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EV push to absorb over Rs 24,000 cr of automakers' capex in two years as electric car adoption accelerates: Crisil
Indian passenger vehicle makers are expected to invest over Rs 24,000 crore in electric vehicles out of a planned Rs 60,000 crore capex across FY27 and FY28, according to CRISIL Ratings. The investment will focus on expanding EV portfolios, localising supply chains and boosting production capacity.
Epigral rises after Crisil Ratings affirms ratings at 'AA/A1+' with 'stable' outlook
Epigral added 1.46% to Rs 1147 after the company said that Crisil Ratings has reaffirmed its 'Crisil AA/Stable/Crisil A1+' ratings on the bank facilities of the company.
Ideaforge zooms 144% since April, hits 2-year high; what's driving stock?
Ideaforge's revenue is likely to grow at a steady rate over the medium term, in line with geographical diversification, healthy demand, strong order book, and product addition, believes Crisil Ratings
CRISIL places Anupam Rasayan's credit ratings on watch
The ratings have been placed on watch following announcement by ARIL of acquisition of 43.3-48.2% equity stake in Bliss GVS Pharma, a pharmaceutical (pharma) formulations company based in India, which may be funded through debt, equity or internal accrual.
Man Industries gains after Crisil uprades ratings to 'A+' with 'stable' outlook
Man Industries India (MIIL) added 2.08% to Rs 497.60 after the company said that Crisil Ratings has upgraded its rating on the long-term bank loan facilities of the company to 'Crisil A+/Stable' from 'Crisil A/Stable'.
Indian banks' profitability to ease this fiscal on lower treasury gains, ECL provisions: Crisil
Indian banks will see a slight dip in their return on assets this fiscal. This is due to lower treasury income and early provisions for a new accounting rule. Despite this, profitability will remain strong, well above historical averages. Net interest margins are expected to stay stable. Credit growth will continue to be healthy.
Banks' RoA to slip up to 0.15% in FY27 on lower treasury income, ECL provisions: Crisil
Indian banks will see a dip in their return on assets this financial year due to less income from investments and banks setting aside money early for new credit loss rules, Crisil said. Net interest margins are expected to stay steady; competition for deposits is increasing, potentially raising funding costs for banks, it added.
Bank RoA to slip 10-15 bps to 1.15-1.2% this fiscal for 2 reasons: Crisil
Indian banks’ RoA is expected to ease to 1.15–1.2% this fiscal from 1.3% last year, driven by lower treasury income and higher pre-emptive provisioning ahead of the ECL framework. Despite the dip, margins remain stable, and asset quality risks are contained, keeping overall profitability broadly resilient.
Netweb Technologies jumps 15%, hits fresh 52-week high after rating upgrade
Netweb Technologies shares jumped over 15% to a fresh 52-week high. This rally follows a ratings upgrade by CRISIL Ratings Limited. The company's long-term rating moved to Crisil A+ Stable. CRISIL expects sustained revenue growth and steady operating margins. Efficient working capital management is also a positive factor. Netweb Technologies offers computing solutions with integrated design and manufacturing.
Explained: Why Netweb Technologies shares surged 15% today
Netweb Tech counts global technology leaders such as Nvidia, Samsung, AMD and Intel among its key partners, relationships that Crisil said provide access to technology roadmaps well ahead of market launches.
RITES signs MoU with Crisil to develop data-driven infrastructure consultancy solutions
Shares of RITES Limited ended at ₹206.25, up ₹1.05 or 0.51%, on the BSE, while shares of CRISIL Limited ended at ₹3,988.55, down ₹27.75 or 0.69%.
RITES signs MoU with CRISIL
To collaborate on data-driven infrastructure solutions