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Fitch says Indian mining companies face margin risk after Supreme Court ru
Updated : 1 year, 7 months ago IST
On August 14, the Supreme Court ruled that mineral-rich states can collect past dues on royalty and taxes on mines and mineral-bearing land from April 1, 2005, from both the Centre and mining lease holders
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Slowdown in Oil, gems, and jewellery exports led to contraction in India's
Updated : 1 year, 7 months ago IST
The weakness in oil, gems, and jewellery exports led to the contraction in India's merchandise exports in July, the market analytics and intelligence agency Crisil Ratings said in its latest report.
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Bangladesh crisis may affect medical-tourism to India: CareEdge Ratings
Updated : 1 year, 7 months ago IST
Bangladesh is a big contributor to India's medical tourism sector and if the ongoing instability continues there could be a decline in footfalls. CareEdge Ratings anticipates that if the unrest persists, the footfalls are likely to decline by 10-15 per cent from Bangladesh during 2024.
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Indian IT services revenue growth to remain modest on soft IT spending, Fi
Updated : 1 year, 7 months ago IST
The modest growth rate is based on the rationale that clients may delay discretionary IT spending due to economic uncertainties.
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Renewable energy storage capacity to rise from 1 GW to 6 GW by year 2027-2
Updated : 1 year, 7 months ago IST
India's renewable energy storage capacity is expected to surge 6 GW by fiscal 2028 from less than 1 GW operational as of March 2024, driven by a robust pipeline of projects under implementation, said Crisil Ratings.
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Housing finance companies unlikely to face difficulty in complying with re
Updated : 1 year, 7 months ago IST
Deposit-taking housing finance companies (HFCs) are unlikely to face difficulty in complying with the Reserve Bank of India's (RBI) revised norms for raising public deposits issued on August 12, 2024, said Crisil Ratings.
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Modulus Alternatives Announces the Appointment of Two New Directors to its
Updated : 1 year, 7 months ago IST
Mumbai (Maharashtra) [India], August 12: Modulus Alternatives, an established alternative asset manager in private credit, is pleased to announce the appointment of Alok Agarwal (former CFO, Reliance Industries) as a Non-Executive Director and Raman Uberoi (Senior Advisor, Government &
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India's corporate credit quality is getting stronger: S&P Global
Updated : 1 year, 7 months ago IST
S&P Global's analysis reveals that one in three ratings within India now have positive outlooks, marking a substantial shift after three years of net positive rating actions. The report indicates that corporate India has built greater headroom against downside risks, reflecting a more st
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Microland Earns Gold Rating from EcoVadis for Outstanding Sustainability P
Updated : 1 year, 7 months ago IST
Bengaluru (Karnataka) [India], August 12: Microland, celebrating its 35th anniversary, has achieved a gold rating from EcoVadis, placing it in the top 5% of over 125,000 assessed companies. This milestone underscores Microland's exceptional performance in Environment and Sustainable Procurem
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Declining bank deposits raise concerns about NBFC's fund raising capacity:
Updated : 1 year, 7 months ago IST
Amid the concerns of declining deposits at banks, CareEdge Ratings anticipated that the credit-deposit ratios may pose a concern to the Non-Banking Financial Companies (NBFCs).
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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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Bangladesh crisis presents opportunity to Indian garment makers: CareEdge
Updated : 1 year, 7 months ago IST
Recent political upheavals and social unrest in Bangladesh, which is the second largest exporter of readymade garment, present an opportunity for the Indian garment makers, asserted CareEdge Ratings in a report.
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