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West Asia war threatens diamond trade recovery; Crisil sees 10% FY26 revenue dip; better news in FY27
India's diamond industry faces disruption due to the West Asia conflict, threatening key supply routes. GJEPC warns of logistical challenges and rising costs.
India's city gas distribution sales face 8-10% dip due to West Asian conflict: Crisil
India's city gas sales face an 8-10% dip due to West Asian conflict impacting LNG imports. While industrial and commercial users will see supply cuts, CNG and domestic PNG remain insulated. Companies can pass on price hikes, and strong financials will cushion credit profiles amid prolonged uncertainty.
Muthoot FinCorp launches NCD tranche II issue; aims to raise up to ₹600 crore
Muthoot FinCorp launched its second tranche of secured NCDs to raise up to ₹600 crore. Subscription is from March 13-23, offering yields of 8.70%-9.10%, rated AA-/Positive by CRISIL.
India's February power demand hits 15-year high amid rising temperatures: Crisil
India's power demand increased by approximately 2 per cent in February to reach 133 billion units (BUs), compared with 131 BUs during the same period last year. This consumption represents the highest level for the month since at least 2010.
Energy Outlook | Gas prices nearly double amid West Asia tensions, says Crisil
Crisil Intelligence’s Director Sehul Bhatt says Middle East tensions pose a bigger risk to gas than oil as India has lower gas inventories and relies heavily on imports. With about 50% of gas imported—around 40% from Qatar—any disruption can tighten supply. Spot LNG prices have already surged to nearly 1.9–2 times pre-conflict levels, hurting industrial and commercial consumers the most. Bhatt adds industries may switch to alternate fuels like fuel oil or LPG if gas prices remain elevated.