Oil falls as China Covid-19 cases trigger clampdowns
Brent crude futures fell 73 cents, or 1.3%, to $55.37 a barrel by 1501 GMT, after a 2 cent gain on Thursday.
Weak reform implementation, financial sector woes could lower India's medium-term growth: Fitch
"If implemented effectively, we believe these...
Rupee could average at Rs75/USD in 2021: Fitch Ratings
In the longer term, the overvaluation of the rupee in real terms and higher inflation...
Rise in Indian auto-loan arrears to lag economic slowdown: Fitch Ratings
All segments of borrowers have benefited from an option to delay payments for six months. While the loan moratorium lifted at the start of September, most lenders saw improved collection rates.
Coronavirus dominates global sovereigns 2021 outlook: Fitch Ratings
With vaccine rollouts now looking imminent, the agency assumes global economic recovery will take a firmer hold by mid-year, even though the economic and fiscal implications of the virus are likely to linger.
World GDP recovery to strengthen from mid-2021 on vaccine rollout, India's GDP to shrink -9.4% in FY21: Fitch
Fitch now expects world GDP to fall by 3.7% in 2020 compared to 4.4% in its September estimate. This is despite the expectation of renewed falls in GDP in the fourth quarter in the eurozone and the UK, following the recent tightening of restrictions.
Vodafone Idea likely to lose up to 70 million subscribers over next year: Fitch
“We expect Bharti and Jio to increase their combined revenue market share to 80% (it was around 74% by September) in the next 12-18 months,” Fitch Ratings said on Monday.
Online sales to increase three times in current fiscal: India Ratings
The Fitch Group firm said that companies have focussed their efforts towards a strong digital footprint, with increased investments in developing own websites, mobile apps and also partnering with online channel partners to fuel growth. Many companies are launching online-only brands to boost sales, the researcher said.
India's pandemic-induced reforms could potentially raise medium term growth: Fitch Ratings
Fitch expects the government to stay reform-minded over the next few years, at both the central and state level, but added that implementation risks were significant.
Banks’ viability ratings may face pressure: Fitch Ratings
“Banks’ standalone Viability Ratings may face downward pressure where we do not regard capital buffers as commensurate with balance-sheet risks,” said the international rating company in a note Tuesday.
Australian shares end higher as govt signals ease in lending standards
The "Big Four" banks helped the S&P/ASX 200 index close 1.5% higher. The benchmark index recorded its best weekly gain since the week ended Aug. 14.
Fitch Ratings takes rating action on four NBFCs
The ratings of these entities continue to reflect the considerable economic and financial challenges arising from the pandemic, the global rating agency said.
Fitch Ratings says weak oil refining margins to put pressure on fuel retailers
Marketing margins of the three oil marketing companies' (OMCs) increased significantly during April-June quarter of 2020-21 and boosted EBITDA compared with the fourth quarter of FY2020.
GAIL's weaker EBIT highlights US LNG price risks: Fitch Ratings
GAIL's regulated gas transmission segment was the least affected by the coronavirus pandemic-related lockdowns and helped generate an overall positive EBIT margin over the quarter, it said.
NBFI recovery unlikely in near-term: Fitch Ratings
An investor poll at the annual Fitch on India event, held in early July 2020, revealed that more than 75 per cent participants believed Indian NBFIs would take more than one year to show a convincing recovery in light of the effects of the pandemic.