Page 14 - Icra

Covid-19 second wave induced sequential slackening a concern: ICRA

Sequential growth slackening driven by the second wave of Covid-19 in India has emerged as a concern, ratings agency ICRA said.

Mining, construction equipment industry may grow by 15-20% in 2021: ICRA

ICRA said the mining and construction equipment industry is likely to grow by 15-20 per cent in the calendar year 2021

RBI recent measures to boost healthcare infrastructure, says ICRA

Availability of funds due to recent measures announced by the Reserve Bank of India (RBI) can result in increased capacities: ICRA

Domestic air traffic fell 29% in April over second Covid-19 wave: Icra

On May 3 the daily passenger traffic fell below 100,000 for the first time since last September

Microfinance collections may dip 8-10% sequentially in April: Icra

Healthy liquidity buffers maintained by most entities provide some comfort

Icra cuts its FY22 GDP estimate by 0.5%, sees economy expanding by 10.5%

The agency now expects the economy to grow 10-10.5 per cent in 2021-22, against the 10-11 per cent estimated earlier.

Normal monsoon to boost stocks of agri-related companies, cool inflation

Agriculture activity, according to recent channel checks by Prabhudas Lilladher, is expected to continue at a strong pace in FY22

Spike in Covid-19 cases to delay recovery in air passenger traffic: Report

With the rise in the cases across metros, new restrictions cannot be ruled out that could further impact the traffic movement, ICRA said.

Recovery sustains in telcos' operating metrics; debt a big impediment: ICRA

ICRA on Monday said it expects steady recovery in telecom sector to sustain by way of ARPU expansion which is likely to boost revenues

Strong bounce back witnessed for India's toll road assets, says ICRA

India's toll roads are likely to witness a 14-15 per cent growth in collections in FY22: report

Fresh curbs imposed in Maha may impact festive season auto sales: Icra

The fresh restrictions imposed in Maharashtra to contain the second wave of COVID-19 are likely to impact the festive season auto sales, as Navaratri and Gudi Padwa are falling in April, according to rating agency Icra. These two festivals account for a sizeable chunk of the annual vehicle sales across the country, especially in Maharashtra, it said. Gudi Padwa, which is a major festival of Maharashtra, will be celebrated on April 13, while Navrarati will also begin on the same day. The Maharashtra government earlier this week announced a slew of restrictions, including night curfews and weekend lockdowns to curtail the rapid spread of the pandemic. The state government has imposed stricter restrictions to curb the rapid spread of COVID-19 infections. Automobile dealerships, which are also covered under Shops & Establishment Act might have to remain shut till April 30, Icra vice president Ashish Modani said in a statement on Friday. "Festive periods like Navratri and Gudi-Padwa ..

Gas producers continue to bleed as govt-dictated prices remain low: Icra

Natural gas production remains a loss-making proposition for most fields for the Indian upstream producers

Overhang looming on NCR residential real estate market, says ICRA

With unsold inventory surging to around 222 million sq.ft across 170,000 units and annual absorption plunging under 15 per cent

Scrappage policy to give fillip to automobile industry volumes: ICRA

Vehicle Scrappage policy will provide a fillip to automotive industry volumes and spur demand for new vehicles, rating agency ICRA said

ICRA surges 9% after Parag Parikh Flexi Cap Fund buys stake

On March 18, PPFAS Mutual Fund A/C Parag Parikh Flexi Cap Fund purchased 201,655 shares, representing 2.09 per cent stake, in ICRA for Rs 56.06 crore

Icra upgrades Titan's long term rating to 'AAA' with stable outlook

Apart from the growing Titan's store network, a shift towards organised sector will support growth

Outlook negative for power discoms due to falling revenues: ICRA

The outlook for electricity distribution segment remains negative with continued weakness in financial position of most state-owned discoms, according to a report by ICRA

Credit outlook negative for aviation industry, says ICRA

This reflects a view that financial performance of airlines is likely to remain weak in near-to-medium term amid weak air traffic

Home loan rate cuts didn't dent the margins: Bankers and analysts

Experts don't see further cuts boosting demand, with rates already at record lows

2-6% retail inflation band has been working well since 2016, say economists

However, some want core to be monitored as well, MPC should be given leeway to choose target