Page 16 - Crisil Report

A dull fiscal looms for gems and jewellery SMEs: CRISIL SME tracker

Domestic demand in volume terms, on the other hand, is expected to shrink due to skyrocketing prices

Top 1,000 listed firms may see tax savings of Rs 37k cr on tax cut: Crisil

CRISIL Research on Sunday said top 1,000 listed companies could see tax savings of Rs 37,000 crore on account of the corporate tax cut. "Over the past few days, a slew of measures have been introduced to address the slowdown in the Indian economy. Friday's announcement, however, is the most material...Our analysis indicates these 1,000 companies could see tax savings of Rs 37,000 crore, or nearly a fourth of the total savings anticipated by the government," it said in a statement. The drop in tax rate would now bring India at par with most Asian economies, it added. "CRISIL Research's analysis of nearly 1,000 companies -- spread across 80+ sectors such that they cover more than 70 per cent of NSE's market capitalisation -- indicates that effective tax rates had risen over the past 5 years," it said. These companies, including oil & gas and financial services, account for nearly a third of the tax paid by India Inc. "These estimates are based on profit before tax for fiscal 2019. .

Higher input cost to cut margins of cashew processors: CRISIL SME tracker

The increase in costs is due to a hike in import duty on raw cashew kernels from 45 per cent to 70 per cent, in the Union Budget for 2019-20

ARC role in resolution may help pare NPAs to Rs 9.1 trn by March: Crisil

With the share of cash deals rising, discounts could remain high. To make way for newer acquisitions and attract new and repeat investors, ARCs must quickly resolve assets and redeem security receipts

CRISIL SME Tracker: Chinese slump a godsend for SMEs in chemicals industry

In fiscal 2020, CRISIL Research expects domestic demand for specialty chemicals to remain robust, driven by key end-user industries

A first for Kerala in 10 years as Crisil upgrades Technopark rating to 'A'

The upgrade reflects the improvement in Technoparks cash flow due to leasing of additional commercial space across its Phases 1, 3 and Technocity

40-60% haircut may help resolve Rs 1-trillion stressed power debt: CRISIL

The report by Crisil is based on assessment of 16,000 Mw power assets, which account for nearly two-thirds of stressed and operational coal-based capacities