Page 9 - Crisil Report

Rainfall deficit wider and outcomes worsening: CRISIL's DRIP Index

Six kharif crops at risk

Nippon India Multi Cap Fund is outshining peers and benchmarks by a margin

The investment objective of the scheme is to generate capital appreciation from a portfolio predominantly invested in equity and equity-related instruments

Jute industry revenue to drop 5-6% on weak overseas demand: Report

Domestic demand will be stable because of steady orders for bags used to store grain, says CRISIL Ratings

Improved spatial rain distribution aids crops, shows CRISIL DRIP index

Crop-wise, DRIP scores are better for most crops except pulses and rice relative to the previous year

Controlling inflation will depend on monsoon, vegetable prices

In July, monsoon rains were almost 13% more than normal across India. In the entire monsoon season between June 1 and August 7, rainfall across India has been 2% above normal

Onion prices might touch Rs 60/70 per kg by month-end, says Crisil

Such a scenario could extend the current lean season by 15-20 days, potentially tightening supplies and driving prices upwards, the report added

Crisil reports 10% growth in profit to Rs 150.6 cr in Apr-Jun quarter

Largest rating agency Crisil, majority owned by the Wall Street-based S&P, Wednesday reported a 10 per cent growth in net income at Rs 150.6 crore for the second quarter ending June. The city-based rater said standalone income from operations for the reporting quarter rose 15.3 per cent to Rs 771.0 crore and the consolidated income rose 12.1 per cent to Rs 788.8 crore. The company also announced an interim dividend of Rs 8 per share. Amish Mehta, the managing director & chief executive said the overall numbers were impacted during Q2, due to unfavourable foreign exchange movements compared to the same quarter last year. Slowing global growth is expected to progressively weigh on domestic activity, he said, adding while domestic demand has been resilient so far, it can moderate later this fiscal as the full impact of rate hikes of the recent past manifests and the pent-up demand in contact-based services wanes.

Print media revenue to rise 13-15% in FY24 due to higher ad spends: CRISIL

This will increase the profitability of print media by 10% to 14.5% this year

Securitisation volumes surge 60% to Rs 55,000 cr in Q1: Crisil Report

Robust loan collections and high credit growth at non-bank lenders led to 60 per cent jump in securitization volumes to Rs 55,000 crore in June quarter, a report said on Monday. This is the highest ever in the first quarter of a fiscal, rating agency Crisil said, attributing the growth to high demand from banks and non-bank finance companies (NBFCs) resorting to securitization as a funding route. Securitisation refers to an activity where a financier or lender transfers future receivables on a loan or a bunch of loans to other financiers which helps with immediate liquidity requirements. During the first quarter, the number of transactions went up to over 250 from 160 in the year-ago period, it said, adding that private and public sector banks continued to be the dominant investors, followed by foreign banks. There were 80 originators and 50 investors which were active during the quarter, the agency said. Securitisation is allowing banks to do two things: keep driving their credit

SBI seeks to raise Rs 10,000 cr in tier-I bonds, wary about spike in yields

Offering slated for coming week; bank to decide on actual issuance based on yield level in the market, which hardened in the last two weeks

HDFC Hybrid Equity Fund: A good balance between returns and safety

The scheme's investment objective is to generate capital appreciation/income from a portfolio, predominantly comprising equity and equity-related instruments

MSMEs to face headwinds due to economic slowdown in US, Europe: CRISIL

A fifth of the MSME sector by value is expected to witness an increase in working capital requirement this fiscal, the report said

Residential real estate sales to grow by 8-10% in FY22-23: CRISIL study

The study included 11 large and listed, and 76 small and mid-sized residential developers; buoyant residential demand has resulted in robust sales growth in the past two fiscals

Cement prices likely to drop by 1-3% despite healthy demand: Crisil

According to the Crisil report, for the first time in many years, there were no pre-monsoon price hikes in April and May of the current fiscal year, despite steady demand

CRISIL upgrades Central Bank rating on improvement in profitability

State-owned lender has improved asset quality, been profitable for eight consecutive quarters

Hyundai to announce over Rs 15,000 cr investment programme in Tamil Nadu

The proposed investments of Rs 15,000 crore to Rs 20,000 crore would be spread over the next seven to 10 years, sources said

Shopping mall operators' revenue may rise 7-9% this fiscal: Crisil report

Shopping mall operators are expected to earn 7-9 per cent higher revenue during this fiscal, driven by strong retail consumption and improved rentals in their properties, according to CRISIL. "Buoyant retail sales and improved rental yields are expected to lift the revenue of mall operators by 7-9 per cent this fiscal. That would be tantamount to around 125 per cent of pre-pandemic, or fiscal 2020, revenue," it said in a statement. The rating agency said that the growth in revenue will be on a high base of FY23. During the last fiscal, CRISIL noted that "return to social normalcy after mobility curbs were lifted led to substantial growth in footfalls and a robust 60 per cent rise in revenue to around 116 per cent of the pre-pandemic level". "Additionally, high occupancy levels, solid profitability backed by cost-optimisation measures and strong balance sheets will keep the credit risk profiles of mall operators healthy this fiscal," the agency said. CRISIL Ratings has analysed 28

Why the European Union's CBAM is worrying for Indian steel exports

The mechanism will come into force in 2026, with a levy linked to EU carbon market price, on imported iron, steel, aluminum and other products

Toll operators in India to see a revenue jump of 16-18% in FY23: CRISIL

In FY24, the revenue growth will continue to be strong, but it will be a lower 9-11 per cent

Wholesale credit to grow at 9-11% in FY23-30 period: CRISIL report

9% of infrastructure, industrial capex is for green projects and number is rising, says agency