Indian small auto borrowers face more short-term pressure

Newsroom24x7 Desk Demonetisation has disrupted economic activity – particularly in the informal sector – and is likely to have hit borrowers’ incomes.      — Fitch Ratings Hong Kong/Singapore: Demonetisation appears to have had a negative impact on Indian auto-loan repayments, based on collection reports from Fitch-rated securitisation transactions. Small auto-loan borrowers have been affected…

Global Investors Summit 2016: Industrialists all praise for Chief Minister Shivraj Singh Chouhan

Newsroom24x7 Staff Indore: Captains of industry, both from India and abroad, attending the inaugural session of Global Investors Summit 2016 here today appreciated Madhya Pradesh Chief Minister Shivraj Singh Chouhan’s efforts to systematically promote the growth of industry in the State. The speakers lauded the initiative in the form of the series of investors’ summits…

Madhya Pradesh is an ideal destination for investment: Shivraj Singh Chouhan

Newsroom24x7 Staff Hyderabad: Chief Minister Shivraj Singh Chouhan today addressed industrialists here and in Bengaluru and urged them to come and invest in the central Indian State of Madhya Pradesh. Chouhan told the industrialists that Madhya Pradesh is an ideal destination for investment, given its central location and wide-ranging opportunities. He focussed attention on the double…

Low inflation will improve investment climate

Thoughts on several sovereign-related developments in India. Straight talk by Thomas Rookmaaker, Director, Asia-Pacific Sovereigns Group, Fitch Rating Dr. Urjit Patel taking over as the next governor of central bank. As a rating agency, we look at actual policies rather than personalities. The fact that Dr. Patel has served as deputy governor in the past three…

India, UK for deeper trade and investment arrangements

Newsroom24x7 Staff New Delhi: UK Secretary of State for International Trade Dr. Liam Fox today said that UK is interested in forging deeper trade and investment arrangements with India. Dr. Fox was speaking when he called on India’s Finance Minister Arun Jaitley in his office in North Block here today. Dr. Fox announced his participation…

Record handling of automobiles at Mumbai Port

Newsroom24x7 Staff Mumbai: Continuing its march to set ever higher records of handling cars, Mumbai Port has set a new record of shipment of 6316 cars on a single ship on its new berth OCT- 2. This is a quantum jump over the previous record of shipment of 5376 cars. The ship M. V. HOEGH…

Masala Bonds to Facilitate Indian Funding Diversification

Newsroom24x7 Desk Singapore/Mumbai: The recent issuance of the first offshore masala bonds by Indian companies could pave the way for a broader opening and development of the market, says Fitch Ratings. This will be positive for the better-quality issuers that are able to take advantage of offshore capital markets to diversify their funding sources without…