Search For "icra"
Integrated sugar mills to benefit from ethanol procurement price rise
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov 8 (ANI): The five percent increase in the base price of ethanol for the procurement season 2017-18 (starting December 2017) for oil marketing companies (OMCs) is likely to result in an increase in the total contribution margin by around Rs. 200/MT of sugar produced for
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HFC portfolios are vulnerable owing to rising share of non-housing loans:
Updated : 8 years, 4 months ago IST
New Delhi [India], Oct. 30 (ANI): Even when housing loans continue to dominate the loan portfolio of Housing finance companies (HFC)s, the share of housing loans in the overall HFC portfolio has been declining owing to the higher pace of growth of non-housing loans, according to a report by
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Credit profile of Indian IT Services companies to remain stable, says ICRA
Updated : 8 years, 4 months ago IST
New Delhi [India], Oct. 26 (ANI): Credit rating agency ICRA has highlighted that the credit profile of Indian IT Services companies is likely to remain stable underpinned by its ability to sustain free cash flows despite pressure on revenue growth and margins.
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Bank recapitalisation significant to address growth capital requirements:
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct. 25 (ANI): Credit-rating body ICRA while welcoming the public sector unit (PSU) banks recapitalisation program that was announced on Tuesday said it would be "significantly positive" for banks to address their provisioning as well as growth capital requirements.
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IIP grows 4.3 pct in August; CPI inflation at 3.28 pct
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct 12 (ANI): Industrial production in the country rose to a nine-month high of 4.3 percent in August in the second month after the new Goods and Services Tax (GST) regime was introduced on July 1.
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Textile exporters facing growth, profitability pressures amidst multiple h
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct. 11 (ANI): The pressure on textile exporters has become more severe with the strengthening of the Indian Rupee against currencies of key competing nations during the current calendar year, which reduced competitiveness of Indian exporters compared to their counterparts
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Funding required for airport infrastructure to counter growing air traffic
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct. 7 (ANI): Amid growing air traffic, India would need to treble its airports capacity (terminal building capacity) at an estimated capital expenditure (CapEx) of Rs. 2.4 lakh crore in the next ten years, much higher than around Rs. 52,000 crore incurred over the last de
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Increasing revenues a silver lining for multiplexes: ICRA
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct. 6 (ANI): Over the last three years, the Indian multiplex industry has grown at approximately 13 percent CAGR in terms of operating screens and 14 percent CAGR in terms of revenue. The silver lining though is the healthy growth of food and beverages (F&B) and ad
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Continuing decline in coal imports to impact long term returns for port pl
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct 4 (ANI): The volume growth at major ports was low at three percent during the first five months of current fiscal, FY2018 as coal volumes recorded 12 percent decline during the period, even as iron ore volumes grew 29 percent.
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NBFC delinquencies to swell from current levels; profitability likely to r
Updated : 8 years, 5 months ago IST
New Delhi [India], Sep 27 (ANI): Non-banking finance Companies (NBFCs - excluding NBFC-MFIs) are likely to witness an increase in the 90+day delinquencies, by about 20-50 bps, from the levels of about 4.9 percent as on June 30, 2017.
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Hike in FII investment limits in corporate debt will aid the growth of bon
Updated : 8 years, 7 months ago IST
New Delhi [India], July 26 (ANI): At USD 10.11 billion during Q1FY2018, inflows from foreign institutional investors (FIIs) to the debt market were the highest in any quarter during the last decade.
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25 bps repo rate cut likely in August 2017 policy review, says ICRA
Updated : 8 years, 7 months ago IST
New Delhi [India], July 25 (ANI): Credit rating agency ICRA has anticipated that the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) would reduce the repo rate by 25 basis points (bps) in the upcoming policy review in August 2017.
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