Analysts remain positive on Domestic Ratings business - CRISIL, CARE - and expect bond issuances to increase over coming quarters aided by monetary easing and softening corporate spreads.
Dairy companies are likely to witness 11-13 per cent revenue growth this financial year on strong demand, increasing share of value-added products (VAP) and higher milk prices, a report said on Monday. The profitability will improve by 20-30 basis points (bps), aided by better realisations, healthy milk supply keeping procurement prices in check and a favourable shift towards VAP, which fetches higher margins, Crisil Ratings said in a report. The rating agency further stated that to capitalise on the healthy growth momentum, companies will ramp up capital expenditure (capex) by 10 per cent this fiscal. A sizable portion of this capex will be to enhance capacities for VAP, a segment that continues to outpace the traditional liquid milk category, it added. Despite the higher capex, credit profiles of dairy companies are expected to remain stable because of improving cash flows and strong balance sheets, the report said. "The VAP segment is expected to clock a strong 16-18 per cent .
Dynamic Cables share price has soared 37 per cent after it reported a strong set of earnings for the quarter ended March 2025 (Q4FY25)
CRISIL puts Rs 5,500 crore worth of IndusInd Bank's bonds on rating watch with negative implications amid top exits, MFI audit, and Rs 1,960 crore derivatives loss
Shares of Privi Speciality Chemicals hit a new high of ₹2,185, soaring 11% in Thursday's intra-day trade. The stock has recovered 56% from its March low of ₹1,368.15 on the BSE.
CRISIL, Varun Beverages, and Sundram Fasteners have announced dividends for their respective shareholders, while Avantel has announced a rights issue, and Info Edge (India) has announced stock split
In early 1980, investors, according to Capitalmind, were inspired by the stellar returns of the 1970s. If they invested in gold back then, they would have faced two decades of negative returns.
As volume growth slows, original equipment manufacturers (OEMs) will rely on premiumisation and better product mix to protect margins
Tata group co expanding 18 kt wedding line; slashing masking charges
Reaffirms rating for New India, National Insurance
Tax sops, softer interest rates to support loan offtake
Analysts at Barclays, meanwhile, estimate that nearly $22 billion worth of India's exports (30 per cent of exports to the US and 5 per cent of total goods exports) are most at risk
Debt recast in thermal power, recoveries in realty to drive performance
India's data centre capacity is set to more than double to 2-2.3 GW by 2026-27, led by increasing digitalisation as organisations increase their investments in cloud storage, Crisil Ratings said in a report on Monday. Further, the report stated that rising penetration of Generative Artificial Intelligence (GenAI) will drive the demand over the medium-term. To support the strong demand, the incremental capital expenditure would be supported by a higher proportion of debt funding, which will result in a moderate increase in debt levels, it said. Data centres cater to the computing and storage infrastructure demand as enterprises rapidly shifting their businesses to digital platforms, including cloud, a trend that has accelerated post Covid-19 pandemic, it said. The other major factor is that increased accessibility of high-speed data has led to a surge in internet usage, including social media, over-the-top (OTT) platforms and digital payments, it added. Notably, mobile data traffic
Ratings of 24 group firms under 'continuous surveillance', says agency about conglomerate facing legal charges in the US
Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. The Adani Group, which has the flexibility to reduce certain discretionary capital expenditure (capex) depending on developments in financial markets and future capital availability, has a healthy Ebitda and cash balance that reduces its dependence on external debt to sustain operations, it said in a bulletin. On November 20, 2024, the United States Department of Justice and the US Securities and Exchange Commission (SEC) issued an indictment and a civil complaint, respectively, in the United States District Court for the Eastern District of New York, against Gautam Adani, Sagar Adani and Vneet Jaain, key functionaries of Adani Green Energy Ltd (AGEL). The charges rela
Under the co-lending model, NBFCs are required to retain a minimum of 20 per cent of individual loans on their books, while the remaining balance is held by banks
Major steel producers have been on an expansion spree. Ongoing capex is expected to boost capacity by 30 mn tonne per annum (mtpa) by fiscal 2027, of which 20 mtpa is to be added by the end of fiscal
BSE data reveals that the company has paid interim dividends of Rs 8, and Rs 7 on two different occasions earlier this year
CRISIL's consolidated net profit in Q3 2024 rose by 12.86 per cent Y-o-Y to Rs 171.55 crore