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Higher generation capacity, gas-based plants to help meet India's high sum
Updated : 1 year, 10 months ago IST
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.
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Housing prices in India expected to moderate 5% in 2024-25: India Ratings
Updated : 1 year, 10 months ago IST
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.
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Brickwork Ratings diversifies its Board with Santosh B Nayar as Chairman
Updated : 1 year, 10 months ago IST
Bengaluru (Karnataka) [India], April 23: Brickwork Ratings (BWR) has diversified and broadened its Board with additional Independent Directors having expertise in banking, ratings, law, information technology and corporate business. The Board's Independent Directors include Santosh B Nayar,
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Operating margins for Indian cotton yarn spinners to expand this year: Cri
Updated : 1 year, 11 months ago IST
After a year of turmoil last financial year, the cotton yarn spinning industry is expected to witness a breather this year.
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Fitch Ratings affirms stable outlook for key Indian banks amid economic tu
Updated : 1 year, 11 months ago IST
The ratings agency affirmed various credit ratings for these institutions, signaling confidence in their financial stability despite ongoing economic challenges.
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SGS awarded Gold Rating by Indian Green Building Council for its automotiv
Updated : 1 year, 11 months ago IST
Mumbai (Maharashtra) [India], April 16: SGS, world's leading provider of Testing, Inspection and Certification services, is proud to announce that its Pune-Chakan facility has been awarded the prestigious 'Gold Rating' by the Indian Green Building Council (IGBC). This recognition underscores
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Crisil expects RBI to initiate repo rate cuts from mid-2024
Updated : 1 year, 11 months ago IST
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.
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US interest rate cut in June seems off the table: Moody's
Updated : 1 year, 11 months ago IST
Rating agency Moody's believes an interest rate cut at US Federal Reserve June's meeting is likely off the table given stubborn inflation in the country.
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Moody's maintains stable outlook for India
Updated : 1 year, 11 months ago IST
Following a series of relatively strong growth numbers in the first three quarters of financial year 2023-24, Moody's has revised India's real GDP growth projection to 8 per cent for the full year.
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Fitch downgrades outlook on China to negative
Updated : 1 year, 11 months ago IST
Ratings agency Fitch revised its outlook on China's sovereign credit rating to negative from stable, citing risks to the country's public finance outlook and amid a transition away from real estate sector-led growth.
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Maharashtra, Karnataka, Gujarat pioneering trillion-dollar economy milesto
Updated : 1 year, 11 months ago IST
The analysis, presented in a recent publication by Ind-Ra, forecasts that India's economy is on track to ascend to the upper-middle-income category between fiscal years 2033 to 2036, eventually culminating in a USD 15 trillion economy by fiscal years 2043 to 2047.
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States to sustain capex focus with improved fiscal space: Ind-Ra report
Updated : 1 year, 11 months ago IST
Anuradha Basumatari, Director of Public Finance at Ind-Ra, emphasized the favorable conditions for capital expenditure, stating, "Containment of the revenue deficit provides greater fiscal flexibility to states, which is favorable to capital expenditure and is expected to continue in FY25
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