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Revenue of Corporate India is likely to have jumped 8-10% year-on-year during the second quarter of the current fiscal after four quarters of subdued growth, according to CRISIL Market Intelligence and Analytics (MI&A) report. It said that the revenue has ...
India’s luggage industry is likely to witness a revenue growth of about 15% on a yearly basis this fiscal on the back of higher penetration of hard luggage made by the organised sector and sustained growth in tourism and corporate ...
Gold loan non-bank finance companies (NBFCs) are facing strong competition from traditional banks and large NBFCs in the high-value loan segment, resulting in loan growth challenges, according to India Ratings and Research (Ind-Ra). In addition, these NBFCs which are primarily ...
Asset Under Management of non-banking financial company-microfinance institutions (NBFC-MFIs) is expected to grow 25-30% in FY24, on the back of improving asset quality, higher economic activity, and rising profitability, said CRISIL Ratings.The growth in AUM has been accompanied by declining ...
Market Opening - An Overview India’s shrimp industry is expected to see its sales grow by about 5% YoY in FY24, driven by higher demand from China, according to Crisil Ratings. The demand from China will help exports to hit ...
Air passenger traffic is expected to surpass pre-Covid levels in FY24, reaching 1.12 times the previous figures, helped by rising demand for air travel, extensive infrastructure development, and strong economic growth, according to CareEdge Ratings.As the Indian airport sector gears ...
The Reserve Bank of India’s Monetary Policy Committee (MPC) met on 3rd, 5th and 6th April 2023 and assessed the macroeconomic situation and its outlook. Following are the key highlights of the monetary policy meeting. • The Monetary Policy Committee ...
The premium segment in the hotel sector is expected to register robust growth across various operating parameters in the current fiscal and next fiscal, helped by economic recovery and easing of restrictions after the pandemic, according to CRISIL rating agency. Recovery ...
Rating agency CareEdge in its latest report on bank credit said that incremental credit off-take rose by 4.8% in August 2022, aided by housing, vehicle, NBFCs and petroleum- based sectors. It is the highest growth reported in the last thirteen ...
Dalal Street closed higher after the Reserve Bank of India (RBI) raised benchmark repo rate by 50 basis points on Friday, along expected lines. The Sensex rose 1.8% and the Nifty 50 index jumped 1.64%.India’s central bank raised repo rate ...