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Fitch Revises India's FY25 Real GDP Projections Upwards, Expects RBI To Cut Rates In Late 2024; Reports

Fitch Ratings, a global credit rating agency, has revised its forecast for India's economic growth, painting a rosier picture for the nation's financial future. According to a Reuters report released on March 14, Fitch raised its projection for India's real gross ...

Tata Stock Surges 39.96% In 1-Week, Analysts Give Opinion On Buy Call Amid Attractive Valuation

Mid cap Tata Group stock from the chemicals sector, Tata Chemicals Ltd share gained 11.57% on March 8, 2024 to settle at Rs 1314.90 apiece. Tata Chemicals shares witnessed a stunning rally of 39.96% in last 1-week. In last 5-years, Tata ...

Tata Group Chemicals Stock Spurts 25% In 1-Week, 10.99% Today On Latest Update

Mid cap Tata Group company, Tata Chemicals Ltd shares scaled fresh 52-week high in trade today on BSE. Tata Chemicals shares gained 10.99% intraday today to settle at Rs 1178.55 apiece. The scrip has already gained 24.72% in last 1-week and ...

Fitch Warns Rising Crude Oil Prices Could Impact Global Economic Growth

Fitch Ratings has issued a stark warning by predicting that higher-than-expected oil prices, in view of the potential disruptions in oil supply due to an escalation of the Middle East conflict, could considerably impact global economic growth and result in a ...

Fitch Downgrades US Long-Term Ratings To AA+; Expects One More Hike By September From Fed

Fitch Ratings has downgraded the United States' long-term Foreign-Currency Issuer Default Rating (IDR) to 'AA+' from 'AAA'. However, the Rating Watch Negative was removed and a 'Stable' outlook was assigned. Meanwhile, the country's ceiling has been affirmed at 'AAA'. In its ...

Fitch Cuts India FY23 GDP Growth Forecast To 7%

Fitch has lowered India's economic growth forecast for fiscal 2022-23 as measured by gross domestic product (GDP) to 7 per cent from its June 2022 estimate of 7.8 per cent. It now expects the GDP to slow further to 6.7 per ...

Fitch Affirms 'BBB-' Rating, To GAIL, Outlook Stable

New Delhi, Jun 27 (PTI) Fitch Ratings has affirmed a 'BBB-' rating to gas utility GAIL (India) Ltd, with a stable outlook, on premise that the firm's financial profile will remain strong. Its rating is capped by the Indian sovereign rating ...

Merger Of HDFC Entities, To Increase M&A Prominence Among Banks: Fitch

The proposed merger of HDFC Bank and HDFC Ltd could redefine the competitive landscape for banks, and increase the prominence of M&A among lenders seeking to close market-share gap with the merged entity, Fitch Ratings said on Tuesday. Fitch ...

Fitch Slashes FY23 India Growth Forecast To 8.5 Pc, On High Energy Prices

Rating agency Fitch on Tuesday slashed India's growth forecast for the next fiscal to 8.5 per cent from 10.3 per cent, citing sharply high energy prices on account of the Russia-Ukraine war. With the Omicron wave subsiding quickly, containment measures have ...

Fitch Downgrades The Russia's Credit Rating

Fitch Ratings has downgraded Russia's credit rating, citing a "severe shock" to fundamental conditions due to its invasion of Ukraine. Fitch said the war has raised risks to financial stability and could undermine Russia's ability to service its government ...

Uncertainties Remain Around India's Medium Term Debt Trajectory: Fitch

Fitch Ratings on Thursday said India's economy is rapidly recovering from the pandemic but uncertainties remain around its medium-term debt trajectory. In its report 'What Investors Want to Know: Indian Sovereign and Financial Institutions in 2022', it said financial institutions ...

Fitch: Budget Short On Structural Reform Announcements

India's budget for the fiscal beginning April focuses on giving a boost to the ongoing economic recovery through a sharp increase in capex spending but is short on major growth-enhancing structural reform announcements, Fitch Ratings said Wednesday. The deficit ...

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