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Indian Airlines To Carry Half Of Country's International Traffic By 2028: Report
The share of Indian airlines in international passenger traffic originating from, terminating in, or transitioning through India is expected to surge 50 per cent by fiscal 2028 from 43 per cent in 2024, according to Crisil Ratings.
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Vegetarian Thali Costs 7% More In March As Onion, Tomato Prices Soared: Report
The cost of a vegetarian thali became dearer by 7 per cent in March primarily due to the rise in onion, tomato, and potato prices, an arm of domestic rating agency Crisil said today.
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India To Spend Rs 143 Lakh Crore On Infrastructure Till 2030: Report
India will spend nearly Rs 143 lakh crore on infrastructure between fiscals 2024 and 2030, more than twice the Rs 67 lakh crore spent in the past seven financial years starting 2017, rating agency Crisil said today.
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Sales Of Commercial Vehicles To Grow 9-11% In FY24: Report
An increased allocation to infrastructure spending in the Union Budget for next fiscal year will support demand for commercial vehicles, rating agency CRISIL said today.
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Crisil Cuts FY23 Growth Projection For India To 7%
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.
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For Indian Banks, Bad Loans To Fall To Decade Low By March 2024
The banks are likely to see a 90 basis points fall in gross non-performing assets (NPAs) to 5% in this fiscal year to March and further improve to 4% by end of March 2024, rating agency Crisil said on Wednesday.
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Revenue Of States To Grow Moderately At 7-9% In 2022-23: Report
Revenue of the major States is likely to grow at a moderate pace of 7-9 per cent this financial year, after galloping 25 per cent last year, said rating agency CRISIL Ratings in a report.
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Tech Mahindra Increases Headcount to 1.58 Lakh, Net Profit Falls 16.4 Percent in Q2 2022
Tech Mahindra reported a 16.4 percent slide in consolidated net profit at Rs. 1,132 crore for the second quarter. The company is the fifth biggest IT exporter in India, and posted a net profit of Rs. 1,353 crore in the year-ago period. Tech Mahindra said that it added 6,862 employees during the quarter to take its total headcount to 1.58 lakh. Earl...
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IT Services Sector Revenue Growth to Slide Sharply in FY23, Maintain Double Digit Growth: Crisil
The IT Services sector in India will see a sharp fall in revenue in FY23, according to a Crisil report. Revenue growth in FY22 was higher on a lower base of 6 percent in the COVID-hit FY21, while the current depreciation in the rupee, strong demand for new age technologies like artificial intelligence, cloud computing and Internet of Things will he...
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India's Economy To Grow 7.8% In FY23, With Risks Skewed To Downside: Report
The Indian economy is expected to grow by 7.8 per cent in 2022-23, With risks to the downside, ratings agency CRISIL said on Thursday.
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India's GDP May Drop To 8.2% In 2021-22 If Second Wave Peaks By June-End: Crisil
The country's GDP growth may slip to 8.2 per cent in the current financial year 2021-22, if the ongoing second wave of the COVID-19 pandemic peaks by June-end, said ratings agency Crisil.
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Rating Agencies Upgrade Yes Bank Bonds On Improved Liquidity, Shares Rise Nearly 5%
Yes Bank shares hit the intra-day high of Rs 15.41, up 4.75 per cent from the previous closing in early trade
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Government May Give Reprieve To Solar Projects Delayed By Coronavirus Fallout
Ratings agency Standard and Poor's Indian unit, Crisil, warned on Monday that nearly three gigawatts of solar power projects worth $2.24 billion could be at risk of penalties for missing a July 2020 completion deadline as the coronavirus hit solar industry supplies.
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Dewan Housing Finance Misses Debt Payments
Two major credit ratings agencies - ICRA, an affiliate of Moody's, and Standard & Poor's local unit Crisil - earlier this month categorised DHFL's commercial paper at default levels for missing bond payments.
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DHFL Tanks After Downgrades, Raising Worries About Shadow Banking Sector: 10 Points
Dewan Housing Finance Corporation Ltd or DHFL shares fell more than 18 per cent on Thursday, a day after credit ratings agencies ICRA and Crisil downgraded its commercial papers. The downgrade of DHFL's commercial papers to their lowest level came after the lender missed payments on bonds which were due this week. The action by the agencies, descri...
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Indian Airlines To Carry Half Of Country's International Traffic By 2028: Report
The share of Indian airlines in international passenger traffic originating from, terminating in, or transitioning through India is expected to surge 50 per cent by fiscal 2028 from 43 per cent in 2024, according to Crisil Ratings.
-
Vegetarian Thali Costs 7% More In March As Onion, Tomato Prices Soared: Report
The cost of a vegetarian thali became dearer by 7 per cent in March primarily due to the rise in onion, tomato, and potato prices, an arm of domestic rating agency Crisil said today.
-
India To Spend Rs 143 Lakh Crore On Infrastructure Till 2030: Report
India will spend nearly Rs 143 lakh crore on infrastructure between fiscals 2024 and 2030, more than twice the Rs 67 lakh crore spent in the past seven financial years starting 2017, rating agency Crisil said today.
-
Sales Of Commercial Vehicles To Grow 9-11% In FY24: Report
An increased allocation to infrastructure spending in the Union Budget for next fiscal year will support demand for commercial vehicles, rating agency CRISIL said today.
-
Crisil Cuts FY23 Growth Projection For India To 7%
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.
-
For Indian Banks, Bad Loans To Fall To Decade Low By March 2024
The banks are likely to see a 90 basis points fall in gross non-performing assets (NPAs) to 5% in this fiscal year to March and further improve to 4% by end of March 2024, rating agency Crisil said on Wednesday.
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Revenue Of States To Grow Moderately At 7-9% In 2022-23: Report
Revenue of the major States is likely to grow at a moderate pace of 7-9 per cent this financial year, after galloping 25 per cent last year, said rating agency CRISIL Ratings in a report.
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Tech Mahindra Increases Headcount to 1.58 Lakh, Net Profit Falls 16.4 Percent in Q2 2022
Tech Mahindra reported a 16.4 percent slide in consolidated net profit at Rs. 1,132 crore for the second quarter. The company is the fifth biggest IT exporter in India, and posted a net profit of Rs. 1,353 crore in the year-ago period. Tech Mahindra said that it added 6,862 employees during the quarter to take its total headcount to 1.58 lakh. Earl...
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IT Services Sector Revenue Growth to Slide Sharply in FY23, Maintain Double Digit Growth: Crisil
The IT Services sector in India will see a sharp fall in revenue in FY23, according to a Crisil report. Revenue growth in FY22 was higher on a lower base of 6 percent in the COVID-hit FY21, while the current depreciation in the rupee, strong demand for new age technologies like artificial intelligence, cloud computing and Internet of Things will he...
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India's Economy To Grow 7.8% In FY23, With Risks Skewed To Downside: Report
The Indian economy is expected to grow by 7.8 per cent in 2022-23, With risks to the downside, ratings agency CRISIL said on Thursday.
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India's GDP May Drop To 8.2% In 2021-22 If Second Wave Peaks By June-End: Crisil
The country's GDP growth may slip to 8.2 per cent in the current financial year 2021-22, if the ongoing second wave of the COVID-19 pandemic peaks by June-end, said ratings agency Crisil.
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Rating Agencies Upgrade Yes Bank Bonds On Improved Liquidity, Shares Rise Nearly 5%
Yes Bank shares hit the intra-day high of Rs 15.41, up 4.75 per cent from the previous closing in early trade
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Government May Give Reprieve To Solar Projects Delayed By Coronavirus Fallout
Ratings agency Standard and Poor's Indian unit, Crisil, warned on Monday that nearly three gigawatts of solar power projects worth $2.24 billion could be at risk of penalties for missing a July 2020 completion deadline as the coronavirus hit solar industry supplies.
-
Dewan Housing Finance Misses Debt Payments
Two major credit ratings agencies - ICRA, an affiliate of Moody's, and Standard & Poor's local unit Crisil - earlier this month categorised DHFL's commercial paper at default levels for missing bond payments.
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DHFL Tanks After Downgrades, Raising Worries About Shadow Banking Sector: 10 Points
Dewan Housing Finance Corporation Ltd or DHFL shares fell more than 18 per cent on Thursday, a day after credit ratings agencies ICRA and Crisil downgraded its commercial papers. The downgrade of DHFL's commercial papers to their lowest level came after the lender missed payments on bonds which were due this week. The action by the agencies, descri...
