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Uptick in CPI inflation validates caution displayed by MPC: ICRA
Fri, Jan 12, 2018
The hardening of the CPI inflation in December 2017 was led by the sharp jump in inflation for housing, as well as a base-effect led uptick in food inflation, with a limited impact of the cut in GST rates, said ICRA today.
Markets to see healthy FPI inflows at Rs 2.2 trn in FY'18: ICRA
Fri, Jan 05, 2018
Foreign portfolio investors (FPIs) have pumped in investments amounting to Rs 484 billion (USD 7 billion) in 2016-17, ICRA said in a report.
Govt's recapitalisation package will narrow PSBs credit, NPA weakness
Thu, Jan 04, 2018
Moody's expects the government will allocate the Rs 1.5 lakh crore in capital across the country's 21 public sector banks so that they will all have common equity tier 1 (CET1) ratios.
Early indicators for Nov 2017 signal rebound in industrial growth: ICRA
Thu, Dec 21, 2017
The performance of ten of the 16 early volume-based indicators improved sequentially in November 2017, while several of the remaining indicators displayed a base effect-led moderation in the pace of YoY growth, said the report.
ICRA expects WPI inflation to rise above 4.0% in December
Thu, Dec 14, 2017
India's annual wholesale price inflation rose to an eight-month high at 3.93% in November up from 3.59% in October, said the government data released on Thursday.
Moody's outlook for Indian corporate sectors stable; Telecom gets negative rating
Thu, Dec 14, 2017
Telecom sector of India received a negative outlook from the Moody's Investors Service, which said that intense competition and heavy debt loads continue to pressure cash flows, ultimately driving consolidation activity towards a three player market.
Telecom sector may cut debt up to Rs 90,000 crore with sale of tower assets: ICRA
Mon, Dec 11, 2017
Debt to the tune of Rs 80,000-90,000 crores can be pruned from the telecom industry if the stake sale transactions of tower assets currently under discussions materialise.
Power sector likely to see pick-up in demand post Saubhagya launch, Icra says
Tue, Sep 26, 2017
Prime Minister Narendra Modi on Monday had launched "Saubhagya- Sahaj Bijli Har Ghar Yojna" on the ocassion of birth anniversary of Pandit Deendayal Upadhyaya.
Liquid mutual funds to be more favorable than savings account, Icra says
Thu, Aug 31, 2017
The savings account rate is at its lowest making it one of the most unfavorable financial instrument to park money. However, it can be an opportunity for other products to grow.
Hike in GST cess on larger passenger vehicles could derail demand momentum: ICRA
Wed, Aug 09, 2017
While the passenger vehicle market is expected to grow by a healthy 9-10% in India during FY18, the increase in the cess by the GST Council poses a challenge to this growth.
India's GDP to reach nearly 8% in four years: Moody's poll
Mon, Jul 31, 2017
"Given economic and institutional reforms in India, and further changes that could follow, India will likely grow faster than similarly rated peers over the next 12-18 months, despite a short-term drag caused by demonetisation," said Marie Diron, a Moody's Associate Managing Director.
GST could make your movie going experience cheaper
Thu, Jun 22, 2017
With GST coming in multiplexes will get a break primarily due to the input tax credit offered by the new tax regime and as a result could pass on the lower tax benefits to customers.
Banks would have to wait more before seeing revival in asset quality
Thu, Jun 08, 2017
NPAs are the primary issue in Indian banking system presently. A host of moves have been taken by RBI and government but these problems are far from over.
Now Fitch downgrades Reliance Communications, says default a 'real possibility'
Thu, Jun 01, 2017
After ICRA and Moody's, now Fitch Ratings downgraded Reliance Communications to CCC.
Moody's, ICRA downgrade RCom over debt concerns
Wed, May 31, 2017
RCom, controlled by billionaire Anil Ambani, has traditionally relied on short-term debt and covenant waivers from its banking relationships, but if these waivers are not received it could impact RCom`s $300 million bondholders "significantly", Moody`s said.
RBI unlikely to cut repo rate even as CPI inflation reaches to a series low
Mon, May 29, 2017
Urjit Patel governor of RBI along with Monetary Policy Committee (MPC) have kept the policy rate unchanged in last three meet followed by a neutral stance in the month of February 2017. This may continue in June bi-monthly monetary policy despite low CPI.
Strong rupee bodes well for India's masala bonds
Wed, May 03, 2017
“If the rupee remains stable at current levels or appreciates further, it would offer RDBs’ investors healthy returns and sustain their interest in participating in future issuances; and vise versa," as per ICRA.
CREDAI expects all states to implement realty law soon
Tue, May 02, 2017
CREDAI will hold workshops across the country to help its over 10,000 member developers prepare for compliance of provisions of the Real Estate (Regulation and Development) Act, 2016, its national President Jaxay Shah said.
Credit growth plunges to over 60 year low at 5% in FY17
Sun, Apr 16, 2017
For the year to March, banks' outstanding credit stood at Rs 78.81 trillion compared to Rs 75.01 trillion as of April 1 2016, show the central bank data.
Banks should transmit lower cost of funds to customers, experts say
Thu, Apr 06, 2017
The Reserve Bank of India (RBI) left its benchmark lending rate unchanged at 6.25% today for the third policy review in a row citing upside risk to inflation.