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High forex reserves, low external debt supporting India's credit rating: C
Updated : 1 year, 5 months ago IST
India's high foreign exchange reserves and low levels of external debt are contributing to its overall credit profiling, said CareEdge Ratings on Thursday, as the rating agency assigned 'BBB+' sovereign ratings to India.
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CRISIL Removes IIFL Finance from 'Rating Watch with Developing Implication
Updated : 1 year, 5 months ago IST
Mumbai (Maharashtra) [India], October 2: IIFL Finance, which is one of India's largest non-banking financial companies, today said that leading rating agency CRISIL has removed IIFL Finance from 'Rating Watch with Developing Implications' and has reaffirmed the rating at 'CRISIL AA/CRISIL A
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Indian pharma companies' revenue expected to moderate to 9-11% in FY25 vs
Updated : 1 year, 5 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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Private sector will have to invest more to keep growth momentum of India:
Updated : 1 year, 5 months ago IST
India's private sector will have to shoulder more investment responsibility for the country's growth because India's fiscal settings are constrained and the government might not be able to provide as much financial support as before, says global rating agency S&P.
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ICRA estimates increase in agriulture GVA based on surplus monsoon, kharif
Updated : 1 year, 5 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, 5 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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India will be third-largest economy by 2030-31 with projected annual growt
Updated : 1 year, 5 months ago IST
India is on track to become the third-largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7, the credit rating agency S&P Global said in its report named India Forward Emerging Perspectives.
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Fitch Ratings affirms India's sovereign rating at 'BBB-' with a Stable Out
Updated : 1 year, 6 months ago IST
American credit rating agency Fitch Ratings, on August 29, affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook.
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RBI expected to begin rate cuts in October, with two reductions this fisca
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that external factors like weather conditions and international commodity prices do not cause any disruptions, the credit rating agency, Crisil said in its report.
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Galgotias University Receives Platinum Rating in Law and Legal Studies fro
Updated : 1 year, 7 months ago IST
New Delhi [India], July 27: Galgotias University has received the highest Platinum rating in Law and Legal Studies from QS I-Gauge, a leading global rating agency for universities and colleges. This honor reflects the university's commitment to excellence in education, research, and innovati
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Jute makers expected to see margins drop for second straight year
Updated : 1 year, 8 months ago IST
Operating margins of jute manufacturers are expected to shrink 50 basis points (100 basis point is equated to 1 percentage point) this financial year 2024-25, according to rating agency Crisil.
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Revenues of top Indian states to grow at 8-10 pc this financial year: Cris
Updated : 1 year, 8 months ago IST
Revenue of India's top states, which account for over 90 per cent of India's gross state domestic product, is likely to grow at a steady pace of 8-10 per cent this current financial year 2024-25, according to an analysis by rating agency Crisil Ratings.
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