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Price hikes to dampen recovery for Indian automakers after festive boost:
Updated : 5 years, 3 months ago IST
Mumbai (Maharashtra) [India], December 17 (ANI): Indian automakers' plans to pass on higher commodity prices to customers will dim the prospects for a demand recovery after December when the boost in some categories from pent-up demand and festive spending fades and the economic impact from
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TRP manipulation case: Republic TV CEO granted bail
Updated : 5 years, 3 months ago IST
Mumbai (Maharashtra) [India], December 16 (ANI): The Esplanade Court of Mumbai on Wednesday granted bail to Republic TV Chief Executive Officer (CEO) Vikas Khanchandani on a surety of Rs 50,000 in the Television Rating Points (TRP) manipulation case.
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QCI launches recognition scheme for hygiene rating audit agencies
Updated : 5 years, 3 months ago IST
New Delhi [India], December 15 (ANI): On the behest of the Food Safety and Standards Authority of India (FSSAI), the Quality Council of India (QCI) has come out with a recognition scheme for approval of hygiene rating audit agencies to scale up the hygiene rating, an official statement said
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S&P lowers India's GDP contraction to minus 7.7 pc in FY21
Updated : 5 years, 3 months ago IST
Singapore, December 15 (ANI): S&P Global Ratings on Tuesday revised India's real GDP growth to negative 7.7 per cent for the current financial year ending March 2021 from negative 9 per cent previously.
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Moody's affirms Muthoot Finance's outlook to stable from negative
Updated : 5 years, 3 months ago IST
Singapore, December 14 (ANI): Moody's Investors Service has affirmed Muthoot Finance Ltd's Ba2 corporate family rating and changed its outlook to stable from negative.
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Companies look past pandemic as work and leisure patterns shift: S&P
Updated : 5 years, 3 months ago IST
Singapore, December 14 (ANI): COVID-19's effect on industries has varied dramatically and will continue to be felt for years in terms of the growth outlook, financial policy and credit metrics, S&P Global Ratings said on Monday.
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Republic TV CEO Vikas Khanchandani remanded to police custody till Dec 15
Updated : 5 years, 3 months ago IST
Mumbai (Maharashtra) [India], December 13 (ANI): Republic TV CEO Vikas Khanchandani has been remanded to police custody till December 15 in alleged Television Rating Points (TRP) manipulation case. Khanchandani was arrested by Mumbai police on Sunday morning.
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S&P downgrades Sri Lanka to CCC-plus on fiscal deterioration
Updated : 5 years, 3 months ago IST
Singapore, December 11 (ANI): S&P Global Ratings on Friday lowered its long-term foreign and local currency sovereign credit ratings on Sri Lanka to CCC-plus from B-minus.
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NBFIs' credit pressures to persist as GDP recovers: Fitch
Updated : 5 years, 3 months ago IST
Mumbai (Maharashtra) [India], December 11 (ANI): Indian non-banking financial institutions (NBFIs) will continue to face challenging conditions in 2021 even as the economy is projected to gradually recover, according to Fitch Ratings.
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Moody's affirms Axis Capital's ratings with negative outlook
Updated : 5 years, 3 months ago IST
New York [US], December 10 (ANI): Moody's Investors Service has affirmed the ratings of Axis Capital Holdings and its subsidiaries, including the Baa1 guaranteed senior debt of its financing subsidiaries and the A2 insurance financial strength ratings of its principal operating subsidiaries.
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Fitch expects gradual recovery for Indian aviation with risk of higher com
Updated : 5 years, 3 months ago IST
Chicago [US], December 10 (ANI): Fitch Ratings expects average revenue passenger kilometres for India's airlines to remain 40 per cent below 2019 levels in 2021 despite recovering from being 65 per cent lower in 2020.
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Rise in Indian auto loan arrears to lag economic slowdown: Fitch
Updated : 5 years, 3 months ago IST
Hong Kong, December 9 (ANI): The net cumulative 90-plus days past due arrears of Indian auto loan securitisations are expected to rise by 1.25 to 1.50 times from pre-pandemic levels in 2021 due to the lagged effect of macroeconomic stress, Fitch Ratings has said.
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