India Inc’s credit quality remained robust in FY24, with the number of entities upgraded outpacing those downgraded even as the outlook on this front remains positive for the new financial year, going by credit rating agencies’ (CRAs) assessment of India Inc’s credit profile. Rating agencies observed that resilient economy, robust domestic consumption demand across several … Read more
The electric two-wheeler vehicle sales are nearing the one million mark with FY2023-2024 recording 8.51 lakh electric two-wheeler registrations in India. Also read: Two-wheeler inventory level drops in CY24 According to Vahan data, which tracks vehicle registrations in the country, in FY2022-2023, 7,25,297 electric two-wheelers were registered as compared to only 2,50,219 electric two-wheelers registered … Read more
Airlines are projected to report a lower net loss of ₹3,000 to 4,000 crore in the current as well as next financial years, helped by healthy passenger traffic growth and pricing discipline, a report said on Monday. For February, credit rating agency ICRA in its report said domestic air passenger traffic was estimated at around … Read more
The renewable energy sector is expected to witness rapid progress in the next few quarters as about 25 GW of new capacity is expected to be added in the next 12-15 months, according to industry analysts. Also read: IREDA, PNB to co-finance green energy projects The installed renewable energy (RE) capacity excluding hydro energy in … Read more