The agency welcomed the Rs 1.70-lakh crore package announced by Finance Minister Nirmala Sitharaman earlier in the day but said more measures like loan forbearances for small businesses and households are necessary.
The Television Eighteen (TV 18) Group has acquired the assets and staff of Crisil MarketWire from rating agency Crisil.
The ranking is done on following parameters depending on the asset class.
The government on Tuesday proposed reducing the long-term capital gains tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers.
Ratings agency Crisil on Monday cut its FY14 growth forecast for India to six per cent from the earlier 6.4 per cent citing a variety of reasons, including the high lending rates, weaker pick-up in consumption and issues around mining and project clearances.
The agency attributed the sharp revision to various high-frequency indicators showing a softness and partly blamed the same to reforms like GST, real estate regulation, and the bankruptcy code which are still a "drag" on the economy.
Mining conglomerate Vedanta Limited has received approvals from the majority of its creditors for a proposed demerger of businesses, marking an important step in the company's plan to split into six independent listed companies. "I am happy to let all of you know that we have received the 52 per cent plus the additional percentage, which is required for us to reach 75 per cent. "We have crossed that threshold as well. Most of the lenders have approved it," a senior Vedanta executive said in a recent bondholder conference call.
S&P, which holds 51.4 per cent in Crisil, named Roopa Kudva as the region head for South Asia. Kudva would be part of S&P's Asia-Pacific executive committee, the agency said in a statement. She would continue as the managing director and CEO of Crisil.
The prospective bidders of Haldiram Snacks Foods (HSFPL), a leading food firm, have sought clarity on the ownership of the brand as it is currently owned by different family factions. The Delhi and Nagpur families have decided to merge their operations and formed a joint venture to sell part of their stake. On the other hand, the Kolkata family runs its separate, independent operations. Bankers said prospective bidders of the company do not want any confusion over the brand in future. They have sought clarity over usage of the brand.
Crisil Real Estate Ratings provide city specific all-round assessment of real estate projects and help buyers benchmark and identify quality projects within their cities.
Based on current pricing, the monthly TV bill can go up by 25 per cent from Rs 230-240 to around Rs 300 per month for viewers who opt for the top 10 channels, but will come down for those who opt up to top 5 channels, Crisil senior director Sachin Gupta has said.
Rating firm Crisil revised downwards its GDP growth forecast to 5.5 per cent this fiscal from its earlier estimate of 6 per cent, citing reduced likelihood of monetary easing going forward due to falling rupee.
ating agency Crisil on Wednesday said it has signed an agreement to buy the business of US-based Knowledge Process Outsourcing Industry Pipal Research Corporation for $12.75 million.
Government officials believe that central bridge projects perform better than state projects due to stricter checks and balances.
Painting a grim pictue of the retail real estate market, Crisil Research on Tuesday said retail rentals would further fall an average of six per cent in 2010 due to oversupply of mall spaces.
Rating agency, Crisil, on Friday said that the proposed investment towards 3G auctions are unlikely to impact credit profiles of Crisil-rated telecom operators.
'The Budget needs to focus more on social welfare schemes.'
CRISIL also expects the average Wholesale Price Index inflation to be higher at around 8 per cent as against of 7 per cent estimated earlier.
Adani group will invest more than $100 billion (around Rs 8,340 crore) in energy transition projects and manufacturing capability to produce every major component required for green energy generation, its chairman said on Wednesday. Besides building solar parks to produce electricity from sunlight and wind farms that do the same from wind, the conglomerate is building major facilities to manufacture electrolyzers for making green hydrogen, wind power turbines and solar panels.
MF assets remained unaffected by the January market crash, said research firm Crisil. Some fund houses even registered an increse in AUMs.
Rating agency Crisil said corporates, especially those in the auto, aviation, consumer durables and oil sectors, will be "severely impacted" by rupee depreciation due to large overseas debt and limited hedging.
Preparing a 'vegetarian thali' got dearer by 34 per cent in July as compared to June because of the soaring tomato prices, an arm of a rating agency said in a report on Monday. A non-vegetarian thali was relatively less impacted and the price of preparing one went up by only 13 per cent, Crisil's 'Roti Rice Rate' report for August said. The inflation in the thalis is largely driven by the 233 per cent jump in tomato prices to Rs 110 per kilogramme in July from Rs 33 in June, the report said.
Voicing concerns on overheating, Crisil Ratings on Monday said rising interest rates and liquidity constraints would push down India's GDP growth in the range of 7.9-8.4 per cent in 2007-08.
Salary account holders could see their interest income rise by up to 25 per cent on the back of a new RBI rule from this month, under which banks will compute 3.5 per cent savings interest on daily basis instead of taking the lowest deposit during a month, Crisil Ratings said.
On the profitability front, Crisil foresees a 0.5 per cent basis points y-o-y jump in EBITDA (operating profit) margins in Q2 FY15.
It could add to pressure on inflation, especially food inflation, which was already high, it said.
Retail inflation eased to an 11-month low of 4.83 per cent in April as prices of some kitchen items declined though overall food basket firmed up marginally, according to a government data released on Monday. The Consumer Price Index (CPI)-based retail inflation was 4.85 per cent in March. It was 4.7 per cent in April 2023.
Global rating agency Standard & Poor's on Tuesday announced that it intends to become a majority shareholder in CRISIL Ltd by making a voluntary conditional open offer of Rs 680 per share.
Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.
The cost of a representative home-cooked vegetarian thali has witnessed a 5 per cent on-year increase in January, while that of the non-veg thali declined 13 per cent, a report said on Wednesday. According to Crisil Market Intelligence and Analytics (MI&A) Research 'Rice Roti Rate' estimates, the rise in prices of ingredients like pulses, rice, onion and tomato made home-cooked veg thali costlier in January, while decline in poultry rates helped in the fall in non-veg thali rates.
For exporters, there will be lower realisations because of rupee appreciation, the report added. Crisil's modified credit ratio for FY 2008 was at 0.97 times, that is, downgrades outnumbered the upgrades during the year. However, credit quality pressures does not automatically mean more defaults.
Rating agency Crisil Ltd has acquired EconoMatters Ltd, a London-based energy and gas advisory firm, and its subsidiary companies for over Rs 15 crore.
Credit ratings agency Crisil on Tuesday said it expects to increase its rated portfolio in the small and medium enterprises (SME) segment by 10 folds in the next 3-4 years.
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