Page 22 - Icra

India's core sector maintains double-digit growth at 12.7% in June

8 infra sectors grew 12.7% YoY in June; there was a contraction MoM

Open access II: India's attempt to expand scope of green energy initiatives

The new guidelines expanding consumer choices to green energy will remain subject to the uncertainties and quirks of state policy

Experts expect some inflation, CAD relief after US Fed hikes rates

MPC will be guided more by domestic inflation-growth dynamics than US central bank measures, they say

Microfinance loan securitisation grows over two-fold YoY in Q1FY23

Better recoveries, adequate credit enhancements spark investor confidence

Banks urge RBI to extend HTM leeway beyond Mar 2023 as bond losses pile up

Bankers have sought permission to park a larger quantum of securities in the portfolio than is currently permitted amid an environment of rising bond yields.

LIC adds Rs 1,983 cr in kitty by offloading shares in Siemens, Icra

LIC said its holding in Siemens decreased by over 2 per cent from October 14, 2020, to July 18, 2022, at an average cost of Rs 2,701.19 per piece.

CRISIL, Icra, CARE: Major hurdles yet to be conquered by rating agencies

Despite the 15 per cent rally on Wednesday, CARE Ratings still trades 38 per cent lower from its 52-week high; Similarly, CRISIL and ICRA too are down 14 per cent from their respective 52-week highs.

Banks may incur Rs 13,000 cr MTM losses in Q1 on rising bond yields: Icra

State-owned lenders, which hold large quantities if G-Secs, to face brunt of yield spike

CPI inflation pegged at 6.8-7.25% in June; IIP growth at 14.5-24% in May

According to MPC's own projections, the inflation rate may not come down below 6% on average before the fourth quarter of the current financial year

IREDA may raise up to Rs 15,000 crore via long-term bonds in FY23

IREDA has a well-diversified borrowing profile, with access to funds through tax-free bonds, taxable bonds, bank/financial institution (FI) loans, masala bonds and foreign currency loans

India misses fifth-largest economy in the world tag by $13 billion

Experts say it is just a matter of a year before India overtakes the UK

High export tariff of 45% to make iron ore pellet export unviable: ICRA

"The application of this high export tariff has reduced a merchant exporter's net effective realisation, rendering pellet exports unviable," it said.

CAD reduces sequentially to 1.5% of GDP in Q4 as trade deficit moderates

The current account was in deficit to the tune of $ 8.1 billion (1 per cent of GDP) a year ago (Q4 of FY21)

Auto ancillaries' revenue may grow 8%-10% in FY23 on stable demand: Icra

The revenues are expected to grow 8-10 per cent in 2022-23 on the back of a stable demand and likely easing of supply-chain concerns in the second half of the year, Icra said.

India's trade deficit hits record high of $24.3 bn in May: Govt data

Preliminary estimates released earlier in the month had put the trade deficit at $23.3 billion

Asset quality in NBFCs, HFCs improves in Q4FY22 on lower slippages: Icra

The standard restructured book of NBFCs is estimated to have reduced to 2.7-3 per cent in March 2022 from the peak of 4.5 per cent in September 2021

Wage cost inflation may moderate IT players' profit margins by 1.5%

The shrinking will be over and above the narrowing of up to 3.50 per cent on the operating profit margin front for most IT companies in FY22

Yields on state govt bonds harden ahead of RBI policy announcement

Bond dealers said the hike in yields on state government paper was in line with the increase across the board - treasury bills, Government of India (GoI) bonds, and corporate paper

Collection efficiency for NBFCs, HFCs at 97-101% in April: Report

The collections had seen a modest decline of about 3 per cent following the third wave of infections in January 2022, but the recovery was prompt, Icra Rating said in a report.

Int'l air passenger traffic to India to hit 80-85% of pre-Covid level: Icra

The volume of such travellers has already touched 72 per cent of the pre-Covid level in May