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The real estate regulatory bill, when enacted, is expected to boost demand for residential property, rating agency Crisil said today. The Real Estate (Regulation and Development) Bill, approved by the Union Cabinet on Tuesday, provides for setting up
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Eight years after having acquired a majority stake in Crisil, McGraw-Hill Financial, the owner of global rating agency Standard & Poor's, has said it will acquire an additional 22.5% in the leading credit rating agency in India for about Rs 1,900
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Shares of rating agency Crisil were locked at 20 per cent upper circuit after the company announced voluntary open offer to acquire 1.56 crore equity shares from public shareholders. McGraw Hill Financial Inc has made an offer to buy 22.23 per cent
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Economic data released over the past two weeks send out confusing signals. The IIP data (index of industrial production) for March 2013, released on May 10, was on the face of it, positive. It showed industrial production growing by 2.5 per cent on a
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The reduction in interest rates will also result in a higher proportion of firms with better debt protection metrics, thereby benefiting their credit risk profile," it said. The ratings agency expects the Reserve Bank of India to further reduce
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Credit rating companies are looking beyond their core business of judging debt repaying capacity of companies as slowing economy, uncooperative clients and intense competition are leaving little room for rapid growth. Ratings, which recently entered
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The upgrade reflects sustained improvement in DCB's asset quality over the past three years and its expected stabilisation at the current levels...DCB will maintain stable asset quality over the medium term, backed by its stringent underwriting and
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The government appears set to miss the March deadline for allocation of 17 coal blocks to various public sector undertakings (PSUs) and state mining corporations. Though an inter-ministerial group has set evaluation parameters for shortlisting the
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Shares of medical device maker Opto Circuits (India) plunged more than 8% to a 44-month low on Monday after the company informed BSE on Friday about the resignation of its company secretary , more than two months after his departure, renewing
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Airports Authority of India (AAI) has invited bids on Monday to raise up to Rs 5 billion ($91.47 million) via five-year bonds, a termsheet seen by Reuters showed. The unsecured bonds, rated AAA/Stable by Crisil , have a put/call option at par on Jan.
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