Page 41 - Icra

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

Slowdown-hit auto components' outlook revised from stable to negative: Icra

Further, liquidity issues across the aftermarket dealer channel have led to de-stocking, curtailing fresh demand from component manufacturers, it added

ICRA downgrades Indiabulls Housing long-term ratings to AA+ from AAA

The realty sector has been hit by subdued sales and rising challenges on the funding front, said ICRA

GDP growth expected to print sub-6.5% in FY20: ICRA's Aditi Nayar

Government spending was the key driver of GDP growth in Q1 FY20. The outlook for the same appears somewhat mixed

ICRA slides 5% after it terminates MD and Group CEO Naresh Takkar

The ICRA board said it would commence a search for Takkar's replacement, adding that Vipul Agarwal, remains responsible for the day-to-day operations of the firm until a CEO is appointed.

Moody's Indian arm ICRA terminates MD and Group CEO Naresh Takkar

According to sources, the decision of Takkar's termination follows the findings of an internal inquiry, which was initiated by the agency in May

Icra terminates services of MD and CEO Naresh Takkar with immediate effect

The board of rating agency ICRA, an affiliate of Moody's, on Thursday terminated the services of its Managing Director and CEO Naresh Takkar, following appearance of his name in the IL&FS case. "The board of directors of ICRA Limited, at a meeting today, after due consideration and taking into account the best interests of the company and its various stakeholders, has decided to terminate the employment of Naresh Takkar as Managing Director and Group CEO of ICRA, effective immediately," ICRA said in a regulatory filing. The ICRA board will commence search for a replacement, it said. Takkar was sent on forced leave in July following a review by the rating agency pending an enquiry into the "concerns" raised by the capital markets watchdog Sebi. Vipul Agarwal, who was appointed Interim COO on July 1, 2019, remains responsible for the day-to-day operation of the Company until a CEO is appointed, ICRA said. "ICRA remains committed to ensuring the independence and integrity of its ...