Page 39 - Icra

Oil price slump: Centre may not hike excise duty for petro products

For 2019-20, the Centre had estimated average crude price of $55 a barrel, and for 2020-21, it has been assumed at $50 a barrel.

Govt wary of Adani-like bidding streak, puts airport privatisation on hold

During the previous privatisation process in 2018 too, the finance ministry wanted a cap on the number of airports a company could bid for

Coronavirus outbreak poses further concern for solar energy sector: Icra

There is already a slowdown in tendering of wind and solar PV projects by 25 per cent to 8.6 GW in 2019 from 11.5 GW in 2018

Coronavirus impact: Icra downgrades domestic pharma outlook to negative

According to Icra research, domestic API manufacturers have an inventory of one-two months

Rs 2-trillion InvITs likely to hit market in the next 5 years, says ICRA

Companies from roads, telecom fibre, power transmission, and generation are expected to come with InvITs

Two-wheeler volumes to skid 8-10%, demand likely to remain weak: Icra

Despite the near-term volatility, ICRA maintains a stable outlook for the two-wheeler industry for the coming 12-18 months

Loan sale volumes touch Rs 47,000 crore in Dec quarter, says Icra

Abhishek Dafria, Vice President and Head - Structured Finance Ratings at ICRA, said the volume in Q3FY20 were low compared to estimated Rs 77,800 crore in Q3FY19

Budget 2020: Expect Bharatmala allocation to rise to Rs 1.01-trn, says ICRA

Total budgetary allocations to fund the ambitious new highway development programme is estimated at Rs 3,43,045 crore over FY2019-2022 - averaging around Rs 86,000 crore per annum.

Top 10 biz headlines: India Inc gets legal relief, OYO's coffee plan & more

From criminal offences in the Companies Act being slated to be slashed to banks possibly taking a majority stake in DHFL, here are the top business headlines for Monday

IL&FS case: Sebi may inflict more wounds on raters, increase penalty

Sources said the settlement amount could be revised up to four times upwards

DTH/cable bills may fall up to 14% after Trai's amendments, says Icra

The regulator capped at Rs 160 the amount consumers will have to pay monthly for all free to air channels

Rate woes of renewable energy firms may stress NBFC books further: Icra

Infrastructure finance companies might have to brace for additional pressure on asset quality from exposure to renewable energy (RE) projects, which face rate risks. These non-bank finance companies (NBFCs) are already affected by the slow resolution of their stressed thermal energy assets, according to rating agency ICRA. The segment's total exposure to the RE segment was pegged at Rs 90,000 crore at end-September. The trajectory of total infrastructure credit in India (from banks and infra NBFCs) had flattened in the six months ended September 2019, the first half (or H1) of financial year 2019-20. hile infrastructure credit grew 19 per cent in 2018-19, to Rs 21.1 trillion, it rose only marginally to Rs 21.2 trillion in H1 of 2019-20.The uncertainty regarding rates in some southern states has led to rating downgrades for power companies that have raised money from lenders. The ratio of the number of upgrades to the number of downgrades in the power sector declined to less than one ..

Amid slowdown, Icra maintains negative outlook on passenger vehicle, CV

There was a sharp divergence in retail demand growth and wholesale despatches during the first half of FY20 as focus was towards reducing inventory level, Icra said

HDFC to raise Rs 5,000 cr via bonds to shore up long-term capital needs

The issue size of the bond issue is Rs 3,000 crore with an option to retain oversubscription up to Rs 2,000 crore

Working capital borrowings of fertiliser sector set to rise, says Icra

Of the total budgetary allocation, the government had released nearly 84 per cent by the end of October 2019, it said

Bank credit grows 7.1% and deposits increase 10%, reveals RBI data

Bankers said that with private investment practically coming to a halt, there was little demand for corporate credit.

Credit rating agencies in focus; CARE Ratings surges 19%, ICRA 10%

Most of the credit rating agencies had reported de-growth in their operational revenue during the first half of financial year 2019-20 (FY20).

Delay in project execution, Icra revises outlook for RE sector to negative

Looking at the challenges, Icra said it expects no growth in capacity addition in FY2020 and will remain at about 8.5-9.0 GW similar to FY2019

IL&FS case: Sebi imposes Rs 25 lakh fine on rating agencies ICRA, CARE

The regulator has given 45 days for the payment of penalty, which was levied under Section 15HB of the Sebi Act.

Slowdown blues: Bank credit growth may fall to 6.5-7% in FY20, says Icra

According to ICRA, even in a high-growth scenario, wherein the second half of FY20 sees the incremental bank credit rise to Rs 6.5-7 trillion, there will still be a 40-45% year-on-year (YoY) decline