ICRA
- India
High crude prices can spike petrol, diesel prices by over Rs 6 per litre: ICRA
New Delhi: High crude oil prices, due to geo-political concerns, can spike petrol, and diesel prices by Rs 6 to Rs 8 per litre, ratings agency ICRA said. According to the ratings…
- Business
Banks’ improved NPA recovery, declined loan provisioning to continue in 2022: ICRA
New Delhi: The recent improvement in recovery of the non-performing assets and decline in provisioning of loans in the banking sector are expected to improve further in the coming year, rating agency…
- Business
Ease in travel restrictions to raise airport infra sector’s profits: ICRA
New Delhi: Ease in travel restrictions post the lockdown is expected to raise the airport infrastructure sector’s operating profits in FY22, ICRA said on Wednesday. However, the outlook for the sector continues…
- India
Domestic air passenger traffic accelerates in October: ICRA
New Delhi: Lower Covid-19 infections, along with festive demand, boosted domestic air passenger traffic growth on both sequential as well as on year-on-year basis in October, ratings agency ICRA said. Domestic air…
- India
Spike in Covid cases pose challenge to aviation sector’s recovery: ICRA
New Delhi: Spike in Covid cases poses a challenge for the aviation sector’s recovery, said ratings agency ICRA. According to the agency, domestic passenger traffic in March 2021 has been estimated at 77-78…
- India
New rules for H-1B visa mild negative for Indian IT services: ICRA
New Delhi: The proposed changes in H-1B application selection process by US Citizenship and Immigration Services (USCIS) are prospective in nature but will have a minor adverse impact on the margins of…
- Business
ICRA projects muted growth for brokerage industry in near term
New Delhi: Investment information firm ICRA estimates the brokerage industry revenue growth rate to remain muted at two to five percent compared to year-on-year growth of three percent in FY19 and 30…
- Business
ICRA maintains negative year-end outlook for telecom industry
New Delhi: Investment information and rating agency ICRA has maintained a negative outlook for the Indian telecom industry which is grappling with adjusted gross revenue (AGR) dues, notwithstanding the green-shoots of recovery.…
- Business
ICRA cuts rating of Coffee Day’s long-term loans to ‘D’
New Delhi: ICRA has downgraded the long-term rating assigned to Rs 315 crore term loans of Coffee Day Enterprises Ltd (CDEL) to D with negative outlook from BB plus. The rating action…
- Business
ICRA withdraws rating assigned to MEP’s Infrastructure programme
Mumbai: Rating agency ICRA has withdrawn the rating for MEP Infrastructure Developers’ bank limit of Rs 50 crore due to slower than anticipated progress in six under-construction hybrid annuity mode (HAM) road portfolio. At the…
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ICRA withdraws rating assigned to borrowing program
Mumbai: Rating agency ICRA has withdrawn the rating for MEP Infrastructure Developers’ bank limit of Rs 50 crore due to slower than anticipated progress in six under-construction hybrid annuity mode (HAM) road…
- Business
Changes in bidding norms for wind power to add capacity: ICRA
New Delhi: The government’s recent move to change guidelines for awarding wind power projects is a positive move for developers who are experiencing significant delays in project execution due to issues like…
- Business
Current account deficit to print at $16-17 billion in Q1 FY20
New Delhi: India’s current account deficit (CAD) is expected to remain largely steady at 16 billion to 17 billion dollars or 2.3 per cent of GDP in the first quarter (April to…
- Business
Brickwork downgrades IFCI’s credit ratings to BBB plus with negative outlook
Mumbai: Brickwork Ratings has downgraded credit ratings of government-owned specialised financial institution IFCI Limited’s long-term debt instruments, non-convertible debentures and bonds from BWR A minus to BBB plus with a negative outlook.…
- Business
Disinvestment plan key to avert revenue slippages in FY 20: ICRA
New Delhi: The speed with which government’s disinvestment programme kicks off as well as interest shown by potential buyers in public sector units being offered for strategic sale will be crucial to…
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