Search For "icra"
Margin pressure to persist for pharma companies: ICRA
Updated : 6 years, 5 months ago IST
New Delhi [India], Oct 5 (ANI): The growth and profitability of Indian pharmaceutical companies in current financial year will be constrained by regulatory interventions like price controls in domestic market and compulsory genericisation in overseas market, according to ICRA Ratings.
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Macroeconomic uncertainties impact global non-ferrous metal consumption: I
Updated : 6 years, 5 months ago IST
New Delhi [India], Oct 3 (ANI): Macro-economic uncertainties as well as weaker sentiments due to on-going trade wars have led to slowdowns in global consumption growths of aluminium and copper at 1.1 per cent and 0.5 per cent respectively during H1 CY19 from 4 per cent and 2.3 per cent growt
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Corporate tax cut a positive for power sector: ICRA
Updated : 6 years, 5 months ago IST
New Delhi [India], Sep 30 (ANI): The recent announcement by the government to lower the corporate tax rate is a positive development for the power sector as it will allow power generators with cost-plus power purchase agreements (PPAs) to pass on lower tax benefit to power distribution utili
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Benefit of corporate tax rate cut for India Inc to boost incremental inves
Updated : 6 years, 5 months ago IST
New Delhi [India], Sep 28 (ANI): ICRA Ratings has said that the recent corporate tax rate cut announcement by the central government with the intention of pump-priming economic growth, attract more investments and ultimately spur consumption augurs well for the industry.
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ICRA revises outlook on construction equipment sector to negative
Updated : 6 years, 6 months ago IST
New Delhi [India], Sep 26 (ANI): Following a sharp correction in unit sales amid slowing economic growth and infrastructure investments, ICRA has revised the outlook on construction equipment sector to negative.
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Threats looming for India's apparel exporters may slow pace of growth: ICR
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 24 (ANI): Though domestic apparel exports are expected to remain in the positive zone during rest of the year, there are multiple threats looming which could slow down the pace and make it challenging for apparel exporters, investment information firm and rating agenc
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Challenging environment to dent profitability of domestic steel makers in
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 18 (ANI): The domestic steel consumption growth is expected to decelerate to about 5 to 6 per cent in the current financial year as compared to 7.9 per cent in FY19 on the back of an unprecedented slowdown in economic activity as reflected by the GDP growth tapering d
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Strike on Saudi facilities may add a geopolitical risk premium to oil pric
Updated : 6 years, 6 months ago IST
New Delhi [India], Sep 16 (ANI): A coordinated drone strike on Saudi Arabia's key oil facilities over the weekend is expected to add a geopolitical risk premium to oil prices and is credit negative for Indian consumers, investment information company ICRA said on Monday.
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India Inc's revenue growth falters to 11-quarter low in Q1 FY20: ICRA
Updated : 6 years, 6 months ago IST
New Delhi [India], Sep 13 (ANI): The cumulative revenue growth of 642 companies in Indian corporate sector skidded to an 11-quarter low at 5.7 per cent in the April to June quarter of current financial year mainly due to weak consumer sentiments and subdued government spending on infrastruct
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Domestic passenger traffic growth subdued in 4M FY20: ICRA
Updated : 6 years, 6 months ago IST
New Delhi [India], Sep 13 (ANI): The domestic passenger traffic growth during first four months of the current fiscal year (April to July) witnessed year-on-year growth of a mere 1.6 per cent primarily due to end of the tourist season, according to investment information firm ICRA.
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ICRA cuts rating of Coffee Day's long-term loans to 'D'
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 11 (ANI): ICRA has downgraded the long-term rating assigned to Rs 315 crore term loans of Coffee Day Enterprises Ltd (CDEL) to D with negative outlook from BB plus.
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Challenging times ahead for petrochemical producers as olefins cycle set t
Updated : 6 years, 6 months ago IST
New Delhi [India], Sep 10 (ANI): With the olefins cycle likely to decline further, domestic petrochemical producers are expected to face tough times going forward which in turn is bound to lead to subdued returns.
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