Earlier, ICRA had predicted a contraction of around 1-2 per cent.
The recent COVID-19 lockdown has impacted domestic poultry industry severely with fourth quarter (January to March) being the worst in re...Read More
Domestic passenger vehicle (PV) dispatches are likely to decline by 10-12 per cent in the current financial year due to COVID-19 pandemic...Read More
Some also said less than half of the package was actually new, as a majority of the relief was already announced in the Budget.
The year-on-year credit growth of banks is likely to fall below 6% in 2020-21 (Apr-Mar), due to economic slowdown caused by spread of dea...Read More
Shares of Yes Bank dropped by 14.41 per cent on Wednesday afternoon even as ICRA upgraded its commercial papers and placed them on rating...Read More
By FPJ Web Desk
The ICRA on Friday downgraded the creditworthiness of the Future Group. In a March 20 report released by the company it cited the "contin...Read More
As per the data furnished by the Society of Indian Automobile Manufacturers (SIAM), the sector's total sales declined to 1,646,332 units ...Read More
China accounts for 27% of India's auto component imports valued at $4.8 billion and, the impact is estimated to be higher for high value-...Read More
The agency assesses the compensation for the losses related to the goods and services tax (GST), required by all the states for the perio...Read More
Accordingly, the ratings agency expects a further deterioration in the growth rate of India's GDP and the gross value added
New Delhi: The 5 per cent DA increase for the government employees and pensioners could result in a mild rise of their disposable incomes...Read More
New Delhi: ICRA Ratings has estimated Coal India Ltd's (CIL's) production to fall short of its current fiscal's full-year target of 660 m...Read More
New Delhi: Rating agency Icra on Monday said its outlook for the domestic commercial vehicle industry remains negative for the rest of th...Read More
New Delhi: Rating agency ICRA on Wednesday said profitability and return on assets (RoA) of public sector banks (PSBs) are likely to rema...Read More
New Delhi: Rating agency ICRA on Tuesday said though domestic apparel exports are expected to remain in the positive zone during rest of ...Read More
New Delhi: The cumulative revenue growth of 642 companies in Indian corporate sector skidded to an 11-quarter low at 5.7 per cent in the ...Read More
This is likely to support near-term profitability for cement mills, ICRA said in a research note
At the same time, the company's non-fund based limits rating has been downgraded to ICRA A4 plus from ICRA A3.
ICRA has downgraded tea producing company McLeod Russel India's credit rating to default for borrowings worth Rs 1,031.09 crore