The projection for overall infrastructure is more than double the Rs 100 trillion the BJP in its election manifesto had promised to invest in this over the next five years
On September 23, Thomas Cook Plc in Britain announced that it is filing for compulsory liquidation with immediate effect
The rating on the short-term bank facilities has been reaffirmed at 'CRISIL A1+'.
The company attributed the decline in profit on a year to date basis due to adverse movements in foreign exchange
Slower project awarding and delayed receipt of 'appointment date' (on which projects are kicked off) from the NHAI are the main contributors to this decline
The slowdown, however, is unlikely to impact the credit profiles of the EPC players primarily because of three reasons
Domestic demand in volume terms, on the other hand, is expected to shrink due to skyrocketing prices
Car and auto component makers have cut thousands of jobs and halted some production
Jewellery, garments, construction bear brunt of downgrades as slowdown, sharp fall in consumption demand, slower govt spending weigh
India's major rating firms include Crisil, the Indian unit of S&P Global; ICRA, the local unit of Moody's Investors Service
SME players are expected to be mostly restricted to the traditional plywood segment due to their limited financial flexibility
The issue opens on September 27, 2019 and closes on October 25, 2019
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
Cumulative rainfall in the region entered the 'excess' category at 21 per cent above normal, from 14 per cent a week ago
The Crisil note says recent measures taken by govt will at best address some "pain points" apart from supporting the sentiment
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
The current quarter could bring good news for chemicals, metals, pharma sectors, and a host of commercial services companies, the survey noted
In fiscal 2020, CRISIL Research expects domestic demand for specialty chemicals to remain robust, driven by key end-user industries
Policy more attuned to consumption than investment, it said
CRISIL said the slowdown would be pronounced in the first half of the fiscal, while the second half should find support from expected monetary easing, consumption, and statistical low-base effect