fitch ratings

fitch ratings has lowered India's GDP growth forecast for the current fiscal year by 0.1% to 6.4%, citing concerns over the escalating global trade war. The agency also reduced global growth projections and anticipates weaker growth in China and the US. Despite this, India's growth for fiscal year 2026-27 is maintained at 6.3%.

HDFC Bank and ICICI Bank are poised to release their Q4 FY25 financial results, with HDFC Bank showcasing a 7.7% year-on-year increase in advances, reaching Rs 27.73 lakh crore. ICICI Bank is anticipated to reveal robust earnings, projecting a 10-15% rise in net profit, driven by improvements in asset quality and a stable outlook from fitch ratings.

Economic forecasts show growing recession fears as Donald Trump's new tariff announcements dampen global business sentiment and disrupt supply chains. Major financial institutions like JPMorgan and Goldman Sachs have significantly increased the likelihood of a recession, while the S&P 500 has experienced severe market losses.

Cryptocurrencies, including Bitcoin and Ethereum, are experiencing significant declines due to heightened global risk sentiment following new US tariff announcements by President Trump. Bitcoin fell below $75,000, while Ethereum dropped 18.4%. The market cap of cryptocurrencies shrank by 8.59% to $2.44 trillion, amid fears of a potential recession and speculative interest rate cuts.

US stocks plummeted on Thursday, resulting in over $2 trillion in market value loss following President Donald Trump’s tariffs on foreign imports. The S&P 500 fell 4.8%, the Dow dropped over 1,600 points, and the Nasdaq plunged 6%, raising fears of a recession.

US President Donald Trump announced new reciprocal tariffs to counter high duties charged on US goods by foreign countries. With tariffs on countries like China, India, and the EU, the move aims to rebalance trade.

India's economy is expected to grow 6.5% in FY26, slightly slowing in FY27 to 6.3%. Fitch highlights India's relative insulation from US trade policies due to low external demand.

The China rally is getting broad-based and Indian investors have been pouring funds into Chinese stocks. But there is a specific risk one must know about before taking the plunge

China's biggest political event of the year ended with questions about reviving economic growth in 2025. Focused on boosting investment and consumer spending, the government announced a 5% growth target for 2024, signaling potential future stimulus amid ongoing trade tensions with the U.S.

Tata Capital's board has approved plans for an IPO to list by September, comprising fresh shares and stake-sale, potentially valued at $1.7 billion. This move complies with RBI's mandate for 'upper-layer' NBFCs. Tata Sons, holding 93% of Tata Capital, plans to sell shares to support other ventures, while maintaining a significant stake post-listing. A rights offering worth Rs 1,504 crore has also been approved.

fitch ratings on Thursday revised India's outlook to 'negative' from 'stable', stating that the coronavirus pandemic has significantly weakened growth prospects for the year and exposed the challenges associated with a high public-debt burden. Earlier, Moody's had downgraded India's sovereign rating by to lowest investment grade of 'Baa2' for the first time in 22 years.

The government had made a strong pitch to fitch ratings for an upgrade after rival Moody's Investors Service last November gave the country its first sovereign rating upgrade since 2004.

New Delhi, Feb 6 () Ratings agency Fitch today assigned 'BBB-' rating to USD 500 million notes of Adani Ports and Special Economic Zone (APSEZ). "fitch ratings has assigned India-based Adani Ports and Special Economic Zone Limited's (APSEZ, BBB-/Stable) USD 500 million 3.

New Delhi, Jun 15 () fitch ratings today said it has affirmed state-run power producer NTPC's long-term foreign and local-currency issuer default ratings at 'BBB-'. "The outlook is stable.

A war of words has erupted between the government and fitch ratings over allegations that the agency shared India’s country rating file and confidential data with the US Securities and Exchange Commission (SEC).

fitch ratings on Thursday launched a new brand for its local ratings business in India - 'India Ratings & Research Pvt Ltd' (India Ratings) - in order to comply with new European regulations.

New Delhi, Jun 20 () Demonetisation of old Rs 500 and 1,000 notes had a "material impact on spending" as reflected in significant slowing of GDP growth in January-March, fitch ratings said today, warning that the ongoing steep decline in investment could spell risks to growth potential.

fitch ratings, which recently lowered India’s credit outlook to negative, has said that possibility of downgrading the country’s sovereign rating is more than 50% in the next 12-24 months.