Banks may take Rs 1000 crore hit on card fee waiver

As of now major banks and payment companies have waived MDR till December 30 which is also the last day for accepting old Rs 500 and Rs 1000 notes. Read more »

Power prices climb to a year’s high on heavy mist in North

Mist can cause transmission lines to trip and authorities have started regulating power supplies as a precautionary measure, according to experts. Read more »

SBI associate bank to offer VRS before merger with SBI

The details of VRS is not known as yet. Sources in the SBI said all associate bank employees opting for it would get similar benefits Read more »

Fitch Assigns ‘BBB-‘ to New EUR500 Million Term Loan

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed Equinix, Inc.'s Long-Term Issuer Default Rating at 'BB'. In addition, Fitch has also assigned a 'BBB-'/RR1 rating to the EUR500 million Term Loan that is expected to... Read more »

Fitch Affirms Marsh & McLennan’s Ratings at ‘A-‘; Outlook Stable

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed Marsh & McLennan Companies, Inc.'s (MMC) Long-Term Issuer Default Rating (IDR) and existing senior unsecured debt ratings at 'A-' and short-term ratings at 'F2'. The Rating Outlook... Read more »

Fitch Rates Ecuador’s 2026 USD Bond ‘B’

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'B' rating to Ecuador's $750 million notes maturing 2026. Proceeds from this issuance will be used for general budgetary financing purposes. KEY RATING DRIVERS The... Read more »

Fitch: 2017 Outlook for South American Banks Reflects Mixed Degrees of Robustness

NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: 2017 Outlook: South American Banks (Exc. Brazil) (Mixed Degrees of Financial Flexibility Amid a Challenging Environment) https://www.fitchratings.com/site/re/890986 Fitch Ratings has published a... Read more »

The Growing Gig Economy and What it Means for Us

What's your place and role in the growing "gig" economy? Read more »

Fitch Maintains Negative Watch on Puerto Rico Aqueduct & Sewer Authority Rev Bonds

AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings maintains the following Puerto Rico Aqueduct and Sewer Authority (PRASA) bonds on Rating Watch Negative: --Approximately $3.3 billion in outstanding senior lien revenue bonds, series A, B, 2012A... Read more »

Fitch Rates Minneapolis Special SD GOs & COPs ‘AA+’/’AA-‘; Downgrades Outstanding on Criteria Change

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a programmatic rating of 'AA+' and underlying rating of 'AA-' to the following Minneapolis Special School District No. 1, MN general obligation (GO) bonds and certificates... Read more »