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Dairy products output to grow 10 pc to Rs 2.83 lakh crore in FY21: Ind-Ra
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 18 (ANI): The manufactured dairy products output is estimated to grow 10 per cent to Rs 2.83 lakh crore in the current financial year from Rs 2.56 lakh crore in FY20 as households continue to drive the consumption of milk and milk products, India Ratings and
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Increased government borrowing unlikely to translate into meaningful fisca
Updated : 5 years, 10 months ago IST
New Delhi [India], May 16 (ANI): The government's announcement of enhancing gross borrowings to Rs 12 lakh crore from the budgeted Rs 7.8 lakh crore in FY21 will largely take care of the revenue shortfall, leaving little space for fiscal stimulus, unless the Centre sharply cuts the budgeted
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Chitkara University recognised as first Indian university for E-LEAD certi
Updated : 5 years, 10 months ago IST
Chandigarh [India], May 15 (ANI/NewsVoir): Chitkara University on Thursday received E-Learning Excellence for Academic Digitization (E-LEAD) certification from QS IGAUGE, the Indian arm of global rankings and ratings agency Quacquarelli Symonds for its readiness and excellence in online e
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ICRA reaffirms credit ratings for bank facilities availed by JTEKT India
Updated : 5 years, 10 months ago IST
New Delhi [India], May 12 (ANI): ICRA has reaffirmed credit ratings for the bank facilities availed by JTEKT India Ltd (JIL), the largest manufacturer of steering systems for passenger car and utility vehicle market in the country.
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Retail jewellers facing elongated working capital cycle amid lockdown: Ind
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 12 (ANI): Most retail jewellery players either have sufficient liquidity available or are backed by strong bank funding or outstanding free cash which will enable them to manage liquidity in the short term, India Ratings and Research (Ind-Ra) said on Tuesday
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OMCs' margins to take a hit post increase in taxes: Ind-Ra
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 9 (ANI): The recent hike in additional customs and excise duties on petrol and diesel will meaningfully affect profitability and leverage profile of the three public oil marketing companies (OMCs), according to India Ratings and Research.
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Fitch assigns Future Retail's final rating at CCC+ on liquidity pressures
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 8 (ANI): Fitch Ratings has assigned Future Retail Ltd (FRL) a final long-term issuer default rating (IDR) of CCC-plus.
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Moody's reviews India's negative rating, upgrade unlikely in near term
Updated : 5 years, 10 months ago IST
Hong Kong, May 8 (ANI): Moody's Investors Service said on Friday that an upgrade of its India's rating at Baa2 negative is unlikely in the near term due to economic shock triggered by coronavirus outbreak, weak policy implementation and high debt levels.
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Care downgrades Ashok Leyland's bank facilities, debentures to AA with neg
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 7 (ANI): Care Ratings has downgraded Ashok Leyland's bank facilities totalling Rs 4,200 crore and debentures from AA-plus to AA with a negative outlook due to falling demand of commercial vehicles in the backdrop of coronavirus pandemic led economic slowdown
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Ind-Ra assigns A1-plus rating to Dr Reddy's commercial papers
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 2 (ANI): India Ratings and Research (Ind-Ra) has accorded AA-plus rating to Dr Reddy's Laboratories Ltd's (DRL's) long-term issuer rating with stable outlook and A1-plus to commercial papers.
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Fitch affirms Axis Bank's IDR at BB-plus with stable outlook, downgrades V
Updated : 5 years, 10 months ago IST
Singapore, May 2 (ANI): Fitch has affirmed Axis Bank's long-term issuer default rating (IDR) at BB-plus with a stable outlook but downgraded the bank's viability rating (VR) by one notch to bb from bb-plus.
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Crisil revises outlook for bank borrowings, NCDs, fixed deposits of PNB Ho
Updated : 5 years, 10 months ago IST
New Delhi [India], May 1 (ANI): PNB Housing Finance said on Friday that Crisil has re-affirmed credit rating of its bank borrowing and non-convertible debentures (NCDs) at AA and fixed deposits at AA-plus.
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