News for 'CRISIL'

Bangladesh Unrest Hits India's Medical Tourism

Bangladesh Unrest Hits India's Medical Tourism

Rediff.com12 Jun 2025

Revenues from Bangladeshi patients have declined by 30% to 35% in 2024-2025. Bangladesh typically accounts for 70% to 75% of all medical visas issued by India.

What impact will US tariffs have on economies, sectors and markets?

What impact will US tariffs have on economies, sectors and markets?

Rediff.com29 Mar 2025

The sweeping tariffs proposed across sectors by US President Donald Trump are scheduled to be imposed starting April 2, with most analysts worried about their impact on companies, and in turn the financial markets. Recently, the US administration signaled that it will impose sectoral tariffs on energy, pharmaceuticals, semiconductors, agriculture, copper, and lumber.

Jio Finance likely to delay its maiden bond issue of Rs 3,000 crore

Jio Finance likely to delay its maiden bond issue of Rs 3,000 crore

Rediff.com28 Mar 2025

Jio Finance, a wholly owned subsidiary of Jio Financial Services, is likely to delay its maiden bond issue of Rs 3,000 crore, originally scheduled for this month. The decision comes amid expectations of softening yields in April because the Reserve Bank of India's (RBI's) monetary policy committee (MPC) is widely expected to cut the policy repo rate by another 25 basis points, sources said.

Will RBI's rate cut lower loan EMIs?

Will RBI's rate cut lower loan EMIs?

Rediff.com7 Feb 2025

The repo rate cut by 25 basis points by the monetary policy committee (MPC) of RBI announced Friday will give a long-awaited relief on interest rates and also be supportive of economic growth, according to experts. Repo rate is the interest rate at which the RBI lends money to commercial banks.

'As Tunnels Increase We See More Incidents'

'As Tunnels Increase We See More Incidents'

Rediff.com7 Mar 2025

'Balancing tunnel developments with ecological realities is a major challenge and, when overlooked, can contribute to mishaps.'

The pivotal decision facing India's steelmakers

The pivotal decision facing India's steelmakers

Rediff.com2 Apr 2025

The "weaponisation" of economic activity - through tariffs and sanctions - is now a reality, with countries leveraging these tools strategically, External Affairs Minister S Jaishankar said at the Raisina Dialogue recently.

Domestic steel prices rise but looming global trade war sparks concerns

Domestic steel prices rise but looming global trade war sparks concerns

Rediff.com19 Mar 2025

Domestic steel prices have seen an increase over the past couple of months in anticipation of a safeguard duty, but a looming global trade war is likely to weigh as threat of import rises and prospect of export flounders. Data from BigMint showed that in March 2025, hot rolled coil (HRC) prices ex-Mumbai increased by Rs 600 per tonne month-on-month (M-o-M), rising from Rs 48,400 per tonne in February to Rs 49,000 per tonne.

Crisil, Icra lower India growth projections

Crisil, Icra lower India growth projections

Rediff.com21 Nov 2022

Rating agencies Crisil and Icra on Monday revised down their India growth projections for the current fiscal and the second quarter mainly due to the ripple effect of slowdown in global growth and mixed crop output. Crisil downgraded the India growth forecast by 30 bps to 7 per cent while Icra pegged the economic expansion at 6.5 per cent for the second quarter of FY2022-23. "We have revised down our forecast for real gross domestic product growth to 7 per cent for fiscal 2023 from 7.3 per cent, primarily because of the slowdown in global growth that has started to impact our exports and industrial activity.

Slowing credit growth, margin pressure await banks in 2025

Slowing credit growth, margin pressure await banks in 2025

Rediff.com1 Jan 2025

In 2025 banks are in for challenges such as pressure on margins and slowing credit growth. With the likelihood of a repo rate cut in February or April, external benchmark-linked loans of banks will be repriced immediately. However, deposit rates are expected to adjust more gradually, which could impact the net interest margin (NIM) - a key measure of profitability for banks.

Economy likely to log a tepid 6% growth in FY24: Crisil

Economy likely to log a tepid 6% growth in FY24: Crisil

Rediff.com16 Mar 2023

The economy is likely to log in a tepid 6 per cent growth next fiscal, in line with the consensus estimates, rating agency Crisil said on Thursday. The agency also sees the economy averaging a growth rate of 6.8 per cent over the next five fiscals. Crisil further said it expects the corporate revenue to log in double-digit rise again next fiscal.

Budget: Auto cos eye 10m beneficiaries of no-tax rule

Budget: Auto cos eye 10m beneficiaries of no-tax rule

Rediff.com4 Feb 2025

According to experts, even if an additional 5 per cent of people opt to buy new vehicles, it may bring a huge boost to the sector.

India Inc revenue growth in Q2 likely slowest in 4 years

India Inc revenue growth in Q2 likely slowest in 4 years

Rediff.com25 Oct 2024

The revenue growth of Indian companies for the July-September quarter is estimated to be 5-7 per cent year-on-year (Y-o-Y), marking the slowest growth in 16 quarters, rating agency CRISIL said on Thursday.

Sebi's new asset class is a win-win for investors, issuers

Sebi's new asset class is a win-win for investors, issuers

Rediff.com21 Jan 2025

Credit-focused SIFs with lower minimum investment thresholds can provide a more practical option for investors with higher risk appetite, suggests Subodh Rai.

Agri GVA stands out on strong monsoon

Agri GVA stands out on strong monsoon

Rediff.com2 Dec 2024

Amid low growth elsewhere, gross value added (GVA) growth in agriculture and allied activities recovered during the second quarter of the current financial year (Q2FY25) to 3.5 per cent year-on-year (Y-o-Y) due to strong monsoon. Experts feel that the rains have laid the foundation of an even better GVA performance in subsequent quarters. GVA growth in the first quarter of FY25 was 2.0 per cent.

India to become upper middle-income country by 2031

India to become upper middle-income country by 2031

Rediff.com6 Mar 2024

Crisil Ratings on Wednesday projected India's GDP growth at 6.8 per cent in the next fiscal and said the country will become an upper middle-income nation by 2031 with the economy doubling to $7 trillion. In its India Outlook report, Crisil said the Indian economy will take support from domestic structural reforms and cyclical levers and can retain -- perhaps even improve -- its growth prospects to become the third largest economy by 2031. "After a better-than-expected 7.6 per cent this fiscal, India's real GDP growth will likely moderate to 6.8 per cent in fiscal 2025," said the Crisil India Outlook report.

Budget capex not as high as it sounds: Crisil

Budget capex not as high as it sounds: Crisil

Rediff.com9 Feb 2022

Amid FY23 Union Budget's focus on investments, leading domestic credit rating agency Crisil on Wednesday said that the capital expenditure is "not as high as it sounds". It, however, was quick to add that considering that governments usually tend to cut capex during a crisis, the government has maintained its focus on growth-spurring initiatives amid the pandemic. The research wing of the agency said, if one excludes the Rs 1 lakh crore of loans to states for capex included in the headline figure of Rs 7.50 lakh crore or 2.91 per cent, the actual spend in FY23, will go down to 2.58 per cent of GDP, which is barely at par with the revised estimate of FY22.

Have You Heard About The Potato Crisis?

Have You Heard About The Potato Crisis?

Rediff.com16 Dec 2024

Amid the political blame game over Bengal's potato ban, which led to shortages in Jharkhand and Odisha, Uttar Pradesh farmers are the unlikely winners.

Bajaj Auto to pump Rs 3,000 crore into finance subsidiary

Bajaj Auto to pump Rs 3,000 crore into finance subsidiary

Rediff.com1 Apr 2024

Bajaj Auto, India's leading two-wheeler (2W) and three-wheeler (3W) maker, is scaling up its wholly owned finance subsidiary, Bajaj Auto Credit Ltd (BACL), with an investment of more than Rs 3,000 crore planned over the next two financial years, company's managing director Rajiv Bajaj said. BACL has already started commercial operations, Bajaj recently said on the sidelines of the group's CSR identity event. According to rating agency CRISIL, BACL's operations began on January 1 after receiving its licence from the Reserve Bank of India (RBI) in August last year.

'RBI Not Overly Concerned About GDP'

'RBI Not Overly Concerned About GDP'

Rediff.com6 Dec 2024

'The central bank has highlighted that the slowdown in growth has been limited to a few sectors and overall growth is expected to pick up in the second half of the year.'

India facing its worst recession in current fiscal: Crisil

India facing its worst recession in current fiscal: Crisil

Rediff.com26 May 2020

The economic costs now beginning to show up in the hard numbers are far worse than initial expectations.

Crisil sees 11% revenue growth for IT industry in FY22

Crisil sees 11% revenue growth for IT industry in FY22

Rediff.com7 Jul 2021

The Indian IT industry will stage a "strong recovery" in 2021-22 with a revenue growth of up to 11 per cent, ratings agency Crisil said on Wednesday. The recovery will be led by increasing outsourcing and accelerating digital transformation services mainly in sectors such as banking, financial services and insurance (BFSI), healthcare, retail and manufacturing, it said. As per Nasscom, the IT services industry grew 2.7 per cent to $99 billion in 2020-21.

Fair trade, focus on manufacturing, infra on steel firms' Budget wish list

Fair trade, focus on manufacturing, infra on steel firms' Budget wish list

Rediff.com10 Jul 2024

India's leading steel companies hope the Modi 3.0 Budget will continue the massive capital expenditure currently underway, focusing on infrastructure development, manufacturing, and fair trade. The infrastructure segment is the largest steel user, and the government's focus has fuelled steel consumption even as international markets have underperformed. According to provisional statistics, steel consumption grew 13.6 per cent in FY24, reaching 136 million tonnes (mt), according to a CRISIL report.

Adani Praises Manmohan, Modi...

Adani Praises Manmohan, Modi...

Rediff.com20 Jun 2024

'If the period between 1991 and 2014 was about laying the foundations and building the runway, the period from 2014 to 2024 has been about the aircraft taking off.'

Crisil launches real estate ratings

Crisil launches real estate ratings

Rediff.com5 Aug 2010

Leading credit ratings agency, Crisil, on Thursday launched real estate ratings, a first by any organisation in India, which would help common buyers make informed purchases in the sector in need of greater transparency.

MPC's Repo Rate Decision Not Unanimous

MPC's Repo Rate Decision Not Unanimous

Rediff.com9 Oct 2024

Dr Nagesh Kumar, one of the three new MPC members, wanted the MPC to reduce the repo rate by 25 basis points to 6.25%.

Why Banks' Liquidity Will Go Into Deficit Mode

Why Banks' Liquidity Will Go Into Deficit Mode

Rediff.com16 Sep 2024

The liquidity will move into deficit after advance tax payments and GST outflows. It will rebound in October because of government spending.

Crisil lowers FY21 growth by 50 bps to 5.2%

Crisil lowers FY21 growth by 50 bps to 5.2%

Rediff.com19 Mar 2020

Noting that external risks to global growth has increased significantly now, the Crisil report quotes its parent S&P's forecast of a recession in the US and in the Eurozone, and a record low growth in China, which is seen crashing to 2.9 per cent now, almost half of what it had said on March 5 when it has pegged the same at 4.8 per cent.

Investment slide to continue, says CRISIL

Investment slide to continue, says CRISIL

Rediff.com7 Aug 2015

Private participation remains lacklustre.

Trade on road to recovery but Indian firms tread cautiously

Trade on road to recovery but Indian firms tread cautiously

Rediff.com12 Oct 2024

Truck movements across the India-Bangladesh border are on the rise, with increasing rentals signalling a trade recovery between the two South Asian nations. Yet, geopolitical tension looms large, with Bangladesh now under an interim government for nearly two months.

Considering An Education Loan? Read This

Considering An Education Loan? Read This

Rediff.com10 Sep 2024

'With tuition fees for international students rising, education loans have become critical for bridging the gap between savings, scholarship, and full cost.'

CRISIL cautions govt against pension outgo

CRISIL cautions govt against pension outgo

Rediff.com7 Jan 2015

The report mentioned that the government spends 2.2 per cent of the GDP on pension bill.

Crisil sharply cuts FY20 GDP forecast to 6.3%

Crisil sharply cuts FY20 GDP forecast to 6.3%

Rediff.com5 Sep 2019

Elaborating on its not-so-pleasing outlook on the economy, Crisil said private consumption demand, which has been the bulwark of growth for the last few decades, grew by a pale 3.1 per cent in the first quarter as against 7.2 per cent growth in the preceding quarter.

In export push, govt steps in to raise container capacity

In export push, govt steps in to raise container capacity

Rediff.com27 Sep 2024

Concerned over the fallout of the Red Sea crisis and severe shortage of containers against the backdrop of a steep decline in merchandise exports in August, the Union government is pulling out all the stops to find a solution. To begin with, the government has devised a strategy aimed at boosting container supply and supporting exporters.

Crisil ups India Inc's credit outlook to 'positive'

Crisil ups India Inc's credit outlook to 'positive'

Rediff.com18 Aug 2021

Crisil Ratings on Wednesday said a broad-based recovery is on for India Inc currently, and upgraded its credit quality outlook to 'positive' from the earlier 'cautiously optimistic'. The rating agency said the credit ratio, which illustrates the number of upgrades to downgrades, rose to over 2.5 times in the first four months of the fiscal, as compared to 1.33 times in the second half of FY21, it said in a statement. The rating agency said it has also done a study of 43 sectors, excluding the financial sector, accounting for 75 per cent of the overall Rs 36 lakh crore in outstanding debt, which shows that the current recovery is broad-based.

High onion, tomato prices make veg thalis costlier

High onion, tomato prices make veg thalis costlier

Rediff.com5 Jul 2024

The average cost of a vegetarian thali became dearer by 10 per cent in June due to the jump in onion, potato, and tomato prices, a report said on Friday. However, a decline in the broiler price contributed to a decrease in the cost of a non-vegetarian meal, as per Crisil Market Intelligence and Analysis' monthly "Roti Rice Rate" report. The cost of veg thali, which comprises roti, vegetables (onions, tomatoes and potatoes), rice, dal, curd and salad, increased 10 per cent to Rs 29.4 per plate in June from Rs 26.7 in the year-ago period, and was higher when compared to Rs 27.8 in May 2024, it said.

CRISIL for competitive bidding of coal blocks

CRISIL for competitive bidding of coal blocks

Rediff.com15 Oct 2012

In its draft report, the research agency has recommended linking the valuation of coal reserves to be put up for bidding to international prices.

Demand for workspaces eases on global downturn; shift to office holds hope

Demand for workspaces eases on global downturn; shift to office holds hope

Rediff.com23 Nov 2023

The net leasing of Grade-A commercial office space in India will stagnate this financial year at 32-34 million square feet, with global uncertainties brewing caution among key tenant categories, according to the latest Crisil Ratings report. Major seven cities in India - Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), National Capital Region (NCR) and Pune - had Grade-A office space with an operational stock of around 705 million square feet as of March 2023. India's commercial office space is dominated by technology companies, with information technology (IT) and IT-enabled services (ITeS) companies occupying 42-45 per cent of the operational stock.

Opting For A Gold Loan? Read This

Opting For A Gold Loan? Read This

Rediff.com23 Aug 2024

Only borrow an amount that can be repaid comfortably. The ratio of total EMI to take-home salary should not exceed 40 per cent.

Great time ahead for telecom operators: CRISIL

Great time ahead for telecom operators: CRISIL

Rediff.com27 Dec 2013

The operating profit growth rate of mobile service providers is expected to double in next two years buoyed by increase in call rates and clarity in policy, credit rating agency CRISIL has said.