India's domestic demand is showing signs of recovery, supported by several positive developments, according to a recent report by Crisil.
The CRISIL report also states that power generation is estimated to have increased around 5.4 per cent year-on-year to 136 BUs this November, more than meeting the monthly demand.
SFBs are expected to grow their advances by a robust 25-27 per cent this fiscal, according to a CRISIL Ratings report.
These states, which account for over 90 per cent of India’s gross state domestic product, grew at 7.5 per cent last fiscal, according to the CRISIL Ratings report.
In a recent report, rating agency CRISIL has said the costlier onion, tomato and potato have spiked the cost of a home-cooked vegetarian thali by 8% in April to Rs 27.4 compared to Rs 25.4 in the same month last year.
Last month, the telco had reported a net profit of Rs 759 crore for the January-March quarter.
Crisil said it rates 6,800 mid-size companies, excluding those engaged in the financial sector, and 4,700 of those are small and medium enterprises (SMEs).
The Crisil report noted that the first half of fiscal year 2022 would be supported by a base effect but it would be clouded by the pandemic's spread.
The five steelmakers could cut Rs 25,000 crore of debt this fiscal. Next fiscal, despite capex rising by 15 per cent, they can slice debt by another Rs 10,000 crore.
In a radical shift from the current methodology where the call option date of the bond was considered for calculation, the regulator has also directed MFs to value perpetual bonds (AT1) based on a 100-year maturity.
