Mumbai, November 28, 2024 (TBB Bureau): The net leverage of domestic primary steel producers, measured as the ratio of net debt to EBITDA, is set to reach a five-year high of over 3x this fiscal. This surge reflects a 25% increase in debt due to substantial capital expenditure (capex), even as profitability is squeezed by cheaper imports, particularly from China. ...

New Delhi, October 1, 2024 (TBB Bureau): India Inc’s credit quality has shown significant improvement, driven by resilient domestic growth and continued government policy support, according to leading credit rating agencies. CRISIL Ratings reported 506 company upgrades in the first half of the current fiscal, compared to 184 downgrades. This resulted in an upgrade-to-downgrade ratio of 2.75, a substantial rise ...

Bhubaneswar, September 30, 2024 (TBB Bureau): Non-banking financial companies (NBFCs) are increasingly turning to alternative funding sources such as non-convertible debentures (NCDs), commercial papers (CPs), foreign currency borrowings (FCBs), and securitisation to fuel their growth. This shift comes amid a slowdown in bank loans after risk weights on lending to higher-rated NBFCs were raised last year. A recent analysis of ...

Bhubaneswar, September 25, 2024 (TBB Bureau): India’s natural diamond polishing industry is poised for a significant downturn, with revenues expected to plummet by 25-27% year-on-year to around $12 billion this fiscal—marking a decadal low. The sharp decline is attributed to muted demand in key export markets, such as the US and China, a 10-15% drop in diamond prices due to ...

Mumbai, September 03, 2024 (TBB Bureau): Education loans, particularly those aimed at funding overseas studies, are emerging as one of the fastest-growing segments for non-banking financial companies (NBFCs) in India, driven by increasing demand for higher education. According to CRISIL Ratings, NBFCs’ education loan assets under management (AUM) are projected to grow by 40-45 per cent this fiscal, crossing the ...

New Delhi, August 26, 2024 (TBB Bureau): Small finance banks (SFBs) are projected to witness a robust growth in advances, estimated at 25-27% this fiscal, slightly lower than the previous fiscal’s 28% growth. The expansion is expected to be fueled by both segmental and geographical diversification, with a strong and increasing presence in semi-urban and rural markets, which continue to ...