News

Total capital outlay for roads and renewables likely to jump by 35% in FY24, FY25: Crisil Crisil Ratings in its latest report has said that the total capital outlay for roads and renewables in 2023-24 and 2024-25 is likely to jump by 35 per cent to Rs 13 lakh crore compared to that in the last two fiscal years. Conducive policies, rising investor interest and strong execution speed are expected to drive the capital outlay in the sectors.  According to the report, the pace of execution of renewable energy projects is set to increase 33 per cent to 20 GW per annum over the c...
Total capital outlay for roads and renewables likely to jump by 35% in FY24, FY25: Crisil
Total capital outlay for roads and renewables likely to jump by 35% in FY24, FY25: Crisil
Source: Accord Fintech
30/08/2023 12:35:54 PM
India`s OMCs could see operating profit rebound to Rs 1 lakh crore in FY24: Crisil Credit rating agency Crisil in its latest report has said that India’s oil marketing companies (OMCs) could see operating profit rebound to Rs 1 lakh crore this fiscal (FY24), compared with an average of Rs 60,000 crore between fiscals 2017 and 2022, and thrice last fiscal’s low of Rs 33,000 crore. It said the higher profitability would help improve the sector’s credit metrics, which had weakened significantly in the past few fiscals amid muted profitability and significant ...
India`s OMCs could see operating profit rebound to Rs 1 lakh crore in FY24: Crisil
India`s OMCs could see operating profit rebound to Rs 1 lakh crore in FY24: Crisil
Source: Accord Fintech
27/07/2023 12:52:34 PM
Indian print media sector`s revenue to grow between 13-15% in FY24: Crisil Ratings agency Crisil in its latest report has said that revenue of the Indian print media sector will grow between 13-15 per cent in FY24 on the back of  higher spending on advertisement (ad spend) by corporates in key sectors and an uptick in government ad spend in view of the upcoming state and general elections. The revenue of print media is expected to touch Rs 30,000 crore in FY24.  According to the report, print media revenues had plummeted by 40 per cent in FY21 because o...
Indian print media sector`s revenue to grow between 13-15% in FY24: Crisil
Indian print media sector`s revenue to grow between 13-15% in FY24: Crisil
Source: Accord Fintech
12/07/2023 1:09:57 PM
AdaniConneX seals largest data centre financing deal in India with $213mn construction financing facility Adani ConneX achieved financial closure through its maiden construction facility by entering into Financing Framework, raising $213 million for its under-construction data centre asset portfolio. The tied-up facility will finance two data centres with an aggregate capacity of 67 MW that includes 'Chennai 1' campus with Phase 1 of 17 MW and Noida campus of 50 MW. India is one of the fastest-growing data centre markets in the world, and as per CRISIL estimates the data centre capa...
AdaniConneX seals largest data centre financing deal in India with $213mn construction financing facility
AdaniConneX seals largest data centre financing deal in India with $213mn construction financing facility
Source: Accord Fintech
23/06/2023 3:34:56 PM
Mukka Proteins Limited refiles IPO papers with Sebi Mangaluru-based Mukka Proteins, manufactures fish meal, fish oil and fish soluble paste, an essential ingredient in the manufacturing of aqua feed (for fish and shrimp), poultry feed (for broiler and layer) and pet food (dog and cat food) has refiled its draft red herring prospectus (DRHP) with the markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). It had earlier filed its draft papers with the regulator in Mar...
Mukka Proteins Limited refiles IPO papers with Sebi
Mukka Proteins Limited refiles IPO papers with Sebi
Source: PR Agency
19/06/2023 11:15:22 AM
Navi Mutual Fund files offers document for Cash Fund Navi Mutual Fund has filed offer document with SEBI to launch an open-ended debt scheme named ‘Navi Cash Fund’. The New Fund Offer price is Rs 10. Entry load and Exit will be nil. The Scheme offers growth and dividend options for investment, and minimum target subscription amount for the Scheme to be raised is Rs 20 crore.   The performance of the scheme is benchmarked by CRISIL Overnight Fund AI Index. The minimum application amount is Rs 10 any amount thereafter. &...
Navi Mutual Fund files offers document for Cash Fund
Navi Mutual Fund files offers document for Cash Fund
Source: Accord Fintech
4/05/2023 1:26:53 PM
Mall operators to see 7-9% growth in their revenue in FY24 The mall operators are expected to see their revenue go up by 7-9 per cent this fiscal owing to buoyant retail sales and higher rental yields, said a CRISIL Ratings report. Notably, this will be on a high base of fiscal 2023, when a return to social normalcy after mobility curbs were lifted led to substantial growth in footfalls and a robust 60 per cent rise in revenue to about 116 per cent of the pre-pandemic level, the report said. Additionally, high occupancy levels, solid profitabil...
Mall operators to see 7-9% growth in their revenue in FY24
Mall operators to see 7-9% growth in their revenue in FY24
Source: IANS
24/04/2023 4:01:10 PM
Share of postpaid subscribers to increase for Indian telcos in FY23  The mobile phone industry is expected to see the postpaid subscriber base touching about 12 per cent in FY23 owing to recalibration of tariffs, unlimited 5G data, wider range of over-the-top (OTT) content and the gap between postpaid and prepaid average revenue per user (ARPU) narrowing down, said CRISIL Ratings in a report. The share of postpaid subscribers in overall wireless mobile subscribers is expected to rise about 12 per cent this fiscal, aided by the recent recalibration of ...
Share of postpaid subscribers to increase for Indian telcos in FY23
Share of postpaid subscribers to increase for Indian telcos in FY23
Source: IANS
18/04/2023 4:16:24 PM
Crisil falls despite reporting 20% rise in Q1 consolidated net profit CRISIL is currently trading at Rs. 3381.25, down by 148.30 points or 4.20% from its previous closing of Rs. 3529.55 on the BSE. The scrip opened at Rs. 3529.55 and has touched a high and low of Rs. 3576.40 and Rs. 3381.25 respectively. So far 7068 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3860.00 on 02-May-2022 and a 52 week low of Rs. 2712.05 on 23-Dec-2022. Last one week high and low of the scrip stood a...
Crisil falls despite reporting 20% rise in Q1 consolidated net profit
Crisil falls despite reporting 20% rise in Q1 consolidated net profit
Source: Accord Fintech
18/04/2023 3:27:23 PM
Bajaj Finserv Mutual Fund files draft document for Overnight Fund Bajaj Finserv Mutual Fund has filed draft document with SEBI to launch an open-ended scheme named ‘Bajaj Overnight Fund'. The New Fund Offer price is Rs 1000. The entry load is not applicable for the scheme. Exit load will be nil for the scheme. The Scheme does not provide any option for investment, and seeks to collect a Minimum Target Amount of Rs 20 crore.   The performance of the scheme is benchmarked against CRISIL Overnight Fund AI Index. The minimum application amo...
Bajaj Finserv Mutual Fund files draft document for Overnight Fund
Bajaj Finserv Mutual Fund files draft document for Overnight Fund
Source: Accord Fintech
11/04/2023 3:24:44 PM
Stumped by Reserve Bank of India's decision on repo rate, experts react The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) certainly bowled a googly at the experts who had predicted a 25 basis points repo rate hike. Interestingly, RBI Governor Shaktikanta Das on Thursday announced that the MPC has decided to hold the repo rate at 6.5 per cent. Consequently, the standing deposit facility (SDF) rate will remain unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decide...
Stumped by Reserve Bank of India's decision on repo rate, experts react
Stumped by Reserve Bank of India's decision on repo rate, experts react
Source: IANS
6/04/2023 2:53:25 PM
JM Financial AMC announces change in benchmark JM Financial Asset Management (AMC) has addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of Certain Debt Schemes of JM Financial Mutual Fund (MF). JM Financial MF (Mutual Fund) has informed that due to the change in the names of the indices by CRISIL, the benchmarks of the following debt Schemes of the MF are being renamed as under: The Existing Index name of JM Medium to Long Duration Fund (the scheme) is CRISIL Medium to Long Duration Fund BIII In...
JM Financial AMC announces change in benchmark
JM Financial AMC announces change in benchmark
Source: Accord Fintech
3/04/2023 11:55:21 AM
ICICI Prudential AMC announces change in benchmark under various schem ICICI Prudential Asset Management Company (AMC) has addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of certain schemes of ICICI Prudential Mutual Fund (the Fund) for changes in scheme benchmark nomenclature. ICICI Prudential Mutual Fund (MF) informed that pursuant to communication received from CRISIL, the benchmark nomenclature of the following schemes of the Fund shall change with effect from April 3, 2023. The Benchmark for ICICI Prudential Over...
ICICI Prudential AMC announces change in benchmark under various schem
ICICI Prudential AMC announces change in benchmark under various schem
Source: Accord Fintech
3/04/2023 11:52:20 AM
ICICI Prudential MF introduces FMP - Series 88 - Plan V ICICI Prudential Mutual Fund (MF) has launched ICICI Prudential Fixed Maturity Plan (FMP) - Series 88 - Plan V, a Close - Ended income scheme maturing on April 27, 2026 with relatively high interest rate risk and relatively low credit risk. The NFO opens and closes for subscription on March 31, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 10 thereafter. The performance of the scheme will be benchmark...
ICICI Prudential MF introduces FMP - Series 88 - Plan V
ICICI Prudential MF introduces FMP - Series 88 - Plan V
Source: Accord Fintech
31/03/2023 12:14:38 PM
Toll road operators` revenue to rise 9-11% in FY24: Crisil Rating agency Crisil in its latest report has said that toll road operators are likely to log in lower top line growth at 9-11 per cent in 2023-24 (FY24) as compared to a robust 16-18 per cent rise in revenue this fiscal (FY23). It said the jump of 16-18 per cent in revenue this fiscal will be on the back of significant hike in toll rates due to elevated inflation, and healthy traffic growth on national highways. However, it stated the revenue will moderate in FY24 due to falling inflation...
Toll road operators` revenue to rise 9-11% in FY24: Crisil
Toll road operators` revenue to rise 9-11% in FY24: Crisil
Source: Accord Fintech
29/03/2023 10:51:25 AM
Quant MF introduces Dynamic Asset Allocation Fund Quant Mutual Fund (MF) has launched Quant Dynamic Asset Allocation Fund, an Open-Ended Dynamic Asset Allocation Fund. The NFO opens for subscription on March 23, 2023 and closes on April 06, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter. The performance of the scheme will be benchmarked against CRISIL Hybrid 50+50 Moderate Index and its fund managers are Sandeep Tandon, Anikt Pande, Sanje...
Quant MF introduces Dynamic Asset Allocation Fund
Quant MF introduces Dynamic Asset Allocation Fund
Source: Accord Fintech
23/03/2023 2:30:06 PM
ICICI Prudential MF introduces FMP - Series 88 - Plan U ICICI Prudential Mutual Fund (MF) has launched ICICI Prudential Fixed Maturity Plan (FMP) - Series 88 - Plan U, a Close – Ended income scheme maturing on June 13, 2023 with relatively low interest rate risk and moderate credit risk. The NFO opens and closes for subscription on March 23, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 10 thereafter. The performance of the scheme will be benchmarked...
ICICI Prudential MF introduces FMP - Series 88 - Plan U
ICICI Prudential MF introduces FMP - Series 88 - Plan U
Source: Accord Fintech
23/03/2023 2:20:48 PM
Union MF introduces FMP - Series 13 (1114 Days) Union Mutual Fund (MF) has launched Union Fixed Maturity Plan (FMP) - Series 13 (1114 Days), a Close-ended Debt Scheme with relatively high interest rate risk and moderate credit risk. The NFO opens for subscription on March 21, 2023 and closes on March 28, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10 thereafter. The performance of the scheme will be benchmarked against CRISIL Medium Duration Fund...
Union MF introduces FMP - Series 13 (1114 Days)
Union MF introduces FMP - Series 13 (1114 Days)
Source: Accord Fintech
21/03/2023 2:51:07 PM
Tractor sales growth to halve in FY24, OPM to improve: CRISIL The growth rate in tractor sales is to halve in FY24, while the operating margins are set to improve owing to lower input costs, said credit rating agency CRISIL Ratings. "Domestic tractor sales volume growth is seen halving to 4-6 per cent in fiscal 2024 from a high base created by a compound average growth rate of 10 per cent since fiscal 2020 on the back of successive normal monsoons," CRISIL said in a statement. However, softening prices of inputs such as steel and pig iro...
Tractor sales growth to halve in FY24, OPM to improve: CRISIL
Tractor sales growth to halve in FY24, OPM to improve: CRISIL
Source: IANS
21/03/2023 2:46:34 PM
Trust Mutual Fund introduces FMP- Series III (1198 Days) Trust Mutual Fund (MF) has launched the TRUSTMF Fixed Maturity Plan (FMP) -Series III (1198 Days), a close ended income scheme with relatively high interest rate risk and relatively high credit risk. The NFO opens for subscription on March 21, 2023 and closes on March 27, 2023. The Entry load and Exit load is nil for the scheme.The minimum subscription amount is 5,000 and in multiples of any amount thereafter. The performance of the scheme will be benchmarked against CRISIL Medium Duration...
Trust Mutual Fund introduces FMP- Series III (1198 Days)
Trust Mutual Fund introduces FMP- Series III (1198 Days)
Source: Accord Fintech
21/03/2023 2:26:24 PM
SBI MF introduces FMP -Series 81 (1157 Days) SBI Mutual Fund (MF) has launched SBI Fixed Maturity Plan (FMP) - Series 81 (1157 Days), a close ended debt scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on March 21, 2023 and closes on March 28, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter. The performance of the scheme will be benchmarked against CRISIL Medium Term Debt in...
SBI MF introduces FMP -Series 81 (1157 Days)
SBI MF introduces FMP -Series 81 (1157 Days)
Source: Accord Fintech
21/03/2023 2:19:17 PM
Axis MF introduces FTP- Series 114 Axis Mutual Fund (MF) has launched Axis Fixed Term Plan (FTP) - Series 114 (83 Days), a Close ended debt scheme with Moderate Interest Rate Risk and Moderate Credit Risk. The NFO opens for subscription on March 17, 2023 and closes on March 23, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is 5,000 and in multiples of Re 10 thereafter. The performance of the scheme will be benchmarked against CRISIL Liquid Fund Index and its fund manage...
Axis MF introduces FTP- Series 114
Axis MF introduces FTP- Series 114
Source: IANS
17/03/2023 3:57:23 PM
DSP MF introduces FMP Series - 271 - 1147 Days DSP Mutual Fund (MF) has launched DSP Fixed Maturity Plan (FMP) Series - 271 - 1147 Days, a Close Ended Debt Scheme with Moderate Interest Rate Risk and Moderate Credit Risk. The NFO opens for subscription on March 17, 2023 and closes on March 20, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and any amount thereafter. The performance of the scheme will be benchmarked against CRISIL Short Duration Fund BII Index and its fun...
DSP MF introduces FMP Series - 271 - 1147 Days
DSP MF introduces FMP Series - 271 - 1147 Days
Source: IANS
17/03/2023 3:53:59 PM
JM Financial MF introduces Corporate Bond Fund JM Financial Mutual Fund (MF) has launched JM Corporate Bond Fund, an open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A relatively high interest rate risk and moderate credit risk. The NFO opens for subscription on March 06, 2023 and closes on March 20, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5000 and in multiples of any amount thereafter. The performance of the scheme will be benchmarked against...
JM Financial MF introduces Corporate Bond Fund
JM Financial MF introduces Corporate Bond Fund
Source: Accord Fintech
6/03/2023 2:32:42 PM
Aditya Birla Sun Life MF introduces CRISIL Overnight Fund AI Index ETF Aditya Birla Sun Life Mutual Fund (MF) has launched Aditya Birla Sun Life CRISIL Overnight Fund AI Index ETF, an open-ended Exchange Traded Fund replicating the CRISIL Overnight Fund AI Index. A relatively low interest rate risk and relatively low credit risk. The NFO opens for subscription on March 03, 2023 and closes on March 10, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1,000 thereafter during the NFO period...
Aditya Birla Sun Life MF introduces CRISIL Overnight Fund AI Index ETF
Aditya Birla Sun Life MF introduces CRISIL Overnight Fund AI Index ETF
Source: Accord Fintech
3/03/2023 3:15:01 PM
Hot temperature to heat up prices, reduce wheat yield: CRISIL The hot temperature if persists in March may not only reduce the wheat crop yield but also heat up the commodity prices, said CRISIL. The rabi wheat crop yield will be impacted if the temperature is high in March. The crop yield will be on a par - or marginally lesser - than last year's low, said CRISIL in a report. According to the report, in Uttar Pradesh, accounting for about 30 per cent of India's wheat production, the eastern part is expected to have relatively good yields ...
Hot temperature to heat up prices, reduce wheat yield: CRISIL
Hot temperature to heat up prices, reduce wheat yield: CRISIL
Source: IANS
22/02/2023 5:03:35 PM
UTI Mutual Fund introduces Fixed Term Income Fund Series XXXVI - I UTI Mutual Fund (MF) has launched UTI Fixed Term Income Fund Series XXXVI - I (1574 Days), a Close-ended Debt Scheme, Relatively high interest rate risk and relatively Low credit risk. The NFO opens for subscription on February 21, 2023 and closes on February 27, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5000 and in multiple of Rs 10 under all the plans / options. The performance of the Scheme will be benchmarked with CRISIL Medium to L...
UTI Mutual Fund introduces Fixed Term Income Fund Series XXXVI - I
UTI Mutual Fund introduces Fixed Term Income Fund Series XXXVI - I
Source: Accord Fintech
21/02/2023 11:57:31 AM
Prices of cereals to be about 15% higher : CRISIL  The prices of cereals are expected to be 14-15 per cent higher next fiscal as compared with the past five year average, said CRISIL in a report. The reason? Vagaries of climate change, strong global demand, and rise in domestic demand. Even in the current fiscal, cereal prices have risen significantly on-year in the first ten months. While prices of wheat and paddy rose 8-11 per cent, those of maize, jowar and bajra jumped 27-31 per cent, the report notes. CRISIL expects wheat ...
Prices of cereals to be about 15% higher : CRISIL
Prices of cereals to be about 15% higher : CRISIL
Source: IANS
20/02/2023 4:55:29 PM
SBI MF introduces FMP - Series 78 (1170 Days) SBI Mutual Fund (MF) has launched SBI Fixed Maturity Plan (FMP) - Series 78 (1170 Days), a close ended debt scheme. A Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on February 15, 2023 and closes on February 20, 2023. The Entry load and the Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter. The performance of the scheme will be benchmarked against CRISIL Medium Term...
SBI MF introduces FMP - Series 78 (1170 Days)
SBI MF introduces FMP - Series 78 (1170 Days)
Source: Accord Fintech
15/02/2023 12:01:37 PM
Axis MF introduces Crisil IBX 50:50 Gilt Plus SDL September 2027 Index Fund Axis Mutual Fund (MF) has launched Axis Crisil IBX 50:50 Gilt Plus SDL September 2027 Index Fund, an open-ended Target Maturity Index Fund investing in constituents of CRISIL IBX 50:50 Gilt Plus SDL Index - September 2027. Relatively High Interest Rate Risk and Relatively Low Credit risk. The NFO opens for subscription on February 08, 2023 and closes on February 21, 2023. The Entry load and the Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of 1 ...
Axis MF introduces Crisil IBX 50:50 Gilt Plus SDL September 2027 Index Fund
Axis MF introduces Crisil IBX 50:50 Gilt Plus SDL September 2027 Index Fund
Source: Accord Fintech
8/02/2023 11:13:19 AM
Post Budget Reaction : The budget announcements provide impetus to the financial sector Says Krishnan Sitaraman, CRISIL Ratings Below is Post Budget Reaction By Krishnan Sitaraman, Senior Director & Deputy Chief Ratings Officer, CRISIL Ratings “The budget announcements provide impetus to the financial sector from both near-term and long-term perspectives. Near term, on credit growth, we see measures which are expected to provide a troika of tailwinds for banks and NBFCs alike — first, growth in capex outlay by 33% to Rs10 lakh crore should be supportive for corporate credit growth; second, r...
Post Budget Reaction : The budget announcements provide impetus to the financial sector Says Krishnan Sitaraman, CRISIL Ratings
Post Budget Reaction : The budget announcements provide impetus to the financial sector Says Krishnan Sitaraman, CRISIL Ratings
Source: PR Agency
2/02/2023 12:37:36 PM
Housing Development Finance Corporation to issue 10-year bonds  India's Housing Development Finance Corp plans to raise at least 30 billion rupees ($370.5 million) through the sale of bonds maturing in 10 years, three merchant bankers said on Monday. The housing finance company has invited coupon and commitment bids from bankers and investors on Tuesday, they added. The issue will also have a greenshoe option to retain an additional 20 billion rupees and will close for subscription later this week. The bonds are rated AAA by CRISIL and ...
Housing Development Finance Corporation to issue 10-year bonds
Housing Development Finance Corporation to issue 10-year bonds
Source: Reuters
23/01/2023 9:25:42 AM
Securitisation growth 42% in nine months this fiscal Securitisation volume in India jumped 42 per cent on-year and past the Rs 1.15 lakh crore mark in the first nine months of this fiscal, said credit rating agency CRISIL Ratings Ltd. According to CRISIL Ratings, the market activity in the quarter ended December 2022 continued the momentum witnessed in April to September period. Activity was broad-based, with wider participation, as the number of originators crossed 120 compared with about 100 in the preceding fiscal. Among new origina...
Securitisation growth 42% in nine months this fiscal
Securitisation growth 42% in nine months this fiscal
Source: Reuters
17/01/2023 9:53:57 AM
DSP MF introduces CRISIL SDL Plus G-Sec April 2033 50:50 Index Fund DSP Mutual Fund (MF) has launched DSP CRISIL SDL Plus G-Sec Apr 2033 50:50 Index Fund, an open-ended target maturity index fund investing in the constituents of CRISIL SDL Plus G-Sec Apr 2033 50:50 Index with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on January 10, 2023 and closes on January 19, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 500 and any amount thereafter. The performanc...
DSP MF introduces CRISIL SDL Plus G-Sec April 2033 50:50 Index Fund
DSP MF introduces CRISIL SDL Plus G-Sec April 2033 50:50 Index Fund
Source: Accord Fintech
10/01/2023 2:24:59 PM
ICRA and CRISIL enhances Commercial Paper limits of Godrej Properties Limited to INR 1750 crore Mumbai: Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one of India’s leading real estate developers, today announced the enhancement in the Commercial Paper(CP) limits to INR 1750 crore from INR 1500 crore by ICRA and CRISIL Highlights: Credit Rating for Commercial Paper(CP) limits enhanced to INR 1,750 crore from INR 1,500 crore by ICRA and CRISIL. Ratingshave been reaffirmed/assigned at [ICRA]A1+ and CRISIL A1+ respectively. Instruments with these rating are consider...
ICRA and CRISIL enhances Commercial Paper limits of Godrej Properties Limited to INR 1750 crore
ICRA and CRISIL enhances Commercial Paper limits of Godrej Properties Limited to INR 1750 crore
Source: PR Agency
4/01/2023 2:57:20 PM
IIFL Finance to raise funds via public issue India's IIFL Finance plans to raise at least 1 billion rupees ($12.10 million) through public issue of non-convertible debentures, according to a product note. The issue, which also has a greenshoe option to retain an oversubscription of 9 billion rupees, will open for subscription on Friday and close on Jan. 18. The company is offering bonds maturing in two years, three years and five years at an annual coupon in the range of 8.50% to 9% for investors. Equirus Capital, Edelweiss...
IIFL Finance to raise funds via public issue
IIFL Finance to raise funds via public issue
Source: Reuters
2/01/2023 2:57:17 PM
Edelweiss Financial Services to raise funds via public issue Edelweiss Financial Services plans to raise at least 2 billion rupees ($24.19 million) through the public issue of non-convertible debentures, according to a term sheet. The company's public issue will open for subscription on Tuesday and will close on Jan. 23. The issue also has a greenshoe option to retain an additional 2 billion rupees. The company is offering bonds maturing in two years, three years, five years and 10 years at an annual coupon in the 9.00%-10.45% range for inves...
Edelweiss Financial Services to raise funds via public issue
Edelweiss Financial Services to raise funds via public issue
Source: Reuters
2/01/2023 2:53:17 PM
Canara Bank to issue 3-month CD - traders India's Canara Bank plans to raise funds through the sale of certificates of deposit maturing in three months, three merchant bankers said on Monday. The state-run lender will offer a yield of 6.92% on the issue, for which it has received commitments worth 10 billion rupees ($121.03 million) so far, the bankers said. The notes are rated A1+ by CRISIL. ($1 = 82.6250 Indian rupees)
Canara Bank to issue 3-month CD - traders
Canara Bank to issue 3-month CD - traders
Source: Reuters
2/01/2023 2:47:06 PM
Aditya Birla SL MF introduces FTP- Series UC Aditya Birla Sun Life Mutual Fund (MF) has launched Aditya Birla Sun Life Fixed Term Plan (FTP) - Series UC (95 days), a close ended debt scheme with relatively low interest rate risk and moderate credit risk) The NFO opens and closes for subscription on December 08, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Rs 10 thereafter during the New Fund Offer period. The performance of the scheme will be benchmarked to ...
Aditya Birla SL MF introduces FTP- Series UC
Aditya Birla SL MF introduces FTP- Series UC
Source: Accord Fintech
8/12/2022 2:53:47 PM
Aditya Birla SL MF introduces FTP- Series UB (1224 days) Aditya Birla Sun Life Mutual Fund (MF) has launched Aditya Birla Sun Life Fixed Term Plan- Series UB (1224 days), a close ended debt scheme with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on December 07, 2022 and closes on December 08, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Rs 10 thereafter during the NFO period. The performance of the scheme will be ben...
Aditya Birla SL MF introduces FTP- Series UB (1224 days)
Aditya Birla SL MF introduces FTP- Series UB (1224 days)
Source: Accord Fintech
7/12/2022 12:44:14 PM
Quant Mutual Fund introduces Overnight Fund Quant Mutual Fund (MF) has launched Quant Overnight Fund, an open-ended Overnight Scheme investing in overnight securities. The NFO opens and closes for subscription on December 05, 2022. The Entry load and the Exit load nil for the scheme. The minimum subscription amount is 5,000 and in multiples of Rs 1 thereafter. The performance of the Scheme will be benchmarked with CRISIL Overnight Index and its fund manager is Sanjeev Sharma. The investment objective of the scheme is to generate ...
Quant Mutual Fund introduces Overnight Fund
Quant Mutual Fund introduces Overnight Fund
Source: Accord Fintech
5/12/2022 11:54:19 AM
ICICI Prudential MF introduces FMP- Series 88 -1226 - D- Plan F ICICI Prudential Mutual Fund (MF) has launched ICICI Prudential Fixed Maturity Plan – Series 88 - 1226 Days Plan F, a close - ended debt scheme with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on November 28, 2022 and closes on December 07, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 & in multiples of Rs 10 thereafter. The performance of the Scheme will be benchmarked w...
ICICI Prudential MF introduces FMP- Series 88 -1226 - D- Plan F
ICICI Prudential MF introduces FMP- Series 88 -1226 - D- Plan F
Source: Accord Fintech
28/11/2022 4:48:28 PM
Indebtedness of states to remain elevated at 30-31% of GSDP in FY23: CRISIL CRISIL in its latest report has said that the aggregate indebtedness of states - measured by debt to gross state domestic product (GSDP) - is expected to remain elevated at 30-31% this fiscal (FY23), almost similar to 31.5% seen in fiscal 2022. It stated sticky revenue expenditure and the need for higher capital outlays, along with modest revenue growth, will keep borrowings up this fiscal. That said, the Centre’s announcement last budget to provide special assistance of Rs 1 lakh cr...
Indebtedness of states to remain elevated at 30-31% of GSDP in FY23: CRISIL
Indebtedness of states to remain elevated at 30-31% of GSDP in FY23: CRISIL
Source: Accord Fintech
11/11/2022 11:14:31 AM
Mahindra Manulife Mutual Fund files offers document for Gilt Fund Mahindra Manulife Mutual Fund has filed offer document with SEBI to launch an open-ended debt scheme named ‘Mahindra Manulife Gilt Fund’. The New Fund Offer price will be Rs 10. Entry load and Exit Load will be nil. This Scheme provides growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.   The performance of the scheme will be benchmarked by CRISIL Dynamic Gilt Index (First Tier benchmark). The minimum application amou...
Mahindra Manulife Mutual Fund files offers document for Gilt Fund
Mahindra Manulife Mutual Fund files offers document for Gilt Fund
Source: Accord Fintech
2/11/2022 12:21:04 PM
Edelweiss MF Launches Edelweiss CRISIL IBX 50:50 Gilt Plus SDL September 2028 NFO will be open for subscription between 1st to 7th November, 2022 Key Highlights:  * Edelweiss MF is a leader in the Passive Debt Category with an AUM of above Rs 60,000 crores as on September 30, 2022 and a market-share of more than 52% in this category * Earlier this year in September, Edelweiss MF has launched Edelweiss CRISIL IBX 50:50 Gilt Plus SDL April 2037 Index Fund will be India’s 1st Target Maturity Index Fund with 15 year-long maturity * The scheme will be o...
Edelweiss MF Launches Edelweiss CRISIL IBX 50:50 Gilt Plus SDL September 2028
Edelweiss MF Launches Edelweiss CRISIL IBX 50:50 Gilt Plus SDL September 2028
Source: PR Agency
2/11/2022 11:54:05 AM
Government`s fertilizer subsidy bill could increase by Rs 40,000 crore this financial year: Crisil Rating agency CRISIL Ratings has said that the government's fertilizer subsidy bill could increase by Rs 40,000 crore this financial year from the already-announced allocation of Rs 2.15 lakh crore because of the continued surge in the prices of the key raw material -- natural gas -- for manufacturing urea. The agency said any delay in increased allocation and disbursement would lead to higher working capital requirements and moderate the credit metrics of fertiliser makers. CRISI...
Government`s fertilizer subsidy bill could increase by Rs 40,000 crore this financial year: Crisil
Government`s fertilizer subsidy bill could increase by Rs 40,000 crore this financial year: Crisil
Source: Accord Fintech
28/10/2022 10:56:32 AM
Corporate profitability to decline for fourth consecutive quarter  Corporate profitability is seen declining 300 basis points (bps) due to elevated commodity prices, Crisil said in a report. On its part, corporate profitability -- or earnings before interest, taxes, depreciation and amortisation (Ebitda) margin -- contracted 300 basis points (bps) on-year in the second quarter, marking the fourth consecutive quarter of on-year decline. The margin contracted sequentially as well, albeit slightly. Ebitda margins of 70 per cent of the 47 sectors ...
Corporate profitability to decline for fourth consecutive quarter
Corporate profitability to decline for fourth consecutive quarter
Source: IANS
12/10/2022 4:41:17 PM
Corporate credit quality continues to be strong in the first half Leaner balance sheets driven by healthy cash flows and muted corporate capex The CRISIL Ratings credit ratio1 (upgrades vs downgrades) continues to be high — at 5.52 times in the first half of this fiscal (H1-FY23) — underscoring ongoing broad-based improvement in India Inc’s credit quality. The credit ratio was 5.04 times in the second half of last fiscal (H2-FY22). The credit ratio is in line with the positive credit quality outlook CRISIL Ratings had articulated earlie...
Corporate credit quality continues to be strong in the first half
Corporate credit quality continues to be strong in the first half
Source: PR Agency
3/10/2022 3:01:22 PM