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

SBI: SBI raises Rs 10,000 cr via bond sales to fund infra projects

Mumbai: State Bank of India on Wednesday raised ₹10,000 crore through a sale of infrastructure bonds, with the lender’s first debt issuance of the current financial year witnessing firm demand from the investors. Separately, ICICI Bank is likely to carry out a sale of infrastructure bonds on June 28, with the private lender looking to … Read more

MoSPI says 449 infra projects hit by cost overrun of Rs 5.01 lakh cr in March

New Delhi: As many as 449 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by cost overrun of more than Rs 5.01 lakh crore in March 2024, an official report stated. According to Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 crore and … Read more