ICRA

Indian Domestic Air Passenger Traffic Registers 2.3 Per Cent MoM Hike In May

As per a new ICRA study, the Indian air passenger traffic has smoothly registered a hike of 2.3 per cent in May in comparison to the month of April

Jun 13, 2023, 15:18 PM IST

Indian Airlines To Cut Down Losses With Pricing Discipline, Healthy Passenger Traffic

With healthy passenger traffic and pricing discipline, Indian Airlines are looking forward to cut down on annual losses by roughly Rs 50-70 billion in this fiscal.

May 16, 2023, 09:54 AM IST

Shapoorji Group Flagship's Ratings Downgraded By Icra

The consolidated external debt of the company has declined by Rs 15,300 crore to Rs 21,870 crore as on December 31, 2022, from Rs 37,170 crore as on August 31, 2020, and is expected to further reduce through asset divestment, the agency said.

May 04, 2023, 20:59 PM IST

India Inc's Profit Margin Narrows In Dec Quarter On High Inflation: Icra

The interest coverage ratio for the agency's sample adjusted for sectors with relatively low debt levels like IT, FMCG and pharma witnessed a moderation in Q3FY23 to 4.3 times from 5.1 times on a sequential basis.

Feb 27, 2023, 19:09 PM IST

Airbag industry to record 3-FOLD growth by FY2027 with 6-airbag compliance on its way: Report

With the new safety standard of 6 airbags ready to be implemented, the airbag industry is expected to grow to roughly Rs 7,000 crore by FY2027.

Dec 27, 2022, 17:40 PM IST

Budget 2022 unlikely to allocate any fund for bank recapitalisation: ICRA Report

Icra said that the upcoming budget is unlikely to make any provision for recapitalisation of state-owned lenders.

Jan 13, 2022, 21:44 PM IST

RBI's recent norms may spike NPAs for NBFCs, cautions ICRA

ICRA said that the RBI's recent notification on income recognition, asset classification, and provisioning norms for banks, non-banking financial institutions, and all-India financial institutions may lead to a sharp spike in the non-performing assets (NPAs) for non-banking finance companies.

Nov 28, 2021, 22:51 PM IST

Icra revises up FY22 GDP growth forecast to 9%

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

Sep 27, 2021, 17:41 PM IST

Retail inflation eases to 4.29 pc in April from 5.52 pc in March: Govt data

The Reserve Bank mainly factors in the retail inflation based on Consumer Price Index (CPI) while arriving at its monetary policy

May 12, 2021, 18:27 PM IST

Second wave to impact fashion retailers, revenue to hit pre-pandemic levels only in FY23: Report

ICRA said the fashion retailers industry is set to invest Rs 2,400 crore in capital expenditure in 2021-22.

Apr 25, 2021, 17:21 PM IST

ICRA downgrades Tata Motors' long-term rating to AA- negative

The rating agency has however retained ICRA A1+ rating for Commerical paper programme, Short term debt programme and short-term non-fund-based facilities of Tata Motors .

Aug 06, 2019, 11:37 AM IST

How IL&FS colluded with rating agencies

The Serious Fraud Investigation Office (SFIO) report points out gaping holes in the style of functioning of rating agencies which were complicit with the rogue management.

Jul 03, 2019, 10:46 AM IST

Domestic air traffic sees negative growth on Jet Airways grounding: Icra

The domestic passenger traffic remained on an upswing between July 2013 and March 2019, after witnessing year-on-year de-growth in June 2013, the ratings agency said in a note on Thursday.

May 24, 2019, 12:56 PM IST

ICRA upgrades outlook on PNB, BoI, 2 other lenders

Following infusion of capital in these banks, their financial health improved leading RBI to remove them from Prompt Corrective Action (PCA).

Mar 15, 2019, 12:40 PM IST

ICRA cuts growth forecast for domestic PV sales to 7-8%

ICRA, which had earlier projected a growth of 8-9 percent, however, maintained stable outlook on domestic passenger vehicles (PVs) industry for the year.

Dec 04, 2018, 12:58 PM IST

CAD may widen to 3% in September quarter on higher crude prices, gold imports: ICRA

The CAD is the difference between the inflow and outflow of foreign currency.

Dec 04, 2018, 12:57 PM IST

Domestic carriers may need Rs 350 bn capital in 3-4 years: Report

These funds would help bring down the high debt-levels in the airline industry, Icra said in a note.

Nov 30, 2018, 12:42 PM IST

After its parent Moody's, now Icra downgrades Yes Bank

The agency had placed the bank on rating watch earlier this month and had said the resignations--there were three so far--would impede the bank's ability to raise capital.

Nov 29, 2018, 14:41 PM IST

Over 70% Uday bonds to mature during 2019-27: Icra

On November 5, 2015, the government of India had approved the UDAY scheme with an objective of financial turnaround of the state power distribution corporations (Discoms).

Nov 20, 2018, 10:37 AM IST