The uptick was attributable to a substantial 58 per cent and 35 per cent on-month increase in onion and tomato prices, respectively, prompted by festive demand and lower output in the kharif season due to erratic rainfall conditions.
Malls India: Mall space in India is set to increase by 30-35 million square feet (msf), or a third of current stock, over the next 3-4 years, spurred by the strong recovery in retail sales last fiscal. The retail recovery is expected to sustain, as broad-based consumption across geographies as well as sectors fortifies demand resilience. In fact, revenue of mall owners for this fiscal is estimated at 125% of the pre-pandemic level.
CRISIL has upwardly revised its outlook to 'Positive' from 'Stable’ for IIFL Finance, , stock market, nifty, sensex, crisil ratings, IIFL Finance, retail investors, Intraday, national stock exchange
While this growth projection is slightly lower than the 16-18 per cent recorded in FY23-24, it reflects the continued strength in secured asset classes, particularly home loans and vehicle finance, , crisil ratings, tata power
Indian Commercial Real Estate: According to Crisil Ratings the inherent strengths of the Indian market and increasing shift to return to office, however, should help demand pick up over the medium term, keeping credit profiles of office asset owners stable.
Highlighting the impact of the Israel - Hamas war, Rahul Guha, director, CRISIL Ratings, said, “Israel imports ~$1.25 billion worth of polished diamonds annually from India. With the country now declaring a war on the Palestinian militant group Hamas, this number could be at risk.”
Ceat Q2 Results: Analysts had anticipated an average profit of INR 152 crore, according to LSEG data. Total quarterly expenses decreased by 2.5%, primarily due to a 13.6% reduction in input costs
In volume terms, the construction equipment sector should see all-time high sales of ~1.2 lakh units this fiscal, compared with ~1.1 lakh units last fiscal, according to Crisil Ratings.
Combined with stable cement prices and softening power and fuel costs, operating profit of manufacturers is expected to recover by ~Rs 200 per tonne from a multi-year low of Rs 770 per tonne last fiscal.
Readymade: The report further said volume of exports fell 7 per cent year-on-year last fiscal following a sharp rise in domestic cotton prices and moderation in demand from the US and the European Union, which account for 60 per cent of shipments.