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Mortgage finance AUM in India projected to grow 16-17 pc in FY25 and FY26 The assets under management (AUM) of mortgage finance loans in the country is expected to grow at a healthy 16-17 per cent this fiscal and the next (FY25 and FY26), a report said on Monday.   Trends in the sub-segments like home loans, loans against property (LAP), and wholesale loans will vary. Over the current and next fiscals, home loans should grow at a reasonable pace of 13-14 per cent, according to the Crisil Ratings report. Home loan growth is supported by structural factors...
Mortgage finance AUM in India projected to grow 16-17 pc in FY25 and FY26
Mortgage finance AUM in India projected to grow 16-17 pc in FY25 and FY26
Source: IANS
2024-12-16 05:29:30 pm
Indian agrochemicals sector to see 7-9 pc growth next fiscal  The agrochemicals sector in India is poised to grow at 7-9 per cent in the next fiscal, after a modest 5-6 per cent growth in the current fiscal, a report showed on Friday.  The growth will on the back of stable domestic demand and recovery in export volumes, according to the CRISIL Ratings report. Operating margins are also seen to be recovering slowly, rising 100 basis points to 12-13 per cent — still below the pre-pandemic levels of 15-16 per cent. This will keep ...
Indian agrochemicals sector to see 7-9 pc growth next fiscal
Indian agrochemicals sector to see 7-9 pc growth next fiscal
Source: IANS
2024-12-13 01:50:50 pm
India`s industrial growth to accelerate, inflation to ease in 2nd half of 2024-25 India’s industrial activity is expected to accelerate in the second half of the current financial year on the back of recovering consumption demand and higher export growth while inflation is likely to ease, according to a CRISIL report released on Friday. “So far, high food inflation, elevated interest rates and slowing credit growth have impacted consumption recovery. However, with food inflation showing signs of easing, the space for discretionary consumption is expected to ...
India`s industrial growth to accelerate, inflation to ease in 2nd half of 2024-25
India`s industrial growth to accelerate, inflation to ease in 2nd half of 2024-25
Source: IANS
2024-12-13 01:37:09 pm
Higher industrial activity spurs power demand in November After three consecutive months of muted growth, India's power demand is estimated to have increased 4.3 per cent on-year to 125 billion units (BUs) in November with the recovery riding on a pick-up in industrial activity and warmer temperatures, a report said on Monday.  The CRISIL report also states that power generation is estimated to have increased around 5.4 per cent year-on-year to 136 BUs this November, more than meeting the monthly demand.  In a trend reversal, coa...
Higher industrial activity spurs power demand in November
Higher industrial activity spurs power demand in November
Source: IANS
2024-12-09 04:22:51 pm
First RBI rate cut likely in Feb with easing domestic inflation: Crisil report The conditions are projected to turn favourable for rate cuts by the Reserve Bank of India (RBI) in India with the first one in February, and easing domestic inflation will be the main driver of rate cuts, according to a new report.  Inflation is expected to ease towards the end of this fiscal, given healthy agricultural output. When the rabi, or winter, crop reaches the market, vegetable prices tend to correct sharply. “Easing food inflation, coupled with benign non-food inf...
First RBI rate cut likely in Feb with easing domestic inflation: Crisil report
First RBI rate cut likely in Feb with easing domestic inflation: Crisil report
Source: IANS
2024-12-07 06:06:45 pm
Axis MF introduces CRISIL-IBX AAA Bond NBFC-HFC - Jun 2027 Index Fund Axis Mutual Fund has launched Axis CRISIL-IBX AAA Bond NBFC-HFC - Jun 2027 Index Fund, an open-ended Target Maturity Index Fund investing in constituents of CRISIL-IBX AAA NBFC-HFC Index - Jun 2027 with moderate interest rate risk and relatively low credit risk. The NFO opens for subscription on December 06, 2024 and closes on December 10, 2024. The Entry Load is not applicable and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereo...
Axis MF introduces CRISIL-IBX AAA Bond NBFC-HFC - Jun 2027 Index Fund
Axis MF introduces CRISIL-IBX AAA Bond NBFC-HFC - Jun 2027 Index Fund
Source: Accord Fintech
2024-12-06 12:43:20 pm
NHAI to issue green bonds worth Rs 1,000 crore The National Highways Authority of India (NHAI) will issue green bonds worth Rs 1,000 crore to raise funds for the implementation of environment-friendly measures such as solar lighting, rainwater harvesting, and wildlife underpasses on the Delhi-Mumbai Expressway project, according to an official statement issued on Thursday.   The bonds are to be issued by NHAI’s fully owned Special Purpose Vehicle (SPV) ‘DME Development Ltd’ (DMEDL) under the closed bidding system...
NHAI to issue green bonds worth Rs 1,000 crore
NHAI to issue green bonds worth Rs 1,000 crore
Source: IANS
2024-12-06 09:55:43 am
Home-cooked veg thali gets cheaper in Nov, non-veg thali remains stable The cost of veg thali cooked at home declined 2 per cent in November (on-month), while that of non-veg thali remained flat, as tomato prices declined 17 per cent on-month, according to a report on Thursday.   Tomato prices declined with fresh supplies from Madhya Pradesh, Maharashtra, and Gujarat in October, but lower arrivals in November capped further decline, according to the monthly report by CRISIL Market Intelligence and Analytics. The rise in prices of vegetable oil, onion a...
Home-cooked veg thali gets cheaper in Nov, non-veg thali remains stable
Home-cooked veg thali gets cheaper in Nov, non-veg thali remains stable
Source: IANS
2024-12-05 04:27:13 pm
RBI`s regulatory initiatives, asset quality trends to push NBFCs slow down asset growth in FY25, FY26: Crisil Domestic rating agency Crisil in its latest report has said that Reserve Bank of India’s (RBI) regulatory initiatives and asset quality trends will push non-banking financial companies (NBFCs) to slow down their growth in asset under management (AUM) to 15-17 per cent in the current fiscal and next. The sector had achieved a handsome growth of 23 per cent in the AUM in FY24, and even with the slower growth, the AUM expansion will be higher than the 14 per cent of the last decade. Acc...
RBI`s regulatory initiatives, asset quality trends to push NBFCs slow down asset growth in FY25, FY26: Crisil
RBI`s regulatory initiatives, asset quality trends to push NBFCs slow down asset growth in FY25, FY26: Crisil
Source: Accord Fintech
2024-12-03 11:43:24 am
India`s GDP growth likely to slow to 6.8% in FY25: Crisil Crisil in its latest report has said that India’s gross domestic product (GDP) growth is likely to slow to 6.8 per cent this financial year 2024-25 (FY25), with the country logging disappointing growth in the July-September quarter. Last year, India grew at 8.2 per cent. As per the rating agency, the growth is weighed down by high interest rates and low fiscal impulse. It added ‘Risks are tilted toward the downside given the lacklustre second quarter growth number’. However,...
India`s GDP growth likely to slow to 6.8% in FY25: Crisil
India`s GDP growth likely to slow to 6.8% in FY25: Crisil
Source: Accord Fintech
2024-12-02 04:08:07 pm
Indian NBFCs to see asset growth at 15-17 pc over 2 fiscals, still above decadal average The assets under management (AUM) growth of non-banking financial companies (NBFCs) in the country is set to moderate to 15-17 per cent in the current and next fiscals (FY25 and FY26), according to a report on Monday.  The expected growth will still be above the decadal average of 14 per cent (fiscal 2014-2024), according to a report by CRISIL Ratings. The AUM growth of NBFCs in the two largest traditional segments — home and vehicle loans (45 per cent of NBFC AUM) — wi...
Indian NBFCs to see asset growth at 15-17 pc over 2 fiscals, still above decadal average
Indian NBFCs to see asset growth at 15-17 pc over 2 fiscals, still above decadal average
Source: IANS
2024-12-02 11:40:33 am
ARCs to see cumulative recovery rate for stressed road projects rise 700-1,000 bps in FY25: CRISIL The CRISIL Ratings in its latest report has said that asset reconstruction companies (ARCs) will see their cumulative recovery rate for stressed road projects rise 700-1,000 basis points (bps) this fiscal (FY25) after doubling to 50-55% last fiscal. This will be driven by faster completion or descoping of pending construction resulting in start of annuities by the National Highways Authority of India (NHAI), thereby enabling quicker resolutions or restructuring of debt. Further, a healthy inc...
ARCs to see cumulative recovery rate for stressed road projects rise 700-1,000 bps in FY25: CRISIL
ARCs to see cumulative recovery rate for stressed road projects rise 700-1,000 bps in FY25: CRISIL
Source: Accord Fintech
2024-11-26 12:22:51 pm
Mall operators in India to clock 12 pc revenue growth in 2024-25: Crisil Mall operators are projected to clock a healthy revenue growth of 10-12 per cent during the current financial year (FY25), building on last fiscal year’s 15 per cent spurt, according to a Crisil report released on Tuesday.  The growth will ride on contractual rental escalations, improvement in overall occupancy due to ramp-up of the malls launched in the last two fiscals, the full-year impact of malls launched during last fiscal, and an increase in share of tenant revenues suppo...
Mall operators in India to clock 12 pc revenue growth in 2024-25: Crisil
Mall operators in India to clock 12 pc revenue growth in 2024-25: Crisil
Source: IANS
2024-11-19 02:13:53 pm
Electronics, engineering, agricultural goods propel India`s export growth: CRISIL India's core group exports surged 27.7 per cent in October with growth being particularly strong in categories such as engineering goods, electronic goods, chemicals, textiles, marine products and rice, according to a CRISIL report released on Monday.   Growth improved for key core sectors such as engineering goods (39.4 per cent vs 10.6 per cent), drugs and pharmaceuticals (8.2 per cent vs 7.2 per cent), organic and inorganic chemicals (27.4 per cent vs 11.2 per cent) and electro...
Electronics, engineering, agricultural goods propel India`s export growth: CRISIL
Electronics, engineering, agricultural goods propel India`s export growth: CRISIL
Source: IANS
2024-11-18 03:33:19 pm
India`s financial conditions in comfort zone despite FPI outflows: Crisil Domestic financial conditions in India are in the comfort zone despite foreign portfolio investor (FPI) outflows, according to a Crisil report on Friday.  After record-high FPI inflows in September, October logged the highest post-pandemic outflows. “Yet, this did not significantly drag India’s financial conditions,” showed Crisil’s Financial Conditions Index (FCI). The FCI -- which is a combination of parameters from India’s major market segments a...
India`s financial conditions in comfort zone despite FPI outflows: Crisil
India`s financial conditions in comfort zone despite FPI outflows: Crisil
Source: IANS
2024-11-09 09:09:55 am
Cost of home-cooked veg thali increases 20 pc in October Vegetable prices shore up costs of veg and non-veg thalis in the month of October, as the cost of a home-cooked veg thali surged 20 per cent (year-on-year) while the cost of a non-veg thali increased 5 per cent, according to a report on Wednesday.  The increase can be attributed largely to higher prices of vegetables, which account for as much as 40 per cent of a vegetarian thali cost, according to the report by CRISIL Market Intelligence and Analytics. “Tomato, potato and on...
Cost of home-cooked veg thali increases 20 pc in October
Cost of home-cooked veg thali increases 20 pc in October
Source: IANS
2024-11-06 04:27:05 pm
India`s home textiles industry to see 6-8 pc growth this fiscal India’s home textile industry is set to witness 6-8 per cent growth this fiscal, riding on resilient demand from the US and expansion in the domestic market, according to a report on Tuesday.  Following a 9-10 per cent rebound in revenue growth last fiscal, the credit profiles of home textile companies will remain stable, supported by healthy cash accrual and moderate capital expenditure (capex) plans on the back of deleveraged balance sheets, according to the report by Crisil R...
India`s home textiles industry to see 6-8 pc growth this fiscal
India`s home textiles industry to see 6-8 pc growth this fiscal
Source: IANS
2024-11-05 02:11:13 pm
Capital outlay of top 18 Indian states to grow 7-9 pc this fiscal The total capital outlay of top 18 states is projected to grow 7-9 per cent (year-on-year) to Rs 7.2 lakh crore this fiscal, building on a high base from last fiscal when it grew 27 per cent to Rs 6.7 lakh crore, a report showed on Tuesday.  The Centre raised the allocation for interest-free capex loans to all states to Rs 1.5 lakh crore this fiscal from Rs 1.3 lakh crore last fiscal. Last fiscal, 80 per cent of the allocated amount was transferred to state governments and we expec...
Capital outlay of top 18 Indian states to grow 7-9 pc this fiscal
Capital outlay of top 18 Indian states to grow 7-9 pc this fiscal
Source: IANS
2024-10-29 01:41:24 pm
RBI`s notification urging lenders to revise gold loan practices can slow down loan growth in near-term: Crisil Domestic rating agency Crisil has said that the Reserve Bank of India’s (RBI) recent notification asking financiers to review their gold loan practices can slow down loan growth in the near-term and lead to an uptick in asset quality stress. It said potentially, this could impact gold loan disbursements during the transition phase and curb growth in the business. It can be noted that a few weeks ago, RBI had flagged certain irregular practices in loan against gold jewellery and asked le...
RBI`s notification urging lenders to revise gold loan practices can slow down loan growth in near-term: Crisil
RBI`s notification urging lenders to revise gold loan practices can slow down loan growth in near-term: Crisil
Source: Accord Fintech
2024-10-23 12:38:29 pm
CRISIL jumps as its Q3 consolidated net profit rises by 13% CRISIL is currently trading at Rs. 4913.30, up by 123.45 points or 2.58% from its previous closing of Rs. 4789.85 on the BSE. The scrip opened at Rs. 4993.00 and has touched a high and low of Rs. 5184.50 and Rs. 4871.00 respectively. So far 35016 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 5264.80 on 26-Mar-2024 and a 52 week low of Rs. 3665.10 on 25-Jan-2024. Last one week high and low of the scrip stood at...
CRISIL jumps as its Q3 consolidated net profit rises by 13%
CRISIL jumps as its Q3 consolidated net profit rises by 13%
Source: Accord Fintech
2024-10-17 02:44:09 pm
Profitability of small finance banks to moderate about 1.7% in FY25: Crisil Crisil in its latest report has said that the profitability of small finance banks (SFB), measured in terms of return of assets (RoA), will moderate around 40 basis points to about 1.7 per cent this fiscal (FY25) from 2.1 per cent in last financial year due to lower net interest margins (NIM) and higher credit costs. That said, RoA for small finance banks (SFBs) will still be higher than that for the overall banking system by 50-60 bps on account of the relatively higher yielding nature of th...
Profitability of small finance banks to moderate about 1.7% in FY25: Crisil
Profitability of small finance banks to moderate about 1.7% in FY25: Crisil
Source: Accord Fintech
2024-10-14 12:36:51 pm
Income of educational institutes to grow 12-14pc this fiscal Riding on higher enrolments, which allows for upward fee revisions, and students scouting for new course offerings, schools and colleges are expected to report 12-14 per cent revenue growth this fiscal, according to a report on Tuesday.  The growth will be despite the high base following three consecutive years of high-teenage growth. Improved enrolments and better utilisation of assets should cover increasing salary costs for faculty and other ancillary expenses for new courses an...
Income of educational institutes to grow 12-14pc this fiscal
Income of educational institutes to grow 12-14pc this fiscal
Source: IANS
2024-10-08 01:50:31 pm
Operating losses of state discoms to remain sizeable this fiscal despite 15-20% dip on-year: Crisil Crisil Ratings in its latest report has said that operating losses, denoted by the gap between average cost of supply (ACS) and average revenue realised (ARR) per unit of power, of 30 state power distribution companies (discoms) will remain sizeable at 40-45 paise per unit this fiscal despite a 15-20% reduction on-year.  It said elevated cost of supply and subdued tariff hikes have kept operating losses elevated and led to an increase in borrowings to fund the losses. That, in turn, will...
Operating losses of state discoms to remain sizeable this fiscal despite 15-20% dip on-year: Crisil
Operating losses of state discoms to remain sizeable this fiscal despite 15-20% dip on-year: Crisil
Source: Accord Fintech
2024-10-08 12:09:29 pm
Increasing contribution from digital segment to help media players print around 8% growth by FY27: Crisil Crisil Ratings in its latest report has said that increasing contribution from the digital segment will help media players print around 8% annual revenue growth to Rs 60,000 crore by fiscal 2027 (FY27). This will follow the compounded annual growth rate (CAGR) of around 5% over the past five fiscals to reach around Rs 47,000 crore in fiscal 2024. The revenue growth, along with focus on rationalising costs, will expand operating margins by around 500 basis points (bps) to around 18% by fiscal ...
Increasing contribution from digital segment to help media players print around 8% growth by FY27: Crisil
Increasing contribution from digital segment to help media players print around 8% growth by FY27: Crisil
Source: Accord Fintech
2024-10-04 12:36:40 pm
Israel-Iran conflict: India Inc braces for wider sea trade disruption As the conflict in the Middle East escalates with Israel vowing to retaliate after the missile attacks by Iran, India Inc is bracing for a wider trade disruption across the key Red Sea route.  The conflict can lead to higher cargo freight rates as Lebanon's Iran-backed Hezbollah militia has close ties with the Houthi rebels in Yemen -- responsible for most attacks on ships travelling via the Red Sea route, say industry experts, adding that a direct conflict between Israel and Iran...
Israel-Iran conflict: India Inc braces for wider sea trade disruption
Israel-Iran conflict: India Inc braces for wider sea trade disruption
Source: IANS
2024-10-02 03:20:23 pm
India`s natural diamond polishing industry poised to see decline in revenue in FY25: Crisil Crisil Ratings in its latest report has said that India’s natural diamond polishing industry is poised to see a decline in revenue to a decadal low of around $12 billion during the current financial year (FY25). It said that the decline in revenues will be mainly on account of three reasons - muted demand in key export markets of the US and China, a fall in prices due to oversupply and shifts in consumer preference towards lab-grown diamonds due to affordability and high resemblance to ...
India`s natural diamond polishing industry poised to see decline in revenue in FY25: Crisil
India`s natural diamond polishing industry poised to see decline in revenue in FY25: Crisil
Source: Accord Fintech
2024-09-26 01:59:38 pm
For ARCs, cumulative recovery rate for stressed operational thermal power plants to improve next fiscal: Crisil Crisil Ratings in its latest report has said that for asset reconstruction companies (ARCs), the cumulative recovery rate for stressed operational thermal power plants (TPPs) is expected to improve 700-900 basis points (bps) on-year to 83-85% next fiscal, driven by robust growth in power consumption on the back of adequate coal availability, timely payment by distribution companies (discoms) and expected healthy merchant power prices.   According to the report, these industry tai...
For ARCs, cumulative recovery rate for stressed operational thermal power plants to improve next fiscal: Crisil
For ARCs, cumulative recovery rate for stressed operational thermal power plants to improve next fiscal: Crisil
Source: Accord Fintech
2024-09-24 11:36:05 am
Fall in crude oil prices impacting India`s oil exports: Crisil Credit rating agency Crisil in its latest report has said that a fall in the prices of crude oil, which is one of India's top export items, is impacting oil exports, leading to a contraction in the country's overall exports in August. The report further highlighted that imports have surged faster than exports, contributing to a broader trade deficit.  According to the report, while the fiscal year commenced positively with merchandise exports growing steadily in the first quarter...
Fall in crude oil prices impacting India`s oil exports: Crisil
Fall in crude oil prices impacting India`s oil exports: Crisil
Source: Accord Fintech
2024-09-20 12:42:32 pm
Indian pharmaceuticals sector likely to log revenue growth of 8-10% in FY25: CRISIL CRISIL Ratings in its latest report has said that the Indian pharmaceuticals sector is likely to log a revenue growth of 8-10% this fiscal (FY25), after around 10% growth last year, supported by healthy exports to regulated markets, recovery in exports to semi-regulated markets and steady domestic demand. The resultant improvement in operating leverage along with easing pricing pressure in the US generics market will improve operating margins by 70-80 basis points (bps) to around 22.5% this f...
Indian pharmaceuticals sector likely to log revenue growth of 8-10% in FY25: CRISIL
Indian pharmaceuticals sector likely to log revenue growth of 8-10% in FY25: CRISIL
Source: Accord Fintech
2024-09-19 12:52:58 pm
Education loans will continue to be among fastest-growing segments for NBFCs: Crisil Crisil Ratings in its latest report has said that education loans, primarily those to fund courses overseas, will continue to be among the fastest-growing segments for non-banking financial companies (NBFCs) because of rising demand for higher education. Their assets under management (AUM) is expected to grow at a healthy clip of 40-45 per cent to cross Rs 60,000 crore this fiscal. It stated after robust growth of over 80 per cent and 70 per cent in fiscals 2023 and 2024, respectively, NBF...
Education loans will continue to be among fastest-growing segments for NBFCs: Crisil
Education loans will continue to be among fastest-growing segments for NBFCs: Crisil
Source: Accord Fintech
2024-09-09 10:40:37 am
NBFCs` education loan AUM likely to cross Rs 60,000 crore in FY25: CRISIL CRISIL Ratings in its latest report has said that education loans, primarily those to fund courses overseas, will continue to be among the fastest-growing segments for non-banking financial companies (NBFCs) because of rising demand for higher education. After robust growth of over 80% and 70% in fiscals 2023 and 2024, respectively, NBFCs’ education loan assets under management (AUM) rose to around Rs 43,000 crore as on March 31, 2024. Their AUM is expected to grow at a healthy clip of ...
NBFCs` education loan AUM likely to cross Rs 60,000 crore in FY25: CRISIL
NBFCs` education loan AUM likely to cross Rs 60,000 crore in FY25: CRISIL
Source: Accord Fintech
2024-09-04 01:53:19 pm
Revenue growth of road EPC companies expected to moderate to 5-7% next fiscal: Crisil Rating agency Crisil has said that revenue growth of road engineering, procurement and construction (EPC) companies is expected to moderate to 5-7 per cent next fiscal, as lower national highway awarding weighs on their order books. That said, the credit profiles of these companies will remain stable, supported by steady operating profitability and strong balance sheet. It said this slowdown is attributed to procedural issues linked to the approval of cost estimates of projects and restric...
Revenue growth of road EPC companies expected to moderate to 5-7% next fiscal: Crisil
Revenue growth of road EPC companies expected to moderate to 5-7% next fiscal: Crisil
Source: Accord Fintech
2024-08-28 10:21:46 am
Loan book of India`s SFBs to grow by 25-27% in FY25: Crisil Crisil Ratings in its latest report has said that small finance banks (SFBs) are expected to grow their loan book by a robust 25-27 per cent this fiscal year (FY25). However, it said the growth in loan books will be slightly lower than the previous fiscal growth of 28 per cent. It stated growth will be sustained by segmental and geographic expansion supported by a robust and growing presence in semi-urban and rural markets with significant unmet demand. It said, noting the difficulty of mo...
Loan book of India`s SFBs to grow by 25-27% in FY25: Crisil
Loan book of India`s SFBs to grow by 25-27% in FY25: Crisil
Source: Accord Fintech
2024-08-27 10:18:17 am
Urea import dependency in India to reduce to 10-15% in near to medium term: Crisil Crisil Ratings in its latest report has said that India's urea industry, which contributes to a significant portion of chemical fertiliser demand, has taken strong strides towards self-sufficiency. It said the import dependency in the sector is expected to reduce to 10-15 per cent in the near to medium term from its peak of 30 per cent seen in financial year 2020-21.  The rating agency believed that this will be mainly driven by the commencement and stabilisation of new capacities...
Urea import dependency in India to reduce to 10-15% in near to medium term: Crisil
Urea import dependency in India to reduce to 10-15% in near to medium term: Crisil
Source: Accord Fintech
2024-08-26 12:47:49 pm
India’s aim to blend 20% ethanol in petrol by 2025 will need more sugarcane utilisation: CRISIL CRISIL Ratings in its latest report has said that India’s aim to blend 20 per cent ethanol in petrol by Ethanol Supply Year (ESY) 2025 or around 990 crore litre annually, will require effective utilisation of both grain and sugarcane feedstock to increase its supply. This will also help optimise sugar inventory, particularly considering the high carry-over stock expected at the end of the current season owing to the government restriction on diversion for ethanol production and exports....
India’s aim to blend 20% ethanol in petrol by 2025 will need more sugarcane utilisation: CRISIL
India’s aim to blend 20% ethanol in petrol by 2025 will need more sugarcane utilisation: CRISIL
Source: Accord Fintech
2024-08-20 12:53:19 pm
Gold-loan NBFCs grow in India despite cash disbursement restriction Non-banking financial companies (NBFCs) focusing on gold loans are expected to see reasonable growth in disbursements this fiscal as demand for credit remains strong, a report showed on Friday.  A CRISIL Ratings analysis of gold-loan NBFCs found that growth for gold-loan NBFCs has also been supported by favourable movement in gold prices. “Early evidence of growth momentum is seen in the disbursements for June, which were 12 per cent higher than the average monthly disburseme...
Gold-loan NBFCs grow in India despite cash disbursement restriction
Gold-loan NBFCs grow in India despite cash disbursement restriction
Source: IANS
2024-08-16 11:18:55 am
Indian companies looking to international markets for growth: CRISIL CRISIL in its latest report has said that as the economic landscape in India continues to shine with optimism, Indian companies are increasingly turning their gaze towards international markets, seeking new avenues for growth. This surge in global expansion is anticipated to drive an increase in revenues for both global and domestic banks providing cross-border support. It stated, in recent years, Indian corporations have significantly ramped up their international operations. Currently, a...
Indian companies looking to international markets for growth: CRISIL
Indian companies looking to international markets for growth: CRISIL
Source: Accord Fintech
2024-08-14 10:44:21 am
India's pre-engineered building industry to see 10-12 pc revenue growth in FY25, next fiscal Backed by strong demand because of industrial capital expenditure (capex) and government spending on infrastructure development, pre-engineered building (PEB) manufacturers in the country are likely to see revenue growth of 10-12 per cent in FY25 as well as next fiscal, a report showed on Wednesday.   According to a Crisil Ratings report, PEB structures have emerged as the preferred choice for industrial and infrastructure buildings given the time and cost benefits they offer. Dive...
India's pre-engineered building industry to see 10-12 pc revenue growth in FY25, next fiscal
India's pre-engineered building industry to see 10-12 pc revenue growth in FY25, next fiscal
Source: IANS
2024-08-08 08:58:08 am
Improved monsoon leads to power demand moderation in India As monsoon coverage improves, power demand in India has moderated, especially in the southern regions, a report showed on Friday.  Power demand is estimated to have risen 7 per cent (year-on-year) in July to 150 billion units (BUs) owing to higher power demand in northern states, according to a Crisil report. “However, minus the 16 per cent on-year surge in power demand in the north, demand moderated in other regions,” the report mentioned. Power demand rose 4 per ce...
Improved monsoon leads to power demand moderation in India
Improved monsoon leads to power demand moderation in India
Source: IANS
2024-08-02 01:40:07 pm
Crisil declines on reporting fall in Q2 consolidated net profit CRISIL is currently trading at Rs. 4452.65, down by 63.25 points or 1.40% from its previous closing of Rs. 4515.90 on the BSE. The scrip opened at Rs. 4607.85 and has touched a high and low of Rs. 4607.85 and Rs. 4423.25 respectively. So far 5830 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 5264.80 on 26-Mar-2024 and a 52 week low of Rs. 3665.10 on 25-Jan-2024. Last one week high and low of the scrip stood at...
Crisil declines on reporting fall in Q2 consolidated net profit
Crisil declines on reporting fall in Q2 consolidated net profit
Source: Accord Fintech
2024-07-16 02:57:33 pm
Food prices set to cool off in coming months as monsoon progresses: Experts The food prices are projected to cool off in the coming months and the inflation trajectory to soften and stabilise between 4 and 4.5 per cent, industry experts have said.  India’s consumer price inflation (CPI) edged up to 5.08 per cent in June this year compared to the same period last year. According to industry experts, although June rains were deficient, it is not a major concern because July and August rains are what matter for Kharif. “We expect the progress o...
Food prices set to cool off in coming months as monsoon progresses: Experts
Food prices set to cool off in coming months as monsoon progresses: Experts
Source: IANS
2024-07-13 10:29:48 am
Securitisation volume rises 17% to Rs 45,000 crore in Q1FY25: Crisil Rating agency Crisil in its latest report has said that securitisation volume rose to Rs 45,000 crore in the first quarter of the current fiscal (Q1FY25), marking around 17% on-year, like-to-like growth (adjusted for the exit of a large HFC and regulatory measures on gold loan securitisation). Over 95 originators, including NBFCs and banks, tapped the market to diversify funding sources, compared with around 80 in previous fiscal. Banks were also more active in the market as originators, with...
Securitisation volume rises 17% to Rs 45,000 crore in Q1FY25: Crisil
Securitisation volume rises 17% to Rs 45,000 crore in Q1FY25: Crisil
Source: Accord Fintech
2024-07-09 11:16:02 am
Mergers & acquisitions in Indian FMCG sector reach $938 million in 1st half of 2024 The Indian fast-moving consumer goods (FMCG) sector has gained momentum as in the first six months of this year, the Mergers and acquisitions (M&A) activity in the sector reached $938 million in terms of value.  According to data from Venture Intelligence, this is the highest figure in the domestic FMCG sector in the last four years. In January this year, Tata Consumer Products announced to acquire up to 100 per cent stake in Organic India, a Fabindia-owned business that sells ...
Mergers & acquisitions in Indian FMCG sector reach $938 million in 1st half of 2024
Mergers & acquisitions in Indian FMCG sector reach $938 million in 1st half of 2024
Source: IANS
2024-07-05 11:49:05 am
Indian FMCG sector to see revenue jump 7-9 pc this fiscal, rural demand surges Riding on higher volume growth, revival in rural demand and steady urban growth, the fast-moving consumer goods (FMCG) sector in India is projected to see revenue grow 7-9 per cent this fiscal (FY25), said a report on Thursday.  The growth in FY25 follows an estimated 5-7 per cent growth in fiscal 2024, according to a CRISIL Ratings study of 77 FMCG companies. Product realisations are expected to grow in the low single digits with a marginal rise in prices of key raw materials for ...
Indian FMCG sector to see revenue jump 7-9 pc this fiscal, rural demand surges
Indian FMCG sector to see revenue jump 7-9 pc this fiscal, rural demand surges
Source: IANS
2024-07-04 01:42:08 pm
Top 18 states to see 8-10 per cent revenue growth to Rs 38 lakh crore this fiscal  Driven by healthy Goods and Service Tax (GST) collections and devolution from the Centre, the revenue of the top 18 states is likely to grow at a steady pace of 8-10 per cent this fiscal to Rs 38 lakh crore, a report said on Wednesday.  These states, which account for over 90 per cent of India’s gross state domestic product, grew at 7.5 per cent last fiscal, according to the CRISIL Ratings report. While revenue from the tax on liquor sales (10 per cent of total revenue)...
Top 18 states to see 8-10 per cent revenue growth to Rs 38 lakh crore this fiscal
Top 18 states to see 8-10 per cent revenue growth to Rs 38 lakh crore this fiscal
Source: IANS
2024-07-04 10:10:53 am
SEBI`s regulations for SM REITs likely to drive investor interest towards fractional ownership of real estate assets: Crisil Crisil Ratings in its latest report has said that the Securities and Exchange Board of India’s (SEBI) recent regulations for small and medium real estate investment trusts (SM REITs) are likely to drive investor interest towards fractional ownership of real estate assets. It said by enabling strong investor protection, these regulations are expected to broaden investor base. Prudent management of operational risks remains key to popularising the vehicle, though.   The repor...
SEBI`s regulations for SM REITs likely to drive investor interest towards fractional ownership of real estate assets: Crisil
SEBI`s regulations for SM REITs likely to drive investor interest towards fractional ownership of real estate assets: Crisil
Source: Accord Fintech
2024-07-03 12:03:21 pm
Narrowing trade deficit, rise in remittances aid current account surplus: CRISIL CRISIL in its latest report has said that India’s current account surplus in the fourth quarter of the 2023-24 fiscal was aided by narrowing of the merchandise trade deficit, an increase in remittances and a surplus in services trade. The country’s current account recorded a surplus of USD 5.7 billion, which is 0.6 per cent of the GDP, in the fourth quarter of the last financial year. It was in deficit of USD 8.7 billion, equivalent to one per cent of GDP, in the third quarter of ...
Narrowing trade deficit, rise in remittances aid current account surplus: CRISIL
Narrowing trade deficit, rise in remittances aid current account surplus: CRISIL
Source: Accord Fintech
2024-06-27 11:23:13 am
Revenue of private defence companies set to grow by 20% during the current financial year: CRISIL Ratings CRISIL Ratings in its latest report has said that the revenue of private defence companies is set to grow by 20 per cent during the current financial year 2024-25. It stated that the revenue of the 25 private aerospace and defence companies will surge by 20 per cent to approximately Rs 13,500 crore during the current fiscal year. The surge is propelled by higher government spending and concerted efforts by the government to encourage private participation in the defence sector. It highligh...
Revenue of private defence companies set to grow by 20% during the current financial year: CRISIL Ratings
Revenue of private defence companies set to grow by 20% during the current financial year: CRISIL Ratings
Source: Accord Fintech
2024-06-26 11:00:31 am