Press Releases

Debt raised on the basis of shares pledged by promoters can work only if a prudent level of overall cover, commensurate with risk, is available through promoter holdings (both pledged and unencumbered) on the overall promoter debt raised through holding or investment companies, CRISIL, India’s top credit rating agency, said today.

A 22-25% decline in the prices of liquefied natural gas (LNG) since January this year, and an expected 5-7% increase in consumption of piped natural gas (PNG) and compressed natural gas (CNG) should drive up the operating profit margins of city gas distribution (CGD) companies by 250-300 basis points (bps) in the first half of fiscal 2020.

After a protracted stall, cement retail prices soared in February, with the hike at the pan-India level estimated at Rs 24-25 per bag (50 kg) in the last week of the month compared with the corresponding week of January.

The Reserve Bank of India’s (RBI’s) move to align risk weights1 of banks’ exposure to non-banking finance companies (NBFCs)2 with their respective credit ratings beneficial for both banks and NBFCs.

Cumulative spending on corporate social responsibility (CSR) has shot past the magical Rs 50,000 crore mark in just four years since the legislative mandate was implemented.