Mumbai (Maharashtra) [India], May 29 (ANI): India's bicycle industry is pedalling to a decadal-high demand growth of 20 per cent this fiscal with sales likely to touch 1.45 crore units compared with 1.2 crore units last fiscal, according to Crisil Ratings.
Mumbai (Maharashtra) [India], May 28 (ANI): India Ratings and Research (Ind-Ra) has said that Covid 2.0's impact on the economy in the current financial year will be felt more through loss of demand impulse than supply-side disruptions.
Mumbai (Maharashtra) [India], May 28 (ANI): S&P Global Ratings has affirmed BB long-term and B short-term foreign currency issuer credit ratings on IDBI Bank.
Hong Kong, May 27 (ANI): Fitch Ratings has affirmed Indian Railway Finance Corporation Ltd's (IRFC's) long-term foreign and local currency issuer default ratings at BBB-minus.
Mumbai (Maharashtra) [India], May 26 (ANI): India Ratings and Research (Ind-Ra) has said the second Covid wave will have a material impact on vehicle financers' asset quality as borrowers are grappling with reduced capacity utilisation and increased operating costs.
Singapore, May 25 (ANI): The banking sector is becoming more exposed to cyber crime after Covid-19 pandemic accelerated digitalisation and remote working, S&P Global Ratings said on Tuesday.
Mumbai (Maharashtra) [India], May 24 (ANI): India Ratings and Research (Ind-Ra) said on Monday that collections for microfinance institutions (MFIs) and small finance banks (SFBs) are estimated to have declined 3 to 5 per cent in April and additional 5 to 7 per cent in first fortnight of May
Mumbai (Maharashtra) [India], May 22 (ANI): India's non-alcoholic beverages industry led by cola giants Pepsi and Coca-Cola is unlikely to reclaim pre-pandemic levels this fiscal, according to Crisil Ratings.
Mumbai (Maharashtra) [India], May 22 (ANI): Mindtree's recently announced acquisition of Nxt Digital business of Larsen & Toubro is credit neutral for the company, India Ratings and Research (Ind-Ra) has said.
London [UK], May 22 (ANI): The broader adoption of general-purpose central bank digital currencies (CBDCs) will present authorities with trade-offs between the associated risks and benefits, according to Fitch Ratings.
Mumbai (Maharashtra) [India], May 21 (ANI): Incremental order inflows in roads, railways, irrigation, housing development projects and distribution segments will drive the demand forecast for the infrastructure sector in FY22, according to India Ratings and Research (Ind-Ra).
Singapore, May 21 (ANI): Fitch Ratings has assigned Oravel Stays (OYO) a first-time expected long-term foreign and local currency issuer default rating of B(EXP).