Page 41 - Icra

Icra downgrades Piramal holding firm's debt rating, cites liquidity crunch

The downgrade comes at a time when group flagship Piramal Enterprises is planning a rights issue worth Rs 3,650 crore

Icra sees FY20 bank credit growth declining to 8.5% from 13.3% last year

The recent changes in mutual funds regulations are likely to result in a decline in the volume of commercial paper outstanding by March 2020

Slow progress on stressed power assets; only 10% capacity resolved: Icra

The balance capacity is under various stages of resolution, including through Insolvency and Bankruptcy Code (IBC)

Domestic demand for mining, construction machines dips 17% in Jan-Aug: Icra

Immediate term demand outlook in the dealer community is also negative

IBC resolutions exceed new time limit of 330 days prescribed by govt

In July, in a bid to expedite the resolution process, the government made amendments to the Insolvency and Bankruptcy Code (IBC) that included revising the time limit to 330 days

Housing finance companies' gross non-performing assets up 2.2%: Icra

Markets like Surat and Pune in the affordable segment could show higher slippages owing to delays and challenges faced by some projects

Direct sale of loans by NBFCs and HFCs takes a knock in H1, says Icra

Securitisation under pass-through certificate (PTC) transactions was to the tune of Rs 92,000 crore in the past one year

ICRA revises rating outlook for one-third of wind, solar portfolio

The agency has downgraded rating for 20% of its rated portfolio for wind and solar

ICRA downgrades rating outlook for one third of its wind, solar portfolio

In addition to a slower tendering activity, the sector also faces concerns over delayed payments

Q2 earnings preview: Long rain spells bad news for cement companies

The current financial year has so far been an anomaly for the cement sector with a decline in demand growth seen in Q1

India's thermal coal imports to cross 200 mn tonnes in FY 20: Icra

Icra said it expects Coal India, which has missed annual production targets over the last few years, to fall short of its 2019/20 production forecast of 660 million tonnes by up to 75 million tonnes

With mining leases on verge of expiry, higher iron ore imports on cards

In 2015, India embraced competitive auctions as the best long-term approach to clamp down on corruption after scandals over allotments of mines

Why do credit rating agencies keep missing big Indian company defaults?

India's major rating firms include Crisil, the Indian unit of S&P Global; ICRA, the local unit of Moody's Investors Service

Central Bank of India set to raise Rs 2000 crore via tier-II bonds

These rated instruments (tier-II bonds under Basel III) is a hybrid subordinated instrument with equity-like loss-absorption features.

Muthoot Finance to raise Rs 1,000 crore via NCDs to fund business growth

The issue opens on September 27, 2019 and closes on October 25, 2019

Banks slippages to continue due to stress from various sectors: ICRA

The private banks, due to their higher credit cost in FY20, will see muted RoE at 9-10 per cent

Free trade agreements, EU slowdown threaten Indian apparel exports: Icra

The impact though, is expected to be cushioned by the transitory increase in export incentives till December 2019

Tax cuts will attract FDI in manufacturing, benefit auto industry: Icra

Indian auto manufacturers have imported components worth $17.6 billion during 2019-20 (till now) and this is likely to increase further in 2020-21 given the transitionary phase towards stricter safety

Icra sees FY20 steel demand growth shrinking to 5-6% from 7.9% in FY19

Industry's total debt/OPBITDA seen at 4.5 times in FY20 vs 3.5 times in FY19

Growth of IT services firms to remain in 6-8% range in FY20, says Icra

Adoption of digital technologies has reached inflexion point and is triggering large scale re-architecture programs