Indian cement makers are expected to undertake capital expenditure worth Rs 125,000 crore during financial years 2025-2027, driven by healthy demand outlook and quest for attracting market share, asserted Crisil Ratings.
The expected reduction in AUM, which is forecasted to fall to between Rs 1.2 lakh crore and Rs 1.25 lakh crore by the end of fiscal 2025, down from Rs 1.35 lakh crore the previous fiscal year, is attributed to a slowdown in acquisitions and a steady rate of redemptions.
The weakness in oil, gems, and jewellery exports led to the contraction in India's merchandise exports in July, the market analytics and intelligence agency Crisil Ratings said in its latest report.
India's renewable energy storage capacity is expected to surge 6 GW by fiscal 2028 from less than 1 GW operational as of March 2024, driven by a robust pipeline of projects under implementation, said Crisil Ratings.
Deposit-taking housing finance companies (HFCs) are unlikely to face difficulty in complying with the Reserve Bank of India's (RBI) revised norms for raising public deposits issued on August 12, 2024, said Crisil Ratings.
In recent years, Indian corporations have significantly ramped up their international operations. Currently, approximately 83 per cent of large India-based corporations utilize at least one bank for cross-border trade and payments, a rise from 71 per cent two years ago.
Mumbai (Maharashtra) [India], August 12: Modulus Alternatives, an established alternative asset manager in private credit, is pleased to announce the appointment of Alok Agarwal (former CFO, Reliance Industries) as a Non-Executive Director and Raman Uberoi (Senior Advisor, Government &
The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that external factors like weather conditions and international commodity prices do not cause any disruptions, the credit rating agency, Crisil said in its report.
Tomato prices surged by 55 per cent on-month, climbing from approximately Rs 42 per kg in June to around Rs 66 per kg in July. The spike was mainly due to adverse weather conditions.
The growth will be supported by improving infrastructure, rising disposable incomes, a shift in travel patterns, and the government's focus on boosting domestic tourism.