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

New Delhi, April 17 | The operating margins of sugar companies are likely to moderate in FY22 due to higher production cost and reduced...

Improving collections, growth revival provide solace to MFIs: ICRA

New Delhi, April 15 | Improving collection efficiency and growth pick-up in H2FY21 is expected to help the MFI industry's long term prospects, ratings...

Asset quality headwinds to impact NBFCs performance in FY22: ICRA

New Delhi, April 14 | Domestic retail-assets under management (AUM) are facing asset quality headwinds which will moderate growth in FY21, ratings agency ICRA...

Covid spike to delay domestic air passenger traffic recovery: ICRA

New Delhi, April 14 | The recent spike in Covid-19 cases, along with re-iimposition of fresh restrictions, will adversely impact air passenger traffic in...

Strong bounce back witnessed for toll road assets: ICRA

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...

Spike in Covid cases pose challenge to aviation sector’s recovery: ICRA

New Delhi, April 6 | Spike in Covid cases poses a challenge for the aviation sector's recovery, said ratings agency ICRA.According to the agency,...

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

New Delhi, March 30 | India's passenger vehicle industry is expected to post a growth of 22 to 25 per cent in FY22, ratings...

BCD on solar PV cells to support OEMs: ICRA

New Delhi, March 14 | Imposition of basic customs duty (BCD) on imported solar PV cells and modules will support domestic OEMsm, ICRA said...

Soaring crude prices a credit negative for PSU OMCs: ICRA

New Delhi, March 5 | The PSU oil marketing companies (OMCs) may go slow in automatic pass through of rise in international crude oil...

India’s economic recovery in consolidation phase: ICRA

New Delhi, Feb 23 | India's economic recovery has entered into a consolidation phase in January 2021, ratings agency ICRA said on Tuesday.The agency...

Residential real estate witnessing K-shaped recovery: ICRA

New Delhi, Feb 22 | The residential realty sector is witnessing a K-shaped recovery, said ratings agency ICRA.As per an ICRA analysis, large listed...

Low base to accelerate FOCs growth in FY22: ICRA

New Delhi, Feb 13 | Luxury car segment financiers - Foreign passenger vehicle NBFC Captives (FOC) - are likely to see a pick-up in...

Duty cut could bring down domestic steel prices by 10%: ICRA

New Delhi, Feb 8 | Government's proposal to reduce import duty on steel products in Budget 2021-22 would make their imports more competitive and...

Negative ratings in Mar-Dec exceeds 5-year average: ICRA

New Delhi, Jan 27 | Negative rating actions by ICRA increased during March-December 2020 to about 13 per cent of the ratings agency's portfolio,...

Global LNG demand will be driven by Asia-Pacific: ICRA

New Delhi, Jan 26 | The global demand for LNG will be driven by the Asia-Pacific and particularly China, ratings agency ICRA said in...

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

New Delhi, Jan 18 | Even as the healthcare sector witnessed squeezing of revenues due to the Covid-19 pandemic, its long-term outlook remains stable...

Momentum for non-ferrous metal prices to continue for 12-15 months: ICRA

Mumbai, Jan 9 | Favourable momentum for non-ferrous metal prices is likely to continue for the next 12-15 months, ratings agency ICRA said in...

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

Mumbai, Jan 9 | The domestic demand for petroleum products is expected to increase at a healthy rate of 8 to 10 per cent...

NBFCs growth expected to revive in FY2022: ICRA

New Delhi, Jan 6 | AUM growth of non-banking companies, including NBFCs and HFCs, are expected to revive in FY22 to about 7-9 per...

Adequate order book to boost construction companies’ FY22 performance: ICRA

New Delhi, Jan 5 | Adequate order book position, along with strong pipeline of projects and government measures, are expected to boost construction companies'...

Steady provisioning to soften impact of slow infra credit resolution: ICRA

New Delhi, Jan 4 | Given the Covid-induced disruption, the trajectory of total infrastructure credit in India (banks and infrastructure finance non-bank companies) slowed...

Low base, leisure travel to lift FY22 domestic air passenger traffic:...

New Delhi, Jan 4 | Low base, along with rising leisure travel and gradual opening up of corporate offices, will accelerate the growth of...

Better asset quality to drive banks’ credit, earnings in FY22: ICRA

New Delhi, Dec 28 | Improved asset quality, along with lower credit provisions, could drive better profitability for banks and rejuvenate their lending decisions,...

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

New Delhi, Dec 26 | The Centre's new directive for industrial units in Delhi to switch over to PNG (piped natural gas) owing to...

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

New Delhi, Dec 17 | India's FY21 GDP is expected to contract at 7.8 per cent, ratings agency ICRA said on Thursday.As per the...

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

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...

RBI’s draft NBFC dividend policy unlikely to impact most players: ICRA

Mumbai, Dec 10 | The Reserve Bank of India's draft circular on dividend distribution by NBFCs is unlikely to impact most of the industry...

Domestic poultry industry likely to post healthy FY21 profits: ICRA

New Delhi, Dec 7 | The domestic poultry industry is expected to post healthy profits during FY21 after a near washout in profits in...

India’s aviation industry’s expected FY21 net loss at Rs 210 bn:...

New Delhi, Dec 3 | India's aviation industry is expected to report a net loss of Rs 210 billion in FY21, credit rating agency...

IWG recommendations could make banking attractive to private players: ICRA

New Delhi, Dec 3 | The recommendations made by Reserve Bank of India's internal working group (IWG) on ownership and corporate structure norms for...

Corporate India gradually reverts to normalcy from Q2FY21: ICRA

New Delhi, Dec 2 | The Indian corporate sector has witnessed a gradual recovery back to normalcy after experiencing major Covid-19 pandemic induced disruptions...

Risk premium for Basel III instruments to increase: ICRA

Chennai, Nov 27 | The risk premium for Basel III security instruments is expected to increase for weaker banks with the Reserve Bank of...

Gold jewellery retail industry expects demand recovery in H2FY21: ICRA

New Delhi, Nov 26 | The gold jewellery retail industry expects a demand recovery in H2FY21 driven by higher number of occasions like festivals...

Restocking exaggerated improvement in Oct’s economic performance: ICRA

New Delhi, Nov 24 | Restocking activity ahead of the festive season to satisfy pent-up demand had exaggerated the pace of improvement recorded by...

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

New Delhi, Nov 19 | As the economy recovers from the lows of pandemic-induced lockdown, the year-on-year contraction in India's GDP is expected to...

CV segment outlook remains negative, FY21 volumes to drop: ICRA Ratings

New Delhi, Nov 4 | ICRA Ratings on Wednesday said the outlook for the commercial vehicles (CV) segment remains 'Negative' on the back of...

Hotel industry’s recovery to pre-Covid levels profits 3 yrs away: ICRA

New Delhi, Oct 24 | The Indian hotel industry's recovery to pre-Covid levels profits is at least three years away, ratings agency ICRA has...

Bulk tea companies may see material improvement in FY21: ICRA

New Delhi, Oct 22 | Bulk tea companies are expected to witness material improvement in FY21 over the previous year, on the back of...

Expect continued government support to sugar sector: ICRA

New Delhi, Oct 20 | Ratings agency ICRA expects continued government support to the sugar sector due to surplus availability in the market.It expects...

Pandemic-hit fashion retailers to see revenue dip 35-42%: ICRA

New Delhi, Oct 6 | The coronavirus outbreak has adversely impacted the credit profile of the Indian retail industry as consumers deferred their discretionary...

Logistics growth to be driven by e-com among other sectors: ICRA

New Delhi, Oct 5 | The near-term growth of the Covid-19-battered logistics sector is expected to be driven by specific segments like e-commerce, ratings...

FY21 central tax devolution to states expected to fall by over...

New Delhi, Oct 2 | Ratings agency ICRA has estimated that central tax devolution (CTD) to the states will be 36.2 per cent lower...

Electric vehicles penetration to remain low in medium term: ICRA

New Delhi, Sep 21 | Absence of strong direct and indirect financial stimulus from the government to encourage electric vehicles (EVs) adoption will restrict...

Govt’s stake divestment to be credit negative for PSBs: ICRA

New Delhi, Sep 17 | The proposed divestment of the Centre's majority stake in certain PSBs will be credit negative for these lenders, ratings...

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

New Delhi, Sep 9 | Sustained sequential recovery, along with potential relief from loan restructuring, could prevent further weakening of India Inc's credit profile,...

Tile players’ turnover likely to decline 15-25% in FY21: ICRA

New Delhi, Sep 7 | The Covid-19 pandemic has exacerbated weakness in the domestic tile demand, following the negative impact on its end-consumer industry,...

PNGRB may allow restoration period for city gas providers: ICRA

New Delhi, Sep 7 | Apart from the new 'Force Majeure' (FM) guidelines, the Petroleum and Natural Gas Regulatory Board may allow for a...

Covid-19 to impact housing credit growth, dent HFCs: ICRA

New Delhi, Aug 20 | The Covid-19-induced slowdown is likely to pull down the growth of housing credit, thereby impacting housing finance companies (HFC).As...

Delhi’s EV policy 2020 to trigger faster EV penetration: ICRA

New Delhi, Aug 18 | Subsidies offered under the Delhi government's recent electric vehicle (EV) Policy 2020 for retail consumers could trigger faster EV...

Minimal impact of Covid-19 on Indian pharma industry: ICRA

New Delhi, Aug 7 | The domestic pharma industry is expected to grow at a 4-6 per cent in FY-2021 owing to Covid impact,...

Business

Airtel Payments Bank increases day-end balance limit to Rs 2 lakh

New Delhi, April 18 | In line with the Reserve Bank of India's (RBI) guidelines, Airtel Payments Bank on Sunday announced that it has...