Bangalore (Karnataka) [India], February 28: Brickwork Ratings (BWR) is pleased to announce the appointment of Alok Kedia as its new Managing Director & CEO, effective Monday, February 26, 2024. Alok brings with him almost three decades of extensive experience in senior management roles a
Passenger vehicle volume is expected to ascend to a new peak for the third straight time next financial year, growing 5-7 per cent on a high base of 6-8 per cent estimated for the current year ending March 2024, according to Crisil Ratings.
India Ratings and Research (Ind-Ra) expects the economy to grow at 6.5 per cent in the financial year 2024-25, 50 basis points lower than what was projected by the central government and the Reserve Bank of India (RBI) at its recent policy review.
Mumbai (Maharashtra) [India], February 14: Margin Trading Facility (MTF) empowers investors to amplify their purchasing power, enabling them to acquire securities beyond their current funds through broker-provided borrowing. By using MTF, investors can increase their exposure to the market a
Moody's Investors Service has affirmed the ratings on eight Adani Group companies. It changed the outlook on four of the Group companies to stable from negative and maintained the stable outlook on the other four companies.
India's demand for petroleum products is likely to increase by a mid-single-digit percentage in the financial year ending March 2024, following a 10 per cent post-pandemic recovery in 2022-23, according to Fitch Ratings.
According to Fitch Ratings, this follows a robust 5 per cent year-on-year increase in the first nine months of FY24 and a noteworthy 10 per cent post-pandemic recovery witnessed in FY23.
The anticipated increase is attributed to several factors including higher growth prospects in emerging markets compared to developed markets and the potential for US Federal Reserve rate cuts later in the year.
Fitch Ratings highlights that these targets align closely with their assumptions when affirming India's rating at 'BBB-' with a Stable Outlook in January.
India's interim Budget presented last week pointed to a slightly faster pace of consolidation in the next two fiscal years than was previously expected, and it reinforced its commitments to raise capital investment, said Fitch Ratings.
According to Fitch Ratings, the strategic positioning of HEVs as a transitional replacement for internal combustion engine (ICE) vehicles allows automakers to build profits and lay the groundwork for a seamless shift to BEVs.
As per Fitch Ratings, the impact on SF notes could result from operational disruptions, a re-evaluation of risk management quality, or spill-overs affecting underlying obligor behaviour. Ultimately, a cyber attack could result in a missed bond payment, creating credit implications for SF tra