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Poonawalla Fincorp's rating upgraded to CRISIL AAA
Updated : 2 years, 11 months ago IST
Pune (Maharashtra) [India], April 25 (ANI/BusinessWire India): CRISIL Ratings Ltd (CRISIL) has upgraded the rating for long-term debt instruments and bank facilities of Poonawalla Fincorp Limited (PFL) to "CRISIL AAA (triple A)/ Stable".
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Mall operators expected to register 7-9 pc revenue growth 2023-24: Crisil
Updated : 2 years, 11 months ago IST
Firm retail sales and improved incomes from rental activities are expected to lift the revenue of mall operators by 7-9 per cent during the financial year 2023-24, according to Crisil Ratings.
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Revised gas pricing guidelines could cut CNG, domestic PNG prices by 9-11
Updated : 2 years, 11 months ago IST
The price of such natural gas shall be 10 per cent of the monthly average of Indian Crude Basket and shall be notified on a monthly basis.
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Indian IT sector revenue likely to plunge 700-900 basis points in fiscal 2
Updated : 2 years, 11 months ago IST
The information technology (IT) services sector in India is expected to see a decline in revenue growth by 700-900 basis points (100 basis points is equal to 1 percentage point) in fiscal 2024 amid global macroeconomic and financial sector headwinds, according to a Crisil report.
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Stainless steel demand in India seen surging through 2025: CRISIL report
Updated : 2 years, 12 months ago IST
India's demand for stainless steel, which was four million tonne in 2022, is projected to log a healthy compound annual growth rate (CAGR) of 9 per cent in the three fiscals through 2025, according to a CRISIL Ratings report.
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Cereal prices likely to remain elevated going into next financial year: Cr
Updated : 3 years, 1 month ago IST
Prices of cereals are unlikely to surge as they did recently but may remain elevated well into next financial year.
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India's footwear, textile exports vulnerable to global slowdown: Report
Updated : 3 years, 1 month ago IST
A slowdown in 2023 in advanced economies, especially the US and the eurozone, is expected to make India's footwear and leather products export trade vulnerable, said Crisil Ratings.
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Commercial vehicle sales in India may rise 9-11 pc next fiscal: Crisil Rat
Updated : 3 years, 1 month ago IST
The rating agency said increased allocation to infrastructure spending in the Union Budget for next fiscal will also support demand.
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Indian cashew processors cashing in on demand, revenue to rise 15 pc: Repo
Updated : 3 years, 2 months ago IST
India remains the world's largest consumer of cashews, processing almost half of the global cashew kernels and consuming about 40 per cent of the global output. The US is a distant second, accounting for 10-15 per cent of global consumption.
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India's leather sector revenue to fall 7-8% in 2023-24 over global slowdow
Updated : 3 years, 2 months ago IST
As much as 85-90 per cent of the production by the Indian leather apparel and accessories industry is exported. Europe and North America account for 75 per cent of this.
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Repowering old wind power plants will attract Rs 40,000 cr investments: Cr
Updated : 3 years, 2 months ago IST
After 2018, wind capacity additions slowed in India and one of the key reasons for this slowdown was the shortage of wind sites with high generation potential.
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Revenue for media and entertainment to grow double-digit in FY24: Crisil R
Updated : 3 years, 2 months ago IST
The Indian media and entertainment sector may log revenue growth of 12-14 per cent on a yearly basis to about Rs 1.6 lakh crore during the financial year 2023-24 (April-March), against the expected 16 per cent growth in the current financial year ending March 2023.
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