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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
Private defence firms in India to clock 20 pc revenue growth in FY25 Propelled by strong government impetus and the ‘Atmanirbhar Bharat’ initiative, the revenue of the top 25 private aerospace and defence companies is set to grow 20 per cent to Rs 13,500 crore this fiscal (FY25), a report showed on Tuesday.  Operating margin is likely to rise 50-60 basis points on sustained revenue growth, economies of scale and better-fixed cost absorption, and should remain stable over the medium term, aided by price escalation clauses in contracts, accor...
Private defence firms in India to clock 20 pc revenue growth in FY25
Private defence firms in India to clock 20 pc revenue growth in FY25
Source: IANS
2024-06-25 04:37:44 pm
Capital goods makers likely to see revenue rise of 9-11% in FY25: CRISIL CRISIL Ratings in its latest report has said that capital goods makers are likely to see revenue rise of 9-11% in fiscal 2025, led by continued significant outlays towards railways (including metros), defence, conventional and renewable sectors. This compares with an expected around 13% growth in fiscal 2024. It said operating margin could moderate 80-100 basis points to 12-13% in fiscal 2025 as the market scenario continues to be highly competitive and exports, which offer higher margins, re...
Capital goods makers likely to see revenue rise of 9-11% in FY25: CRISIL
Capital goods makers likely to see revenue rise of 9-11% in FY25: CRISIL
Source: Accord Fintech
2024-06-25 12:35:48 pm
India turns net importer of steel in FY24: CRISIL CRISIL in its latest report has said that in a shift from its status as a net exporter of steel since fiscal 2017, India has become a net importer in fiscal 2024 (FY24), recording an overall steel trade deficit of 1.1 million tonnes (MT). The development highlights a dynamic change in the country’s steel trade landscape, largely influenced by surging domestic demand and increased imports from major steel-producing nations. It stated India’s imports of finished steel reached 8.3...
India turns net importer of steel in FY24: CRISIL
India turns net importer of steel in FY24: CRISIL
Source: Accord Fintech
2024-06-21 10:24:12 am
Production capacity of India's paint sector will double by FY27: CRISIL Paint sector capacity is set to double to nearly 7.8 billion litre per annum (blpa) between financial year (FY) 2024 and 2027 with capital expenditure (capex) of Rs 19,000 crore by organised players including new entrant, as per the CRISIL Ratings. According to the report, due to new entrants, competition has increased between the key players for market share and marketing expenses are likely to hit the profitability of the companies. A large chunk of the capacity expansion, nearly 2.4 ...
Production capacity of India's paint sector will double by FY27: CRISIL
Production capacity of India's paint sector will double by FY27: CRISIL
Source: IANS
2024-06-12 03:26:40 pm
Aditya Birla SL AMC changes risk-o-meter of CRISIL IBX Gilt Apr 2028 Index Fund Aditya Birla Sun Life AMC has announced addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of Aditya Birla Sun Life Mutual Fund. Pursuant to SEBI Master Circular on Mutual Funds dated May 19, 2023, the Risk-o-meter of Aditya Birla Sun Life CRISIL IBX Gilt Apr 2028 Index Fund (An open-ended Target Maturity Index Fund tracking the CRISIL IBX Gilt Apr 2028 Index. A relatively high interest rate risk and relatively low credit risk.) has been revised to ‘L...
Aditya Birla SL AMC changes risk-o-meter of CRISIL IBX Gilt Apr 2028 Index Fund
Aditya Birla SL AMC changes risk-o-meter of CRISIL IBX Gilt Apr 2028 Index Fund
Source: Accord Fintech
2024-06-10 02:35:23 pm
Tata MF introduces FMP- Series 61 Scheme C - 91 days Tata Mutual Fund (MF) has launched Tata Fixed Maturity Plan (FMP) Series 61 Scheme C (91 days), a close ended debt scheme with Relatively Low interest rate risk and moderate Credit Risk. The NFO opens for subscription on June 10, 2024 and closes on June 12, 2024. 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 during NFO period. The performance of the scheme will be benchmarked against CRISIL...
Tata MF introduces FMP- Series 61 Scheme C - 91 days
Tata MF introduces FMP- Series 61 Scheme C - 91 days
Source: Accord Fintech
2024-06-10 02:31:59 pm
Franklin India Mutual Fund files offers document for Medium to Long Duration Fund Franklin India Mutual Fund has filed offer document with SEBI to launch an open-ended debt medium term debt traded fund named ‘Franklin India Medium to Long Duration Fund'. The offer rate is Rs 10 per unit. Exit load will be nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and minimum target subscription amount for the Scheme to be raised is Rs 20 crore. The performance of the scheme will be benchmarked against CRISIL Mediu...
Franklin India Mutual Fund files offers document for Medium to Long Duration Fund
Franklin India Mutual Fund files offers document for Medium to Long Duration Fund
Source: Accord Fintech
2024-06-05 02:27:33 pm
Franklin India Mutual Fund files offers document for Gilt Fund with 10 year Constant Duration Franklin India Mutual Fund has filed offer document with SEBI to launch an open-ended debt scheme traded fund named ‘Franklin India Gilt Fund with 10-year Constant Duration'. The offer rate is Rs 10 per unit. Exit load will be nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and minimum target subscription amount for the Scheme to be raised is Rs 20 crore. The performance of the scheme will be benchmarked against CRISIL 10 ...
Franklin India Mutual Fund files offers document for Gilt Fund with 10 year Constant Duration
Franklin India Mutual Fund files offers document for Gilt Fund with 10 year Constant Duration
Source: Accord Fintech
2024-06-05 02:25:36 pm
Franklin India Mutual Fund files offers document for Long Duration Fund Franklin India Mutual Fund has filed offer document with SEBI to launch an open-ended debt scheme traded fund named ‘Franklin India Long Duration Fund'. The offer rate is Rs 10 per unit. Exit load will be nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and minimum target subscription amount for the Scheme to be raised is Rs 20 crore. The performance of the scheme will be benchmarked against CRISIL Long Duration Debt A-III ...
Franklin India Mutual Fund files offers document for Long Duration Fund
Franklin India Mutual Fund files offers document for Long Duration Fund
Source: Accord Fintech
2024-06-05 02:23:40 pm
Organised gold jewellery retailers set to clock 17-19% revenue growth in FY25: Crisil Benefiting from strong sales, Crisil has said that organised gold jewellery retailers are set to clock 17-19 per cent revenue growth in the current financial year 2024-25 (FY25). It asserted that the projected revenue would be driven by higher realisations stemming from elevated gold prices, while volume remains steady. Gold, considered a safe haven asset for investment, has been in demand for considerable period of time, with its prices rallying to hit record highs every now and then. Geo...
Organised gold jewellery retailers set to clock 17-19% revenue growth in FY25: Crisil
Organised gold jewellery retailers set to clock 17-19% revenue growth in FY25: Crisil
Source: Accord Fintech
2024-05-23 10:22:00 am
Baroda BNP Paribas MF introduces Retirement Fund Baroda BNP Paribas Mutual Fund (MF) has launched Baroda BNP Paribas Retirement Fund, an open-ended retirement solution-oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier). The NFO opens for subscription on May 08, 2024 and closes on May 22, 2024. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 1,000 per application and in multiples of Rs 1 thereafter . The performance of the scheme will be benchmarke...
Baroda BNP Paribas MF introduces Retirement Fund
Baroda BNP Paribas MF introduces Retirement Fund
Source: Accord Fintech
2024-05-08 04:14:04 pm
Indian airlines likely to carry half of country's international air passenger traffic by FY28: CRISIL Credit ratings agency CRISIL in its latest report has said that as much as half of the country’s international air passenger traffic is expected to be catered by Indian airlines by financial year 2027-28. It said the share of Indian airlines in international passenger traffic, including originating or terminating as well as the traffic transitioning through the country, is seen surging 700 basis points to around 50 per cent by 2027-28, from 43 per cent in the previous fiscal. Accordi...
Indian airlines likely to carry half of country's international air passenger traffic by FY28: CRISIL
Indian airlines likely to carry half of country's international air passenger traffic by FY28: CRISIL
Source: Accord Fintech
2024-05-07 11:44:32 am