Icra

Two wheeler volumes to contract 16-18 pc this fiscal due to COVID-19 situation: ICRA

Two wheeler volumes to contract 16-18 pc this fiscal due to COVID-19 situation: ICRA

Rating agency ICRA on Wednesday said it expects 16-18 per cent contraction in two wheeler volumes in the current fiscal."ICRA continues t...Read More

Apparel exporters' turnover to dip 25% in FY21, domestic retailers to see 40% revenue fall: Icra

Apparel exporters' turnover to dip 25% in FY21, domestic retailers to see 40% revenue fall: Icra

Indian apparel exporters are likely to see a decline of 20-25 per cent in their turnover in 2020-21, while those focused on domestic mark...Read More

Sustainability of recovery in domestic ports business a concern: Icra

Sustainability of recovery in domestic ports business a concern: Icra

The sustainability of recovery trend in the domestic ports business remains a concern and the sector is not out of the woods yet, even as...Read More

Icra sees early green shoots of recovery for Indian steel industry

Icra sees early green shoots of recovery for Indian steel industry

The domestic steel industry is witnessing early green shoots of recovery from the second quarter of ongoing fiscal, rating agency Icra sa...Read More

Negative rating actions on companies rise in first half of current fiscal amid pandemic: ICRA Mumbai

Negative rating actions on companies rise in first half of current fiscal amid pandemic: ICRA Mumbai

Negative rating actions on companies increased to 32 per cent in the first half of the current financial year from 23 per cent in the yea...Read More

IL&FS case: Sebi raises penalty to Rs 1 cr each on 3 rating agencies

IL&FS case: Sebi raises penalty to Rs 1 cr each on 3 rating agencies

The crisis at diversified IL&FS, whose board was superseded by the government, came to light in September 2018 and since then, the compan...Read More

IL&FS case: Sebi raises penalty to Rs 1 crore each on ICRA, CARE

IL&FS case: Sebi raises penalty to Rs 1 crore each on ICRA, CARE

Markets regulator Sebi on Tuesday enhanced the penalty amount to Rs 1 crore each on rating agencies ICRA and CARE in connection with laps...Read More

Electric vehicles penetration to remain low in medium term: ICRA

Electric vehicles penetration to remain low in medium term: ICRA

Absence of strong direct and indirect financial stimulus from the government to encourage electric vehicles (EVs) adoption will restrict ...Read More

Fragmented economic recovery underway, more setbacks likely: ICRA

Fragmented economic recovery underway, more setbacks likely: ICRA

The high-frequency lead indicators suggest that a fragmented recovery of the Indian economy is underway, investment information firm ICRA...Read More

State ownership helps deposit franchise of PSBs, divesting majority stakes a 'credit negative': Icra

State ownership helps deposit franchise of PSBs, divesting majority stakes a 'credit negative': Icra

Divesting majority stake in state-run lenders by the government will be "credit negative" for such public sector banks (PSBs), a domestic...Read More

ICRA upgrades rating of Yes Bank’s debt instrument

ICRA upgrades rating of Yes Bank’s debt instrument

Rating agency ICRA has upgraded ratings of Yes Bank’s securities. The rating upgrade factors in the sizable capital raise of Rs 15,000 cr...Read More

States may cut FY21 capex by Rs 3 lakh crore due to GST shortfall: ICRA

States may cut FY21 capex by Rs 3 lakh crore due to GST shortfall: ICRA

New Delhi [India], Sep 10 (ANI): States may have to significantly cut their expenditure by as much as Rs 3.4 lakh crore in the current fi...Read More

State govts' FY21 deficit seen from 4.25 to 5.52% of GSDP: ICRA

State govts' FY21 deficit seen from 4.25 to 5.52% of GSDP: ICRA

State governments' deficit is seen in the range from 4.25 per cent up to 5.52 per cent of the gross state domestic product (GSDP) in the ...Read More

Airlines profitability to be eroded due to lower revenues, high fixed costs: ICRA

Airlines profitability to be eroded due to lower revenues, high fixed costs: ICRA

Domestic air passenger traffic is likely to witness a de-growth of 41 to 46 per cent in the current financial year while international tr...Read More

Air passenger traffic grows around 25 % sequentially in Aug: Icra

Air passenger traffic grows around 25 % sequentially in Aug: Icra

Passenger traffic on year-on-year basis, however, plunged by 77% in August, Icra said.

Corporate revenues slides 31% in Q1, profit margin drop not as stark: Icra

Corporate revenues slides 31% in Q1, profit margin drop not as stark: Icra

Domestic rating agency Icra analysed financial results of 489 companies to arrive at the conclusion.

Indian road sector picking up pace amid COVID-19: Report

Indian road sector picking up pace amid COVID-19: Report

Indian road sector is picking up pace despite multiple headwinds and government's relief measures have helped road contractors, rating ag...Read More

India's Q1FY21 GDP might shrink by 25%, says ICRA

India's Q1FY21 GDP might shrink by 25%, says ICRA

India's Q1FY21 GDP is expected to contract by 25 per cent, ratings agency ICRA said on Tuesday.ICRA pegged the contraction in Indian GDP ...Read More

COVID-19 pandemic impact to be severe, prolonged for aviation, hospitality, retail: ICRA

COVID-19 pandemic impact to be severe, prolonged for aviation, hospitality, retail: ICRA

The coronavirus pandemic will significantly impact performance of companies and it is likely to be severe and prolonged for select sector...Read More

Q1 FY 2021 to be a washout quarter for India Inc, says ICRA

Q1 FY 2021 to be a washout quarter for India Inc, says ICRA

Pressure on earnings and credit profiles are expected to continue over FY2021

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