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It offers procurement and processing solutions primarily for imported as well as domestic coal, including but not limited to Indonesian coal, Australian steam coal, Mozambique steam coal, South African coal, US coal, and Russian coal, and logistics services through surface transportation.
In late December, Alexey Tsydenov, the governor of Russia’s Republic of Buryatia, created a brand-new agency aimed at preventing “separatism and nationalism” in the region. While the office is the first of its kind in Buryatia’s modern history, it’s not unprecedented: the Soviet authorities took measures to combat potential Buryat separatist movements in the 1930s, referring to these efforts as the “fight against pan-Mongolism.” In reality, there was no “pan-Mongol conspiracy” during the Stalin era, and the regime’s search for one led to mass repressions. Less than a genera...
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Aviation, hospitality, auto and auto components, and banks were the few sectors in 2023-24 where the rating upgrades were induced mostly by industry tailwinds.
ICRA's latest report highlighted India Inc's credit profile in the 2023-24 fiscal year, citing domestic consumption demand and infrastructure spending as key supports. Despite challenges like rising borrowing costs and global events, rating upgrades outpaced downgrades. Sectors like aviation and hospitality saw positive momentum, while challenges persisted in others. The agency maintained a positive outlook for the hospitality sector in 2024-25 and noted improvements in credit profiles, with a decrease in instances of defaults.