Page 2 - Crisil

Stock crash ahead? BSE, Max Health face up to 23% downside risk; check why

Midcap stocks BSE, 360 One Wam, Max Healthcare, Crisil and Coforge look technical weak on charts, hence may dip from current levels. Here are the key levels to track on these 5 stocks.

Crisil to acquire McKinsey PriceMetrix to expand wealth management insights

Crisil, an S&P Global Company, announced the acquisition of McKinsey PriceMetrix Co. (PriceMetrix), a leading provider of performance benchmarking and data-driven insights for the wealth management industry. PriceMetrix, based in Toronto, serves leading wealth management firms in the US and Canada. Its proprietary database covers USD 8 trillion in assets under management and 30 million investment accounts, backed by 25 years of data, rating agency Crisil said in a statement. The acquisition includes key products such as ValueOne, FeeCheck, CommissionCheck, SignalOne, advisory services, and comprehensive surveys of the North American wealth management sector, it said. This planned acquisition aligns with Crisil's strategy to scale in wealth management and extend sector benchmarking capabilities to large global banks, traditional wealth managers, and registered investment advisors (RIAs), it said. With this acquisition, Crisil strengthens its position as a leading provider of ...

Crisil projects 3.2% headline inflation for 2025-26, sees room for rate cut

Research and ratings firm Crisil said that the headline inflation during 2025-26 is projected to be 3.2 per cent, lower than its earlier estimate of 3.5 per cent. In its latest report, Crisil said that the moderation implies a decline of 140 basis points in CPI inflation during this financial year, which is likely to give space for monetary easing. It said the RBI may cut rates by another 25 basis points this year. According to Crisil, lower inflation and reduced interest rates should increase domestic demand in the economy as global headwinds mount. The report also said that the excessive rains during the kharif season is a risk as it could cause disruptions in key horticulture and foodgrain-growing regions like Punjab which is facing its worst floods in four decades. CPI inflation inched up to 2.1 per cent in August 2025, from 1.6 per cent in July, moving above the RBI tolerance threshold of two per cent. Food inflation has started to move up from low levels but trails the head

Cost of veg thali rises to 8-month high of ₹29.1 in August, says Crisil

Crisil said veg thali cost rose to an eight-month high of Rs 29.1 in August due to high tomato prices, while both veg and non-veg thali costs were lower year-on-year

GST cut to drive 200 bps boost in two-wheelers, 100 bps in PVs: Crisil

GST Council's two-rate tax structure to cut vehicle prices by up to 10%, supporting festive auto sales for two-wheelers, small cars, and compact SUVs

US tariff may cut FY26 revenue of Indian diamond polishers by 30%: Crisil

India's natural diamond polishing industry faces a 28-30 per cent fall in revenues to USD 12.50 billion in this financial year as the steep 50 per cent tariff imposed on Indian exports by the US kicks in, a report said on Thursday. An additional 25 per cent tariffs on Indian products entering the American market came to effect on Wednesday after the US administration's move to penalise India for purchasing Russian oil. This is on top of the 25 per cent the reciprocal tariff imposed by US President Donald Trump in April. During 2024-25, the revenue of the natural diamond polishing industry in India stood at around USD 16 billion, Crisil Ratings said in a report. The blow will follow a 40 per cent degrowth over the past three fiscals because of a fall in both prices and sales volume of natural diamonds as demand in the US and China dropped, and competition from lab-grown diamonds rose, it added. Crisil Ratings said 50 per cent tariffs, effective this week, makes exports to the US tou

Uncertainties around tariffs may affect capex decisions this fiscal: Crisil

Despite the healthy corporate sheets supporting fresh investments, the imposition of the tariffs is likely to hit sentiments

Revenue of large, diversified EPC firms to grow 9-11% in FY26: Crisil

Diversified engineering, procurement and construction (EPC) companies are likely to witness a modest rise of 9-11 per cent in revenue in the current financial year, according to Crisil Ratings. The growth in revenues for large and diversified EPC firms is expected to be driven by steady growth in infrastructure capital expenditure, healthy order books and faster project execution, with a favourable shift in the order mix, Crisil Ratings said on Monday. The Crisil Ratings study covered 15 EPC companies, which accounted for Rs 3.15 lakh crore in annual revenue during the previous fiscal year. The fortunes of these companies are closely tied to the capital expenditure (capex) outlays of both government and private sector entities, it said in a statement, adding that infrastructure capex alone accounts for 75 per cent of India's total capex. Additionally, a few EPC companies have also expanded overseas to tap opportunities in diverse infrastructure sectors. "This fiscal, the total ...

MSMEs in textiles, diamonds, chemicals to be most hit by US tariffs: Report

The imposition of higher tariffs by the US will significantly impact the micro, small and medium enterprise sector, which accounts for around 45 per cent of India's exports, while MSMEs in textiles, diamonds and chemicals are likely to be the most hit, a report by CRISIL Intelligence said. The US levies ad valorem duty of 25 per cent on Indian goods. However, it has imposed an additional 25 per cent tariff which will be effective from August 27 this year. This brings the total tariffs to 50 per cent, which will have a meaningful impact on several sectors in India, the report said. Textiles, gems and jewellery, which account for 25 per cent of India's exports to the US, are likely to be most affected. The MSMEs have more than 70 per cent share in these sectors and will be hit hard, the report said. Another sector which is likely to face the heat is chemicals, where MSMEs have a 40 per cent share. The gems and jewellery sector at Surat in Gujarat, which dominates diamond exports, wil

MoRTH tightens HAM norms; 25% of developers may be barred from bidding

Crisil says revised financial and technical norms for HAM projects could restrict 25 per cent of current developers, with stricter net worth and execution track record criteria

India's headline inflation likely to average 3.5% in FY26: Crisil

Ratings firm Crisil said that headline inflation is expected to average 3.5 per cent this fiscal as compared to 4.6 per cent in the last financial year. In its research report for August, the rating agency said that healthy agricultural production is likely to keep food inflation in check. The kharif sowing is up a healthy four per cent year-on-year as of August 8. "We expect headline inflation to average 3.5 per cent this fiscal from 4.6 per cent in the last," Crisil said in its research report. Headline inflation is defined as a rise in prices of all items in the CPI, including food and energy. Assuming geopolitical uncertainties remain under control, Brent crude oil prices are projected to be subdued at USD60 to USD65 per barrel in the current financial year, which should help contain non-food inflation, the report said. Crisil said another bout of repo cut is expected this fiscal. A cumulative cut of 100 basis points so far, along with adequate liquidity, has ensured a swift

NTPC Green plans ₹2,000-3,000 cr bond sale after RBI policy decision

A unit of the nation's largest power generator, the company is weighing an issuance of ₹2,000 crore ($228 million) to ₹3,000 crore rupees through five- or 10-year note

India's top 18 states' revenues to grow 7-9% in FY26, says Crisil report

Crisil forecasts 7-9% revenue growth for India's top 18 states in FY26, driven by GST, liquor sales, and Centre support, with slower growth than the 10% decadal average

India's 3rd largest airport operator eyes Oct close for over $500 mn bond

BIAL will raise the funds through its second tranche at a similar rate as the first transaction

IBC enabled debt resolution of ₹26 trillion in 9 years, says Crisil

The Insolvency and Bankruptcy Code (IBC) has led to the resolution of Rs 26 trillion in debt over nine years, creating significant deterrence among borrowers and offering flexible resolution framework

Tyre industry revenue to rise 7-8% in FY26 on replacement demand: Crisil

The domestic tyre industry is expected to witness revenue growth of 7-8 per cent this fiscal year, driven by replacement demand that accounts for half of annual sales, according to a report by Crisil Ratings. The segment is expected to post growth even as offtake by original equipment manufacturers (OEMs) is likely to be subdued, the report stated. It also noted that the rising premiumisation is expected to give a slight leg-up to realisations. However, escalating trade tensions and the risk of dumping by Chinese producers diverting inventories because of US tariffs could pose challenges, the report stated. Operating profitability is likely to remain steady at 13-13.5 per cent, supported by stable input costs and healthy capacity utilisation, it said. This, along with strong accruals, lean balance sheets and calibrated capital spending should help sustain the sector's stable credit outlook, the report stated. "Our analysis of India's top six tyre makers, catering to all vehicle .

CPI inflation to average 4% in FY26, down from 4.6% in FY25: Crisil

Rating agency Crisil, in its latest research report, said that the consumer price index (CPI)-based inflation is expected to average four per cent this financial year, as compared to 4.6 per cent last fiscal. The agency said that food inflation is expected to be softer given the forecasts of above-normal monsoon by the Indian Meteorological Department (IMD). Non-food inflation is expected to be subdued on the back of lower commodity prices, the report said. CPI is the key measure used by the Monetary Policy Committee (MPC) of the RBI for targeting inflation. According to Crisil, GDP growth is seen at 6.5 per cent with downside risks. The tariff moves by the US are seen as a risk for exports, while domestic factors like an adequate monsoon and repo rate cuts will be supportive of growth, the agency said. There is supportive liquidity in the system, which should aid the financial conditions of the economy, but capital flows are expected to be volatile along with the rupee, the repo

Private sector debt recast firms' AUM may further shrink, says CRISIL

CRISIL forecasts a 4-6% drop in AUM for private asset reconstruction companies (ARCs) in FY26 due to subdued acquisitions of stressed loans and potential disruptions from loan securitisation

Debt securitisation volume rises to ₹49,000 crore in April-June quarter

Total number of originators in these securitisations, wherein a lender hands over future receivables on a single or a bunch of loans to a new entity usually on a discount, was around 90, Crisil report

Sillverton Industries files for IPO with Sebi, seeks to raise ₹300 crore

Eco-friendly paper manufacturer Sillverton Industries has filed draft papers with markets regulator Sebi seeking its approval to garner funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 300 crore, and an offer-for-sale of 3.22 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds from the fresh issue to the tune of Rs 129.4 crore would be used towards capital expenditure for sustainability initiatives at the existing manufacturing facility, such as the installation of a 14 MW waste-to-energy captive power plant and a compressed bio gas plant. An additional Rs 25.25 crore will be used to enhance the rewinder and sheeter capacity and to construct in-house warehouses at the existing facility, Rs 72 crore for the payment of debt and the remaining funds for general corporate purposes. Sillverton Industries is into manufacturing and marketing of eco-friendly ..