Page 35 - Icra

Adani Gas hits new high after ICRA upgrades Co's rating with stable outlook

In the past one month, Adani Gas outperformed the market by surging 23 per cent against a 2 per cent rise in the S&P BSE Sensex.

Corporate revenues slide 31% in Q1, profit margin drop not as stark: Icra

Sectors like airlines, hotels, retail, automotive, consumer durables which represent discretionary spending were significantly impacted

Electricity demand improves to 98% of pre-Covid-19 level in August: ICRA

The electricity demand recovery on an all-India level has largely been led by northern and eastern states with a year-on-year (y-o-y) increase of 6-13 per cent in demand in July 2020, it said

Icra finds FinMin's estimates of GST compensation gap much smaller

Estimates by Icra put the total gap at Rs 2.92 trillion against the ministry's estimates of Rs 2.35 trillion

ICRA Q1 net profit declines 17% to Rs 17 cr, income down at Rs Rs 80.8 cr

The level of activity in the economy was significantly impacted by the coronavirus-induced lockdown in the first quarter of 2020-21, it said

MARKET WRAP: Sensex gains 230 pts, ends above 39K level; auto stocks rally

All that happened in the markets today

India's Q1FY21 GDP may shrink by 25%, says ICRA; flags distress in MSMEs

India's Q1FY21 GDP is expected to contract by 25 per cent, ratings agency ICRA said on Tuesday

About 5-8% of loan book will be recast under RBI scheme, says ICRA

With the expectation of reduced slippagges of 3-4 per cent, the GNPAs might increase to 9.8-10.3 per cent by March 31, 2021 from 8.5 per cent as on March 31, 2020

Restructuring likely to be at 5-8% of banks loan book under new norms: ICRA

Last week, the RBI allowed banks to go for a one-time restructuring of corporate and personal loans that are under stress due the Covid-19 pandemic

Power transmission sector to get investment worth Rs 1.8 trn by FY25: Icra

It said evacuation infrastructure for renewable energy (RE) projects will drive investments in the power transmission segment

Icra revises FY21 2-wheeler sales forecasts downward, says may dip 16-18%

ICRA had earlier said that two-wheeler sales could decline by 11-13 per cent in the current fiscal

Icra revises outlook on logistics sector to 'negative' from 'stable'

With gradual easing of lockdown curbs, E-way bill generation has revived to about 70%, while railway and seaway freight volumes have revived to 85-90% of pre-Covid levels in June

Domestic pharmaceutical industry to clock 4-6% growth in FY21: Icra

The domestic pharma industry has been posting slow growth numbers since March after the Covid-19 pandemic hit prescription generation

Asset quality a worry for lenders despite shrinking moratorium book: Icra

Loan restructuring could postpone recognition of stress in the lender book in the near-term, but high share of such assets would be a credit negative, Icra said

Number of flights up, yet less than a third compared to July 2019: Icra

Rating says airlines operated at much lower capacity of about 27% this July compared to July 2019 level, but there was a marginal rise over the 25% capacity achieved in June 2020

Stable outlook for tractor industry, limited Covid impact on demand: Icra

In June, the industry recorded a 22 per cent growth in wholesale volumes and 10 per cent growth in retail volumes

ICRA reaffirms IndiGo's long-term rating at A-plus with negative outlook

Agency acknowledges India's largest airline's strong market position, cost-efficient structure and robust liquidity profile among its peers

N Sivaraman appointed group CEO of Icra, to take over on August 10

Sivaraman has spent over 34 years with engineering major L&T

Retail at risk

Small investors should listen to Sebi chairman's advice

Electricity demand likely to contract by 5-6% in FY21 due to lockdown: ICRA

The all-India electricity demand declined by 16.2 per cent in Q1 FY2021 on a year-on-year (Y-o-Y) basis because of the lockdown imposed to combat the Covid-19 pandemic