A proposed merger of India`s state-controlled oil companies could reduce inefficiencies across the sector. It would also create an entity that is better placed to compete globally for resources,
India`s new framework aimed at speeding up non-performing loan (NPL) resolution is likely to push up banks` credit costs and undermine earnings in the near-term, reinforcing Fitch Ratings` negative
The rating agency Fitch Ratings on Thursday revised the Outlook on India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘Negative’ from ‘Stable’ while aff
As the lockdown and movement restrictions in the aftermath of the Covid-19 pandemic come to hurt economic activities, India’s electricity demand is set to drop by 4% during the financial year
The revival of the government’s reform agenda in response to the coronavirus pandemic shock has the potential to raise India’s medium-term growth rate, Fitch Ratings has said in a new a
