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Have minimised COVID-19 spread, cut transmission: Govt

Asserting that the ongoing lockdown has helped minimise the spread of coronavirus, the government on Thursday said the recovery rate among COVID-19 patients has almost doubled in last the ten days......

'Lockdown unlikely to contain COVID-19 surge in India'

India extending the nationwide lockdown by nearly three more weeks to May 3 is unlikely to stem the surge in coronavirus infections and economic and humanitarian crisis will exacerbate due to slow......

Focus shifts to rapid testing as India's COVID-19 tally rises to 2,547

Ramping up their efforts to contain the COVID-19 outbreak, authorities on Friday announced exclusive isolation wards and initiated rapid tests in areas identified as hotspots of the infection while......

FATF retains Pakistan in Grey List; warns of action

Putting Pakistan on notice, the international terror financing watchdog Financial Action Task Force (FATF) on Friday warned it will be blacklisted if it does not control terror funding by February......

Terror financing watchdog decides to keep Pak in 'Grey' list

The FATF continuing Pakistan in the 'Grey' list means its downgrading by the International Monetary Fund, the World Bank, the Asian Development Bank, the European Union and also a......

OECD raises prospects for global GDP, cuts it for India

While most economies contracted in the second quarter of 2020, the Chinese economy grew by 3.2 per cent. Illustration: Dominic Xavier/Rediff.com The Organization for Economic Co-operation and......

S&P projects Indian economy to contract 9%

The rating agency said, rising COVID-19 cases in India will keep private spending and investment lower for longer. Illustration: Dominic Xavier/Rediff.com S&P Global Ratings on Monday slashed its......

Indian economy to contract 11.5% in FY21, says Moody's

For 2021-22, it projected the economy to clock a growth of 10.6 per cent. Illustration: Dominic Xavier/Rediff.com Moody's Investors Service on Friday slashed India's growth projection for the......

Indian economy to contract 10.5% in FY21: Fitch

In Q1, India's GDP shrank by a staggering 24 per cent year-on-year amid the imposition of a stringent nationwide lockdown. Illustration: Dominic Xavier/Rediff.com Fitch Ratings on Tuesday slashed......

SC verdict unlikely to aid Vi; Jio, Airtel may gain: Fitch

Vodafone Idea will gradually lose market share given its weak balance sheet and limited financial flexibility, says Fitch. The Supreme Court's decision to allow telcos to pay outstanding dues over......

Here's a complete list of Aus Open women's champions

Naomi Osaka beat Petra Kvitova 7-6(2), 5-7, 6-4 to become the first Japanese player to win the Australian Open on Saturday. The win made fourth seed Osaka the first player from an Asian country to......

20-month ban for France's World Cup winning captain

IMAGE: Tottenham and France goal keeper Hugo Lloris arrives at Westminster Magistrates Court in London. Photograph: Toby Melville/Reuters France’s World Cup-winning captain Hugo Lloris has......

Sports Shorts: F2 driver says 'halo' saved his life

IMAGE: F1 driver sports a halo. Photograph: Albert Gea/Reuters Japanese F2 driver Tadasuke Makino reckons the new 'halo' head protection device, which made its debut in the junior series and......

Here's a complete list of Aus Open women's champions

IMAGE: Caroline Wozniacki of Denmark poses with the Daphne Akhurst Memorial Cup. Photograph: Clive Brunskill/Getty Images Caroline Wozniacki outlasted Romanian Simona Halep 7-6(2), 3-6, 6-4 in the......

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DBS Bank CEO Piyush Gupta

Global ratings agency Fitch has estimated that Indian banks would need up to $50 billion to deal with the after-effects of the stresses induced by... ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/real-challenges-will-crop-up-in-next-12-18-months/articleshow/78304350.cms

Remittance boom is turning into a bust for Asia, emerging markets

Remittances to APAC will drop 12% in the second half of 2020 compared with the same period last year, say Fitch Ratings ...

https://www.thehindubusinessline.com/money-and-banking/remittance-boom-is-turning-into-a-bust-for-asia-emerging-markets/article32666254.ece

Fitch Ratings takes rating action on four NBFCs

The ratings of these entities continue to reflect the considerable economic and financial challenges arising from the pandemic, the global rating... ...

https://economictimes.indiatimes.com/markets/stocks/news/fitch-ratings-takes-rating-action-on-four-nbfcs/articleshow/78242204.cms

Fitch Solutions

High unemployment and the loss of income stemming from the coronavirus has severely depressed consumer spending, which in turn will weigh on... ...

https://www.hindustantimes.com/business-news/india-s-oil-demand-outlook-darkening-as-economy-limps-along-fitch-solutions/story-t7PnjvyO7jbujpFbFAwLgI.html

Weak property demand to cause over 15% dip in cement consumption

Fitch expects luxury real estate to see the greatest price moderation but limited price moderation in affordable housing, given the segment’s... ...

https://www.moneycontrol.com/news/real-estate/covid-19-impact-weak-property-demand-to-cause-over-15-dipcement-consumption_14282521.html

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