OPEC oil output lowest since at least 2000 as US blockade squeezes Iran: ReportOPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was ...
Despite geopolitical crisis, India's economic fundamentals and strategic partnerships will sustain growth: World BankIndia's economy shows strong growth potential. The World Bank believes this momentum will continue. Investments in people and businesses ar...
Extreme weather to drive $20 trillion in global spendingAnalysts note that companies involved in environmental adaptation and mitigation have already outperformed the broader market significantly.
US stocks today: Dow posts closing record high, S&P 500, Nasdaq muted as AI rally pausesUS stocks ended mixed as the Dow hit a record closing high driven by healthcare and consumer gains, while tech and chip stocks lagged. Bank...
Oil prices settle higher on slow progress in US-Iran peace talksOil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated...
Vedanta Resources looking to rejig $5.5 bn holdco debt in one goAnil Agarwal's Vedanta Resources Ltd is in talks with global banks to refinance its $5.25-5.5 billion debt. The company aims to raise $3.5-...
Battery storage firms eye AI demand but face grid, supply hurdlesAmerican battery storage companies are experiencing high demand from AI data centers. However, long waits to connect to the power grid and ...
Iran war, fading tax boost may slow India’s growth to 6.7% in FY27: BMIIndia's economic growth is set to slow in the upcoming fiscal year. This slowdown is attributed to the diminishing impact of recent tax cut...
RBI clears Kotak Bank to raise stake up to 9.99% in AU Small Finance, Federal BankThe Reserve Bank of India has approved Kotak Mahindra Bank's increased stake in AU Small Finance Bank and Federal Bank. Kotak can now hold ...
The rupee at record low will end India’s cheap-money eraElevated energy import costs have pushed the Indian rupee to a record low, prompting urgent questions about Reserve Bank of India rate hike...
Elevated foreign ownership a positive for Indian financial firms: FitchForeign investors are showing increased interest in Indian financial firms. Fitch Ratings notes this can bring long-term capital and better...
India's metal sector severely hit by Covid-19; to see slow recovery: ReportAccording to the report, a severe dent in domestic demand for metals is anticipated and it will take until at least 2022-2023 to return to ...
Rating agencies will take note of 4.9% fiscal deficit number: Devendra Pant, Fitch GroupThere is a severe control on the government expenditure which has parted from the third quarter of the fiscal, says Devendra Pant, Fitch Gr...
Fitch gets permission to operate from ChinaChina's Cabinet relaxed the regulation on foreign institutions' distribution of financial information services in October 2012.
- Fitch local operations rebranded under new its subsidiary 'India Ratings'
A wholly owned subsidiary of the Fitch Group, India Ratings will exclusively focus on domestic credit ratings.
- India needs makes more inroads on structurally reducing deficit: Richard Hunter, Fitch Group
Fitch Group MD Richard Hunter doesn't see any threat to the country's fiscal stability and says its banking system is in much better shape ...
- India not as corrupt as China and Russia: Fitch
These comments come at a time when the nation faces a plethora of cases relating to allocation of 2G, CWG Games, Adarsh & Devas-Antrix deal.