursday raised India's credit outlook to 'positive', while Fitch projected faster growth -- raising hopes for an upgrade in its sovereign rating in the next 12-18 months.

Fitch retains India's credit outlook at 'stable'

Global rating agency Fitch Thursday 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.

Banks need over $200 bn capital in next 5 years: Fitch

Rating agency Fitch Monday said Indian banks will require more than USD 200 billion (about Rs 12 lakh crore) in fresh capital as they prepare for the full implementation of Basel III capital requirements by March 2019.

Rating revision hinges on reform measures: Fitch

Global rating agency Fitch has retained 'BBB-' sovereign ratings of the country with a "stable" outlook and said rating revision depends on the new government's willingness to make difficult choices.

Diesel subsidy to fall 25% this fiscal to Rs 1 trillion: Fitch

Global ratings agency Fitch on Tuesday said the regular increase in diesel price to align it with market will lead to a 25 percent fall in fuel under- recoveries this fiscal at about Rs 1 trillion (Rs 1 lakh crore).

Modi effect: Fitch revises economic growth forecast to 5.5%

International rating agency Fitch Tuesday said India's economic growth will accelerate to 5.5 percent this financial year and 6.5 percent in FY16 due to the clear mandate received by the pro-reform Narendra Modi government.

Clear mandate to BJP improves prospects for reforms: Fitch

The clear electoral mandate given to the Narendra Modi-led BJP has reduced political uncertainty and improved the prospects for economic policy reform, Fitch Ratings said Tuesday.

Fitch revises outlook on Tata Steel to stable

Credit rating agency Fitch on Monday revised outlook on Tata Steel and its subsidiary Tata Steel UK Holdings Ltd to stable from negative on possible improvement in its financial profile.

Small towns to see more hiring in telecom sector: Experts

It also helps the company in managing lower recurring cost in increments and physical infrastructure are also available at much lesser cost as compared to the metros, he said.

Fitch pegs India's growth this fiscal at 5.5%

Global rating agency Fitch Friday pegged India's growth at 5.5 percent in the current fiscal and 6 percent in 2015-16 and affirmed the country's rating outlook at stable level.

Fitch satisfied with overall macroeconomic situation: Mayaram

Representatives of global rating agency Fitch Monday discussed India's prospects with finance ministry officials, who said they were satisfied with the country's overall macroeconomic situation.

Fitch affirms Germany`s top-notch debt rating

International credit rating agency Fitch affirmed Friday the top-notch triple-A rating on Germany`s sovereign debt and said the outlook was stable.

Fitch upgrades outlook of Indian telecom sector to 'stable'

Global credit rating agency Fitch Wednesday upgraded outlook for the Indian telecom sector from 'negative' to 'stable'.

Govt has to shift part of oil subsidy bill to next year: Fitch

The government had allocated Rs 65,000 crore for petroleum subsidies in 2013-14, of which Rs 45,000 crore has already been utilised to pay the oil marketing companies to meet their subsidy requirement of previous financial year.

India to rely on 2014-15 budget for oil subsidies: Fitch

Fitch Ratings on Monday said the Indian government will have to depend on its FY 2014-15 budget to fund part of the current financial year’s oil subsidies bill.

Global agencies downgrade SBI, BoB, PNB debt ratings

Two international rating agencies--Moody's and Fitch—Monday downgraded the debt rating of the nation's top three public sector banks, State Bank of India, Bank of Baroda and Punjab National bank, citing worsening credit quality and recapitalisation concerns.

Fitch downgrades PNB, BoB viability ratings

Global rating agency Fitch Monday dowgraded viability ratings of the state-run Punjab National Bank and Bank of Baroda by one notch to 'bb+' from 'bbb-' while retaining their long-term issuer default ratings at 'bbb-'.

Rupee slide to add to credit pressures on Indian banks: Fitch

The depreciation in rupee's value would add to credit pressures on Indian banks, especially public sector lenders, because their stress-absorption capacity is comparatively lower than their private-sector peers, global rating agency Fitch said Thursday.