Tour and travel sector to post healthy growth of 12-14 pc in fiscal 2025: CRISIL
The revision in the rate of tax collected at source (TCS) on overseas travel packages may not have a material impact on demand.
The revision in the rate of tax collected at source (TCS) on overseas travel packages may not have a material impact on demand.
The cost of preparing a vegetarian thali at home has gone up by 34 per cent while that of a non-vegetarian thali went up by 13 per cent in July as compared to the input prices that prevailed in June 2023, CRISIL said in a report.
Revenues of multiplexes are set to cross pre-pandemic levels this financial year 2022-23 as more people are queuing up to watch movies after the pandemic-forced hiatus, said rating agency CRISIL Ratings.
The gross non-performing assets (NPA) of the banks are expected to improve 90 basis points on-year to 5 per cent this fiscal year and another 100 basis points to a decadal low of 4 per cent by next fiscal, rating agency CRISIL said in a release.
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.
Besides, it said that trade has also normalised faster than the rest of the economy, with both exports and imports scaling pre-pandemic levels.