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India Ratings revises FY22 GDP growth to 9.4 pc
Updated : 4 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 19 (ANI): India Ratings and Research (Ind-Ra) on Thursday revised its GDP growth forecast for FY22 to 9.4 per cent year-on-year and said the economic recovery will depend on progress of vaccination drive.
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Pandemic disrupting 2021 growth outlooks in southeast Asia: S&P
Updated : 4 years, 7 months ago IST
Singapore, Aug 19 (ANI): Emerging southeast Asian economies are facing intense headwinds from persistent Covid-19 pandemic waves, S&P Global Ratings said on Thursday, adding that private consumption and services will be hit hardest.
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HDFC Bank's $1 billion AT-1 bonds issue successful
Updated : 4 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 19 (ANI): HDFC Bank said on Thursday it has launched its one billion US dollar additional tier-one (AT1) bond issue.
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Jubilant Pharma to remain integral to group after reorganisation: S&P
Updated : 4 years, 7 months ago IST
Singapore, Aug 17 (ANI): S&P Global Ratings said on Tuesday that Jubilant Pharma Ltd will remain integral to the broader group even after its proposed reorganisation.
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80 MT cement capacity addition in next 3 years, a 10-year high: Crisil
Updated : 4 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 16 (ANI): Buoyed by healthy growth outlook, the cement industry is pressing the pedal on capacity additions with 80 million tonnes expected over the next three years through fiscal 2024, a quarter more than that seen during the last three fiscals (64 MT).
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Moody's assigns Ba3 (hyb) to HDFC Bank's proposed AT1 capital securities
Updated : 4 years, 7 months ago IST
Singapore, August 16 (ANI): Moody's Investors Service on Monday assigned a Ba3 (hyb) rating to HDFC Bank Ltd's proposed USD-denominated, undated, non-cumulative and subordinated additional tier 1 (AT1) capital securities.
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Discom losses to be 40 pc above pre-pandemic levels: Crisil
Updated : 4 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 14 (ANI): Cash losses of power distribution companies (discoms) will remain elevated at around Rs 46,000 crore this fiscal or 40 per cent higher than the Rs 33,000 crore seen in the pre-pandemic levels of fiscal 2020, Crisil Ratings has said.
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Ind-Ra assigns Barclays India AAA with stable outlook
Updated : 4 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 14 (ANI): India Ratings and Research (Ind-Ra) has assigned long-term issuer default rating for the Indian branch of Barclays Bank Plc (BBPLC) at AAA with a stable outlook.
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Crisil reaffirms A1-plus rating on Jubilant Foodworks
Updated : 4 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 12 (ANI): Crisil Ratings has reaffirmed A1-plus rating on the Rs 100 crore commercial paper programme of Jubilant Foodworks Ltd (JFL).
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Heightened risk aversion keeps bond issuances muted in Q1: ICRA
Updated : 4 years, 7 months ago IST
New Delhi [India], Aug 10 (ANI): Fresh rupee denominated bond issuances witnessed a sharp decline of 45 per cent to Rs 1.3 lakh crore in Q1 FY2022 on a YoY and a QoQ basis (Rs 2.3 lakh crore each in Q4 FY2021 and Q1 FY2021), according to rating agency ICRA.
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Pharma market reports 14 pc y-o-y growth in July
Updated : 4 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 10 (ANI): India Ratings and Research (Ind-Ra) said on Tuesday that 13.7 per cent y-o-y revenue growth in India's pharmaceutical market during 2021 was led by continued demand normalisation post the high growth months of April and May.
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Fitch affirms Glenmark Pharmaceuticals at BB on IPO of API business
Updated : 4 years, 7 months ago IST
Singapore, August 10 (ANI): Fitch Ratings has affirmed Glenmark Pharmaceuticals Ltd's long-term issuer default rating at BB after its active pharmaceutical ingredient (API) business completed an initial public offering (IPO).
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