New Delhi, Fitch Ratings on Friday revised its outlook on domestic steel major Tata Steel to negative due to uncertainty over the turnaround of the company's operations in the UK.However, expected strong growth in Tata Steel's India operations and potential earnings before interest, taxes...
According to India Ratings & Research, increased private consumption will lead to more balanced growth, thereby reducing the disparity between the premium and value segments.According to the report, urban demand will also continue to increase but at a slower pace.India Ratings said growth...
Mumbai: The Reserve Bank of India on Wednesday allowed banks to use the ratings of Brickwork Ratings India Pvt Ltd for loans up to Rs 250 crore.RBI asked banks and other regulated entities not to obtain any new ratings from Brickwork Ratings India in October 2022.The certificate of...
New Delhi, Congress on Wednesday accused the government of "systematically hitting" India's MSMEs and claimed that 140 crore Indians are now paying the economic consequences of "cronyism, arbitrary policy-making and refusal to participate in constructively on the issues" of Prime Minister...
New Delhi: Markets regulator Sebi has issued new guidelines to streamline operations and improve ease of doing business for credit rating agencies.The circular introduces specific deadlines to address appeals filed by companies in relation to rating actions carried out during periodic ratings...
Mumbai rupee pared its early losses and closed almost flat at 83.50 (provisional) against the US dollar on Thursday, resisting pressure from elevated crude oil prices.Forex traders said a positive trend in domestic equities, where benchmark indices hit all-time high levels, and significant...
Mumbai rupee depreciated by 5 paise to 83.54 against the US dollar in early trade on Thursday, weighed down by elevated crude oil prices.Forex traders said a positive trend in domestic equities, with benchmark indices hitting all-time high levels and significant foreign fund inflows supported...
New Delhi, Fitch Ratings said it has affirmed the 'BBB+' rating with a stable outlook on Larsen & Toubro and stressed that the ratings indicate the company's strong financial structure and strong financial flexibility."Fitch Ratings has assigned India's Larsen & Toubro Ltd. (L&T) for the first...
As per Crisil Ratings report, operating margins are likely to expand by 50-60 basis points due to sustained revenue growth, economies of scale and better-fixed cost absorption, and remain stable over the medium term, supported by value addition clauses in contracts. should remain. ,While...
Mumbai: Benchmark equity indices closed marginally higher on Monday, helped by buying in bank stocks and a strong start in European markets.The 30-share BSE Sensex closed 131.18 points or 0.17 per cent higher at 77,341.08. The benchmark was down 463.96 points or 0.60 per cent at 76,745.94 in...
New Delhi, S&P Global Ratings on Monday maintained India's GDP growth forecast for the current fiscal year at 6.8 percent, saying higher interest rates and less fiscal stimulus will dampen demand.In its economic outlook for Asia Pacific, S&P Global Ratings said India's economic growth remains...
NEW DELHI: Fitch Ratings on Tuesday raised India's growth forecast for the current financial year to 7.2 per cent from 7 per cent estimated in March, and said rising consumer confidence will boost spending besides an increase in investment.In the June update of its Global Economic Outlook...
CHENNAI: Two-time former state chess champion Karun Duggal of Delhi on Monday clarified that he has not violated All India Chess Federation guidelines as he approached the national body for canceling his Elo rating and banning him in 2010. Had demanded compensation from.He has sent a legal...
Mumbai, Crisil Ratings on Thursday raised its outlook on long-term bank facilities and corporate credit rating (CCR) of Thomas Cook India (TCIL) to 'positive' from 'stable'.The rating agency has also affirmed the 'CRISIL AA-/Positive CRISIL A1+' rating, CRISIL Ratings said in its report.The...
New Delhi: India will remain the fastest-growing economy in the Asia-Pacific region in 2024, maintaining last year's domestically-driven momentum, Moody's Ratings said on Thursday.In a report titled Credit Conditions - Asia-Pacific H2 2024 Credit Outlook, Moody's Ratings said Indonesia, the...
New Delhi: CRISIL Ratings on Thursday said the Indian ship recycling industry will see 15 per cent revenue growth this financial year after two years of decline.The rating agency said growth will be supported by growth in new ship capacity globally and increased availability of old ships for...
New Delhi [India], In the latest assessment of India's Consumer Price Index (CPI) inflation for May 2024, experts from India Ratings & Research, PHD Chamber of Commerce and Industry and CRISIL have highlighted both the positive trends and long-term Shared insights. Challenges.Headline CPI...
New Delhi: According to India Ratings and Research (Ind-Ra), steel demand is expected to grow between 9-12 percent during the current financial year 2024-25.Demand will be supported by sustained growth in end-user industries such as automobile and infrastructure sectors, the rating agency said...
New Delhi [India], Moody's Ratings (Moody's) on Friday affirmed the Baa3 ratings on three Indian public sector banks - Bank of Baroda (BoB), Canara Bank and Punjab National Bank (PNB). The rating agency maintained a stable outlook on the long-term ratings of the three banks.Explaining the...
New Delhi: Mining group Vedanta Ltd has received approval from most of its creditors for the proposed split of businesses, a significant step in the company's plan to be split into six independently listed companies.“I am happy to tell you all that we have received 52 percent and additional...