Highway projects to pick up in Q1 of the next fiscal: ICRA
Efforts to fast-track clearances in the highways sector will yield positive results beginning the first quarter of 2015-16, rating agency ICRA said Monday.
Feb 23, 2015, 21:29 PM IST
Hotel industry revenue may grow 9-11% in FY16: ICRA
Indian hotel industry revenue is expected to grow by 9-11 percent in 2015-16 -- after a subdued growth rate of 5-8 percent in the current fiscal, rating agency ICRA said in a report.
Feb 23, 2015, 19:44 PM IST
Cement sector to witness recovery in demand, prices: ICRA
The wholesale cement prices in North and West came under pressure in Q2 FY15 due to monsoons. Post monsoons, the recovery in prices has been slow.
Feb 10, 2015, 21:11 PM IST
New criteria equity infusion could trigger consolidation: ICRA
The new performance criteria for equity infusion into public sector banks (PSBs) could potentially lead to a shakeup in the sector in the absence of a transition period and given the pending structural issues, rating agency ICRA said.
Feb 09, 2015, 19:54 PM IST
'Some sectors may become more dependent on imported coal'
Lesser allocation of mines to steel, cement and captive power plants in the upcoming coal blocks auction may increase their dependence on costlier imported fuel, rating agency ICRA today said.
Jan 14, 2015, 20:03 PM IST
Debt levels of telecom firms likely to rise, warns ICRA
Even as the proposed spectrum auction is expected to generate up to Rs 96,000 crore for the government, the debt levels of telecom firms are likely to go up due to sizeable payouts, rating agency ICRA said on Friday.
Jan 10, 2015, 00:24 AM IST
PSU OMCs' subsidy burden may fall to Rs 28K-34K cr by FY16: ICRA
The subsidy burden on the public sector upstream firms is likely to drop to Rs 28,000-34,000 crore by FY16, with the gross under recoveries (GURs) expected to decline to Rs 56,000 crore then, rating agency ICRA Research said in a report.
Dec 18, 2014, 21:48 PM IST
Coal auction may push up fuel price for power sector: ICRA
The auction of 74 coal blocks is likely to witness an intense competition among bidding companies and the exercise may push up the fuel price for power sector, rating agency ICRA said Wednesday.
Dec 16, 2014, 23:07 PM IST
Jet shares ride high, up 14% on rating upgrade by ICRA
Shares of Jet Airways surged nearly 14 per cent today after ICRA upgraded rating of Rs 3,210-crore loan facility given to the company based on improvement in cash flows.
Nov 28, 2014, 11:43 AM IST
ICRA upgrades rating of Jet Airways Rs 3,210-cr bank loan
Ratings agency ICRA Thursday upgraded by a notch rating of Rs 3,210-crore loan facility given to Jet Airways based on improvement in cash flows.
Nov 27, 2014, 21:30 PM IST
GDP growth in July-Sept quarter may have slowed to 5%: ICRA
The country's economy may have slowed to 5 percent in the July-September quarter due to low kharif harvest, slowdown in exports and muted government spending, ratings agency ICRA said in a report on Tuesday.
Nov 25, 2014, 20:57 PM IST
RBI likely to hold rates through the fiscal: ICRA
Notwithstanding moderation in inflation, the Reserve Bank is likely to keep status quo on the policy rates this fiscal to check price rise expectations, says a report.
Nov 04, 2014, 19:12 PM IST
'SC verdict to have serious ramifications for energy sector'
The Supreme Court's verdict to cancel all but four coal mines allocated since 1993 will have a serious ramification for the energy and steel sectors hitting their bottomlines and fines imposed alone could amount up to Rs 7,300 crore, rating agencies said Friday.
Sep 26, 2014, 19:46 PM IST
Gross NPAs of PSU banks to be about 4.4% in FY'15: ICRA
PSU banks' gross NPAs are to be at 4.4-4.7 percent as on March 31, 2015, as against 4.4 percent as on March 31, 2014 and 4.6 percent as on June 30, 2014, said the ICRA report.
Sep 04, 2014, 20:43 PM IST
Steel players may benefit from low coking coal prices: Icra
The domestic steel players producing steel through the blast furnace route stand to benefit from the continuing weakness in the international coking coal prices, but iron ore continues to play spoilsport for the Indian steel industry, rating agency ICRA has said.
Aug 24, 2014, 17:56 PM IST
Jet Airways executives to meet Icra following downgrade
Jet Airways executives are expected to meet the domestic rating agency Icra tomorrow following a downgrade of its debt rating after the airline failed to meet loan repayment schedule.
Aug 24, 2014, 17:25 PM IST
ICRA pegs domestic sugar production at 24MT in 2013-14 marketing year
Sugar production in the country is expected to decline to 24 million tonnes (MT) during sugar year 2013-14, due to reduced cane crushing in Uttar Pradesh, Maharashtra and Tamil Nadu, a ratings agency said in its latest report.
Aug 11, 2014, 22:58 PM IST
Banks need to raise Rs 20K cr in tier-1 capital this year: ICRA
It may be noted that under the Basel-III capital computation, RBI is asking banks to raise 1.5 percent using the AT1 instrument.
Aug 06, 2014, 22:22 PM IST
Power sector faces multiple challenges: Icra
The power sector faces multiple challenges including high subsidy for state utilities and uncertainty over tariff compensation to power producers, Icra said today.
Jul 23, 2014, 00:18 AM IST
Price cut: Drug makers' profitability may come under pressure
Among MNCs, Sanofi Aventis, Abbott and Pfizer are also likely to be affected owing to their sizeable share exposure on anti-diabetic segment and Indian market in general.
Jul 20, 2014, 12:42 PM IST
