care ratings

National Electricity Plan: Which sectors will be beneficiaries of National Electricity Plan? Care Rating’s Sabyasachi Majumdar explains

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National Electricity Plan: Which sectors will be beneficiaries of National Electricity Plan? Care Rating’s Sabyasachi Majumdar explains

Sabyasachi Majumdar, Senior Director, Care Ratings, says one of the beneficiaries of the new National Electricity Plan would be the transmission companies.There will be a lot of projects for them to take up. But apart from that, the beneficiaries will be the suppliers to the transmission network, which will basically be the equipment manufacturers, people … Read more

Reserve Bank lifted curbs on gold loan business, says IIFL Finance

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Reserve Bank lifted curbs on gold loan business, says IIFL Finance

The Reserve Bank of India (RBI) has lifted the curbs imposed on the gold loan business of IIFL Finance with immediate effect, the company told stock exchanges on Thursday. The RBI had prohibited the company from sanctioning, disbursing, or selling any of its gold loans in March this year citing certain supervisory concerns. The central … Read more

Commercial vehicle sales volumes may degrow by 3-6% in FY25: CARE Ratings

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Commercial vehicle sales volumes may degrow by 3-6% in FY25: CARE Ratings

Following muted growth in FY24, Commercial Vehicle (CV) sales volumes are expected to register a degrowth by 3-6% in FY25 due to a slowdown in demand in both the Medium and Heavy Commercial Vehicle (MHCV)and Light Commercial Vehicle (LCV) segments, as well as high inventory levels with dealers, CARE Ratings has said.Demand is, however, likely … Read more

power sector: Don’t foresee absolute power supply constraint current year: CARE Ratings

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power sector: Don’t foresee absolute power supply constraint current year: CARE Ratings

Sabyasachi Majumdar, Senior Director, CARE Ratings, the power sector is expected to have ample availability of electricity from thermal, gas, wind, and solar sources. The assurance lies in the willingness of distribution companies to pay for the power they receive. The current season is particularly favorable for wind and solar power generation. Unlike the supply … Read more

Shapoorji: Shapoorji arm SD Corp extends bond payment by 2 months

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Shapoorji: Shapoorji arm SD Corp extends bond payment by 2 months

Mumbai: SD Corporation, a wholly-owned company of Shapoorji Pallonji Company, rescheduled coupon payments on its ₹750 crore bonds by two months to March 31, 2024, with an agreement that it will deposit the coupon in an escrow account a day before the due date, said people with knowledge of the matter. The company is engaged … Read more