Page 19 - Crisil
Tractor sales volume growth to be at 3-5% in current financial year: Crisil
Growth in the domestic tractor sales volume is likely to be at 3-5 per cent this fiscal, given the strong second wave of COVID-19 and rising cases in the hinterland, rating agency Crisil said.
 "Tractor sales volume growth to be at 3-5% in current financial year: Crisil")
Surge in vaccination to fortify revenues growth of glass makers: Crisil
Sharp increase in Covid-19 vaccination led pharma demand as well as expected healthy growth in end-user sectors is expected to drive revenue growth of glass makers, says ratings agency Crisil
 "Surge in vaccination to fortify revenues growth of glass makers: Crisil")
Amid declining trend, Crisil says too early to say 2nd wave has peaked
Even as new Covid-19 infections have shown a declining trend, credit rating agency Crisil said it is too early to say that the second wave of the pandemic has peaked
 "Amid declining trend, Crisil says too early to say 2nd wave has peaked")
Cheviot Co zooms 20% as firm announces special dividend of Rs 175 per share
The company has fixed July 16, 2021, as the record date fixed for the purpose of dividend
 "Cheviot Co zooms 20% as firm announces special dividend of Rs 175 per share")
FY22 growth may slip to 8.2% if second wave peak comes in end-June: Crisil
India's economic growth may slip to 8.2% if the second wave peaks at end of June, domestic rating agency Crisil warned on Monday, maintaining its baseline estimate of an 11% uptick in activity
 "FY22 growth may slip to 8.2% if second wave peak comes in end-June: Crisil")
RBI's Rs 50K cr liquidity facility can augment hospital bed capacity Crisil
Reserve Bank's Rs 50,000-crore liquidity window can help augment the bed capacity at hospitals by up to 20% as credit will be available at cheaper costs, credit ratings agency Crisil said on Friday
 "RBI's Rs 50K cr liquidity facility can augment hospital bed capacity Crisil")
About 3,400 rated firms eligible for recast under fresh rules: CRISIL
Actual number of units going for recast could be much lower as the impact of pandemic might be contained over next 2-3 months, says rating agency
 "About 3,400 rated firms eligible for recast under fresh rules: CRISIL")
Auto companies may see sharp increase in prices for steel contracts
Some have temporarily shut down units in the wake of rising Covid cases, but at least three major suppliers to the auto industry said the move was unlikely to impact negotiations
 "Auto companies may see sharp increase in prices for steel contracts")
India's 4G subscriber base may grow to 820 mn in FY22, says Crisil
The active subscriber market share data indicates the top two players, Jio and Airtel, are neck and neck, with neither ready to bite the bullet and raise tariffs, says the rating agency
 "India's 4G subscriber base may grow to 820 mn in FY22, says Crisil")
Limited industrial oxygen supplies to temporarily impact 5 sectors: Crisil
Metal fabrication, automotive components, ship-breaking, paper and engineering sectors are likely to suffer, according to global analytics firm Crisil
 "Limited industrial oxygen supplies to temporarily impact 5 sectors: Crisil")
Crisil downgrades its PVR's long-term rating to AA-minus negative
Crisil has downgraded its rating on long-term bank facilities and non-convertible debentures (NCDs) of PVR Ltd to AA-minus negative from AA negative.
 "Crisil downgrades its PVR's long-term rating to AA-minus negative")
mRNA Covid vaccine maker Gennova lines up Rs 250-crore capex: Crisil
The Emcure Pharma arm has tied up with Seattle-based HDT Biotech Corp for the vaccine, on which animal trials have been completed. Phase-I and II trials likely to be completed in 2-3 months
 "mRNA Covid vaccine maker Gennova lines up Rs 250-crore capex: Crisil")
Bank credit to grow 10% in FY22 on GDP expansion, policy measures: Crisil
NBFCs focused on gold loans and mortgages will be the least affected by the setbacks, Crisil report said
 "Bank credit to grow 10% in FY22 on GDP expansion, policy measures: Crisil")
Indiabulls Housing Finance says CRISIL has upgraded outlook to stable
Agency affirms company's long-term credit rating of "AA" and short term of "A1+"
 "Indiabulls Housing Finance says CRISIL has upgraded outlook to stable")
Profitability of synthetic yarn makers see steady rise: Crisil
Improved yarn prices because of a sharp rebound in demand in the second half of the current fiscal will help
 "Profitability of synthetic yarn makers see steady rise: Crisil")
Deepak Nitrite gains 8% in three days on Crisil's credit rating upgrades
Going forward, growth over the medium term will be driven by trecovery in demand from Basic Chemical (BC) and Performance Product (PP) segments and continued steady outlook for FSC and Phenol segments
 "Deepak Nitrite gains 8% in three days on Crisil's credit rating upgrades")
Indian steel firms to cut Rs 35,000 cr debt between FY21, FY22: Crisil
The outstanding debt of steelmakers is pegged at Rs 2.15 trillion at end of March 2020
 "Indian steel firms to cut Rs 35,000 cr debt between FY21, FY22: Crisil")
India's GDP to grow 11% in FY22, contract 8% in FY21, says CRISIL
GDP is likely to touch the pre-pandemic level only by the second quarter of fiscal year 2022
 "India's GDP to grow 11% in FY22, contract 8% in FY21, says CRISIL")
India Inc's credit ratio nears 1 as rating upgrades pick up speed: CRISIL
Near-term outlook cautiously optimistic, says the ratings agency
 "India Inc's credit ratio nears 1 as rating upgrades pick up speed: CRISIL")
Bank credit to rise 9-10% in FY22 on budget support, RBI measures: Crisil
Despite bank credit contracting by 0.8 per cent in the first half of the current fiscal (H1FY21), the rating agency expects it to rise by 4-5 per cent at the end of the current fiscal (FY21)