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COVID-19 Impact: India facing worst recession since Independence; economy to shrink by 5% in current fiscal, says CRISIL
• 5 years agoIn the past 69 years, India has seen a recession only thrice - as per available data - in fiscals 1958, 1966 and 1980. The reason was the same each time - a monsoon shock that hit agriculture, then a sizeable part of the economy.
Coronavirus Lockdown: India faces worst recession in current fiscal; economy to shrink by 5%, says CRISIL
• 5 years agoIndia's fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, CRISIL said on Tuesday as it predicted the economy to shrink by 5 percent in the current fiscal because of coronavirus lockdown
Coronavirus pandemic to eat up half of dine-in restaurants' revenue in FY21: CRISIL Research
• 5 years agoThe 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
Air India divestment process looks very uncertain due to COVID-19 crisis, says CRISIL
• 5 years agoThe disinvestment process for national carrier Air India looks "very uncertain" in the wake of the coronavirus pandemic that has impacted the aviation sector the most globally, according to rating agency CRISIL
Coronavirus Outbreak: Road developers to incur Rs 3,700 cr toll revenue losses in March-June, says CRISIL
• 5 years agoHighway developers and toll operators are likely to incur toll revenue losses of about Rs 3,700 crore during March-June this year, while NHAI will lose Rs 2,200 crore in toll fee, Crisil Research said on Thursday
Coronavirus Outbreak: Domestic aviation industry to crash-land this fiscal with Rs 24,000-25,000 cr revenue loss, says CRISIL
• 5 years agoThe 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
• 5 years agoDomestic 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
Coronavirus Outbreak: IT sector revenue growth may hit decadal low due to COVID-19, says CRISIL
• 5 years agoThe Indian IT sector is staring at a revenue growth sliding to a decadal low of up to 2 percent and an impact on profitability owing to narrowing of margins due to the COVID-19 pandemic, a report said on Friday
Lockdown: NBFCs to face liquidity pressure on lack of clarity on RBI's moratorium, poor collection, says CRISIL
• 5 years agoNBFCs have sought clarity from RBI on applicability of moratorium and also on access to a formal liquidity window which may provide some structural liquidity support to them similar to that available for banks.
Coronavirus Outbreak: CRISIL deploys its corporate kitchen to serve 10,000 daily meals for community in Mumbai
Fp Staff • 5 years agoCRISIL has opened up its corporate kitchen facility at its Mumbai headquarters to prepare hygienically cooked, nutritious meals on a daily basis to the economically weaker sections of the society