India's medium-term fiscal consolidation is likely to get more challenging as a new coalition government comes to power, an analyst at credit rating agency Fitch, said on Friday, according to a Reuters report. "Our expectation is that the government will look to achieve the 4.5% fiscal deficit target by 2025-26," Jeremy Zook, director of Asia-Pacific sovereigns at Fitch told Reuters …
Azure Power Global Limited, India’s first renewable energy company to have listed in the US, is exploring a possible stake sale to a strategic partner or even a complete sale of the business, two people aware of the development said. Meanwhile, according to news reports on Friday, US Attorney’s Office for the Eastern District of New York and the Justice …
Fitch Ratings has maintained India's growth forecast for the current fiscal year at 6.3% while highlighting the country's economic resilience despite tighter monetary policies and export challenges. India's economy experienced robust growth of 7.8% in the April-June quarter of the current fiscal year, driven by strong activity in the services sector and robust demand. Fitch warned that India is not …
Fitch Ratings, the New York-headquartered credit rating agency, on Friday said that there’s no “immediate impact” on the ratings of Fitch-rated Adani entities and their securities following a “short-seller report” alleging malpractices at the Gautam Adani-led group. The report that Fitch is referring to here is the one published by investment research firm Hindenburg Research on January 24, alleging that …
