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Change in gas allocation policy key risk to profitability of city gas entities: ICRA
Fri, Mar 22, 2019
With softer gas prices propping up CNG and piped cooking gas consumption, city gas distribution (CGD) entities will continue to see robust margins but any adverse change in the policy of gas allocation is a key risk for the industry's profitability, ratings agency ICRA said.
ICRA's re-rating of commercial papers not merit-based: DHFL
Wed, Feb 27, 2019
"We have been buying back CPs in advance by a couple of days/weeks depending on our cushion of liquidity availability. CPs are the only instrument we had communicated that we will buyback," he said.
Bank recapitalisation to remain unchanged at Rs 65,000 crore
Fri, Dec 14, 2018
Recent softening in bond yields and consequent reversal of mark-to-market losses on bond portfolios of lenders is expected to lower capital requirements of PSBs, said Icra.
Dear Yes Bank, get new CEO fast! Shares drop 9% to all-time low; unbelievable, 63 pct drop in year! Fear skyrockets about Rana Kapoor led lender; what agencies say
Thu, Nov 29, 2018
Investors must note that Yes Bank's shares have now dropped for the fifth-consecutive day, and seen decline of nearly 28% in five days!
Icra downgrades Shapoorji Pallonji ratings on muted sales
Tue, Nov 27, 2018
It has also reaffirmed the short-term rating of A1+ on the Rs 2,500 crore commercial paper (CP) programme, it said in a statement issued Monday.
From IDFC Bank, Paypal launch to MTV Roadies host Rannvijay Singha, check out top business briefs
Fri, Nov 16, 2018
Even as domestic ratings agency Icra has downgraded the long-term ratings of the IDFC Bank, global payments major Paypal has launched the third edition of a six-week programme focused on empowering women technologists. Check big news in brief.
Aviation crisis: Domestic airlines may post Rs 3,600 cr losses in FY19, says Icra
Thu, Jul 19, 2018
Higher crude prices, due to which most airlines saw a decline in their yields during the second half of FY18, resulted in a higher than estimated aggregate loss for the domestic aviation industry to around Rs 2,400-2,500 crore in the previous fiscal, the report said.
What is in store for Indian economy? Take a sneak peek here
Thu, Mar 22, 2018
With this, the agency expects the current account deficit to rise to USD 46-48 billion, or 1.8 per cent of GDP, in financial year 2017-18, from USD 15.2 billion, or 0.7 per cent of GDP in financial year 2016-17. According to Icra, the merchandise exports and imports are likely to expand by 8-10 per cent in FY19 to USD 335-340 billion and USD 505-510 billion, respectively, resulting in a widening of the merchandise trade deficit to USD 170-175 billion, unless commodity prices recede significantly.
ICRA ups India's revenue growth estimate for auto component industry for FY18
Sat, Mar 03, 2018
ICRA, in a release said it also expects industry-wide credit trends to remain stable, supported by robust demand from the Original Equipment Maker segment in the near term, supported by healthy cash accruals, among other factors, over the past two years
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.