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S&P forecasts 75 basis points repo rate cut in India in 2024-25
Updated : 1 year, 11 months ago IST
S&P Global Ratings forecast rate cuts of up to 75 basis points (100 basis points is equal to 1 percentage point) in India by its central bank in the financial year 2024-25.
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China's 2024 growth expected at 4.6%, versus 5.2% in 2023: S&P
Updated : 1 year, 11 months ago IST
According to the global rating agency, the key risks in the Chinese economy are weakness in its property market and consumption, which it argues could lead to lower growth.
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Indian banks' profitability to remain resilient despite margin pressure: F
Updated : 1 year, 11 months ago IST
Profitability of Indian banks is likely to continue to improve, although net interest margin (NIM) compression will limit earnings upside over the medium term, according to Fitch Ratings.
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India's growth projected at 6.8 per cent, inflation to decline to 4.5 perc
Updated : 1 year, 11 months ago IST
The forecast suggests a moderation in India's real GDP growth to 6.8 per cent in fiscal year 2025, ending in March 2025.
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India aims for 30 percent of all vehicle sales to be electric by 2030: Car
Updated : 1 year, 11 months ago IST
EVs offer the lowest lifetime cost, followed by CNG. Demand for EVs is booming, driven by government incentives, reducing battery costs, and rising fuel costs, especially petrol and diesel.
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ABB India Turns Half of Its Manufacturing Locations 'Water Positive'
Updated : 1 year, 11 months ago IST
Bengaluru (Karnataka) [India], March 23: ABB India today announced that its Peenya campus1 in Bengaluru has been certified water positive by the Green Rating for Integrated Habitat Assessment (GRIHA) Council. With this, three out of its six manufacturing locations are now 'water positive'. T
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Winners of AmbitionBox Employee Choice Awards 2024 Declared: Mahindra &
Updated : 1 year, 12 months ago IST
Delhi-NCR [India], March 22: AmbitionBox, India's No. 1 platform for company reviews and salary insights announced the ABECA 2024 - AmbitionBox Employee Choice Awards, India's largest employee choice awards. In the 3rd edition of these awards, this year the winners were decided based on rati
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CRISIL Ratings upgrades U GRO Capital Limited's rating to CRISIL A/Stable
Updated : 1 year, 12 months ago IST
Mumbai (Maharashtra) [India], March 20: U GRO Capital, a leading DataTech NBFC focused on MSME lending marks a milestone as CRISIL Ratings upgraded its long-term rating on bank loans and non-convertible debentures to 'CRISIL A/Stable' from 'CRISIL A-/Positive', affirming the short-term ra
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YES Securities gives 'buy' call for Paytm, says fintech firm's business re
Updated : 1 year, 12 months ago IST
In an endorsement of One97 Communications Limited (OCL), which operates popular fintech firm Paytm, YES Securities has upgraded its rating from 'sell' to 'buy' for the first time since the commencement of its coverage.
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CRISIL Upgrades Long-Term Rating of InCred Finance to 'CRISIL AA-/Stable'
Updated : 2 years ago IST
Mumbai (Maharashtra) [India], March 15: InCred Financial Services Limited (InCred Finance) - one of India's leading diversified NBFCs, that turned Unicorn last year, has another reason to celebrate!
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Fitch raises India 2023-24 growth forecast above government estimates
Updated : 2 years ago IST
This growth forecast by the global rating agency is 20 basis points higher than the government's estimate of 7.6 per cent.
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Fitch raises global growth forecast on improved near-term prospects
Updated : 2 years ago IST
Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3 percentage points to 2.4 per cent in its latest Global Economic Outlook (GEO), arguing that the prospects for growth world over in the near-term have improved.
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