Non-banking financial companies (NBFCs) are increasingly attempting to access funding sources beyond banks, such as through non-convertible debentures (NCD), commercial papers (CP), foreign currency borrowings (FCB) and securitisation, to continue their growth march, asserted Crisil Ratings.
New Delhi [India], October 2: QVC Exports Limited has been assigned with CRISIL ratings to the bank facilities of the company. Looking at the performance of the Company, CRISIL has upgraded the external rating by two notches from BB- to BB+. This has been a major achievement of the organizat
Mumbai (Maharashtra) [India], October 2: IIFL Finance, which is one of India's largest non-banking financial companies, today said that leading rating agency CRISIL has removed IIFL Finance from 'Rating Watch with Developing Implications' and has reaffirmed the rating at 'CRISIL AA/CRISIL A
India's oil marketing companies (OMCs) are expected to increase the country's crude oil refining capacity by 35-40 million tonnes (MT) by the end of fiscal 2030, the Crisil Ratings said.
The tyre manufacturers are grappling with soaring natural rubber prices, which have surged by over 33 per cent in last five months of fiscal 2025, Crisil said in its recent report.
Crisil asserted that reduced demand from Bangladesh on account of the current political scenario there and the suspension of direct flights from China are impacting tourist footfalls in India. Both these countries were a major source of tourists for India and accounted for 27 per cent of the
India's oil exports have been impacted by the fall in crude oil prices, leading to a contraction in the country's overall exports in August, according to a report by CRISIL.
Recent political developments in Bangladesh haven't had a significant impact on India's trade and going forward, the effect will vary based on industry or sector-specific nuances and their trade exposure, asserted Crisil Ratings.
A recent analysis by CRISIL Ratings, which examined 58 gold jewellery retailers representing a third of the organised sector's revenues, indicates that the sector will benefit from improved working capital management.
Education loans, primarily those to fund courses overseas, will continue to be among the fastest-growing segments for non-banking financial companies (NBFCs) because of rising demand for higher education, said Crisil Ratings.
The softening of retail inflation has started reflecting in the food plates, as the cost of both vegetarian and non-vegetarian thalis (full meals) saw a notable drop in August 2024 compared to the same time last year and the previous month, CRISIL MI&A Research noted in its latest report
The revenue growth of auto dealers is expected to slow to 7-9 per cent this financial year after a healthy 14 per cent last year, due to a moderation in sales volume growth and modest price hikes by car manufacturers, asserted Crisil Ratings.