Projecting a negative outlook for
the domestic real estate sector in CY 2010 with a slight
Global rating agency Fitch on Tuesday
revised outlook for Axis Bank upwards-- from negative to
stable-- on improved domestic economic scenario and the
prudent plans of the banks` new management.
Auto component sales in the
country are likely to rise in 2010 on the back of positive
outlook for cars sales but overseas demand will continue to be
sluggish, global rating firm Fitch said.
The Indian auto industry is likely to see a growth of 10-12 percent in sales in 2010, but companies will come under margin pressures as competition hots up in the market, according to global rating firm Fitch.
Credit rating agency Fitch on Wednesday said it is closely monitoring the impact of the cost for pan-India 3G licence on the revenues of Bharti Airtel.
Global rating agency Fitch on Tuesday said economic recovery has eased concerns on restructured loans of Indian banks.
Britain is most at risk among big economies to lose its top-notch credit rating, while Japan faces a review of its rating if govt debt issuance rises much.
Indian banks are expected to
remain robust during the current fiscal and the next even if
non-performing assets and interest rates rise, according to
global rating agency Fitch.
Profitability of telecom companies is likely to fall in the years to come due to growing number of low-end users, global rating agency Fitch Ratings said.
Global rating agency Fitch on Monday retained its negative outlook for the Indian textile industry saying exports could recover only with an improvement in economic activities.
Day in Pics: 30th August
August 30, 2014
Famous Ganesh Pandals in Mumbai