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INdian Road Logistics Fy 24: Demand momentum to continue in FY2024 with 6-9% YoY revenue growth. Inflation to dampen operating margins to a range of 10.5%-12.5% in FY2024 compared to 12.4% in FY2023, ICRA said.
A task force set up by the Ministry of Power is examining the feasibility of interconnecting the regional grids of south-east Asia, south Asia, the middle east, Africa, and Europe for sharing renewable energy.
Banks and Non-Bank lenders intensify unsecured retail loan disbursements to boost margins, , lending, loans, credit, credit card, loan writeoffs
Below par monsoon is the primary reason for the falling tractor sales, which were “good” in FY22 and FY23. The high base of the previous two fiscal years is also affecting growth; a large part of tractor buying is due to replacement demand.
While the festive season may spur demand in some way in the upcoming months, exports are still expected to contract by 10% year-on-year presenting a grim outlook.