December 11, 2018 08:40 PM IST
The share of renewable energy in the generation mix has increased from 5.6 percent in FY2015 to 7.8 percent in FY2018.
December 06, 2018 07:45 AM IST
"ICRA has given a stable outlook for the port sector, in its year-end assessment. The prospects for the Indian port sector players in the medium term are expected to be favourable, supported by continuing healthy growth in cargo of major volume drivers - Coal, Crude and Containers," the rating agency said in a statement.
December 04, 2018 04:01 PM IST
The rating agency also said that expectations of lenient production curbs in China during winter months and rising steel output amid a seasonal moderation in demand have led to a steep correction in Chinese steel prices in November.
December 03, 2018 02:17 PM IST
ICRA expects the current account deficit to widen sharply to USD 19-21 billion or 3 percent of GDP in Q2 (July-September) FY2019, from the modest USD 7 billion in Q2 FY2018, led by higher crude oil prices and gold imports, the credit rating agency said in a statement.
December 03, 2018 02:17 PM IST
ICRA, which had earlier projected a growth of 8-9 percent, however, maintained stable outlook on domestic passenger vehicles (PVs) industry for the year.
November 29, 2018 07:06 PM IST
Developers with a proven track of deliveries at the brink of recovery but uncertainties pertaining to elections, rising interest rates, funding challenges and sluggishness in overall economy persist
November 20, 2018 06:57 PM IST
Official data on quarterly growth will be released at the end of this month.
November 15, 2018 11:10 PM IST
Downgrading the bank, the agency said profitability of the bank will remain weak in the medium- to near- term even after the planned merger with Capital First and added that high cost wholesale liabilities are also a concern.
November 12, 2018 10:48 PM IST
After the bankruptcy laws were passed in May 2016, the number of pending corporate insolvency case under the IBC rose to 816 as of the September quarter, from 723 in the June quarter, according to the Icra report.
November 01, 2018 09:43 AM IST
SEBI is also planning to bring a framework on compensation for rating agencies to ensure that there is a disincentive for them to assign aggressive ratings
October 23, 2018 09:11 PM IST
The concerns in the domestic market pertain to price control and mandatory genericisation, rating agency Icra said in its report, which sampled 21 firms in the industry.
October 17, 2018 02:12 PM IST
Stocks with a combination of fundamental factors, such as high and consistent ROCE (return on capital employed), increasing or stable operating margin, positive free cash flow and low leverage, qualify as quality stocks.
October 01, 2018 07:00 PM IST
A source told Moneycontrol that SEBI is deciding if it should probe to see whether proper due diligence was carried out by the rating agency at the time of assigning credit ratings.
September 28, 2018 05:26 PM IST
The government had increased basic customs duty on import of passenger car radial (PCR) tyres, from 10 percent to 15 percent effective from September 27, 2018.
September 25, 2018 03:17 PM IST
The agency has also downgraded the ratings of various debt instruments to 'BB'. Rival rating agency Icra had last month junked the ratings of most of the group companies.
September 19, 2018 12:12 PM IST
Managerial personnel on an average received a pay hike of 66 percent in FY18 while the rest of its employees received a median remuneration of 4.44 percent, according to the company’s annual report
September 18, 2018 08:55 AM IST
This is the second successive downgrading to junk status by ICRA in a fortnight.
September 17, 2018 08:33 PM IST
It has downgraded the long-term rating for the bank's Rs 3,000-crore Basel III compliant tier II bonds to A+ from AA- and Rs 1,200-crore Basel II compliant lower tier II bonds to A+ from AA-.
September 17, 2018 06:49 PM IST
In terms of output, the world cashew kernel production is led by Vietnam and India.
September 17, 2018 05:35 PM IST
It has downgraded the long-term rating for the bank's Rs 3,000-crore Basel III compliant tier II bonds to A+ from AA- and Rs 1,200-crore Basel II compliant lower tier II bonds to A+ from AA-.
September 10, 2018 07:50 PM IST
Ernakulam, the largest tourism and industrial contributor to the state economy, was severely damaged, with the major Kochi airport shutting down for two weeks.
September 05, 2018 09:16 PM IST
The weaker rupee is also likely to translate to higher landed cost of steel imports, which in turn should support domestic prices, rating agency Icra said in its report.
September 05, 2018 12:15 PM IST
The long-term ratings of the airline's borrowing programmes have been downgraded to "BB from BB+ with negative outlook", Icra said in a release.
September 04, 2018 06:47 PM IST
The exports have seen a sharp de-growth of 14 percent year-on-year in the first four months of this financial year, rating agency Icra said in its report.
September 03, 2018 09:53 PM IST
In June 2018, IRDAI approved life insurance major LIC's proposal to take over 51 percent stake in IDBI.
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