India Ratings

Showing of 1 - 20 from 68 results
India Ratings - Total results - 68
Rs 90, 000 cr package to provide only temporary relief to discoms but not long-term stability: India Ratings
Business

Rs 90, 000 cr package to provide only temporary relief to discoms but not long-term stability: India Ratings

The Rs 90,000 crore package would provide only a temporary relief to power distribution companies but not long-term stability, India Ratings and Research (Ind-Ra) said on Tuesday

Coronavirus Lockdown: Auto component industry likely to witness double-digit degrowth in FY21, says India Ratings
Business

Coronavirus Lockdown: Auto component industry likely to witness double-digit degrowth in FY21, says India Ratings

The Auto component industry is likely to witness a second consecutive year of double-digit degrowth this fiscal mainly on account of disruption in operations due to coronavirus pandemic and the subsequent lockdown, according to a report

Coronavirus Outbreak: CRISIL cuts India's GDP growth forecast by half to 1.8% for FY21; projects Rs 10 lakh cr loss due to covid-19
Business

Coronavirus Outbreak: CRISIL cuts India's GDP growth forecast by half to 1.8% for FY21; projects Rs 10 lakh cr loss due to covid-19

Domestic rating agency CRISIL on Monday nearly halved its GDP forecast for India to 1.8 percent for 2020-21 while projecting total losses of Rs 10 lakh crore or Rs 7,000 per person due to "disastrous" lockdowns to control COVID-19 pandemic

Coronavirus Outbreak: Ind-Ra cuts India's FY21 GDP growth further to 1.9%, lowest in 29 years
Business

Coronavirus Outbreak: Ind-Ra cuts India's FY21 GDP growth further to 1.9%, lowest in 29 years

India Ratings and Research (Ind-Ra) on Monday revised its FY21 economic growth forecast for the country further down to 1.9 percent, lowest in the last 29 years, citing the COVID-19 pandemic and the subsequent lockdown

Govt reassures state banks it is ready to provide capital support; coronavirus pandemic may lead to surge in bad loans
Business

Govt reassures state banks it is ready to provide capital support; coronavirus pandemic may lead to surge in bad loans

The government may need to make a provision of at least Rs 20,000-25,000 crore ($5.90 billion) for capital infusion in state-run banks

Yes Bank crisis: Ind-Ra revises rating watch on troubled private lender to 'evolving' from negative
Business

Yes Bank crisis: Ind-Ra revises rating watch on troubled private lender to 'evolving' from negative

Yes Bank on Thursday said that India Ratings and Research (Ind-Ra) has revised rating watch on the bank's long-term issuer rating of 'IND BB-' to rating watch evolving (RWE) from rating watch negative (RWN)

Raising sizeable capital could be challenging for Yes Bank, says India Ratings; lender in discussions with potential investors
Business

Raising sizeable capital could be challenging for Yes Bank, says India Ratings; lender in discussions with potential investors

India Ratings (Ind-Ra) has maintained RWN on the Basel III tier-2 bonds of Rs 11,000 crore, additional Basel tier-1 bonds of Rs 11,100 crore and infrastructure bonds of Rs 3,580 crore

GDP to grow by 5.5% in FY21 on demand revival, strong policy push but downside risks persist: India Ratings
Business

GDP to grow by 5.5% in FY21 on demand revival, strong policy push but downside risks persist: India Ratings

India's growth rate is expected to be marginally higher at 5.5 percent in 2020-21 against the estimated 5 percent for the current fiscal on the back of strong policy push coupled with a revival in demand, a report said

GDP growth slows to six-quarter low at 4.7% in Q2; economy likely to grow at 5.6% in FY20: India Ratings
Business

GDP growth slows to six-quarter low at 4.7% in Q2; economy likely to grow at 5.6% in FY20: India Ratings

Indian economy may have slowed for the sixth consecutive quarter in July-September to 4.7 percent, Fitch group firm India Ratings and Research said on Tuesday, as it lowered GDP growth forecast for current fiscal for the fourth time

DHFL crisis set to linger on as forensic audit points to massive fund diversion; banks unlikely to lend to crippled firm
Business

DHFL crisis set to linger on as forensic audit points to massive fund diversion; banks unlikely to lend to crippled firm

DHFL had sought a Rs 15,000-crore lifeline from the lenders as they finalise the resolution plan, which may also include picking up 51 percent equity in the company by converting their debt into equity

Credit growth at banks falls to lowest level in nearly two years as slowing consumption weighs on demand: RBI report
Business

Credit growth at banks falls to lowest level in nearly two years as slowing consumption weighs on demand: RBI report

Lending growth by banks had nearly halved to 8.8 percent at the end-September from the start of the year.

FPI flows to remain under pressure despite tax surcharge reversal, benign monetary policy: India Ratings
Business

FPI flows to remain under pressure despite tax surcharge reversal, benign monetary policy: India Ratings

Foreign funds flow into India is expected to remain under pressure over the near-to-medium term despite the government rolling back tax surcharge on FPIs and benign global monetary policy stance, said India Ratings on Wednesday

Economic growth seen slipping in April-June on weak consumer demand, private investment; more stimulus expected: Poll
Business

Economic growth seen slipping in April-June on weak consumer demand, private investment; more stimulus expected: Poll

In spite of a windfall dividend to the government of nearly $21 billion from the central bank, the room for aggressive stimulus is limited due to slower growth in tax receipts, analysts say.

Slowdown in consumption: India Ratings cut GDP forecast to 6.7% for current fiscal from earlier estimate of 7.3%
Business

Slowdown in consumption: India Ratings cut GDP forecast to 6.7% for current fiscal from earlier estimate of 7.3%

India Ratings on Wednesday lowered the country's growth forecast to six-year low of 6.7 percent for the current fiscal from an earlier estimate of 7.3 percent on account of slowdown in consumption and moderation in industrial growth among other factors

IL&FS probe: Ex-CEO of subsidiary helped leading rating agency official buy duplex villa worth crores at discount
Business

IL&FS probe: Ex-CEO of subsidiary helped leading rating agency official buy duplex villa worth crores at discount

The probe by the government's white-collar crime probe agency SFIO has already unearthed connivance of auditors and independent directors with the then top management of IFIN

Steel industry stares at production disruption in 2020; licences of 288 merchant mines to expire by March next year: Report
Business

Steel industry stares at production disruption in 2020; licences of 288 merchant mines to expire by March next year: Report

A delay in the auction of iron ore mines, whose licences are expiring by March next year, could hit steel production significantly in the country, a report has cautioned.

US-China trade tensions may lead to dumping of Chinese goods in India: India Ratings
Business

US-China trade tensions may lead to dumping of Chinese goods in India: India Ratings

The rise in US-China trade tensions could lead to dumping of Chinese goods and weaker flow of foreign investment from the United States to emerging markets, including India, Ind-Ra said Friday

India Ratings downgrades Yes Bank with negative outlook on concerns of bad loans
Business

India Ratings downgrades Yes Bank with negative outlook on concerns of bad loans

Days after Icra downgraded Yes Bank, India Ratings has also lowered the lender's long-term ratings on concerns of some of its loan exposure turning into bad loans

New projects investment unlikely to revive in FY20 though stress in corporate sector has 'plateaued': Report
Business

New projects investment unlikely to revive in FY20 though stress in corporate sector has 'plateaued': Report

For FY20, there will not be a major improvement in the liquidity positions and working capital for a majority of corporates, even as some sectors like metals and steel can witness some improvement

Domestic cement sector to see modest growth in FY20, manufacturers to benefit from continuing demand push: Report
Business

Domestic cement sector to see modest growth in FY20, manufacturers to benefit from continuing demand push: Report

Between 2008 and 2018, cement demand increased at 6.15 percent CAGR, while capacity increased at nine percent CAGR.