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The imposition of 50% tariffs (25% reciprocal plus 25% penalty) by the U.S. on gem and jewellery is expected to lead to a revenue fall of India’s natural diamond polishing industry by a steep 28-30% to $12.50 billion this fiscal, compared with $16 billion last fiscal, CRISIL Ratings said in a note. The blow will follow…
The FMCG sector is expected to see a moderate revenue growth this fiscal, a new report said. File | Photo Credit: MOHD ARIF The fast-moving consumer goods (FMCG) sector is expected to see revenue growth of 7-9% this fiscal, according to a report released by CRISIL Ratings on July 6. The expected revenue increase in…
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Adani Power Limited’s bank loan facilities were rated ‘A’ with a stable outlook earlier. | Photo Credit: Photo Credit: X/@CRISILLimited Crisil Ratings has upgraded its ratings on Adani Power Limited’s (APL) ₹38,000 crore of bank loan facilities to ‘AA-‘, saying the business and financial risk profile of the company has seen “strong improvement”. The loan…
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