In its Global Economic Outlook, Fitch, however, flagged tightening of financial conditions, rising oil bill and weak bank balance sheets as headwinds to growth.

The old buzz that Dubai-based Emirates Airlines is looking to acquire Abu Dhabi-based Etihad Airways - a move that would create the world's biggest carrier by passenger traffic - is getting louder.

Fitch said it believes that a disorderly Brexit (UK exiting from European Union) could significantly disrupt JLR's supply chain and affect the company's earnings and cash generation.

During the Budget presentation in February, then Finance Minister Arun Jaitley had projected the fiscal deficit target at 3.3 per cent of GDP for the financial year 2018-19.

Sugar sector is in a bear cycle. Wait for some more correction before bottom-fishing.

In its regulatory filing, ICICI Bank has also established that Kochhar will continue to hold the position of chief executive in the organisation.

Global ratings agency Fitch today said ICICI Bank and Axis Bank have \"gaps\" in their risk control mechanisms and has revised down its outlook on the latter to negative on sour assets worries.

There's much to cheer about the 7.7 per cent GDP growth rate in Q4 of 2017-18. Yet, there's still a lot that's not right with the economy. First, despite this smart recovery in Q4, the GDP for the entire fiscal was barely 6.7 per cent - 0.4 per cent lower than the previous financial year.

With this move, Moody's has become the second rating agency to downgrade the PNB. Last month, Fitch Ratings on Wednesday downgraded the viability rating of scam-hit Punjab National Bank from BB to BB-. The move was based on similar concerns - negative impact on bank's financials.

Mahathir had promised to get rid of the GST as several people in the country were unhappy over rising living costs. His poll promises include fuel subsidies to common people and raising minimum wages.

The agency said a favourable economic growth outlook continues to support India's credit profile, even though real GDP (Gross Domestic Product) growth fell to 6.6 per cent in the fiscal year ended March 31, 2018 (FY18) according to official preliminary estimates, from 7.1 per cent in FY17.

The statement comes a week after the ADB in a report pegged India's economic growth at 7.3 per cent in 2018 and to 7.6 per cent in 2019. Sen Gupta believes that India is still a marginal player in global trade and there is a lot of potential to increase exports.