Page 11 - Icra

Affordable housing loan defaults surge to 7.2%, says rating agency Icra

The ultimate losses to lenders could be limited, given the secured nature of loans

Outlook for Indian road logistics sector remains stable: ICRA

Improved economic activities in second quarter of the ongoing fiscal year will spur growth momentum for the road logistics sector in the second half of the year

Power stocks extend gain as demand seen rising; Tata Power up 26% in a week

The rating agency ICRA has revised energy demand growth outlook upwards from 8 per cent to 8.5 per cent for 2021-22

ICRA flags asset quality pressure risk for IDBI Bank due to pandemic

The agency upgraded the rating for the Mumbai-based private lender's bonds, debentures and tier-II capital instruments from "A" to "A+"

IDBI Bank hits 52-week high, rallies 24% in 4 days on rating upgrade

The bank in an exchange filing said ICRA has upgraded its existing rating to ICRA A+ from ICRA A for Infrastructure bonds, Flexi Bond, Senior & Lower Tier II bonds and Subordinate debt

Centre won't hit market to make up for GST compensation shortfall

To borrow Rs 5.03 trillion in Oct-March 2022

Icra revises up India's fiscal 2022 GDP growth forecast to 9%

Icra said it expects the second half of the fiscal year to have brighter prospects.

High frequency indicators turn 'uneven' in Aug as unlock benefits taper

The performance of the high-frequency indicators in August 2021 was decidedly uneven, especially when compared to the pre-COVID levels

India's festival season could bring pick up in demand, says ICRA

India's upcoming festive season raises hopes for consumer demand picking up, rating agency ICRA said in a note on Monday

Formal sector, administration raises tax kitty 29% in Apr-July from FY20

Year-on-year, the collections grew by 83%. This growth was misleading since it comes on a 30% drop in tax mop-up a year earlier

Securitisation volumes to jump 50% to Rs 1.3 trillion in FY22: Report

Icra on Thursday said domestic securitisation volumes are expected to be higher in the second half of the fiscal, which will result in a 40 per cent jump in overall volumes to Rs 1.3 trillion in FY22

Telecom tower companies to face 180,000 tenancy losses if VIL exits: Icra

Vodafone Idea's financial stress underlined by mounting losses and rising debt is likely to impact its financial lenders and have a bearing on employees and subscribers, ICRA said on Monday

Steel sector outlook revised to positive on continued earnings uptick: Icra

Given the strong earnings growth and capex curtailments following the pandemic-related uncertainty, steelmakers started to aggressively deleverage since the second quarter of FY2021

GIC Housing Finance's bad loans spike to 11.4% in Q1, solvency weakens

The deterioration in the asset quality would further impact GICHF's earnings profile, and consequently, its internal capital generation

Auto parts industry may see 20-23% jump in revenue this fiscal: Report

The auto components industry is expected to log 20-23 per cent revenue growth during this fiscal, supported by recovery in the domestic automobile sector and robust exports, with all segments (passenger vehicles, two-vehicles and commercial vehicles) likely to report healthy double-digit growth in 2021-22, credit ratings agency ICRA said on Thursday. However, prices of key commodities and shortage of semi-conductors remain the key concerns for the industry, it said. The domestic auto component industry has seen a smart recovery during the first quarter of this fiscal, driven by strong exports and revival of domestic demand in June, ICRA said in a statement. Most domestic automobile segments, especially passenger vehicles (PVs) and tractors, continue to witness strong demand and are almost at pre-COVID-19 levels. Even the M&HCV (medium and heavy commercial vehicle) segment, which was impacted during the April quarter, is also now showing signs of recovery, it said. ICRA's sample ..

Roots of economic recovery deepen in July as Covid restrictions ease: ICRA

With the easing of Covid-19-related restrictions by the states, the roots of the economic recovery deepened in July 2021, says a report.

ICRA revises GE Power India's outlook to negative from stable

ICRA has reaffirmed A-plus rating on GE Power India Ltd (GEPIL) but said the outlook revision to negative from stable on the bank lines is driven by deterioration in credit profile

GDP growth may be overestimated at 20% in first quarter, says Icra

It cautioned that the organised sector is expected to have gained at the cost of the less formal space during the first quarter of the current financial year

Discoms' projected Rs 90,000 cr loss 'grossly inflated': Power ministry

ICRA in March in an analysis had indicated that discom losses will increase to Rs 90,000 crore in FY21, under a particular scenario

Speculations of discom loss levels at Rs 90,000 cr grossly inflated: Govt

PAT figure for FY20 almost half of the negative Rs 60,000 crore projected by ICRA for FY20, says Ministry of Power