Fitch cuts India's GDP growth forecast to 7 per cent for FY23

The rating agency said the GDP growth of 13.5 per cent in April-June, as per official data, was below its June expectation of 18.5 per cent increase.

published on : 15th September 2022

Inflation, rate hike won't knock out Indian Inc: Report

"Banks will not be immune, but we expect that in the stress scenario NPLs could rise modestly," the report added.

published on : 26th August 2022

Now, S&P Ratings points at high debts of Adanis

The Group’s combined gross debt reached a new high of Rs 2.22 lakh crore at the end of FY21-22, up 42 per cent from Rs 1.57 lakh crore a year ago.

published on : 26th August 2022

'India has ample forex buffers to withstand pressure on credit worthiness': S&P

S&P Sovereign & International Public Finance Ratings Director Andrew Wood said the country has a strong external balance sheet and limited external debt.

published on : 25th August 2022

'Rated Indian companies better placed to withstand rising interest rates, inflation': S&P

It said further hike in interest rates is on the cards as the inflation remains above the RBI's upper tolerance limit of 6 per cent despite a 140 basis points increase in policy rate.

published on : 23rd August 2022

Bad loan ratio of banks likely to fall to 5-5.5 per cent by March 2024: S&P Global

Capital ratios are comparable to those of international peers for India's large private-sector banks, though they are lower for public-sector banks, S&P Global added.

published on : 21st July 2022

Bharat NCAP vehicle safety programme to be rolled out from April 2023

The testing protocol of Bharat NCAP shall be aligned with global crash-test protocols factoring in the existing Indian regulations.

published on : 25th June 2022

Transport Ministry issues notification for 'Bharat New Car Assessment Programme'

The government has set 1st April 2023 as the date of applicability for the new programme. 

published on : 25th June 2022

India Ratings and Research affirms IndusInd Bank's rating at 'IND AA+' with stable outlook

To arrive at the rating, Ind-Ra has considered the discretionary component, coupon omission risk and the write-down/conversion risk as key parameters.

published on : 25th June 2022

Gadkari approves draft for car safety ratings

The testing protocol of Bharat NCAP will be aligned with global crash test protocols factoring in the existing Indian regulations. 

published on : 25th June 2022

Fitch cuts economic growth forecast to 7.8 per cent; revises India rating outlook to 'Stable' from 'Negative'

"The Outlook revision reflects our view that downside risks to medium-term growth have diminished due to India's rapid economic recovery," it said.

published on : 10th June 2022

Solid cash flow to support ONGC's higher investments: S&P

While oil prices are hovering at multi-year high, gas prices for ONGC too have risen to best ever rate of USD 6.1 per million British thermal unit.

published on : 3rd June 2022

Economic growth may have slowed to 3.5 per cent in Q4 FY22: Report

Even the gross value added (GVA) at basic prices (at constant 2011-12 prices) in Q4 FY2022 seems to have eased to 2.7 per cent from 4.7 per cent in Q3 FY2022, it said.

published on : 23rd May 2022

Inflation set to average to 9-year high at 6.9 per cent in FY23: India Ratings and Research

The RBI on May 4 hiked the repo rate at which it lends to the system by 0.40 percentage point.

published on : 18th May 2022

Edible oil prices likely to rise in next few months: Report 

Further, it noted that prices of all edible oils have witnessed a significant surge since the Covid outbreak that triggered supply chain disruptions globally.

published on : 30th April 2022

‘Government should cut excise to pre-Covid level’

Centre collects Rs 27.9 as excise duty on every litre of petrol and Rs 21.80 on diesel, which is still higher than the pre-pandemic levels.

published on : 28th April 2022

S&P downgrade indicates Russia headed for historic default amid sanctions

It said it didn't expect Russia to be able to convert the rubles into dollars within the 30-day grace period allowed.

published on : 10th April 2022

Passenger vehicle demand to witness moderate growth over next few quarters: Report

However, it said the volumes may remain partly constrained due to the continuing supply challenges in semiconductors and also the sharp increase in retail fuel prices.

published on : 5th April 2022

Facilitate amendment of homebyers CIBIL ratings: Delhi High Court

Delhi High Court clarified that its interim orders will bind the lender banks before it as well as the assignees of the debt.

published on : 4th April 2022

Fitch slashes FY23 India growth forecast to 8.5 per cent on high energy prices

Fitch said the post-COVID-19 pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation.

published on : 22nd March 2022
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