Crisil’s rating upgrade reflects the improvement in IWL’s business risk profile on account of improvement in operating performance.
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Retail segment to grow fastest, corporate to hold steady, MSME to slow on a high base
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Major central banks are awaiting decisive signals of inflation easing and growth softening to cut rates
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The rating agency asserted that the projected revenue would be driven by higher realisations stemming from elevated gold prices, while volume remains steady
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The declining cost pressure to support margin expansion despite subdued realisations, says Crisil Ratings
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