With RIL supplying about 47 per cent of the domestic petcoke production, current dynamics are bound to change.
Overall, the credit profiles of players will be supported by healthy balance sheets and liquidity. Prudence in capital and development expenditure, efficient working-capital management, and recent equity raising will help sustain credit metrics in FY22.
Lower gold imports and higher overall exports to help narrow the gap.
Lenders can now initiate recovery proceedings since the SC has lifted the standstill on asset classification, which protected stressed accounts from slipping into NPAs.
Reliance Retail would be exposed to implementation and execution risks in its expansion plans.
The Rs 2 a litre cut in petrol and Re 1 per litre reduction in diesel prices, announced last week, will increase the loss on auto fuel sales by Rs 300 crore (Rs 3 billion), Crisil Research has said.
The earnings are, however, expected to be down around 2 per cent on a sequential basis due to pent-up demand getting exhausted and the adverse impact of rising metals and energy prices on consumer goods and manufacturing companies.
The first to see price hikes will be soaps. In the past six months, domestic palm oil prices have increased by 46 per cent. Palm oil is a key input going into soaps.
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Currently, the investor and his family's net worth in listed firms stands at Rs 8,517 crore, compared to Rs 8,388 crore as of March 31, 2020.
The biggest challenge is crude oil's sustained rally - it is nearing $80 a barrel - stoking inflationary pressures and consequent price hikes in the sector.
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Core inflation, a measure of demand-side pressure on prices also rose sharply in March.
The specific characteristics of the Indian growth slowdown are poised, according to some observers, to stall a major structural change to the Indian economy.
As domestic opportunities diminish, investors look abroad for these projects.
To translate into more spending on education, health, and nutritious food.
CRISIL predicts no more than 6.5 per cent yearly from now till FY19, and only with a stable and decisive government; predicts problems in job generation, poverty and demand.
On the flipside, since 60-70 per cent of the costs pertain to raw material, which are mostly imported, currency fluctuation is a key risk for the segment.
The capital markets watchdog had set up an expert panel in March to suggest new measures to regulate insider trading.
Most analysts expect growth in the sales of Nifty-50 companies to decelerate, albeit marginally, in the quarter ended December compared to the corresponding period of 2013-14, with metals and real estate companies pulling down earnings.
Clearly, the domestic market has taken sharp knocks in April, which is likely to be visible in May as well, said analysts tracking the market, as FMCG companies are grappling with improving capacity utilisation and dealing with labour shortage.
Long-term funding was a requirement for infrastructure projects, and asset-liability mismatch in the banking system, impacts the access to finance for infrastructure projects. One of the key challenges would, however, be to get private sector back into investing.
Of the total 381 summer placement offers at the Indian Institute of Management Ahmedabad, 24.4 per cent roles were offered by financial and banking services.
As even bigger road construction players are not willing to bet on BOT projects., NHAI will have to rethink its thrust on the BOT model.
Balanced funds are generally equity-oriented with at least 65 per cent exposure to equities and the rest of the corpus invested in fixed income securities
There will be STT and a tax on short-term equity sales, plus an exit load for mutual funds.
Following the footsteps of ICRA and CRISIL on rating corporate governance, credit rating agency Fitch will also take up such an exercise soon.
Bharti Airtel called the prices exorbitant while Vodafone Idea wants the auctions take place in 2020. The auctions need to happen when the infrastructure is ready for the roll out, be it in terms of fiberisation levels, or optimisation of equipment and software etc. Spending a hefty amount on a technology (airwaves) that at present offers limited returns is not going to be a priority for the incumbent telcos.
Residential property prices in Mumbai are likely to fall by 10 per cent this year.
Backed by upsurge in stock prices, diversified open-ended equity schemes of mutual funds posted an average 19 per cent return for the one year ended June 2003, according to Crisil's mutual fund ranking.\n\n\n\n
Lenders have reported a surge in their bad loans in the six months to March after an asset quality review ordered by the central bank.
Experts say the focus is on preserving liquidity as there is uncertainty over the duration and impact of the 21-day nationwide lockdown imposed to check the spread of COVID-19.
The national carrier, which is already struggling with its fuel payments, spends Rs 6,000-7,000 crore annually on fuel. A 10 per cent hike in crude price would mean over Rs 50-58 crore of extra costs for the airline.
Charity donations have suffered as the uber-rich are preferring to maintain their opulent lifestyles over philanthropy in the gloomy economic environment, a specially commissioned report to "decode" the high networth families said.
In the manufacturing sector, output is expected to decline by about 70 per cent as only food-processing, and drugs and pharma industries are allowed to operate while other segments, such as engineering and metals, have shut operations.
