The surplus liquidity in the banking system has come down from the highs of last year, and the Reserve Bank of India has reiterated that it will remain focussed on the withdrawal of liquidity. PGIM India Mutual Fund expects the banking system liquidity to turn negative by October this year. “This can put pressure on … Read more
If the prevailing high temperatures continue through March, the rabi wheat crop will be impacted and yields would at best be on a par — or marginally lesser — than last year’s low, said CRISIL MI&A Research in an impact note issued today. “In Uttar Pradesh, which accounts for about 30% of India’s wheat production, … Read more
A combination of high realisation and healthy demand will help the basmati rice sector log strong sales growth of over 30% on-year to more than Rs 50,000 crore in fiscal 2023, its highest ever, said Crisil in a media release. It added: “Next fiscal, however, sales will decline by 5-7% as basmati rice realisation is … Read more
The November inflation print of 5.88 per cent provides impetus to end the rate hike cycle, economists at the country’s largest lender SBI said on Monday. This came hours after official data showed that consumer price index (CPI) based inflation cooled to 5.88 per cent in November, the first time that it has come within … Read more
Nearly all the MSMEs in the country this fiscal would be surpassing the revenues they achieved in the pre-covid level, but their operating profits may be well below the 2019 levels as they are not able to pass on the commodity price increases, said ratings firm Crisil. Almost all the MSMEs are expected to cross … Read more
Nearly all the MSMEs in the country this fiscal would be surpassing the revenues they achieved in the pre-covid level, but their operating profits may be well below the 2019 levels as they are not able to pass on the commodity price increases, said ratings firm Crisil. Almost all the MSMEs are expected to cross … Read more
The aggregate indebtedness of states – measured by debt to gross state domestic product (GSDP) – is expected to remain at 30-31% of their respective GDP this fiscal, almost at the same levels of FY’22 due to flattish growth in fuel tax and discontinuation of GST compensation according to ratings firm Crisil Besides, sticky revenue … Read more
The Reserve Bank of India is likely to deliver a fourth consecutive policy rate hike this week, with a half-percentage point increase, joining global central banks that are raising rates sharper than estimated to cushion inflation-battered consumers. According to an ET poll conducted among 20 banks, fund managers and financial institutions, the RBI Monetary Policy … Read more
Investors who entered the markets during early 2020 and witnessed a surging bull phase that lasted till January 2022 are trying to make sense of the markets. Although the Nifty has rebounded from 15,293 on 17th June 2022 to 17,530 on 16th September 2022, one may be wondering about the way ahead. Mature investors may … Read more
In the last five years, Intellect Design Arena has come a long way — from uncertainty as to whether there will be wide acceptability of its products to entering the territory of viability and profitability. How did it manage it and what are the challenges that may impact its valuations?I came to know about Intellect … Read more