US visa ban not much of a snag for Indian IT firms
The US government’s decision to suspend issuance of new H1-B and L1 visas till December 2020 will have only a marginal impact of 25-30 basis points (bps) on the operating profitability of Indian information technology (IT) firms this fiscal.
Sales plunge to dent auto dealers' credit metrics this fiscal
Two consecutive years of double-digit decline in sales volume and a 50-100 basis points (bps) moderation in already-thin operating profitability are expected to materially dent the credit metrics of automotive dealers this fiscal, a study of 2051 CRISIL-rated dealers indicates.
Securitisation volume plunges 85% in the first quarter
Securitisation volume plunged 85% to Rs 6,200 crore in the first quarter of the current fiscal because of slow collections following the lockdown and the loan moratorium offered by lenders in the aftermath of the Covid-19 pandemic.
Over the next one year, private equity (PE) and venture capital (VC) players will focus on managing existing portfolios and will be less aggressive on new investments
Operating margins of basmati rice companies are set to rise 100-150 basis points this fiscal because of lower paddy prices and stable volume demand abroad, making them one of the few segments of the Indian economy to buck the impact of both, the Covid-19 pandemic and the global slowdown, an analysis of 105 of them rated by CRISIL showed.
NBFC AUMs to de-grow for the first time in nearly two decades
Assets under management (AUM) of non-banking financial companies1 (NBFCs) are expected to de-grow 1-3% (see chart in annexure) in the current fiscal as fresh disbursements drop sharply. Excluding the top 5 NBFCs, the de-growth is expected to be even sharper at 7-9%.
Change-in-law payments a Rs 4,000 cr booster for solar
Recent commencement of Change in Law1 payments by state power distribution companies (discoms) and Solar Energy Corporation of India (SECI) for Goods and Services Tax (GST) to solar power projects, comes as a shot in the arm for the sector.
Analytica