ICRA has projected the year-on-year (YoY) GDP growth to reasonable to a six-quarter low of 6 per cent in Q1 (April-June) FY25, amidst a contraction in Authorities capital expenditure and a dip in city shopper confidence, whilst the worth of recent challenge bulletins plunged to ₹1.2 lakh crore in Q1FY25, the bottom value in any … Read more
India’s defence sector is witnessing sturdy progress and shares within the section have outperformed the market within the final three years. A mess of things have supported this progress and being structural, the momentum can proceed to hold the shares within the medium time period. This could possibly be reaffirmed with full Funds bulletins, anticipated … Read more
JSW Metal, the most important metal producer in India, is going through a robust demand development outlook. The corporate, and the broader metal trade, have lined up a big enlargement plan to maintain tempo with the constructive prospects. The commodity value outlook can be anticipated to stabilise after a risky previous few years. We advocate … Read more
Aided by a robust present on income receipts amid strong financial progress, the Centre’s fiscal deficit as a share of GDP for 2023-24 shocked positively and got here in at 5.6 per cent, decrease than the 5.8 per cent projected on the revised estimate stage within the current interim funds, official information confirmed. Additionally learn: … Read more
International brokerage Jefferies sees Indian financial system clocking sturdy 6-7 per cent GDP progress over the subsequent 5-7 years, driving on the resurgence of a multi-year capex upcycle. Any potential central authorities capex slowdown — as a consequence of doubtless 140 foundation factors fiscal consolidation over subsequent two years — within the upcoming interim funds … Read more
From being featured within the second RBI listing of notorious defaulters in 2017-18 to planning a capital expenditure of ₹1,000 crore, Jai Balaji Industries has come a good distance, turning into a really uncommon case of a profitable turnaround story within the metal trade. Hit by the sudden deallocation of a coal block by the … Read more