Page 38 - Icra

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

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