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CRISIL upgrades Suzlon Energy Limited ratings second time in a year
Updated : 1 year, 2 months ago IST
Pune (Maharashtra) [India], January 1: Suzlon Group, India's leading renewable energy solutions provider, today announced that CRISIL Ratings has upgraded its credit rating to 'CRISIL A' with a Positive Outlook, underscoring the company's robust performance and improved profitability.
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Public finance of GCC countries witnessed significant financial surplus in
Updated : 1 year, 2 months ago IST
The GCC countries reported significant financial surpluses in 2022 and 2023, totaling USD 134 billion and USD 2 billion, respectively, according to GCC-Stat. Public debt stabilised at 28 per cent of GDP and is projected to remain steady through 2025. Credit rating agencies highlighted improv
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Travel boom in India will enable branded hotels log double-digit growth th
Updated : 1 year, 2 months ago IST
Branded hotels in India are likely to see double-digit revenue growth this financial year and the next, fuelled by demand outpacing supply, asserted Crisil Ratings.
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Jasprit Bumrah achieves joint-highest rating for Indian Test bowlers in IC
Updated : 1 year, 2 months ago IST
India's ace pacer Jasprit Bumrah has reached an impressive milestone in the ICC Men's Test Bowling Rankings, sitting at 904 rating points. This achievement ties the record for the highest rating ever attained by an Indian player, a record previously set by spinner Ravichandran Ashwin. Bumrah
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Nissan-Honda integration could boost credit for Nissan, compared to Honda:
Updated : 1 year, 2 months ago IST
The proposed integration between Nissan and Honda will benefit Nissan more from a credit perspective, while Honda faces more risk due to its stronger credit profile after the business integration efforts between both automobile companies, according to Moody's Ratings.
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Operating losses of e-pharmacies seen falling below 10% next financial yea
Updated : 1 year, 2 months ago IST
The e-pharmacy sector is in the early growth stage and faces significant operating losses due to high initial investments in technology, large inventory and supply chain inefficiencies.
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India's data centre capacity to more than double by fiscal 2027: Crisil re
Updated : 1 year, 2 months ago IST
The Indian data centre industry's capacity is set to more than double to 2-2.3 GW by fiscal 2027, Crisil Ratings asserted on Monday, attributing to increased digitalisation in the economy.
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Wood cost to tear off writing and printing paper margin: Crisil report
Updated : 1 year, 2 months ago IST
Operating margin of writing and printing paper manufacturers is set to contract 400-500 basis points to 15-16 per cent this financial year -- following a similar correction last fiscal from the unusually high level of fiscal 2023 -- driven by costlier hardwood and softwood and softening real
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India's solar equipment manufacturing poised for healthy growth next 2-3 y
Updated : 1 year, 2 months ago IST
India's solar equipment manufacturing capacity is poised for healthy growth over the next 2-3 years, entailing a capex of nearly Rs 1 lakh crore, asserted CareEdge Ratings.
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Tips to Pick the Right Personal Loan App
Updated : 1 year, 3 months ago IST
New Delhi [India], December 16: You must choose one that suits your requirements and preferences from the many options available. Some apps may offer lower interest rates than others, but your final rate depends on your credit rating, debt-to-income ratio, and repayment history. Moreover, th
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India's fiscal deficit will be 4.8 pc in FY25, below budget estimate of 4.
Updated : 1 year, 3 months ago IST
The fiscal deficit of the central government is projected to be 4.8 per cent of GDP for FY25, slightly below the budgeted estimate of 4.9 per cent, according to a report by Care Edge Ratings. The marginal improvement is attributed to healthy tax collections, despite certain shortfalls.
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India continues to hold steady despite global uncertainties: CareEdge Rati
Updated : 1 year, 3 months ago IST
CareEdge Ratings expects the central government to continue on the path of fiscal consolidation and projects India's GDP growth to moderate but remain healthy at 6.5 per cent in the current financial year.
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