Negative outlook for most Indian telecos in 2012: Fitch
Fitch Ratings said the 2012 outlook for most Indian telcos is negative, as the nationally-owned and six smallest private telcos will continue to suffer operating losses.
View ArticleWrap up: Food inflation down to 9.01%; Retail FDI delayed not scrapped
Confused and intimidated by the amount of news hurtling at you everyday? Well, to make your life easier, here's a quick round-up of the major local and international business and economic news events.
View ArticleIT/ITeS to drive demand for office space in 2012: Fitch
Availability of funds will continue to be a concern this year, the ratings agency said.
View ArticleFitch revises India’s growth from 7.5% to 7%
Ratings agency Fitch today revised its growth forecast for the Indian economy this fiscal, downward to 7 percent from the earlier estimate of 7.5 percent on account of the high interest rate regime and...
View ArticleGreece secures biggest debt cut in history
The two other major ratings agencies, Moody's and Standard & Poor's, have already downgraded Greece to default level.
View ArticleReliance Power gets a reprieve, but power cos woes remain
Even ascosts of importing coal have climbed, local production from Coal India has stagnated. For power cos, it's a lose-lose situation: importing coal is unviable at current power tariffs and local...
View ArticleWhy analysts are backing Bharti despite its weak results
Despite the earnings miss, Bharti Airtel's overall EBITDA margins improved 115 basis points quarter-on-quarter led by improvements in its mobile and Africa businesses.
View ArticleShaky Wall St next week: any bad news would trigger sell-off
Europe is expected to keep investors jumpy as well, with inconclusive results from the recent Greek election and the country's future appearing more worrisome.
View ArticleRupee falls to 56.03 after Fitch cut India’s outlook
The rupee fell to 56.03 after Fitch Ratings cut India's sovereign outlook to "negative" from "stable".
View ArticleFall in rupee won’t impact co credit ratings: Fitch
Credit ratings agency Fitch said that the fall in rupee won't affect the credit ratings of Indian companies that are capable of servicing their debt even in severe downturn.
View ArticleFitch warns US of sovereign credit rating cut from AAA
Fitch reiterated that the delay in increasing the borrowing capacity of the United States raises questions about the full faith and credit of the United States to honour its obligations.
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