Monday, Aug 15, 2022
Science and Tech
Solar PLI scheme to benefit 8 to 13 pc of incremental panels demand till FY30: Ind-Ra
The amount under PLI will have to go significantly up if India has to reduce its import dependence
Pharmaceutical market rebounds in March at 10.3 pc: Ind-Ra
The growth was attributed to acute therapy products primarily in anti-infective, gastro and vitamin segments.
Privatising two PSBs: Ind-Ra warns of rating impact if govt cedes control
The impact will be more if the government chooses to privatise the weaker banks, which are yet to be consolidated, Ind-Ra added.
Basic customs duty on solar cells to push tariff upwards: Ind-Ra
"The imposition of basic customs duty (BCD) on solar cells and modules with effect from April 1, 2022 will lead to an increase in solar tariffs on account of a rise in the overall project costs," Ind-Ra said.
Housing sales likely to drop 34% in FY21: India Ratings
The agency emphasised that the overall sales in FY22 could still be around 14 per cent below FY20 level.
Ind-Ra upgrades FY21 credit growth estimates to 6.9%
Amid the pandemic, the credit offtake in banking system remained muted, which led to lesser issuances of certificates of deposits (CDs).
Base Effect: India’s FY22 GDP expected to grow 10.4%, says Ind-Ra
Accordingly, the ratings agency's estimates showed that after recording negative growth during 9MFY21, GDP growth will finally turn positive at 0.3 per cent YoY in 4QFY21.
RBI proposals to restrict land financing by NBFCs: Report
"The wholesale NBFCs that have been using structuring to fund land acquisitions have generally been averse to funding land acquisitions over the last couple of years.
‘India’s YoY formulations’ market growth revives back to 8.5% in Dec’
Accordingly, the report cited a YoY volume growth of 0.3 per cent, price growth of 5 per cent and products launches at 3.1 per cent during December 2020.
Centre’s ethanol focus positive for sugar industry, as exports likely to reduce: Ind-Ra
As per the report, record exports and a resilient domestic demand made sugar one of the few sectors to witness strong revenue growth in the Covid-19 affected in 1HFY21.
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