February 05, 2021 5:30 pm
Among other highlights, Fitch expects industry monthly ARPU (average realisation per user) to grow by 5-10 per cent in 2021-22 as 2G and 3G customers gradually upgrade to pricier 4G plans.
January 14, 2021 5:11 pm
In a report titled 'India Set for Slow Medium-Term Recovery', Fitch said after an initial strong rebound in the fiscal year beginning April 2021, growth will slow to around 6.5 per cent a year over FY23-FY26 (April 2022 to March 2026).
December 08, 2020 10:41 am
In its Global Economic Outlook, Fitch said the coronavirus recession has inflicted severe economic scarring and the country needs to repair balance sheets and increase caution about long-term planning.
September 08, 2020 3:33 pm
"We believe Vodafone Idea will gradually lose market share given its weak balance sheet and limited financial flexibility," a Fitch release said, adding that Jio and Bharti, on the other hand, are expected to gain market share on the SC verdict.
September 08, 2020 10:54 am
"GDP should rebound strongly in 3Q20 (October-December) amid a re-opening of the economy, but there are signs that the recovery has been sluggish and uneven," Fitch said.
June 23, 2020 1:56 pm
The PSUs whose rating outlook has been revised include IOC, Bharat Petroleum Corp Ltd (BPCL), Oil India Ltd (OIL), GAIL India Ltd, Power Grid Corp of India Ltd and NTPC Ltd.
June 19, 2020 1:06 am
Fitch Ratings expects economic activity to contract by 5 per cent in FY21, before rebounding by 9.5 per cent in FY22.
June 10, 2020 5:00 pm
Fitch Ratings forecast a 5 per cent contraction in the GDP in the ongoing financial year.
April 28, 2020 7:13 pm
'Further deterioration in the fiscal outlook as a result of lower growth or fiscal easing could pressure the sovereign rating in light of the limited fiscal headroom India had when it entered this crisis', Fitch said in a statement.
April 23, 2020 12:05 pm
In its Global Economic Outlook, Fitch Ratings said India's gross domestic product (GDP) growth will slip to 0.8 per cent for the year April 2020 to March 2021 (FY21) as compared to an estimated 4.9 per cent growth in the previous fiscal.