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The Cricket World Cup will add to the festive cheer in the economy this quarter, lifting growth by about 10 basis points as cricket lovers get set to spend big on select goods and a host of services, economists said.
Ind-Ra expects trend to continue through FY24; says stability in operating profitability, rising surgical volumes, a diversified payer mix, and increasing occupancy levels will keep leverage at manageable levels
Reserve Bank of India (RBI) has decided to discontinue the incremental cash reserve ratio (I-CRR) in three phases from 9 September 2023 to 7 October 2023. In its monetary policy in August 2023, RBI asked scheduled banks to maintain an I-CRR of 10% on the increase in their net demand and time liabilities (NDTL) from 19 May 2023 to 28 July 2023.
In Q1, the US business of the rated companies grew by a remarkable 26.6 per cent YoY
Recent data from the Insolvency and Bankruptcy Board of India (IBBI) June 2023 newsletter indicates that the average time taken for a corporate insolvency resolution process (CIRP) yielding through resolution or liquidation is at a three-year high for all stakeholders.