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Passenger vehicle segment to lead sales recovery to pre-pandemic levels: C
Updated : 4 years, 6 months ago IST
Mumbai (Maharashtra) [India], August 23 (ANI): Passenger vehicles (PV) dealers are expected to lead a recovery among all automobile dealers sub-segments with 20 to 22 per cent revenue growth this fiscal to almost reach pre-pandemic revenue levels of fiscal 2020, rating agency Crisil said on
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Asia Pacific sovereign ratings can withstand Covid-19 waves: S&P
Updated : 4 years, 6 months ago IST
Singapore, Aug 23 (ANI): S&P Global Ratings believes low vaccination rates mean likely resurgences of new Covid cases in some parts of Asia Pacific in the next year or so.
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US generic business saw pricing headwinds during 1Q FY22
Updated : 4 years, 6 months ago IST
Mumbai (Maharashtra) [India], Aug 21 (ANI): India Ratings and Research (Ind-Ra) has said the decline in US sales of Indian companies was attributed to a high single-digit price erosion in US generic market coupled with a continued weak demand for the acute portfolio of products during 1Q FY2
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Fertiliser volume expected to moderate marginally in FY22: ICRA
Updated : 4 years, 6 months ago IST
New Delhi [India], Aug 21 (ANI): Primary fertiliser sales volume during first four months of FY22 registered 11 per cent decline compared to 4M FY21, mainly due to the base effect as during H1 FY21 fertiliser sales witnessed an upsurge owing to panic buying by farmers following Covid-19 pand
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July non-life insurance premiums shrug off pandemic cloud: Care Ratings
Updated : 4 years, 6 months ago IST
Mumbai (Maharashtra) [India], Aug 21 (ANI): The non-life insurance industry continued its strong performance with July numbers reporting 19.5 per cent growth in line with the trend seen during previous months, Care Ratings has said.
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ICRA revises GE Power India's outlook to negative from stable
Updated : 4 years, 7 months ago IST
New Delhi [India], August 21 (ANI): ICRA has reaffirmed A-plus rating on GE Power India Ltd (GEPIL) but said the outlook revision to negative from stable on the bank lines is driven by deterioration in credit profile on account of losses incurred in Q1 FY2022.
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India Inc credit outlook turns positive, upgrades rise: Crisil
Updated : 4 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 21 (ANI): Crisil Ratings has revised the credit quality outlook of India Inc for fiscal 2022 to positive from cautiously optimistic earlier, predicated on a sustained recovery in demand after the blip caused by the second wave of Covid-19 afflictions in the
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E-buses to witness healthy traction in coming years: ICRA
Updated : 4 years, 7 months ago IST
Gurugram (Haryana) [India], August 20 (ANI): Electric buses are expected to account for 8 to 10 per cent of new sales by 2025 and be at the forefront of India's electrification drive, according to rating agency ICRA.
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Firmed-up international prices brighten prospects for sugar exports: ICRA
Updated : 4 years, 7 months ago IST
New Delhi [India], Aug 20 (ANI): Sugar export prospects appear encouraging for next sugar season (SY2022) in light of recent surge in international raw sugar prices to around USD 430 per tonne in August -- the highest levels in past four years -- rating agency ICRA has said.
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S&P places Tata Group companies on creditwatch positive
Updated : 4 years, 7 months ago IST
Singapore, August 20 (ANI): S&P Global Ratings on Friday placed the long-term issuer and issue credit ratings on Tata Steel Ltd, Tata Motors, ABJA Investment Co Pte Ltd, TML Holdings Pte Ltd and Jaguar Land Rover Automotive Plc on creditwatch with positive implications.
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Equity raising critical for PNB Housing Finance amid rising delinquencies:
Updated : 4 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 20 (ANI): India Ratings and Research (Ind-Ra) has said equity infusion as planned is critical for PNB Housing Finance (PNBHF) to provide adequate buffers for growth and mitigate any possible asset-side stress.
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Recovery on track for malls as second wave subsides: Crisil
Updated : 4 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 19 (ANI): Malls have been recovering faster after the second wave compared with the first wave supported by a rapid easing of restrictions and pent-up demand, Crisil Ratings said on Thursday.
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