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Union Budget 2014: 'Budget credit positive, but implementation is the key'

Last Updated: Thursday, July 10, 2014, 17:48

All these measures will result in a revenue loss of Rs 22,300 crore to the government this fiscal, the Minister said, while indirect tax increases will fetch only under Rs 8,000 crore.

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

Last Updated: Tuesday, July 08, 2014, 19:25

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%

Last Updated: Tuesday, July 01, 2014, 18:34

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.

PSU banks' asset quality woes likely to continue: Fitch

Last Updated: Monday, June 16, 2014, 14:17

Gross NPA level of commercial banks stood at 3.9 per cent as of March-end as compared with 4.2 per cent till September 2013.

PSU banks rating outlook likely to be stable: Report

Last Updated: Sunday, June 15, 2014, 12:15

The appointment of Narendra Modi-led BJP government has improved investors sentiments and the key benchmark indices surged to record levels.

Fitch downgrades Vedanta to 'BB'; withdraws ratings

Last Updated: Friday, June 06, 2014, 19:30

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.

Mahindra & Mahindra credit rating upgraded to 'AAA'

Last Updated: Thursday, May 29, 2014, 21:38

Mahindra & Mahindra (M&M) on Thursday said its credit rating has been upgraded to the highest level 'AAA' by India Ratings & Research, the domestic arm of global ratings agency Fitch.

Nayak report implementation can improve ratings of PSBs: Fitch

Last Updated: Tuesday, May 27, 2014, 18:45

Fitch Ratings on Tuesday hinted at an upward revision of state-run banks' credit ratings if the government lets RBI implement key suggestions of P J Nayak panel report which it termed as wider sectoral reform push by the central bank.

Clear mandate to BJP improves prospects for reforms: Fitch

Last Updated: Tuesday, May 20, 2014, 18:10

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.

Crisis-hit Thai economy shrinks 0.6% in Q1: govt

Last Updated: Monday, May 19, 2014, 13:37

Thailand`s economy shrunk 0.6 percent year on year in January-March, data showed Monday, as the kingdom`s festering political crisis battered consumer confidence and frightened off tourists.

Fitch sees level of NPAs, recast loans rising to 15% in FY15

Last Updated: Thursday, April 17, 2014, 19:43

Stressed assets, which include gross non-performing assets and restructured debt, stood at 10.2 percent as of September.

Fitch revises outlook on Tata Steel to stable

Last Updated: Monday, April 14, 2014, 18:33

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.