Icra

Economy likely to contract by 5% in FY21: ICRA

Economy likely to contract by 5% in FY21: ICRA

Earlier, ICRA had predicted a contraction of around 1-2 per cent.

COVID-19 jolts poultry industry in Q4 FY20, de-growth of 4 to 5% projected

COVID-19 jolts poultry industry in Q4 FY20, de-growth of 4 to 5% projected

The recent COVID-19 lockdown has impacted domestic poultry industry severely with fourth quarter (January to March) being the worst in re...Read More

Covid-19: Passenger vehicle dispatches may fall by 10-12% in FY21, says Icra

Covid-19: Passenger vehicle dispatches may fall by 10-12% in FY21, says Icra

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

GDP estimates: Icra pegs at -1%, Nomura -0.5%, Barclays at 0%

GDP estimates: Icra pegs at -1%, Nomura -0.5%, Barclays at 0%

Some also said less than half of the package was actually new, as a majority of the relief was already announced in the Budget.

Banks' year-on-year credit growth to fall below 6% in FY21: ICRA

Banks' year-on-year credit growth to fall below 6% in FY21: ICRA

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

ICRA upgrades Yes Bank ratings, but stock falls by 14 pc

ICRA upgrades Yes Bank ratings, but stock falls by 14 pc

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

Credit ratings company ICRA downgrades Future Group to 'junk category'

Credit ratings company ICRA downgrades Future Group to 'junk category'

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

Economy slowdown: February automobile sales decline by over 19%

Economy slowdown: February automobile sales decline by over 19%

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

Indian auto space to be negatively impacted from Coronavirus outbreak: ICRA

Indian auto space to be negatively impacted from Coronavirus outbreak: ICRA

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

GST compensation fund likely to fall short by Rs 25K cr: Icra

GST compensation fund likely to fall short by Rs 25K cr: Icra

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

Growth rate to slowdown in Q2FY20 to 4.7%: ICRA

Growth rate to slowdown in Q2FY20 to 4.7%: ICRA

Accordingly, the ratings agency expects a further deterioration in the growth rate of India's GDP and the gross value added

DA hike may boost festive small ticket durables consumption: ICRA

DA hike may boost festive small ticket durables consumption: ICRA

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

Coal India likely to miss FY20 production guidance: ICRA

Coal India likely to miss FY20 production guidance: ICRA

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

Domestic CV sales to remain subdued in current fiscal: Icra

Domestic CV sales to remain subdued in current fiscal: Icra

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

PSBs profitability and RoA to be low in current financial year: ICRA

PSBs profitability and RoA to be low in current financial year: ICRA

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

Multiple threats looming on Indian apparel exports: Report

Multiple threats looming on Indian apparel exports: Report

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

India Inc's revenue growth skids to 11-quarter low of 5.7%: ICRA

India Inc's revenue growth skids to 11-quarter low of 5.7%: ICRA

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

Cement demand to cool down in current financial year: ICRA

Cement demand to cool down in current financial year: ICRA

This is likely to support near-term profitability for cement mills, ICRA said in a research note

ICRA withdraws rating assigned to borrowing programme of MEP Infrastructure

ICRA withdraws rating assigned to borrowing programme of MEP Infrastructure

At the same time, the company's non-fund based limits rating has been downgraded to ICRA A4 plus from ICRA A3.

McLeod Russel India's rating downgraded

McLeod Russel India's rating downgraded

ICRA has downgraded tea producing company McLeod Russel India's credit rating to default for borrowings worth Rs 1,031.09 crore

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