Page 38 - Icra

Indian economy to contract 5-7% in FY21: Bernstein, Goldman Sachs

Analysts say the Rs 20-trn stimulus package by govt a lost opportunity

Indian firms getting downgraded like never before; credit markets at risk

Ratings have been cut for 847 companies

Slowdown blues: Incremental credit flow drops 64% to Rs 6.04 trn in FY20

Economic slowdown hits activity, adding fuel to the fire

Market Ahead, May 5: All You Need To Know Before The Opening Bell

With further extension of the nationwide lockdown, the RBI is considering a proposal for extending the moratorium on bank loans by another three months

India's economic growth rate may contract 16-20% in Q1, says Icra

This would mean a contraction of 1-2 per cent for entire FY21, against the agency's earlier projection of -1 per cent to 1 per cent

Icra expects GDP to contract by 20% in June quarter, 2% fall in FY21

The agency's earlier economic forecast was a range, according to which the GDP may either expand by 1 per cent or contract by 1 per cent in 2020-21

Core sector output shrinks by 6.5% in March amid coronavirus lockdown

March performance is worst in current series

Icra to review rating methodology, factor in 3-month Covid-19 disruption

The rater will now redraw its projections assuming that a business-as-usual operating environment may not return soon

From Tata Power to TVS, over 320 firms queue up for moratorium breather

Piramal, Tata Power, and TVS group units figure in list

RBI raises limit on ways and means advances, but states aren't impressed

Ways and means advances (WMAs) are short-term advances the central bank gives to help states tide over temporary mismatches in their cash flow.

MFIs staring at cash shortfall of Rs 2,600 crore in Q1FY21, says ICRA

ICRA has analysed a sample of 29 MFIs, which constitute around 70% of the MFI industry on a portfolio basis

Covid-19: Taj-GVK Hotels seeks moratorium on loan repayments from lenders

ICRA said it has not treated the missed payment as a default for now, despite absence of a formal approval from the lenders allowing for a payment relief

ICRA pegs GDP contraction at 10-15% in Q1 amid lockdown extension

Earlier, ICRA had expected GDP to fall by 4.5 per cent in the first quarter when lockdown was for 21 days till April 14.

India's air passenger traffic records 3-5% negative growth in FY20: Icra

A gradual recovery in domestic traffic is expected once the commercial air services are restored

Covid-19 impact: Commercial vehicle sales to contract another 8-10% in FY21

ICRA said that it continues to maintain a negative outlook for the commercial vehicle (CV) segment over the near-term

Future Group: Retail king of India faces litmus test as debt soars

Future Group sees its biggest crisis after raising high-cost loans from PEs and pledging shares

Market Ahead, April 8: All You Need To Know Before The Opening Bell

Icra Ratings yesterday sharply cut India's GDP forecast amid the Covid-19 crisis. The rating agency now expects the economy to grow at just 2 per cent in the current fiscal

Covid-19 impact: Indian economy likely to grow 2% in FY21, says Icra

The rating agency said nationwide lockdown announced to contain the coronavirus outbreak has impacted industries

Market volatility challenge to PNB HFC's equity plans, says ICRA

Further delay in fundraising will postpone the expected improvement in the leverage profile and limit the cushion available for absorbing contingencies

Coronavirus supply chain shock for auto component sector, says ICRA

The COVID-19 supply chain disruptions will manifest into a demand shock lasting multiple quarters for the domestic industry, ICRA said in a statement.