Mumbai, December 5, 2024 (TBB Bureau): Vedanta Ltd, a leading global diversified natural resources company, announced on Tuesday that Crisil Ratings Ltd has upgraded its rating on the company’s long-term bank facilities and debt instruments. The revised rating, upgraded to “AA” from “AA-”, underscores Vedanta’s improved capital structure, enhanced financial flexibility, and robust volume growth. Crisil’s rating rationale highlights a ...

New Delhi, October 25, 2024 (TBB Bureau): The Reserve Bank of India (RBI) recently released draft guidelines aimed at reshaping the regulatory framework governing the lending activities of banks and their group entities. If implemented in their entirety, these guidelines could prompt a significant reorganization within bank groups, compelling a single entity to oversee each permissible line of business. Despite ...

New Delhi, October 22, 2024 (TBB Bureau):  The Reserve Bank of India (RBI) has flagged certain irregularities in the gold loan segment and called upon lenders to thoroughly reassess their lending practices. The new regulatory measures, aimed at curbing discrepancies in the loan against gold jewellery sector, may slow the growth of gold loans in the near term. In a ...

Mumbai, October 17, 2024 (TBB Bureau):  Secondary long-steel producers are set to witness a 7 per cent rise in revenue this fiscal, up from 4 per cent in the previous year, driven by strong domestic demand fueled by central government expenditure on housing and infrastructure projects. According to CRISIL Ratings, this growth is backed by improved operating leverage and declining ...

TBB BUREAU MUMBAI, JAN 05, 2024 Notwithstanding the exit of one of the largest housing finance company (HFC) originators in the second quarter of the current fiscal (FY2023-24), Securitisation volume continued on its upward momentum, surging 20 per cent on-year to Rs 1.4 lakh crore in the first nine months of FY24, a CRISIL report said on Friday. If one ...

TBB BUREAU MUMBAI, DEC 12, 2023 India’s office space leasing is expected to benefit from the recent amendments to the Special Economic Zones Act, 2005 (SEZ Act) notified by the Department of Commerce on December 6, 2023, says rating agency CRISIL. The amendments permit demarcation of part of the SEZ area into non-SEZ area after repayment of tax benefits availed ...

TBB BUREAU MUMBAI, OCT 10, 2023 Sizeable capacity additions over the past two fiscals and the resultant oversupply will beat down profitability of Indian flexible packaging industry to a decadal low of 8 per cent this fiscal, said credit rating agency CRISIL on Tuesday. Additionally, the weakness in export demand will contribute to the dent in profitability. Revenue will decline ...

TBB BUREAU NEW DELHI, SEPT 14, 2023 Indian paper manufacturers could see revenue decline 8-10 per cent this fiscal, compared with a steep 30 per cent growth last fiscal, with average realisations expected to soften in keeping with lower raw material prices, and given intense competition, rating agency CRISIL said in a report. Volume is seen rising 5-7 per cent ...

TBB BUREAU MUMBAI, AUG 8, 2023 Owing to strong demand from the infrastructure, real estate, irrigation, and water supply and sanitation (WSS) sectors, revenue of electric resistance welded (ERW) steel pipes manufacturers is expected to grow 10-12 per cent in the current financial year (FY24), a CRISIL report said on Tuesday. The industry had logged 16-18 per cent growth last ...

TBB BUREAU MUMBAI, JUNE 20, 2023 Notwithstanding the healthy demand, cement prices are expected to slip 1-3 per cent this fiscal, after clocking a 4 per cent compound annual growth rate (CAGR) over the past four to a new all-time high of Rs 391 per 50 kg bag last fiscal, a CRISIL Report said on Tuesday. The run-up was due ...