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Benchmark stock indices fell over 1%, tracking Asian peers, after the Federal Reserve officials signalled more interest rate hikes amid weak foreign flows. The Sensex closed 1.04% lower and the Nifty 50 index slumped 1.03%.In broader markets, Nifty Midcap 100 ...
Non-Banking Finance Companies (NBFCs) in India has witnessed an aggregate credit growth of 13.1% to Rs 31.5 lakh crore in H1FY23, according to CareEdge Ratings. The report said that there has been a shift in the segmental distribution of credit ...
Fast-moving consumer goods (FMCG) sector is expected to grow 7-9% this fiscal compared with about 8.5% in the last fiscal as companies increased the prices of their products due to higher input costs, according to a report by CRISIL Ratings. ...
Organised electrical and kitchen appliances industry is expected to see higher growth of 8-10% in FY23 as consumers prefer branded products, according to CRISIL Ratings. Moreover, increasing usage of smart technologies, and similar buying behaviour among rural as well as ...
Steel industry is expected to grow during the current fiscal with production increasing by 3-5% and the consumption rising by 9-10%, according to CareEdge report. CareEdge said that the steel production grew by 6.4% and consumption rose by 11.4% from ...
As Corporate India has started reporting its second quarter earnings, revenue of Indian companies is expected to rise about 15% year-on-year to Rs 10.2 lakh crore in the second quarter of this fiscal, according to CRISIL rating agency. The rise ...
Metro rail projects is expected to generate Rs 800 billion of opportunities for construction companies over the next five years, according to ICRA research report.The report said 15 cities have operational metro networks of about 746 km and many of ...
Traditional brick and mortar apparel stores are likely to witness an increase of 20-25% year-on-year in its revenue this fiscal, on the back of strong demand recovery despite the third wave of the pandemic, according to a report by CRISIL ...
The improved demand and supply-side issues helped the prices of non-ferrous metals to remain high during 2021 and it is expected to continue in CY2022, according to rating agency ICRA.This is despite a downside risk with respect to prices, including ...
India’s transportation industry has been badly affected by the pandemic and the airline industry is one of the industries which has been bleeding since the end of March 2020. This has been exacerbated by the onset of third wave of ...