As of November 26, 2018, although 63 lakh houses had been sanctioned, only 12 lakh have been constructed, while 23 lakh are under construction. Andhra Pradesh, Uttar Pradesh, Maharashtra, Madhya Pradesh and Tamil Nadu together accounted for 55% share of the sanctions. The ministry aims to sanction 75 lakh houses and construct 30 lakh of them by the close of this fiscal.
CRISIL estimates a whopping 250-300 bps dent in the EBITDA margins of Small Fleet Operators in fiscal 2019.
Oil marketing companies (OMC) may be looking at a Rs 3,500 crore blow to their operating profits this quarter following the finance ministry’s announcement of a reduction in petrol and diesel prices by Rs 2.50 per litre.
Housing finance companies (HFCs) and non-banking finance companies (NBFCs), which have cruised on lower borrowing costs and easy access to finance in the recent years, are set for some hiccups as the interest rate cycle reverses course.
The growth revival in fiscal 2019 would be consumption-led, with mild support from investments. A normal monsoon in 2018, benign interest rates, the return of pent-up demand and implementation of house rent allowance (HRA) revisions at the state government level would support growth, together with the government’s thrust on rural and infrastructure sectors.
Sectors such as automobiles, retail, and auto components are expected to log improvement in EBIDTA margins, while for FMCG, natural gas, construction, and aluminum, the margins would be flattish
The much-awaited vehicle scrappage policy has received a go-ahead from the Prime Minister’s Office and is awaiting approval from the Goods and Services Tax (GST)…
The aggregate topline of companies in India’s key sectors is expected to have grown ~ 9% on-year in the third quarter of fiscal 2018, estimates…
Opportunities abound for SME Lending, but continuous tracking of sectors critical to managing risks An “11% compound annual growth rate (CAGR) in lending to micro,…
Suspicious states, which now have to depend on the Centre to get their share of GST revenues. Many of them are using flying squads (manned by their Road Transport Organisation/Authority personnel) to stop vehicles on highways or at dismantled check-post zones to scrutinize the goods being transported, in an apparent attempt to corroborate their GST revenues