Page 17 - Crisil

Chip shortage: Crisil, Ind-Ra cut growth forecast for passenger car market

Supplies unlikely to ease before end of 2022, downside risk remains; normalisation can only be envisaged by end of second half of next calendar

Revenues of auto-parts SMEs set to grow 10-14% in FY22: Crisil SME Tracker

The increasing desire for personal mobility is driving passenger vehicle and two-wheeler sales growth.

MSME stressed assets likely to touch 18% by March 2022, says CRISIL

For the retail credit, rise in stressed assets is pegged at 4-5 per cent in March 2022 from 3 per cent estimated in March 2021

Amid higher costs, steel firms may raise prices in the coming months

CRISIL Research and industry experts say a recovery in domestic demand since the second half of September can also prompt the hikes

MTAR Technologies rallies 11%, hits all-time high on heavy volumes

On Tuesday, CRISIL upgraded the credit rating on the company's long term bank facilities to A-/Stable from BBB+/Positive and short term bank facilities to A2+ from A2

India Inc set to post 18-20% revenue growth in Q2, says Crisil report

India Inc is set to post an 18-20 per cent revenue growth for July-September as compared to the year-ago period, domestic rating agency Crisil said on Thursday

Crisil elevates Amish Mehta as MD & CEO; to replace Ashu Suyash

S&P-owned domestic rating firm Crisil on Thursday announced elevation of Amish Mehta as the new Managing Director and Chief Executive Officer with effect from October 1 in place of Ashu Suyash. Suyash has decided to step down to set up her own venture, the company said in a statement, adding that the change is in line with an announcement to this effect by the company board in July 2021. Mehta has more than two decades of leadership experience across industries and joined Crisil in October 2014 as President and Chief Financial Officer. In July 2017, he was elevated as the President and Chief Operating Officer, responsible for the global analytical centre, India research and SME, the global innovation and excellence hub and corporate strategy. As the Chief Operating Officer, he led its acquisitions and change agenda while creating a growth path for the businesses managed. Mehta is a chartered accountant and was the CFO of Indus Towers prior to joining Crisil. Before that he was ...

Asset monetisation plan hinges critically on road assets, says Crisil

The success of the Centre's recently announced national monetisation pipeline (NMP) plan hinges critically on road assets, rating agency Crisil said on Monday.

Onion prices likely to remain at higher trajectory this festive season

The onion prices are expected to remain at a higher trajectory during October-November, as erratic monsoon may lead to an eventual delay in harvest, according to a report by Crisil Research

Capex growth by states to be slower than target for FY22: CRISIL

CRISIL expected an 11-13 per cent rise in capex by these states in line with the previous financial year

CRISIL upgrades YES Bank's tier II bonds, infrastructure bonds to 'BBB+'

The rating agency also revised the rating for bank's certificates of deposit (CD) from "A2+" to "A1"

Steel industry to rebound strongly but MSMEs may trail: CRISIL SME Tracker

MSMEs, which account for 90-95 per cent of re-rollers, were hit harder by the pandemic

Pvt airport operators to spend Rs 42,000 cr on capacity expansion: Crisil

Private airport operators are expected to spend around Rs 42,000 crore on capacity expansion over the five years through fiscal 2026 as they are confident of air traffic growth in the long term

Pent-up demand to push auto dealer volumes up by 10-15% in FY22: CRISIL

Festive season sales and pent-up demand along with new launches are expected to push automobile dealers' volumes up by 10-15 per cent in FY22, even as they see a patchy recovery this fiscal: CRISIL

Barely 1% of investment-grade firms keen on RBI's loan recast 2.0: Crisil

Of those inclined to seek restructuring, 95% are sub-investment grade; Crisil qualified views by saying these are preliminary readings from its survey

Discom losses to be 40% above pre-pandemic levels: Crisil

Cash losses of power distribution companies (discoms) will remain elevated at around Rs 46,000 crore this fiscal or 40 per cent higher than the Rs 33,000 crore seen in the pre-pandemic levels of fiscal 2020, Crisil Ratings has said.This is because revenues will remain constrained as demand from high-paying, commercial and industrial (C & I) consumers have been lower than seen during pre-pandemic period, while tariff hikes have been inadequate.Costs are also likely to surge primarily because of higher interest burden because of ballooning debt. A study of 34 state discoms (from 15 states) which account for over 80 per cent of India's power demand shows as much.The nationwide lockdowns imposed in the first half of the last fiscal brought C & I activities to a standstill and evaporated an estimated quarter of demand from high-paying C & I consumers for the full fiscal 2021 as compared to fiscal 2020.Ankit Hakhu, Director of Crisil Ratings, said while industrial demand will ...

Auto loan firms hope for better after suffering in rural India's Covid pain

NBFCs and banks reported a rise in loan defaults when the pandemic's second wave hit the hinterland

As businesses set up online modes, cash flows become less prone to turmoil

Non-banking financial companies have been also reworking their collection process since the onset of the pandemic by increasingly adopting electronic modes

ESG factors now part of lending decision by top banks globally: Crisil CEO

ESG will play an even bigger role in decision making both on the issue side as well as the investor side in the longer-term, says Ashu Suyash

Borrowing cost up 1.2-1.5% for small finance cos despite liquidity: Crisil

The second Covid-19 wave has likely intensified the pressure points