Page 36 - Icra

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

Outlook for kharif season favourable as sowing is 44% more than 2019: ICRA

The monsoon rainfall recorded a timely onset and rains covered the entire country well ahead of the normal date

Sensex surges 548 points amid broad-based buying; Nifty ends above 10,900

All that happened in the markets today

Icra sharply revises forecast, expects economy to shrink by 9.5% in FY21

It has earlier estimated a 5% contraction; Q1 may have seen 25% fall

India passenger vehicle demand likely to rebound slowly this fiscal: Report

Currently, affected by an economic slowdown and the coronavirus-induced lockdown, both demand and production have been disrupted

IT services sector's revenues may contract up to 3% in FY21: Icra

In its report, domestic rating agency Icra also said that the profit margins for the sector will go down as the growth slows down

IT services sector may see downturn of up to -3% due to Covid-19: Icra

IT services companies have managed to overcome supply-led challenges through uninterrupted delivery of IT services through work from home model

India's large steel export volumes not sustainable in near term: Icra

China largest steel export destination for India during Apr-May

Auto component sector FY21 revenue may fall 14-18% over weak demand: ICRA

ICRA expects recovery of the auto components sector to be gradual and slow-paced, with the industry pinning hopes on revival in rural income to support growth in the festive season and thereafter

Borrowings by states double to Rs 1.7 trn in Q1FY21 over Covid-19: Icra

"Icra estimates the net SDL (state development loans) issuance in Q1 FY2021 to have expanded by a sharp 135.6 per cent to Rs 1.4 trillion from Rs 0.6 trillion in Q1 FY2020," it said

SBI Cap to float special purpose vehicle for NBFC debt purchase, says RBI

The government, on May 21, had said it will support creating a SPV that will buy such papers from NBFCs

NBFCs' bad loans may worsen to 5-7% this fiscal due to weak economy: Icra

The lockdown has significantly impacted the cash flow position of NBFCs' borrowers

India records current account surplus of 0.1% of GDP, at $600 mn in Q4

As against this, there was a deficit of $4.6 bn, or 0.7% of GDP in the year ago quarter and $2.6 billion (0.4% of GDP) in Q3 of 2019-20

April-May fiscal deficit at 58.6% of fiscal year target as revenue slumps

Total revenue was Rs 45,498 crore, or 2 per cent of the budgeted estimate of Rs 22.46 trillion, compared to 7.1 per cent for the same period last year.