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India's mining and construction equipment industry to expand by 70-80 pc i
Updated : 1 year, 7 months ago IST
India's mining and construction equipment (MCE) industry is poised for significant growth, with localisation levels expected to increase to 70-80 per cent in the next 5-7 years, highlighted ICRA in a report.
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Indian pharma companies' revenue expected to moderate to 9-11% in FY25 vs
Updated : 1 year, 8 months ago IST
Revenues of Indian pharma companies are likely to expand by 9-11 per cent in the current financial year, albeit a moderation from the increase of 13-14 per cent recorded in the previous year, said rating agency ICRA in a report.
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Oil marketing companies making profit of Rs 15/lt on Petrol, Rs 12/lt on D
Updated : 1 year, 8 months ago IST
With crude prices going down, oil marketing companies (OMCs) are making huge profits by selling petrol and diesel.
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Jindal India Institute Trains Over 30 Foreign Diplomats and Journalists to
Updated : 1 year, 8 months ago IST
Sonipat (Haryana) [India], September 27: The Jindal India Institute (JII) of O.P. Jindal Global University (JGU) hosted 31 foreign diplomats, foreign correspondents and defence attaches from 20 embassies, high commissions, international organisations and new agencies at the third edition of
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India's Bank bond issuances may hit Rs 1.2-1.3 trn this fiscal: ICRA
Updated : 1 year, 8 months ago IST
Tight liquidity conditions and strong credit growth, outpacing deposit accumulation, have prompted banks to turn to bond markets to meet their funding requirements. As of FY2025 year-to-date (YTD), banks have issued Rs. 767 billion in bonds, reflecting a 225 per cent year-on-year increase an
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ICRA estimates increase in agriulture GVA based on surplus monsoon, kharif
Updated : 1 year, 8 months ago IST
Above-normal monsoon rains that helped farmers sow more crops this Kharif season bode well for agriculture, and are likely to improve gross value addition (GVA) in the sector
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Interlinking river projects to offer business opportunities worth Rs 80,00
Updated : 1 year, 8 months ago IST
Business opportunities worth Rs 2.0 lakh crore are expected to open up for engineering, procurement, and construction entities (EPC) players over the next decade for the completion of four priority interlinking river (ILR) projects, ICRA asserted in a report.
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Private credit market in India sees robust growth in H1 CY2024 with USD 6
Updated : 1 year, 8 months ago IST
The momentum seen in H1 CY2024 has already outpaced the deal flow of the previous year, showcasing the growing interest and activity in the private credit sector.
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Over 94% telecom services restored in flood-hit Tripura as DoT, TSPs rall
Updated : 1 year, 9 months ago IST
Tripura has experienced severe disruptions following unprecedented heavy rainfall from August 19 to August 23, leading to intense flooding. The floods caused extensive damage to the telecom infrastructure, resulting in widespread service interruptions.
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Over 73 per cent of Agriculture Budget goes towards welfare measures, subs
Updated : 1 year, 10 months ago IST
Food and fertilizer subsidies account for more than 50 percent of the Union Budget for the rural and agrarian sector in FY 25, highlighted a report by the Indian Council for Research on International Economic Relations (ICRIER) by agriculture economist Ashok Gulati and Purvi Thangraj.
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Punjab, Haryana must review farmers' incentive to diversify from paddy-whe
Updated : 1 year, 10 months ago IST
The government of Punjab and Haryana must re-purpose their subsidy policy towards rice and wheat farmers to diversify the crop pattern in these green revolution states, which are under deep stress, recommended Indian Council for Research on International Economic Relations (ICRIER) in a repo
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Revenue of sugar mills expected to rise 10 pc in 2024-25: ICRA
Updated : 1 year, 10 months ago IST
The revenue of sugar mills is likely to expand by 10 per cent in financial year (FY) 2025, supported by an expected increase in sales volumes along with firm domestic sugar prices and higher distillery volumes after the operationalisation of new capacities, said ICRA.
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