Credit quality outlook of India Inc positive in first half of FY25: Crisil Ratings
April 1st, 2024 16:27
Crisil Ratings forecasts a positive credit quality outlook for Indian corporates in the first half of fiscal year 2024-25, with upgrades expected to exceed downgrades. Sectors like infrastructure, hospitality, and education are bolstered by government spending, while export-linked sectors face uncertainties due to subdued global demand.
Strong Start to FY25: Sensex rallies 363 points, boosting investor wealth by 6 lakh crore
April 1st, 2024 16:27
From the Sensex pack, JSW Steel and Tata Steel were the top gainers, rising over 4% each. UltraTech Cement, NTPC, L&T, HDFC Bank, and Power Grid also closed with gains, while Titan, Nestle India, Bharti Airtel, and IndusInd Bank ended with cuts.
EV market going to broaden; Maruti Suzuki top pick for 2024: Kumar Rakesh
April 1st, 2024 16:27
Kumar Rakesh of BNP Paribas discusses strong demand for electric two-wheelers, caution in two-wheeler segment, impact of FAME II end on EV demand, tractor industry cyclicality, and top pick for 2024 being Maruti Suzuki. In case of EVs. we have seen a very strong demand for electric two-wheelers in March. April will be much weaker adjusting for this pre-buying, but May onwards, penetration expected to start inching back.
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