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India launches Solar Star rating program to boost energy efficiency

Developed by the Bureau of Energy Efficiency (BEE), this initiative will be effective from January 1, 2024, to December 31, 2025.Read more

India's private capex faces challenges amidst optimism

India Ratings and Research (Ind-Ra) suggests a potential uptick in private investment if certain economic conditions persist.Read more

SIDBI offers 100% financing for MSMEs' Green Energy Projects

SIDBI is prepared to extend loans with 100% coverage, offering interest rates as low as 7-8%, contingent upon the credit ratings of the applicants.Read more

Tata Electronics plans over Rs 500 Cr loan for Hosur Expansion

The inaugural phase (referred to as 1A) of its manufacturing facility commenced operations in December 2022, with a total project cost of Rs 4,225 crore, funded in a 70:30 debt-equity ratio.Read more

CRISIL forecasts a 35% surge in road and renewable energy investments by 2024

The report highlights that favourable policies, escalating investor interest, and effective project implementation will contribute to this capital outlay expansion in these sectors.Read more

Thermax’s facility in Sri City received Platinum rating from Cll – IGBC

Thermax, a leading conglomerate providing systems, products and services in the areas os waste heat recovery, waste to energy, green power and steam generation, air pollution abatement, process improvement chemicals, solar energy, water treatment and recycling. B C Mahesh, Executive Vice President and BU Head – Industrial Products, Thermax Limited, in this interview shares that the company has signed MoU with Australian green energy firm, Fortescue Future Industries (FFI) to explore green hydrogRead more

Roadmap to meet India’s $2 trillion export target by 2030: CareEdge Ratings

The note points out that trade will play a crucial role in enhancing the welfare of any economy through growth and productive employment opportunities.Read more

Crossing the $2 trn export barrier

The Government of India has set a target of tripling annual exports to $2 trillion within five years to boost economic growth, increase the contribution of manufacturing sector to GDP and create jobs for the country's youth.Read more

Bank GNPAs may touch low of 4% by FY24; MSMEs remain a concern area

Gross non-performing assets (GNPAs) of corporate segment is likely to fall below 2% next fiscal from a peak of 16% as on March 31, 2018; GNPAs of MSME (micro, small and medium enterprises) segment may rise to 10-11% by FY24 from approximately 9.3% as on March 31, 2022, says CRISIL Ratings.Read more

Normal monsoon to lift revenue of agri-pump makers by 8-10%: Crisil

Solar pumps being preferred over conventional ones. The Rs 5,000 crore sector is dominated by conventional pumps (grid-connected and diesel pumps), which account for 92% share, followed by solar pumps (8%).Read more

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