Icra | The Asian Age

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In terms of equity volume, 55.86 lakh shares on the BSE and nearly 6 crore scrips on the NSE were traded during the day.

DHFL shares close with over 9 per cent loss

On the BSE, the scrip of the NBFC opened on a negative note and further slumped to Rs 117.65.

22 May 2019 5:15 PM

A recent study by ICRA suggested that these positive factors had attracted foreign investors who are entering the sector through investment platforms with the mandate of investing in industrial warehousing parks across the major cities of the country.

FIIs bet big on warehousing parks

Interestingly, the total amount of equity commitments to such platforms is at least $2.5 billion over the last two years.

17 May 2019 12:18 AM

Last week, Icra downgraded the long-term ratings of Yes Bank.

India Ratings downgrades Yes Bank with negative outlook

Icra downgraded the ratings on its six instruments totalling borrowings over Rs 33,000 crore by the lender.

09 May 2019 3:24 PM

Among non-special category states, Chhattisgarh and Jharkhand are the two top states in terms of proportion of development outlay deployed towards road asset creation. (Representational Image)

Maharashtra, UP to drive state-led capex in road sector in next 3 yrs

In Maharashtra, the estimated spend in case of Nagpur-Mumbai expressway alone is Rs 35,000 crore over next three years.

07 May 2019 6:15 PM

Consolidation of hospital groups resulted in a 115 per cent jump in M&A transactions in the healthcare delivery space in FY19. The total transaction value was the highest in five years.

M&A deal value in hospital sector jumps

The total transaction value was the highest in five years.

07 May 2019 5:20 AM

For Yes Bank, the agency downgraded the ratings on instruments totalling borrowings over Rs 33,000 crore by the lender, Icra said.

Yes Bank shares fall 5 pc on ratings downgrade

Icra downgraded Yes Bank's long-term ratings along with a negative outlook.

06 May 2019 12:53 PM

The increase in international oil prices is a credit negative for the Indian economy.

Indian consumers face post-election fuel price shock, economy could be hit

India’s oil import bill rose by nearly one-third in the fiscal year ending Mar 31 to USD 140.5 bn, against USD 108 bn.

27 Apr 2019 11:26 AM

The completion of the second round of medium-term power purchase agreement (PPA) auctions along with the slightly higher tariffs discovered is positive for the independent power producers (IPPs), ICRA said in a statement. (Representational image)

Higher tariff in auction for mid-term PPA auction positive for power producers: ICRA

Government had brought the scheme to give relief to coal-fired power plants which were operational but starving for coal.

25 Apr 2019 7:34 PM

Rhe wireless broadband subscriber base maintained strong momentum, demonstrating a growth of two per cent during the month of February. (Representational Image)

Wireless broadband subscriber base touches 532 mn in Feb: ICRA

The wireless subscribers increased to 1,183.7 million in Feb 2019, adding 1.7 million subscribers over the previous month.

24 Apr 2019 7:08 PM

cra said a USD 10 a barrel increase in oil prices will lead to a 0.10 per cent increase in the headline inflation. (Representational Image)

Rising crude prices to adversely impact CAD, rupee, inflation: Report

A 10 pc spike in crude prices can result in a 0.40 pc widening of the CAD and also push up inflation by 0.24 pc.

24 Apr 2019 2:15 PM

"In FY18 and H1 FY19, securitisation contributed to only 18-20 percent of the overall disbursements. However, this number leapfrogged to 37 percent and estimated 50 percent in the third quartet of FY19 and Q4 FY19, respectively," Icra group head (structured finance ratings), Vibhor Mittal, said in a note.

NBFC-MFIs raise Rs 26,000 cr through securitisation in FY19

The securitisation route to raise funds increased to meet their growth targets in FY19, according to a report by rating agency Icra.

15 Apr 2019 5:56 PM

Meanwhile, foreign investment of companies grew 18 per cent to $2.69 billion in March.

Banks close FY19 with 13.2 per cent credit growth

For FY18 bank credit had grown by 10.5 per cent to Rs 86.25 lakh crore while the deposit growth was a mere 6.7 per cent to Rs 114.26 lakh crore.

12 Apr 2019 1:58 AM

Mutual funds industry saw net outflows of Rs 22,357 crore in March as against net outflows of Rs 20,083 crore in February, the agency said. (Representational Image)

Mutual funds close FY19 with 11.41 pc rise in AUM at Rs 23.8 trillion

On a monthly basis, assets under management (AUM) grew 2.73 per cent from Rs 23.16 trillion in February.

11 Apr 2019 2:14 PM

The central bank also did open market operations (OMOs) during the third quarter which had led to a fall in yields thereby helping PSBs report lower losses.

PSBs to report higher losses for March quarter

According to analysts, the gross and net non-performing assets (NPAs) are likely to fall sequentially.

11 Apr 2019 1:06 AM

Supported by the high profit levels of miners, capital spending in expansion projects is expected to pick-up.

Steel, coking coal price trend diverges

Large global coking coal miners are achieving Ebitda ranging from $70-100/MT.

10 Apr 2019 1:34 AM

The retail credit growth of NBFCs has come down from 22 per cent in FY18 to 16 to 18 per cent by FY19.

NBFC retail to cross Rs 10 lakh crore

ICRA anticipates that the availability of funds and their cost will continue to be a worry in the first half of FY20 as well.

10 Apr 2019 12:40 AM

"Despite quashing of the circular, banks will continue to have an option to refer such defaulting borrower under IBC, in case the resolution plans fail," Icra said.

SC order on RBI circular negative for banks, may defer debt resolution

Moody's said the resolution of stressed loans impacted by the circular will be further delayed.

02 Apr 2019 7:42 PM

Domestic rating agency Icra said IT sector will clock a 7-9 per cent growth in FY20 mainly on demand for digital solutions. (Representational Image).

IT services sector may register growth upto 9 pc in FY20

Firming oil prices will lead to some discretionary spends by energy firms on digital spends and give IT firms some good news.

18 Mar 2019 4:11 PM

Discoms have already managed to bring down its losses and debt levels significantly under the UDAY scheme.

Inadequate tariff revision in FY20 a concern for discoms, says Icra

Electricity distribution utilities in 17 of the 29 states have filed tariff petitions for FY20.

13 Mar 2019 1:33 PM

TOT is a model for monetising operational national highway projects where investors make a lump sum payment in return for long-term toll collection rights backed by a sound tolling system. (Representational Image)

Success of TOT model critical for funding Bharatmala programme, says ICRA

Timely monetisation of mature road assets will be a critical determining factor in plugging shortfall in budgetary allocations, said ICRA.

07 Mar 2019 7:09 PM

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Dilip Cherian