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States' GSDP to contract up to 14 pc in FY21: Ind-Ra
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 29 (ANI): India Ratings and Research (Ind-Ra) expects the gross state domestic product (GSDP) of all states in India to contract during the current financial year in the range of 1.4 to 14.3 per cent.
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Ind-Ra downgrades Haldia Petrochemicals to AA-minus with negative outlook
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 29 (ANI): India Ratings and Research (Ind-Ra) on Monday downgraded Haldia Petrochemicals Ltd's (HPL's) long-term issuer rating to AA-minus from AA while resolving the rating watch negative (RWN).
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S&P downgrades four Indian NBFCs on weakening economic conditions
Updated : 5 years, 8 months ago IST
Singapore, June 27 (ANI): S&P Global Ratings has downgraded ratings on four Indian finance companies on weak economic conditions due to Covid-19 and affirmed ratings on two others.
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CARE downgrades BHEL's long-term bank facilites to AA
Updated : 5 years, 8 months ago IST
New Delhi [India], June 27 (ANI): CARE has downgraded the rating on the long-term bank facilities of Bharat Heavy Electricals Ltd (BHEL) to AA from AA-plus while reaffirming the outlook to stable.
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Continued decline in all-India power demand affecting thermal PLFs: Ind-Ra
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 27 (ANI): The all-India energy demand decreased 14.9 per cent year-on-year to 102.7 billion units in May while energy supply also decreased 14.9 per cent, resulting in the energy deficit remaining at 0.5 per cent (May 2019: 0.4 per cent), according to India
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Asset quality pressures building in housing loan portfolio, NPAs to worsen
Updated : 5 years, 8 months ago IST
New Delhi [India], June 26 (ANI): Nearly 30 per cent of housing finance companies (HFCs) portfolio is under moratorium and their gross non-performing assets (GNPAs) are likely to increase to 2.5 to 3 per cent in FY21, rating agency ICRA said on Friday.
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India's economy in deep trouble, growth may contract 5 pc in FY21: S&P
Updated : 5 years, 8 months ago IST
Singapore, June 26 (ANI): S&P Global Ratings said on Friday that Indian economy is in deep trouble with growth expected to contract by 5 per cent in the current financial year 2020-21.
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CLSA gives a buy call on IRB Infrastructure Developers with a target of Rs
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India] June 26 (ANI/NewsVoir): CLSA is bullish on BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) listed IRB Infrastructure Developers Ltd (IRB), India's leading and largest highway infrastructure developers, with an asset base of over Rs 45,000 crores, ha
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Asia Pacific telecoms on course for muted growth, 5G delays: Fitch
Updated : 5 years, 8 months ago IST
Singapore, June 26 (ANI): The average revenue growth for Asia Pacific telecom sector will be flat to low-single-digit this year (2019: 4 per cent) before recovering to pre-pandemic levels in 2021, according to Fitch Ratings.
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GDP to contract by 5.3 pc in FY21 due to Covid-19 woes: Ind-Ra
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): India's gross domestic product (GDP) will contract by 5.3 per cent year-on-year in the current financial year (FY21), marking the lowest growth rate in the country's history and sixth instance of economic contraction, India Ratings and Research (I
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HDFC Securities gives a buy call on IRB Infrastructure Developers with a t
Updated : 5 years, 8 months ago IST
New Delhi [India], June 24 (ANI/NewsVoir): HDFC Securities is bullish on BSE and NSE listed IRB Infrastructure Developers Ltd. (IRB), India's leading and largest highway infrastructure developers, with an asset base of over Rs 45,000 crs, has recommended Buy rating on the stock with a target
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ICRA, CARE downgrade Yes Bank's rating on upper tier-2 bonds to D
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): Rating agencies ICRA and CARE have downgraded Yes Bank's rating on Rs 32,611.7 crore upper tier-2 bonds to D.
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