The strengthening in growth momentum was led by the favourable impact of the departure of monsoon on sectors like mining and electricity, healthy demand during the festive season
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Icra’s outlook on the Indian upstream sector, however, remains stable
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Higher than average recovery in large cases at 32 per cent of admitted claims, however, a dip in recovery was seen in these large accounts in in Q2FY25
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Icra expects the collections to remain strong for secured asset classes and the rating of securitised instruments is expected to remain stable
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The centre's fiscal deficit narrowed to Rs 4.7 trillion in H1 FY2025, amid a healthy uptick in revenue receipts, a modest rise in revex and a contraction in capex
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Despite a pick-up in economic activity in September 2024, GVA growth to record an intermittent dip in Q2FY2025, doused by excess rainfall
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Rating agency Icra says that the sales volume likely to decline by 5 to 7 per cent in the current fiscal
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Icra has expected the volumes to grow by 7-8 per cent to 455-460 million metric tonne in financial year 2025 (FY25
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Rating agency Icra says that leverage (debt and guarantees) level is likely to rise to 30.0 per cent of gross state domestic product (GSDP) in FY2025 from 29.2 per cent of GSDP in FY2024
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"With a potential of becoming a USD 25 billion market in annual revenues, this could mean approx. USD 3 billion in forex savings annually," says Icra
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