India’s Budget not enough to boost steelmakers’ profitability

Newsroom24x7 Desk New Delhi: Fitch Ratings says that increase in proposed infrastructure spending in India’s latest government budget is unlikely to provide a boost to domestic steel demand growth, unless project execution rates pick up significantly. Domestic steel producers also face overcapacity, which is likely to weigh on their profitability and credit metrics in the… Read More India’s Budget not enough to boost steelmakers’ profitability

Declines in net oil bills help India, other countries reduce energy subsidies

Newsroom24x7 Desk Hong Kong: Fitch Ratings says that net oil bills have declined significantly for Asia-Pacific sovereigns amid dramatic declines in crude prices since 2013. Asia is the largest crude importer globally, with gross import volumes roughly equivalent to the rest of the world combined. Fitch-rated sovereigns in Asia are all net oil importers, with… Read More Declines in net oil bills help India, other countries reduce energy subsidies

Capacity expansion and competition could hit the profitability of Indian and South-East Asian airlines in FY16

Newsroom24x7 Staff New Delhi: Improved earnings outlook is likely for Indian and South-East Asian Airlines in 2016, Fitch Ratings today said while projecting that stiff competition and a huge order book for new aircraft could make it difficult to improve profitability for the sector. As the passenger load factors (PLF) in India and south-east Asia have risen steadily,… Read More Capacity expansion and competition could hit the profitability of Indian and South-East Asian airlines in FY16