Page 3 - Ind-ra

Pharma's 3Q profitability improvement starts to taper off: Ind-Ra

The ratings agency does not expect Indian pharmaceutical companies to sustain the healthy operating margins reported during 3Q FY21 and 9M FY21

States' fiscal deficit to narrow to 4.3% of GDP in FY22: Ind-Ra

The agency's earlier forecast for FY21 was 4.5 per cent. The revision was made due to a sharper-than-expected contraction of 6.1 per cent in the nominal GDP

Budget 2021 must redirect govt focus on resolving demand-side issue: Ind-Ra

Expecting the Budget, to be tabled on February 1, to focus on boosting aggregate demand, expenditure reprioritisation and mobilising higher non-tax revenue, Sinha lists the following priorities

Ind-Ra upgrades Eveready's long-term credit ratings, outlook positive

Rating agency says upgrade reflects improvement in firm's financial profile and liquidity in 1HFY21, which was continuing in 2HFY21 backed by better profitability

Reliable data, understanding must for effective policy intervention: Ind-Ra

An appropriate understanding based on reliable data is critical to ensure effective policy intervention, India Ratings and Research (Ind-Ra) said

Ind-Ra revises FY21 GDP contraction to 7.8% on easing pandemic headwinds

Ind-Ra now expects third quarter to see contraction at 0.8 per cent and fourth quarter to print in 0.3 per cent growth

Solar power tariff decline supported by structural factors: Ind-Ra

There has been a continuous decline in solar power tariffs since the start of the current financial year

Organised F&G retail's FY21 revenue expected to decline by 5-10%: Ind-Ra

The revenue of India's organised food and grocery (F&G) retail is expected to decline by 5-10 per cent in FY21, India Ratings and Research said on Monday.

Over 19 quarters taken to clear unsold real estate inventory, says Ind-Ra

Residential sales were down 50 per cent year-on-year (YoY) to 68 million square (sq.) feet (ft) in H1FY21 across the major six cities.

Two-wheeler exports to see stable growth in latter half of next fiscal

Ratings agency Ind-Ra anticipates some bumps in the road in the first half

Tractor sales may grow 10-12% in FY21 due to strong rural income: Ind-Ra

Tractor sale volumes are expected to grow 10-12 per cent this fiscal over the previous year primarily driven by a strong rural income owning to solid rabi crop harvest, ratings agency Ind-Ra has said

One-third of emerging cos may not get restructuring benefits: Ind-Ra

Ind-Ra on Thursday said a third of the mid and emerging corporates (MEC) having turnover of under Rs 750 crore rated by it could be ineligible for restructuring loans despite being "vulnerable"

Jio's post-paid plans indicate shift towards higher ARPU regime: Ind-Ra

Reliance Jio recently-announced post-paid plans indicate the telco's continued steps towards improving the industry-level average revenue per user, according to India Ratings and Research

Print media revenue to fall by a fourth this year on massive Q1 hit: Ind-Ra

Revenue was two-third lower year on year in June quarter for major players, with 76% plunge in ad revenue, 32% in circulation

Ind-Ra cuts banking outlook to negative on rising NPA, credit cost

As per Ind-Ra's bear case, the spike in stressed assets due to pandemic is expected to double the credit costs for banking system

Debt recast, demand pick-up to help overcome mismatch in cash flow: Ind-Ra

The rating agency said, "It expects capital market instruments to continue to be serviced, given the diversified nature of holdings and different class of investors"

Maharashtra stamp duty cut will do little in boosting demand: Ind-Ra

Ind-Ra said the residential real estate's volume and price growth are closely integrated with the GDP growth rate

Crisil, India Rating upgrade YES Bank's bonds on improved liquidity

Ind-Ra said the multi-notch upgrade and the resolution of rating watch evolving reflect a significant improvement in Yes Bank's profile and operating metrics post its reconstruction in March

Education policy to enable creative learning, boost job prospects: Ind-Ra

Ind-Ra said the new National Education Policy 2020 will enable creative learning among students and boost their employment prospects

Weak demand, oversupply, price drop to hit steel sector in Q2 FY21: Ind-Ra

Both HRC and rebar prices were down 3 per cent and 4 per cent month-on-month respectively in mid-June