Page 10 - Icra

Rising input costs to hit cement companies' margins by 200-230 bps: ICRA

Rise in input costs for cement manufacturers is expected to hit the sector's overall operating margins by 200-230 basis points in FY22, ratings agency ICRA said

ICRA cuts growth forecast for passenger vehicle industry to 8-11% for FY22

For the two-wheeler segment, it said the volumes are expected to contract by 1-4 per cent in FY2022 against an earlier prediction of 6-8 per cent growth

Domestic two-wheeler volume to shrink 1-4% YoY this fiscal: ICRA

Domestic two-wheeler (2W) volume is expected to shrink by 1-4 per cent year-on-year this fiscal, impacted by relentless increase in 2W prices as well as record high petrol cost, ICRA has said

Major tea companies clock lower profits as prices fall, costs rise

A report by Icra said that tea prices remained strong in Q1FY22 and started sliding with the onset of the peak production months of the current year

Rating agency ICRA revises India's Q2FY22 GDP growth to 7.9%, up by 20 pts

Rating agency ICRA has revised India's gross domestic product (GDP) for Q2 FY22 upward by 20 basis points to 7.9 per cent.

Icra ups Q2 GDP growth estimate to 7.9% after jump in govt spending

A jump in government spending in September has led Icra to upgrade its GDP growth estimate for the second quarter of FY2021-22 to 7.9%

Rating agency ICRA places Spandana Sphoorty Financial's bond under watch

CEO, CFO exit may impact operations in near term

Top Headlines: Jio protests 5G auction plan, ICRA downgrades Bandhan Bank

Six major automakers commit to phasing out the production of fossil-fuel vehicles around the world by 2040. More in top headlines at this hour.

ICRA downgrades rating outlook on Bandhan Bank to 'negative'

Stress in small business loans triggers action

Domestic air passenger traffic rises 67% to around 8.8 mn in Oct: ICRA

Domestic air passenger traffic grew by a whopping 67 per cent year-on-year at around 87-88 lakh in October, on the back of festive season demand amid continuous fall in the number of COVID-19

ICRA upgrades tier I, II bonds of Canara Bank and Punjab National Bank

The solvency is expected to get a further boost from expectations of steady internal capital accruals, the rating agency said in a statement

Stocks to Watch: RIL, HDFC AMC, ICRA, SRF, Tech Mahindra, Ceat, ICICI Bank

The markets are likely to react to Reliance and ICICI Bank results at the opening bell today

ICRA MD & CEO N Sivaraman resigns

Ramnath Krishnan has been appointed as new MD

Performance of high frequency indicators moderated in September: ICRA

The YoY performance of 14 of the 15 high frequency indicators (except non-food bank credit) worsened in September compared to August this year, ICRA said.

Coal availability to power plants likely to improve gradually in Oct: ICRA

Domestic rating agency Icra on Wednesday said it expects the availability of coal to power plants to improve gradually during the current month with expected augmentation in both coal production and dispatch levels. "We expect the coal availability to improve gradually during October month with expected ramp-up in both coal production & dispatch levels, also given the seasonality in energy demand moderation expected from November month," Sabyasachi Majumdar, Senior Vice President & Group Head - Corporate Sector Ratings, ICRA said. As a result, thermal plant availability for majority of IPPs/gencos having long-term PPAs (power purchase agreements) is unlikely to remain below 85 pe cent on annual basis and thus, any adverse impact on the credit profile is unlikely, given the two-part nature of long-term PPAs with recovery of fixed charges linked to availability of 85 per cent, Majumdar said. While energy demand grew sharply with at 12.7 per cent Y-o-Y in the first half of FY'22,

Fertiliser subsidy in rabi season to benefit farmers, industry: ICRA

Rating agency ICRA has termed the government's decision to provide a special one-time package for extra subsidy on DAP fertiliser as positive for farmers as well as the industry, and said the availability of key nutrients will improve in the coming months. On Tuesday, the government announced a net subsidy of Rs 28,655 crore on Phosphatic and Potassic (P&K) fertilisers for the October-March period of this fiscal to ensure that farmers get nutrients at affordable prices during the rabi sowing season. The Cabinet Committee on Economic Affairs (CCEA) has approved the Nutrient-Based Subsidy (NBS) rates for P&K fertilisers for October 2021 to March 2022. In a statement, the rating agency said the Centre has approved a special one-time package for pay-out of additional subsidy for DAP and three most consumed NPK grades. The subsidy rates under the NBS scheme have been kept unchanged from the announcement made in May 2021. However, an additional pay out of Rs 438/bag (Rs 8,760 per ...

Cement demand to remain strong in FY22 on rural, infra requirement: Icra

Capacity additions to keep utilisation levels under check in FY22, FY23

Icra slashes growth forecast for auto parts industry to 17-20% for FY22

Icra cited the impact of semiconductor shortage on domestic vehicle manufacturers as well as on exports revenues

Festive season trends, Q2 GDP growth will set the stage for policy stance

We remain cautious that reviving demand could embolden pricing power, allowing a faster transmission of the supply-side pressures to core inflation

Icra says FY22 port cargo volumes to remain robust, exceed pre-Covid level

During April-August period all segments, except fertilisers, posted healthy year-on-year growth; better numbers can be attributed to base effect