Economic activity and freight rates slows down growth in domestic freight sector: ICRA

With industrial output and consumption-driven sectors experiencing a slump during H2 FY2019, the freight demand in the country also withdrew in the last quarter of the previous fiscal. “Our... Read more »

India Inc revenue growth reaches a six-quarter low in Q4: Report

Weakness in consumer sentiments and softening commodity prices have led India Inc to deliver a six-quarter low revenue growth of 10 percent in the fourth quarter of FY19, a... Read more »

Kotak Securities, ICRA feel RBI’s dovish stance to steady inflation

According to analysts, RBI’s rate cut will help increase India’s GDP, while keeping the policy stance accommodative. “For the third successive time, in line with the majority market expectations,... Read more »

ICRA, Crisil give lowest rating to DHFL for failure to pay bonds

Ratings agencies ICRA and Crisil downgraded Dewan Housing Finance Corp Ltd’s (DHFL) commercial paper to their lowest ratings on Wednesday after the lender failed to make payments on bonds... Read more »

Revenue growth for India Inc drops to a six-quarter low in Q4 FY19 says report

The revenue growth of the Indian corporate sector slipped to a six-quarter low in the March quarter of FY19, a report said. It was weak consumer sentiment and softening... Read more »

Downward trends in domestic traffic because of Jet Airways grounding says ICRA

The domestic passenger traffic had seen an upward trend between July 2013 and March 2019, after witnessing year-on-year de-growth in June 2013, the rating agency said in the note... Read more »

Yes Bank share jumps 6%, even after a downgrade by India Ratings

Yes Bank shares went up 6 per cent in late morning deals on Thursday after slipping nearly 2 per cent in early trade after ratings agency India Ratings (Ind-Ra)... Read more »

Financial creditors to see a peak in realisation because of IBC in FY2020

ICRA Ratings has estimated that the financial creditors would realise more than Rs. 800 billion in FY2020 from the Insolvency and Bankruptcy Code (IBC), compared to about Rs. 660... Read more »

Microfinance sector recovering however, risk of overleverage continues, says Icra

The risk of over-leveraging in the microfinance sector has risen owing to the changing landscape of the sector, varying interpretation of the RBI guidelines as well as some gaps in the... Read more »

Tight liquidity creates slowdown in credit growth, asset quality, says ICRA

Housing finance companies (HFCs) have been facing tight liquidity conditions since September 2018 and this has pushed them to lower their disbursements and meet a sizable portion of their... Read more »