Page 2 - Ind-ra

Rising global Covid cases to impact capital flows, push inflation: Ind-Ra

Rising Covid cases globally have the potential to impact capital flows as well as heighten inflation, said India Ratings and Research (Ind-Ra)

Ind-Ra upgrades Tata Steel's long-term issuer rating to 'AA+' from 'AA'

India Ratings and Research (Ind-Ra) on Wednesday said it has upgraded Tata Steel's long-term issuer rating to 'AA+' from 'AA'.

ESG disclosures to be part of Ind-Ra's rating action commentaries from Jan

India Ratings on Thursday said it will make ESG disclosures an integral part of its rating commentary from next month to help investors understand how their money is being put to use

Power cost to remain high as imported coal prices soar: Ind-Ra

Short-term power prices are likely to remain elevated in the near term on account of a continued increase in imported coal prices, according to rating agency Ind-Ra. It noted that a large part of the increased power generation would continue to be met through coal-based plants, although coal output is not increasing to the desired level. This is reflected in low inventory stocks at power plants, and therefore, a part of the increased energy demand will have to be met through imported coal, Ind-Ra said. In light of the expected high imported coal prices, the short-term power prices in India are likely to remain elevated, it stated. The speedy recovery in power demand post the second wave of COVID-19 infections, coupled with lower than adequate domestic coal production, led to a reduction in coal inventory levels at various power plants, it said. The coal production by Coal India increased marginally to 209.2 million tonne (mt) in April-August period of the ongoing fiscal year as ..

Ind-Ra retains 'stable' outlook on Indian banking sector in FY22

The rating agency has kept its FY22 credit growth estimates unchanged at 8.9% for FY22

NBFCs have enough liquidity, buffers to tackle headwinds in H2 FY22: Ind-Ra

In FY22, Ind-Ra expects growth for NBFCs to be maintained in the range of 9%-10%

Credit costs of MFIs may surge up to 10% by March 22, says Ind-Ra

In May 2021, the rating agency had predicted that overall the microfinance sector's collections could drop by a cumulative 10-15 per cent during the month compared to March 2021

Ind-Ra lowers FY22 GDP growth forecast to 9.6% due to scale of Covid 2.0

Ind-Ra has said its earlier estimate of gross domestic product (GDP) growth at 10.1 per cent for the current financial year (FY22) is unlikely to hold due to the speed and scale of Covid 2.0

India's fiscal 2022 GDP growth rate now expected at 9.6%: Ind-Ra

This is lower than an earlier estimate of 10.1 per cent

Second wave of Covid-19 interrupted auto sales momentum in Q3-Q4: Ind-Ra

The second wave of the Covid-19 pandemic has interrupted the sales momentum recorded by the automobile industry in Q3-Q4 FY21, India Ratings and Research (Ind-Ra) said on Tuesday

Govt to keep impetus on road segments for tendering in near term: Ind-Ra

The Central government is expected to keep impetus on roads, irrigation and water works segments for tendering in near term, said India Ratings and Research.

Solar PLI scheme to benefit incremental panels demand till FY30: Ind-Ra

The allocation of Rs 4,500 crore towards solar modules manufacturing industry can benefit sales of 20 gigawatts from capacity developed under the production linked incentive scheme, Ind-Ra estimates

Covid 2.0 restrictions to impact energy demand growth recovery: Ind-Ra

The lockdowns on account of an increase in Covid cases in various states can impact all-India energy demand growth recovery in Q1 FY22 although demand is expected to be higher due to lower base effect

Covid-19 second wave can hit energy demand in April-June quarter: Ind-Ra

Restrictions following the second wave of the COVID-19 pandemic could impact energy demand growth recovery in the first quarter of this financial year, says India Ratings and Research (Ind-Ra)

Pharmaceutical industry rebounds in March at 10.3% growth: Ind-Ra

This was led by volume growth of 1.6 per cent, price growth of 5.1 per cent and products launches at 3.6 per cent

Covid spike, local lockdowns could disrupt FPI inflows: Ind-Ra

The recent spike in Covid-19 cases could disrupt foreign portfolio investments: report

Surge in commodity prices to impact India's economy, says Ind-Ra

Indian economy is still struggling to come out of the Covid-19 impact

Core worth of PSB capital bonds half that of similar other paper: Ind-Ra

The illiquid, non-trading nature of these securities could add to the discount. So it may not strengthen their tangible equity by as much but may bolster regulatory norms

Ind-Ra revises outlook of auto sector to improving for FY22 from negative

The rating agency said it expects auto volumes to rebound at 16-20 per cent year-on-year (y-o-y) in 2021-22 after recording an estimated decline of 14-18 per cent YoY in financial year 2021

Ind-Ra revises PNB Housing Finance's NCDs to negative

India Ratings and Research (Ind-Ra) has revised the outlook on PNB Housing Finance's (PNBHF's) non-convertible debentures