CRISIL CEO
Crisil upgrades Inox Wind Ltd's rating
Wind energy solutions provider Inox Wind Ltd on Tuesday said Crisil has upgraded the company's long-term and short-term ratings on its banking facilities.
Green flavour not enticing enough for bond investors
Green bonds in India face challenges due to the absence of financial institutions focusing on green financing and investors enthusiastic about environment protection. Follow-up issuances have dried up a year after the first government green bond sale.
Mizuho is in talks to buy KKR’s part stake in fintech company InCred
According to latest discussions, global investment firm KKR may sell around 10% stake in Mumbai-based tech-driven NBFC InCred but this may change depending on how the talks progress, sources told ET.
Lower face value to enable more retail investors bond with the best corporates
The Securities and Exchange Board of India (Sebi) last week decided to lower the face value of listed bonds to ₹10,000, from ₹1 lakh. The regulator had in 2022 reduced the face value of such securities to ₹1 lakh from ₹10 lakh.
RBI not likely to cut interest rates soon; how this delay can impact bond investors, what they should do
The expected reduction in interest rates has been delayed, which is different from what was anticipated earlier this year. Experts now predict a slower and less substantial decrease. This has consequences for bond market investments.
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Sebi gives approval to CRISIL subsidiary to provide ESG ratings
The Securities and Exchange Board of India (Sebi) has approved CRISIL ESG Ratings & Analytics Limited as a Category 1 provider of environmental, social, and governance (ESG) ratings. The approval comes at a time when ESG disclosures are improving and financial markets recognize the need for independent ESG ratings.
CRISIL Q1 Results: Profit declines 5.5% YoY to Rs 138 crore; Rs 7 dividend declared
CRISIL Ltd reported a 5.5% YoY decline in consolidated net profit to Rs 138 crore for the March quarter, with revenue rising 3% YoY to Rs 738 crore. The Board approved an interim dividend of Rs 7 per share. Margins dropped to 26%, and EPS fell by 5% to Rs 18.84.
Indian economy is resilient... changes in bilateral trade are a huge opportunity, says Crisil CEO
"The fiscal discipline of the government means that its expenditure would be a little controlled. We are hoping for a normal monsoon, so the agriculture sector will be okay. At 6.8%, India would still be the fastest-growing major economy," says Crisil CEO Amish Mehta
Indian economy to grow 6.8% in FY25, inflation to ease to 4.5%: Crisil
Crisil predicts India's economy will grow at 6.8% in the next fiscal year, maintaining its position as the fastest-growing large economy. Factors include a rise in private sector capex, but higher interest rates and reduced fiscal impulses may moderate growth from the estimated 7.6%. The report notes ongoing effects of rate hikes by the Reserve Bank of India and potential challenges from geopolitics, global recovery disparities, climate change, and technology disruptions.
India's GDP expected to grow at 6.8% in FY25, to attain upper middle-income status by 2031
Crisil Ratings projects India's GDP growth at 6.8% in the next fiscal, foreseeing the economy doubling to $7 trillion by 2031, making India the third-largest global economy. The report anticipates sustained growth, supported by domestic reforms, propelling per capita income to the upper-middle income category. Crisil highlights manufacturing's pivotal role, driven by capacity utilization, global supply-chain diversification, infrastructure investments, and lender strength
Axis Mutual Fund eyes Rs 100 crore from new debt fund
The scheme will be managed by Hardik Shah and does not have any exit load. The passive fund has a relatively high interest rate risk and relatively low credit risk.
ARCs need to change business model as bad loan dynamics change: Experts
Rating agency Crisil which had organised the webinar said it expects assets under management (AUM) growth in the sector to moderate to 5% to 6% in fiscal ending March 2025 from 17% in March 2023, which was largely because unlike last fiscal there is no large transfer from a bank (Yes Bank) to an ARC (JC Flowers).
Neeta Mukerji resigns as CEO of ACRE, country's largest bad bank
Mukerji joined as CEO of ACRE, an asset reconstruction company backed by global fund Ares SSG Capital, in November 2020. She was appointed for a term of five years.
ETMarkets Management Talk | Muthoot Microfin CEO outlines expansion strategy beyond southern states as IPO opens
"Our strategies include expanding our geographical footprint and taking our sourcing platform across India. As of September 2023, we have a branch network of 1340 branches spread across 18 states and union territories. With these branch networks we extend our loan offerings to 339 districts. In FY23 we had added 267 branches and in the first six months of FY24 we have already added 168 branches. "
Delsey Paris looking to make India its manufacturing hub, says CEO Traxler
A recent Crisil report said India's luggage industry revenue is set to rise 5% on-year this fiscal despite a high-base effect of 40% growth last fiscal due to rising penetration of hard luggage made by the organised sector, and continuing growth in tourism and corporate travel. "There was a lot of concentration in mainland China, but we have moved about 50% of production and distributed it to other countries in Southeast Asia and India is part of this rebalancing of our production," said Traxler.
Gold Prices: How war, rates and rains will impact India’s season of love for gold
As India enters the festive and wedding season, gold prices surge on the back of international geopolitical tensions, such as the Israel-Hamas conflict. Rising from $1,820 to $1,850 in just a day, gold prices continue their upward trajectory. However, this hasn't deterred Indians from their time-honored tradition of investing in the precious metal, driven by its cultural and emotional significance. While global turmoil has boosted gold's appeal, especially during uncertain times, the demand for gold during festivities, weddings remains resolute.
Two-wheeler sales may increase twofold in nine years
According to a report by Crisil, two-wheeler sales in India are expected to see significant growth between 2023 and 2028, with a compound annual growth rate (CAGR) of 9% to 11%. This would result in a total of 25.9 million to 26.1 million units sold during this period. The report also predicts that sales will almost double by FY32, reaching 30.7-30.9 million units. The growth is attributed to factors such as improving income levels, customer sentiments, and the increasing need for personal mobility.
India to spend nearly Rs 143 lakh crore on infrastructure between FY24 and FY30: Crisil
Crisil Ltd managing director and CEO Amish Mehta said the agency expects India's gross domestic product to grow at an average 6.7 per cent through fiscal 2031 to be the fastest-expanding large economy.
RBI delivers a Kapil Dev policy: Economists decode what's beyond the steadfast stance
The Reserve Bank of India (RBI) has decided to maintain the repo rate at 6.5% for the fourth consecutive time. The Monetary Policy Committee (MPC) remains focused on aligning inflation to the 4% target. The RBI may consider open market sales of bonds to manage liquidity conditions. Despite inflation and resilient economic conditions, the MPC has kept its inflation and GDP forecasts unchanged.
Higher ad spends, falling newsprint cost to improve print revenues, profitability in FY24: Crisil
The profitability of the print media sector will increase by 1,000 basis points (bps) to 14.5% this fiscal year as a result of rising topline and falling newsprint prices. The growth predictions are based on an analysis of Crisil-rated print media companies, which generate more than 40% of the industry's revenue.
Crisil upgrades credit rating outlook of Fortis Healthcare
Crisil has upgraded the credit rating outlook of Fortis Healthcare basis sustained improvement in the business risk profile of the company. It has upgraded the credit rating on long-term bank facilities for Fortis Healthcare Limited (FHL) to 'AA / Stable outlook' from the earlier 'AA- / Positive outlook', the company said in a release.
India Inc sheds traditional career pathways in a bid for efficiency and long-term prospects
Companies looking to hold on to talents and develop them have begun getting rid of traditional pathways in which employees can now opt for a multitude of ways to reach their target, in terms of position, rather than a one-way street up top. Some are opting for upskilling, while others are changing ways within their company to help professionals sort out their way to their desired positions.
Crisil declares 700% interim dividend for CY23
For the March quarter, Crisil's consolidated income from operations rose 20% to Rs 715 crore, compared with Rs 595 crore in the corresponding quarter of the previous year.
Stocks in news: ZEE, Angel One, Poonawala Fincorp, SBI, Muthoot Finance
For the March quarter, Angel One has reported 17% sequential growth in net profit at Rs 267 crore, while EBITDA during the same period rose 20% quarter-on-quarter to Rs 370 crore.
Why specialty chemicals and sustainable solutions will be the way forward for Indian exporters
While India is the sixth-largest producer of chemicals globally, it ranks 14th in chemical exports, excluding pharmaceuticals, contributing only 2.5% to global chemical sales.
Global macro, BFSI risks to weigh on IT revenues
Credit rating firm CRISIL said in a report it expects revenue growth to decline by 700-900 basis points (bps) to 10-12% in fiscal 2024 compared to 18-20% estimated growth in fiscal 2023.
Edelweiss Mutual Fund launches short duration index fund
Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund will replicate CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index by investing in a diversified portfolio of Indian Government Bonds and SDLs, subject to tracking errors.
Nokia phone maker HMD to focus on affordable 5G market in India: Florian Seiche, CEO
“We are keen to look forward to engaging with key partners on 5G for India. It is clear that it will be the affordable part of the 5G market that we are going to focus on. We are definitely focused on bringing 5G much broadly through our overall smartphone portfolio,” Florian Seiche, CEO, HMD Global told ET.
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