Page 10 - Crisil

Rupee at 80: Little relief on the cards from high trade deficit

Due to global risk aversion on the back of geo-political tensions and aggressive policy tightening by the Fed, the dollar has appreciated against most currencies, including the rupee

Rupee fall likely to hit govt finances with ballooning subsidy bill

The finance ministry has hinted that India's fertiliser subsidy bill for 2022-23 (FY23) could rise to around Rs 2.5 trillion against Budget Estimates (BE) of Rs 1.05 trillion

Securitisation volumes jump 70% to Rs 35,000 cr in Q1: CRISIL report

The Reserve Bank of India defines securitisation as transactions where credit risks in assets are redistributed by repackaging them into tradable securities

CRISIL, Icra, CARE: Major hurdles yet to be conquered by rating agencies

Despite the 15 per cent rally on Wednesday, CARE Ratings still trades 38 per cent lower from its 52-week high; Similarly, CRISIL and ICRA too are down 14 per cent from their respective 52-week highs.

SME EPC road contractors face shrinking margins as input costs spike

However, national highway projects are typically executed by large contractors, with only a small proportion sub-contracted to SMEs

HDFC raises Rs 4,000 cr via 21-month paper, attracts bids of over Rs 70K cr

Companies, including HDFC, Tata Capital Financial Services, LIC Housing Finance and Haldia Petrochem raised over Rs 6,000 crore on Wednesday

Orient Bell zooms 18% on upward revision in credit ratings by Crisil

The company said the growth in the tiles market will continue to be driven by growth in real estate and housing sector, rise in disposable income, growth in renovation & remodelling activities.

Crisil launches new benchmark for investment vehicle aimed at the affluent

'Sub category' will help companies and clients in comparing various alternative investment funds.

NHAI likely to award highways contracts for 6,500 kms this fiscal: Official

The authority also remained confident of achieving its goal of constructing 5,000 km of national highways during the current fiscal, NHAI chairperson Alka Upadhyaya said.

Financial conditions ease in April; external headwinds to weigh: CRISIL

Major central banks likely to increase pace of tightening to combat inflation; US Fed has already raised its policy rate twice until May, and S&P expects five more hikes in 2022

Quant Active Fund: Long-term outperformance via active portfolio churn

The fund is managed by Ankit Pande, Vasav Sahgal, and Sanjeev Sharma

A turning tide for ICTT following the political turmoil in Sri Lanka

The transshipment port at Kochi sees opportunity in the Sri Lankan crisis to attract more cargo from Colombo

Inflation getting broad-based, RBI set to hike repo by 100 bps: CRISIL

The RBI hiked its key rate by 0.40 per cent in a surprise move last week while keeping an accommodative stance

Domestic Copper prices may drop to Rs 720-725 per kg in FY23: Crisil

The price of copper wire bars averaged Rs 738 per kg (ex-factory) in FY22, a 42 per cent rise year-on-year, with rates breaching Rs 800 per kg in March before retreating to Rs 790 per kg

Birla Corporation down 7%; stock hits 52-week low on growth worries

The management remained cautious over profitability of cement companies in the near future as it does not anticipate any relief in cost pressure.

Russia-Ukraine conflict: Cement prices expected to increase by 6-13%

According to industry sources, coal and petcoke prices have increased sharply by 30-50 per cent in the last 6 months due to the Ukraine crisis.

Securitisation value rises 50% to Rs 1.35 trn in FY22: Report

Disbursements also picked up, necessitating incremental funding requirements. More than 130 financing entities securitised their assets in the past 12 months

Fire incidents unlikely to impact EV sales in long-term, says Crisil

There has been a spate of incidents where electric vehicles have caught fire, with the recent one reported from Nashik in Maharashtra

Rules, input costs to make car ownership expensive in 4 yrs: Crisil study

ICE-powered vehicles to pinch more

EVs present an opportunity of almost Rs 3 trn for stakeholders: CRISIL

The opportunity includes potential revenue of Rs 1.5 trn across vehicle segments for vehicle makers, component manufacturers and Rs 90,000 crore in form of disbursements for vehicle financiers.