ICRA expects a muted 8-9 per cent recovery in revenues of its sample companies to Rs 28,150 crore in the financial year 2025 from Rs 26,000 crore, benefiting from the low base and replenishment of stock in the US and EU regions.
According to the rating agency, the economic growth in the current financial year was supported by a strong growth in investment demand led by public capital expenditure.
According to the global rating agency, the key risks in the Chinese economy are weakness in its property market and consumption, which it argues could lead to lower growth.
Strong domestic demand, supported by government spending on infrastructure, building and construction segments, is expected to keep India's steel imports elevated around the 6 million tonne (MT) mark this financial year even as the global steel industry battles a slowdown, according to ratin
New Delhi [India], November 23: Fairfax-backed IIFL Finance Limited, which is one of India's largest non-banking financial companies, today said that leading rating agency CRISIL has upward revised its outlook to 'Positive' from 'Stable'. The agency has also reaffirmed the long-term rating a
Some sectors such as fertilisers and diamonds -- both cut and polished -- may see a slight, but manageable, impact, while for most others impact will be insignificant, the rating agency said on Tuesday in a report.
According to a release, despite an increase in net debt levels due to higher land investments, the leverage of developers is expected to remain comfortable between 1.1 and 1.3 times in FY2024, supported by robust cash flows.
New Delhi [India], October 4: Fusion Micro Finance [BSE (BOM: 543652) and NSE (NSE: FUSION)], one of India's leading NBFC-MFIs, has announced that CRISIL, the Credit Rating Agency, has upgraded its credit rating on the Bank Loan Facilities and Non-Convertible Debentures of Fusion Micro Finan
Fitch Ratings has upwardly revised the global growth forecast for 2023 by 10 basis points to 2.5 per cent, reflecting surprising resilience so far this year in the US, Japan, and emerging markets excluding China.
According to the rating agency’s report, food inflation in India, which accounts for a sizeable 39 per cent of the headline Consumer Price Index (CPI), is showing renewed signs of pressure.