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ICRA revises India’s FY22 real GDP forecast upwards to 9%

ICRA revises India’s FY22 real GDP forecast upwards to 9%

🕔07:24, 28.Sep 2021

New Delhi, Sep 28  Ratings agency ICRA on Monday revised its real GDP growth forecast for India in FY2022 to 9 per cent from 8.5 per cent. The agency credited the upward revision in the GDP to the brightening prospects

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Doldrums to continue for power distribution sector: Ind-Ra

Doldrums to continue for power distribution sector: Ind-Ra

🕔07:23, 9.Mar 2021

New Delhi, March 9  Ratings agency India Ratings and Research has maintained a negative outlook on the power sector for FY22, on account of a further weakening in the financial position of distribution companies due to Covid-19 led business disruptions.

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Cess reduction to benefit upstream oil and gas companies

Cess reduction to benefit upstream oil and gas companies

🕔09:43, 11.Oct 2020

New Delhi, Oct 11  Ratings agency India Ratings and Research has opined that a cess reduction on oil and gas sector is likely to benefit upstream firms such as Oil and Natural Gas Corporation and Oil India. “Together, these developments

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India’s banking sector expected to face capital shortfalls: Fitch

India’s banking sector expected to face capital shortfalls: Fitch

🕔10:05, 2.Jul 2020

Mumbai/Singapore, July 2  Ratings agency Fitch Ratings on Wednesday said that India’s banking sector is expected to face capital shortfalls due to coronavirus pandemic-related disruption. According to Fitch Ratings, Indian banks are likely to require at least $15 billion in

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India’s growth to be highest among G20 countries: Moody’s

India’s growth to be highest among G20 countries: Moody’s

🕔08:23, 13.May 2015

New Delhi, May 13  Ratings agency, Moody’s on Tuesday said that at 7.5 percent, India’s growth rate during 2015-16 will be the highest among the global 20 major economies (G20). It said the growth has been predicted on the basis

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India’s power utilities to maintain high capex: Fitch

India’s power utilities to maintain high capex: Fitch

🕔14:38, 12.Dec 2014

New Delhi, Dec 12  Ratings agency Fitch Friday said that India’s power utilities are likely to maintain high capital expenditure levels for generators and grid operations. According to the ratings agency, this trend will lead to negative free cash flow

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