News Muncher - searching for financial

financial

In a significant achievement, Technopark has been awarded A+/Stable rating for the fourth consecutive year by the rating agency Credit Rating Information Service of India Ltd for maintaining a robust as well as proper financial position and progress, the State government said on Friday. Technopark received A+/Stable rating by CRISIL in 2021, after which it had maintained the same in …

Non-banking financial company 360 One Prime, formerly known as IIFL Wealth Prime, announced on January 8 that it plans to raise up to ₹1,000 crore through maiden public issue of secured, rated, listed, redeemable Non-Convertible Debentures. The solutions offered by our Company are customized as per the clients' requirements and credit profile," Karan Bhagat, Founder, MD & CEO, 360 ONE …

New Delhi: Non-banking financial companies' education loan assets under management are likely to grow 35-40% to ₹35,000 crore in the current fiscal, driven by specialized business models and a rise in students studying abroad, according to rating agency Crisil on Thursday. Krishnan Sitaraman, senior director and deputy chief ratings officer at Crisil Ratings, said that swift loan disbursement, adequate risk …

Global macroeconomic and financial sector headwinds are set to take a deep toll on the domestic IT companies' revenue growth in FY24, a report said on Friday. The ₹10 lakh crore sector is likely to witness revenue growth plunging by up to 9 percentage points to 10-12% in FY24 as against the nearly 20% growth estimated in FY23, Crisil Ratings …

The domestic stainless steel demand is expected to grow at a compound annual growth rate of 9 per cent till 2024-25 financial year, according to Crisil Ratings. The domestic demand for stainless steel was at 4 million tonnes in fiscal 2021-2022, the ratings agency said in a report on Thursday. "Domestic demand for stainless steel is projected to log a …

India is set to remain a relative growth outperformer in the current and next financial years. The deceleration of major developed economies underway will create downside risks for CRISIL’s India growth outlook of 6.5 per cent for fiscal 2024. “According to S&P Global, global growth is set to decline from 3.1 per cent this year to 2.4 per cent in …

Financial Conditions Are Now Tighter Than Last Decade's Average, May Tighten Further: Crisil Report

Financial conditions now are tighter than last decade’s average and these conditions are expected to tighten further as central banks continue to raise rates, the Reserve Bank of India keeps the pedal on excess liquidity absorption and there is a faster transmission of rate hikes to the broader market segments, according to a Crisil report. “Tighter financial conditions may not …

Financial

Financial Conditions Financial Conditions Fed Rate Rbi Fci

Three out of four non-financial companies that availed of the loan repayment moratorium are rated below investment grade, with most grappling with a slowing economy even before covid-19, rating agency Crisil said in a report on Monday. Crisil said it analyzed more than 2,300 non-financial companies, from its rated portfolio, which availed of the moratorium to tide over the cash …