Page 34 - Icra

Passenger vehicle industry's FY21 volumes expected to see 22-25% dip: ICRA

Passenger vehicle industry's FY21 volumes are expected to witness a 22-25% decline, ratings agency ICRA said on Wednesday

Icra sees overall automotive volumes in FY21 being pushed back by 10 years

Rating agency expects GDP to decline by 11% in FY21; this will trickle down into lower demand for the automotive industry in general

Ship charter rates to be exposed to volatility in near-term: Icra

Ship charter rates are likely to be exposed to volatility in the near-term, despite some segments seeing a recovery in pricing, as the demand outlook remains muted, rating agency Icra said

Telcos expected to speed-dial ARPU improvement, raise tariffs, says Icra

The telecom tariff hike is imminent as service providers need to make sizeable payouts on statutory dues, spectrum buys, regular revenue share obligations and auction instalments Icra Ratings said

Consumption of non-ferrous metals to dip 3-8% in 2020 due to Covid-19: Icra

Consumption of non-ferrous metals like copper and aluminium would contract significantly this year due to the Covid-19 pandemic, rating agency Icra said on Thursday

Sustainability of recovery in domestic ports business a concern: Icra

The sustainability of recovery trend in the domestic ports business remains a concern and the sector is not out of the woods yet, ratings agency Icra said

Logistics growth to be driven by e-commerce among other sectors: ICRA

The near-term growth of the Covid-19-battered logistics sector is expected to be driven by specific segments like e-commerce, ratings agency ICRA said on Monday

Lower gas prices to benefit urea producers, reduce subsidy needs: Icra

The decline in domestic gas prices is likely to benefit urea producers as it will lower the cost of production and reduce the requirement of subsidy, ratings agency Icra said

Recovery in domestic air passenger traffic continues in Sept: Icra

Recovery in domestic air passenger traffic continued in September with a sequential growth about 37-39 per cent in passenger volume in the previous month over August, ratings agency Icra said

Covid-19 crisis: Signs of economic recovery fragile, say experts

Some major indicators raise hopes but there are segments showing that revival is still nascent

Hospitality finds little room in Kamath panel's debt restructuring plan

Majority of hotels do not meet the eligibility criteria of the RBI-appointed panel

Negative rating actions on firms rises to 32% in Q1FY21 from 23%: Icra

Negative rating actions on companies increased to 32 per cent in the first half of the current financial year from 23 per cent in the year-ago period

Market Ahead, September 29: All you need to know before the opening bell

In the primary market, three IPOs will hit the street today

Icra scales up projection for GDP contraction to 11% from 9.5% earlier

Attributes move to continued spread of Covid-19 pandemic

Icra scales up projection for GDP contraction to 11% from 9.5% earlier

Attributes move to continued spread of Covid-19 pandemic

Automobile dealers expect flat or moderate growth in festive season: ICRA

Automobile dealerships are cautiously optimistic, expecting flat or moderate growth in the festive season after suffering twin blows of demand slowdown due to macroeconomic challenges and the pandemic

ICRA revises forecast, pegs India's FY21 GDP contraction at 11% from 9.5%

Ratings agency ICRA has revised its forecast for the contraction in India's FY21 GDP to 11 per cent from its earlier assessment of 9.5 per cent

Covid-19 impact: ICRA downgrades TAJGVK Hotels & Resorts credit facilities

: Rating agency ICRA has downgraded TAJGVK Hotels & Resorts Limited long-term loans and short-term credit facilities. The low rating was on account of expected decline in revenue and margins during this financial year, the hotel chain said. In a filing with stock exchanges on Monday, the ICRA downgraded TAJGVK Hotels long-term loans aggregating Rs 165.63 crore and short-term, fund-based limits (Rs 30 crore). The companys earnings would be weak during Q2 FY 2021 and this trend is expected to continue over the next several quarters with continued muted demand, the rating agency said. With sharp fall in operating profits, the debt coverage indicators are likely to deteriorate in FY 2021, ICRA further said. The company's reported meagre revenues of Rs 3.3 crore and operating losses in Q1 FY 2021 owing to the pan-India lockdown resulted in only one of its six properties apart from Taj Santacruz, which is under a JV with a GVK group company, being operational during the .

ICRA downgrades TAJGVK's credit ratings of long-term loans, others

TAJGVK Hotels and Resorts said ICRA downgraded the credit ratings of its long-term loans and short-term credit facilities on account of revenue and margin decline

Status quo policy regardless of late MPC member induction: Experts

While new members will be domain experts, it would be too early for them to properly grasp of the situation once they get to see a tiny picture of the real economic scene at hand