Principal Deputy Spokesperson for the US Department of State, Vedant Patel on Tuesday said that there is an ongoing dialogue and that the US expects accountability from the Indian authorities.
Fitch Ratings expects India's power demand to rise by 7-8 per cent year-on-year in second quarter of 2024 due to robust industrial activity, strong GDP growth and the Indian Meteorological Department's (IMD) forecast of above-normal temperatures during the summer months.
Ind-Ra expects the prices to have been higher 22 per cent year-on-year at end-2023-24 and would be subdued at around 5 per cent for 2024-25, due to the base effect and large amount of new launches planned.
Finance Minister Muhammad Aurangzeb said on Sunday that the privatization of Pakistan International Airlines (PIA) is expected by the end of June or early July, with Islamabad airport potentially following suit shortly after, Dawn reported.
As the Reserve Bank of India (RBI) maintained the status quo in repo rate for the seventh time this month, rating agency Crisil now expects the rate cut cycle to begin from mid-2024. The repo rate is the rate of interest at which RBI lends to other banks.
Amid fears of the ongoing hostilities in Gaza devolving into a larger Middle-Eastern conflict, US President Joe Biden on Friday said he expects Iran to attack Israel 'sooner than later', CNN reported.
Amid repeated disruptions, Vistara has announced scaling back its operations by 25-30 flights per day, which is expected to provide much-needed resilience and buffer in the rosters and bring stability, the airline spokesperson said.
ICRA expects a muted 8-9 per cent recovery in revenues of its sample companies to Rs 28,150 crore in the financial year 2025 from Rs 26,000 crore, benefiting from the low base and replenishment of stock in the US and EU regions.
This outlook comes amidst a backdrop of sustained momentum in credit growth, particularly across agriculture, MSME, and services sectors, as revealed by the latest credit growth numbers.
According to the rating agency, the economic growth in the current financial year was supported by a strong growth in investment demand led by public capital expenditure.
Israel's Transportation Ministry reported that in recent days, Israel Railways marked a major milestone in the development plan for the coming decades, with the completion of the upgrade of the signalling system to electronic signalling throughout the country.