Tag: Fitch

India’s incentives for domestic API production could cut supply risk: Fitch

NEW DELHI: The Indian government’s recent incentives to boost domestic manufacturing of active pharmaceutical ingredients (APIs) and key starting materials (KSMs) can improve backward integration over the next few years and curtail supply-chain disruption risk for Indian drug makers, Fitch Ratings said on Monday. The incentives address core issues of pricing competitiveness and funding, and […]

Reliance Industries’ slew of equity deals to drive improvement in Co rating: Fitch

NEW DELHI: Reliance Industries Limited’ proposed USD 7 billion rights issue, a string of equity deals of USD 8 billion in Jio Platforms, and USD 1 billion from a joint venture with BP plc will allow its leverage to improve, Fitch Ratings said on Wednesday. “The rights issue and equity deals when completed are likely […]

RBI’s liquidity support for Mutual Funds may struggle to be effective: Fitch

NEW DELHI: The Reserve Bank of India’s (RBI’s) liquidity support for mutual funds could struggle to be effective, as its success would hang on banks’ appetite to take up the risks involved, amid a low capital headroom and a likely increase in fresh non-performing loans, according to Fitch. The RBI’s Rs 50,000-crore Special Liquidity Facility […]

Hurdles in fighting coronavirus are lack of funds, healthcare infra: Fitch

NEW DELHI: Continued lack of medical funds and healthcare infrastructure despite additional funding poses challenges in mounting an effective response against the coronavirus outbreak, according to a report. “The continued lack of medical funding and healthcare infrastructure inform our view for the potential epidemic to be worse in India if it is not adequately contained. […]

Telcos performance diverging in face of Reliance Jio’s growth: Fitch

NEW DELHI: Reliance Jio’s aggressive posturing has begun to show the divergent impact on entrenched telcos, with Vodafone Idea getting impacted sharply and Bharti Airtel holding on, a report said on Monday. The deep-pocketed Jio’s entry has so far impacted all the telcos, forcing mergers and also bankruptcy filings. For Vodafone Idea, it was the […]

Home prices could fall in some smaller Chinese cities in 2019: Fitch

BY: Ryan Woo BEIJING: Home prices in some smaller Chinese cities could fall next year as the world’s second-largest economy slows, Fitch ratings said on Monday, while adding the government is expected to step in to stem any precipitous decline. Nationwide growth in China’s property prices has moderated this year in response to measures to […]

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