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 ...

TBB BUREAU MUMBAI, JUNE 13, 2023  India’s aluminium exports to the European Union (EU) are set to become unviable once the 27-nation bloc implements the Cross-Border Adjustment Mechanism (CBAM) to help reduce its carbon emissions and eventually attain Net-Zero carbon emissions by 2050, a CRISIL report says. Under CBAM, which takes effect in a few months — the transition phase ...

TBB BUREAU NEW DELHI, MAR 30, 2023 Domestic demand for stainless steel, which was 4 million tonne (MT) in fiscal 2022, is projected to log a healthy compound annual growth rate of 9% in the three fiscals through 2025, double the 4.5% pace of the past five fiscals. This will be driven by increasing adoption of stainless steel in railways ...

TBB BUREAU MUMBAI, FEB 22, 2203 Buoyed by the infrastructure-focused Union Budget, cement demand is set for its third straight year of growth with a 7- 9% jump to ~425 million tonne (MT) in fiscal 2024. However, the outlook on operating margin, which has been under pressure, remains clouded with the prices of key inputs – coal and pet coke ...

TBB BUREAU BHUBANESWAR, SEPT 26, 2022 Operating profitability of cement makers will decline 15% on-year to Rs 900-925 per tonne in fiscal 2023, adding to the pain of a 9% decline last fiscal, as increase in realisations will not be enough to offset the increase in prices of coal, petcoke and diesel that has pushed the average cost of production ...