Tag Archives: icra

Exports rise for 11th month, up 43.3% in October

Led by engineering goods, petroleum products and gems and jewellery, India’s merchandise exports increased for the eleventh consecutive month in October and grew 42.33% on year at $35.47 billion. Official data released on Monday showed a 62.48% rise in imports … Continue reading

Posted in Investing | Tagged , , , , , , | Leave a comment

Fertiliser sales up 12% year-on-year in April-December period

New Delhi: Fertiliser sales volume have witnessed a growth of 12% year-on-year in 2020-21, according to rating agency Icra. It expects a strong fertiliser volume growth with rabi sowing reaching 67.5 million hectare after a healthy Kharif season driven by … Continue reading

Posted in Investing | Tagged , , , , , | Leave a comment

ICRA revises non-ferrous metal sector outlook to positive from stable

Rating agency ICRA has revised its non-ferrous metals sector outlook to positive from stable on the back of robust prices and improving demand despite a near-term concern of coal availability and increased cost of production for the non-ferrous metal companies. … Continue reading

Posted in Investing | Tagged , , , , , , | Leave a comment

India’s long steel makers to witness better margins and higher capacity utilisation in H2 of FY 22: ICRA

India’s long steel product industry which caters to the infrastructure and construction sectors is set to witness improved margins and better capacity utilisation levels in the second half of the fiscal year amid rising demand and reduced input prices. “Following … Continue reading

Posted in Forex | Tagged , , , , , | Leave a comment

Cement demand expected to grow by up to 20 pc in FY22: ICRA

Mumbai: Cement demand in India is likely to increase by 18%-20% in FY2022 over FY2021 with the volumes reaching back to around FY2019-FY2020 levels, amid a strong rural demand including affordable housing and a recovery in the infrastructure segment. “After … Continue reading

Posted in Market | Tagged , , , , , | Leave a comment

Gross NPAs of banks may decline to 6.9% by March 2022: Report

Gross non-performing assets (NPAs) and net NPAs of banks are likely to decline to 6.9-7 per cent and 2.2-2.3 per cent, respectively, by the end of March 2022 as compared to 7.6 per cent and 2.5 per cent, respectively, as … Continue reading

Posted in Stock price | Tagged , , , , | Leave a comment

GST levy on annuity payments of BOT-HAM projects to have limited impact on project cash flows: Icra

GST levy on annuity payments of BOT-HAM projects will have limited impact on project cash flows, domestic rating agency Icra on Wednesday. “With NHAI reimbursing additional tax burden on account of GST levy on annuity payments for BOT (build-operate-transfer)-HAM (hybrid … Continue reading

Posted in Investing | Tagged , , , , , , , | Leave a comment

Sugar companies likely to witness 5-7 pc revenue growth in FY’22: Report

Sugar companies’ revenue is likely to grow by 5-7 per cent in 2021-22, following firm domestic and global prices and expected growth in both sugar exports and ethanol volumes, according to a report. On the back of favourable pricing environments … Continue reading

Posted in Stocks News | Tagged , , , , , , , | Leave a comment

Canada’s Brookfield aims to sell Peak Infrastructure at a valuation of $1.2 billion

Six years after setting up a platform for its toll road assets, Brookfield Asset Management is looking to cash out. The Canadian asset manager aims to sell Peak Infrastructure, valuing the vehicle at Rs 8,700 crore ($1.2 billion) inclusive of … Continue reading

Posted in Stocks News | Tagged , , , , , , , , , , , , | Leave a comment

ICRA upgrades drug companies as China reopens

Mumbai: As China restarts manufacturing activity, including for pharmaceutical raw material, rating agency Icra has revised its outlook for the Indian pharma sector to ‘stable’ from ‘negative’ earlier. When Icra revised the rating earlier this year, the fear was that … Continue reading

Posted in Forex | Tagged , , , , | Leave a comment