Crisil Report

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Coronavirus pandemic to eat up half of dine-in restaurants' revenue in FY21: CRISIL Research
Business

Coronavirus pandemic to eat up half of dine-in restaurants' revenue in FY21: CRISIL Research

The COVID-19 pandemic is likely to cut 40-50 percent revenue of the country's organised dine-in restaurants this financial year, according to a report

Coronavirus Outbreak: Domestic aviation industry to crash-land this fiscal with Rs 24,000-25,000 cr revenue loss, says CRISIL
Business

Coronavirus Outbreak: Domestic aviation industry to crash-land this fiscal with Rs 24,000-25,000 cr revenue loss, says CRISIL

The domestic aviation industry, which has been severely hit by the coronavirus outbreak and the subsequent lockdown, is expected to crash-land this fiscal with a massive revenue loss of Rs 24,000-25,000 crore, a Crisil report said on Thursday

Coronavirus Outbreak: CRISIL cuts India's GDP growth forecast by half to 1.8% for FY21; projects Rs 10 lakh cr loss due to covid-19
Business

Coronavirus Outbreak: CRISIL cuts India's GDP growth forecast by half to 1.8% for FY21; projects Rs 10 lakh cr loss due to covid-19

Domestic rating agency CRISIL on Monday nearly halved its GDP forecast for India to 1.8 percent for 2020-21 while projecting total losses of Rs 10 lakh crore or Rs 7,000 per person due to "disastrous" lockdowns to control COVID-19 pandemic

FMCG sector to expand at 9% in current year, growth to improve next year: CRISIL report
Business

FMCG sector to expand at 9% in current year, growth to improve next year: CRISIL report

The Rs 4-lakh crore FMCG sector will close fiscal 2020 with a 9 percent growth, down 4 percentage points and a jump in rural buying will lift the same to 11 percent in fiscal 2021, a report said on Tuesday

Gross NPAs of banks may reduce to 8% by March 2020 on higher recoveries, slowdown in fresh bad loans: Report
Business

Gross NPAs of banks may reduce to 8% by March 2020 on higher recoveries, slowdown in fresh bad loans: Report

Higher recoveries and slowdown in fresh bad loans are likely to reduce banks non-performing loans (NPAs) to nearly 8 percent by March 2020, says a report

Govt plans to add over 78,000 petrol pumps is uneconomical, will only cut into each other's sale: Crisil report
Business

Govt plans to add over 78,000 petrol pumps is uneconomical, will only cut into each other's sale: Crisil report

The government plan to more than double the number of petrol pumps in the country does not make economic sense as more number of outlets would only cut into each other's sale, leading to some unprofitable, Crisil Research said in a report on Thursday

US visa rules to hit IT companies' profits, margins in current fiscal: Crisil report
Business

US visa rules to hit IT companies' profits, margins in current fiscal: Crisil report

Profitability of IT companies is set to be impacted by adverse policies like the one on H1-B visas in the key US market, with margins estimated to narrow by up to 0.80 percent in 2019-20, a report said on Monday

NPA to improve 180 bps to 8.5% this fiscal on public sector banks revival: Crisil report
Business

NPA to improve 180 bps to 8.5% this fiscal on public sector banks revival: Crisil report

Systemwide bad loans will improve by 180 basis points to 8.5 percent in March 2020 from FY19 levels on slower slippages, and the state-run banks will turn profitable for the first time in four years, says Crisil report

India's GDP growth may improve to 7.3% in FY20 on normal monsoon, political stability post general elections: Crisil
Business

India's GDP growth may improve to 7.3% in FY20 on normal monsoon, political stability post general elections: Crisil

India's growth rate is likely to inch up to 7.3 percent in 2019-20, provided that there are normal rains and a stable political outcome of the general elections, Crisil Ratings said on Wednesday

Solar projects worth Rs 28,000 cr face viability risk on falling rupee, says Crisil report
Business

Solar projects worth Rs 28,000 cr face viability risk on falling rupee, says Crisil report

According to the Crisil, these Rs 28,000 crore worth of solar power capacities include 5,500 MW of projects bid out in the past nine months at very low tariffs of Rs 2.75 per unit or less.

Private investments plunge to 25% in FY18; fall 1200 bps from FY08 high: Crisil report
Business

Private investments plunge to 25% in FY18; fall 1200 bps from FY08 high: Crisil report

Private investments, which averaged 37 percent between fiscals 2008 and 2013, fell by 600 basis points (bps) between fiscals 2013 and 2017 to 31 percent, which fell a steep 600 bps further to 25 percent in FY18, as a plethora of stalled projects and stressed assets dampened investor interest and risk appetite.

Unsecured bank loans rose four-fold between FY15 & FY18 on higher discretionary spending, lower interest rates: Crisil
Business

Unsecured bank loans rose four-fold between FY15 & FY18 on higher discretionary spending, lower interest rates: Crisil

Unsecured loans are the loans where individual exposures are smaller and more distributed and given without any collaterals but banks get higher margins. Typically personal loan, education loans and credit card spend fall under this category of loans

NCLT resolution to settle over Rs 1.6 lakh cr of debt in steel sector: Crisil report
Business

NCLT resolution to settle over Rs 1.6 lakh cr of debt in steel sector: Crisil report

Resolution of insolvency cases in NCLT against the stressed steel companies will settle over half of steel sector's outstanding debt of Rs 3.26 lakh crore, and consolidate the sector further, said a Crisil report

Companies to see dip in revenue growth, low margins in January-March quarter: Crisil report
Business

Companies to see dip in revenue growth, low margins in January-March quarter: Crisil report

India Inc's revenue growth will slow down to 9 percent in the January to March period on base effects, while the profit margins will shrink to a 12-quarter low of 18.6 percent, a Crisil report said on Monday

Global growth, domestic demand to lift FY19 GDP to 7.5%: Crisil report
Business

Global growth, domestic demand to lift FY19 GDP to 7.5%: Crisil report

"After two sub-par years, interjected by demonetisation and rollout of goods and services tax (GST), growth is seen recuperating to a respectable 7.5 percent next fiscal," Crisil said in a report on Tuesday

Banks to take Rs 2.4 lakh cr hit on top 50 NPAs but pop the bitter pill for economy's sake: Crisil
Business

Banks to take Rs 2.4 lakh cr hit on top 50 NPAs but pop the bitter pill for economy's sake: Crisil

A majority of the debt requiring deep haircuts belong to companies with unsustainable businesses

BS-III vehicles ban to cost auto cos nearly Rs 3,000 cr: Crisil
Business

BS-III vehicles ban to cost auto cos nearly Rs 3,000 cr: Crisil

"The discounts and incentives on vehicles sold till 31 March, 2017, are expected to have cost them about Rs 1,200 crore. Additionally, Rs 1,300 crore would be incurred to dispose of the unsold inventory," Crisil Research said.

Crisil blames divergent growth dataprints for WPI-CPI variance
Business

Crisil blames divergent growth dataprints for WPI-CPI variance

According to a report formulated by Crisil chief economist Dharmadikari Joshi and his team, "The main reason for the faster growth in manufacturing GDP is that growth in the value of inputs used for production has been slower than the value of the final output."

UPA's legacy: Honey, I shrunk the jobs market 25%
Economy

UPA's legacy: Honey, I shrunk the jobs market 25%

It takes four times as much investment to create one new job today compared to what it did 10 years ago. The UPA will be leaving behind an economy where jobs will be harder to come by