Ind-Ra

According to RBI data on external debt released, short-term debt on a residual maturity basis accounted for 44.1% of foreign exchange reserves at the end of March 2022

Domestic auto ancillary sector's revenue is expected to grow at 10-15 per cent year-on-year (YoY) in FY23.

The crisis is expected to increase prices of mineral fuels and oils, gems and jewellery, edible oils and fertilisers

"The revision was made due to better-than-expected growth in revenue receipts and higher growth in the nominal GDP in FY22," the agency said

The ratings agency cited that reduction in logistics issues for export demand will aid in keeping healthy demand

Covid-19's third wave is expected to have a benign impact on the hotel industry due to lesser restrictions along with the sector's pro-active preparation, said India Ratings and Research (Ind-Ra).

Ind-Ra has maintained a 'neutral' outlook for the power sector for FY23 and expects the demand growth to come back to a normal level of 6 to 7 per cent in the next fiscal year.

New stock arrivals as well as the Omicron Covid-19 variant's expected impact on demand is likely to arrest any further rise in cotton prices during the short-term, said India Ratings and Research

Rising Covid cases globally have the potential to impact capital flows as well as heighten inflation, said India Ratings and Research (Ind-Ra)

India Ratings and Research (Ind-Ra) on Wednesday said it has upgraded Tata Steel's long-term issuer rating to 'AA+' from 'AA'.

India Ratings on Thursday said it will make ESG disclosures an integral part of its rating commentary from next month to help investors understand how their money is being put to use

Short-term power prices are likely to remain elevated in the near term on account of a continued increase in imported coal prices, according to rating agency Ind-Ra. It noted that a large part of the increased power generation would continue to be met through coal-based plants, although coal output is not increasing to the desired level. This is reflected in low inventory stocks at power plants, and therefore, a part of the increased energy demand will have to be met through imported coal, Ind-Ra said. In light of the expected high imported coal prices, the short-term power prices in India are likely to remain elevated, it stated. The speedy recovery in power demand post the second wave of COVID-19 infections, coupled with lower than adequate domestic coal production, led to a reduction in coal inventory levels at various power plants, it said. The coal production by Coal India increased marginally to 209.2 million tonne (mt) in April-August period of the ongoing fiscal year as ..

The rating agency has kept its FY22 credit growth estimates unchanged at 8.9% for FY22

In FY22, Ind-Ra expects growth for NBFCs to be maintained in the range of 9%-10%

In May 2021, the rating agency had predicted that overall the microfinance sector's collections could drop by a cumulative 10-15 per cent during the month compared to March 2021

Ind-Ra has said its earlier estimate of gross domestic product (GDP) growth at 10.1 per cent for the current financial year (FY22) is unlikely to hold due to the speed and scale of Covid 2.0

This is lower than an earlier estimate of 10.1 per cent

The second wave of the Covid-19 pandemic has interrupted the sales momentum recorded by the automobile industry in Q3-Q4 FY21, India Ratings and Research (Ind-Ra) said on Tuesday

The Central government is expected to keep impetus on roads, irrigation and water works segments for tendering in near term, said India Ratings and Research.

The allocation of Rs 4,500 crore towards solar modules manufacturing industry can benefit sales of 20 gigawatts from capacity developed under the production linked incentive scheme, Ind-Ra estimates