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Operating margins of sugar companies expected to moderate in FY22: ICRA

Operating margins of sugar companies expected to moderate in FY22: ICRA

🕔14:01, 17.Apr 2021

New Delhi, April 17  The operating margins of sugar companies are likely to moderate in FY22 due to higher production cost and reduced export subsidy, ratings agency ICRA said in a statement. Besides, benefits from improved distillery performance was also

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Asset quality headwinds to impact NBFCs performance in FY22: ICRA

Asset quality headwinds to impact NBFCs performance in FY22: ICRA

🕔06:42, 15.Apr 2021

New Delhi, April 15  Domestic retail-assets under management (AUM) are facing asset quality headwinds which will moderate growth in FY21, ratings agency ICRA said. These headwinds are also likely to affect NBFCs performance in FY22, following resurgence of the Covid-19

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Strong bounce back witnessed for toll road assets: ICRA

Strong bounce back witnessed for toll road assets: ICRA

🕔18:30, 10.Apr 2021

New Delhi, April 10  India’s toll roads are likely to witness a 14-15 per cent growth in collections in FY22, ratings agency ICRA said in a report. Accordingly, this growth will be achieved on a low base following an estimated

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‘Upstream producers continue to bleed as domestic gas prices remain low’

‘Upstream producers continue to bleed as domestic gas prices remain low’

🕔12:33, 3.Apr 2021

New Delhi, April 3  Low natural gas prices have adversely impacted upstream producers’ revenues, profitability and cash accruals, ratings agency ICRA said. Accordingly, domestic gas price notified at $1.79 per mmbtu (GCV basis) for the period H1 FY2022 remains the

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India’s PV industry to post 22-25% growth in FY22: ICRA

India’s PV industry to post 22-25% growth in FY22: ICRA

🕔06:24, 31.Mar 2021

New Delhi, March 31  India’s passenger vehicle industry is expected to post a growth of 22 to 25 per cent in FY22, ratings agency ICRA said on Tuesday. The growth is expected to be achieved after a 2-4 per cent

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India’s consumption, investment demand recovers: Moody’s, ICRA

India’s consumption, investment demand recovers: Moody’s, ICRA

🕔08:13, 26.Feb 2021

New Delhi, Feb 26  Moody’s Investors Service has affirmed a stable outlook for non-financial corporates in India on the back of easing pandemic restrictions, the government stimulus aimed at boosting consumption and investment, and a benign funding environment. Besides, its

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India’s economic recovery in consolidation phase: ICRA

India’s economic recovery in consolidation phase: ICRA

🕔07:15, 24.Feb 2021

New Delhi, Feb 24  India’s economic recovery has entered into a consolidation phase in January 2021, ratings agency ICRA said on Tuesday. The agency said after the broad-based improvement seen in December 2020, the year-on-year (YoY) performance of a majority

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India’s GDP expected to grow by 0.7% in Q3FY21: ICRA

India’s GDP expected to grow by 0.7% in Q3FY21: ICRA

🕔19:02, 16.Feb 2021

New Delhi, Feb 16  India’s GDP is expected to record a year-on-year rise of 0.7 per cent in Q3FY21, thereby ending the recession created by the nationwide lockdown imposed last year to curb the spread of Covid-19, rating agaency ICRA

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Healthcare sector revenues likely to grow by 20% in FY22: ICRA

Healthcare sector revenues likely to grow by 20% in FY22: ICRA

🕔06:55, 19.Jan 2021

New Delhi, Jan 19  Even as the healthcare sector witnessed squeezing of revenues due to the Covid-19 pandemic, its long-term outlook remains stable on the back of swift rebound in occupancy as well as structural factors, ICRA said on Monday.

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Strong recovery in oil and gas volumes likely in FY22: ICRA

Strong recovery in oil and gas volumes likely in FY22: ICRA

🕔18:41, 9.Jan 2021

Mumbai, Jan 9  The domestic demand for petroleum products is expected to increase at a healthy rate of 8 to 10 per cent in FY22 on a year-on-year basis, ratings agency ICRA said in a report. Accordingly, the report said

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NBFCs growth expected to revive in FY2022: ICRA

NBFCs growth expected to revive in FY2022: ICRA

🕔04:49, 7.Jan 2021

New Delhi, Jan 7  AUM growth of non-banking companies, including NBFCs and HFCs, are expected to revive in FY22 to about 7-9 per cent vis-a-vis a flattish performance in the current fiscal, ICRA Ratings said on Wednesday. The segment’s AUM

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Mandatory switch to PNG for Delhi industries credit positive for CGDs: ICRA

Mandatory switch to PNG for Delhi industries credit positive for CGDs: ICRA

🕔17:26, 26.Dec 2020

New Delhi, Dec 26  The Centre’s new directive for industrial units in Delhi to switch over to PNG (piped natural gas) owing to the high levels of pollution is a positive development for city gas distribution (CGD) companies, ICRA said

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India’s FY21 GDP to contract by 7.8%: ICRA

India’s FY21 GDP to contract by 7.8%: ICRA

🕔19:12, 17.Dec 2020

New Delhi, Dec 17  India’s FY21 GDP is expected to contract at 7.8 per cent, said ratings agency ICRA on Thursday. According to the agency, in Q3FY21, rising raw material and wage costs would partly counteract the positive impact of

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Domestic poultry industry likely to post healthy FY21 profits: ICRA

Domestic poultry industry likely to post healthy FY21 profits: ICRA

🕔07:29, 8.Dec 2020

New Delhi, Dec 8  The domestic poultry industry is expected to post healthy profits during FY21 after a near washout in profits in FY20, ratings agency ICRA said on Monday. The ratings agency said that domestic poultry industry bounced back

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Corporate India gradually reverts to normalcy from Q2FY21: ICRA

Corporate India gradually reverts to normalcy from Q2FY21: ICRA

🕔06:50, 3.Dec 2020

New Delhi, Dec 3  The Indian corporate sector has witnessed a gradual recovery back to normalcy after experiencing major Covid-19 pandemic induced disruptions and the resultant two-month long nation-wide lockdown, said ratings agency ICRA on Wednesday. The restrictions imposed to

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Risk premium for Basel III instruments to increase: ICRA

Risk premium for Basel III instruments to increase: ICRA

🕔16:25, 27.Nov 2020

Chennai, Nov 27  The risk premium for Basel III security instruments is expected to increase for weaker banks with the Reserve Bank of India (RBI) on Thursday asking Lakshmi Vilas Bank to write down Rs 318.20 crore of its Tier

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India’s Q2FY21 GDP contraction expected at (-)9.5%: ICRA

India’s Q2FY21 GDP contraction expected at (-)9.5%: ICRA

🕔07:26, 20.Nov 2020

New Delhi, Nov 20  As the economy recovers from the lows of pandemic-induced lockdown, the year-on-year contraction in India’s GDP is expected to narrow appreciably to (-) 9.5 per cent in Q2FY21 from (-) 23.9 per cent in Q1, said

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PV industry’s FY21 volumes expected to see 22-25% dip: ICRA

PV industry’s FY21 volumes expected to see 22-25% dip: ICRA

🕔08:08, 15.Oct 2020

New Delhi, Oct 15  Passenger vehicle industry’s FY21 volumes are expected to witness a 22-25 per cent decline, ratings agency ICRA said on Wednesday. “The industry segment’s fortunes are tied with the GDP growth rates and overall consumer sentiments which

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ICRA upgrades Yes Bank issued securities credit ratings

ICRA upgrades Yes Bank issued securities credit ratings

🕔15:09, 13.Sep 2020

Mumbai, Sep 13  Improving financial conditions has led ICRA to upgrade credit ratings on securities issued by the lender Yes Bank. The development comes months after the private lender’s financial position worsened and its board was superseded by the Reserve

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Sustained recovery, loan restructuring to save India Inc’s credit profile: ICRA

Sustained recovery, loan restructuring to save India Inc’s credit profile: ICRA

🕔07:38, 10.Sep 2020

New Delhi, Sep 10  Sustained sequential recovery, along with potential relief from loan restructuring, could prevent further weakening of India Inc’s credit profile, ICRA said on Wednesday. In a report, “From Moratorium to Loan Restructuring: The road ahead for India

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