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Affordable housing to be growth driver for housing finance market

Affordable housing to be growth driver for housing finance market

Domestic rating agency Icra on Wednesday said affordable housing segment is likely to grow over 30 percent over the medium term and will be the key growth driver for the mortgage finance market.

India's current account deficit to touch $30 billion in 2018

India's current account deficit to touch $30 billion in 2018

India`s current account deficit is expected to increase by $10 billion to $30 billion in the 2017-18 fiscal due to higher oil and gold imports, credit rating agency ICRA said.

7.1% GDP estimate erroneous, Indian economy to grow 6.8% in 2016-17, says Icra

7.1% GDP estimate erroneous, Indian economy to grow 6.8% in 2016-17, says Icra

The arsenal thrown at government this time has come from domestic rating agency Icra, and not from the Opposition camp, which claims that incomplete data was used to arrive at advance GDP estimates for 2016-17.

Disappointed with contracted IIP data, India Inc pitches for sops to boost consumption-driven demand

Disappointed with contracted IIP data, India Inc pitches for sops to boost consumption-driven demand

Disappointed with the 0.7 per cent contraction in industrial output, India Inc has pitched for incentives to boost consumption-driven demand for attracting fresh investments.

IDFC issues commercial papers of Rs 700 crore

IDFC issues commercial papers of Rs 700 crore

Infrastructure lender IDFC Ltd has issued commercial papers (CPs) worth Rs 700 crore earlier this week.

'Global investments to help developers acquire new projects'

'Global investments to help developers acquire new projects'

With global investors committing over USD 2 billion in the Indian real estate sector, credit rating agency ICRA said developers would be able to acquire new projects and ensure healthy launch pipeline.

 PSBs' loan growth to remain muted at 9% till FY19: Report

PSBs' loan growth to remain muted at 9% till FY19: Report

Loan growth of state-run banks is likely to be remain at a low 9 percent over the next three years due to their limited availability of growth capital, warns a report. 

Commodity prices, construction key for rural economy: Icra

Commodity prices, construction key for rural economy: Icra

While favourable monsoon will be vital for rural recovery, the trend in commodity prices and recovery in construction activities also hold equal importance, domestic rating agency Icra said.

Two wheelers set to get costlier by up to 20% due to stringent emission norms

Two wheelers set to get costlier by up to 20% due to stringent emission norms

Zee Media Bureau

New Delhi: The adoption of proposed BS-VI emission norms for two-wheelers are likely to increase costs of two wheelers by 10-20 percent. The Indian credit rating agency ICRA said on Thursday.

Debt servicing ability of most large firms still weak: Report

Bloated credit profiles of corporates make their balance sheets vulnerable due to challenges from infrastructure, commodity meltdown and low consumption demand, leaving their interest coverage ability very weak, says a report.

Brexit unlikely to impact Indian auto component exports: ICRA

Brexit unlikely to impact Indian auto component exports: ICRA

Britain's exit from the European Union is unlikely to have a major impact on Indian auto component exports to the region, ICRA said on Friday.

ICRA upgrades SITI Cable’s Long Term Ratings to A- from BBB+

ICRA upgrades SITI Cable’s Long Term Ratings to A- from BBB+

Credit rating agency ICRA has upgrade the long term rating on term loans for SITI Cable Network Limited, an Essel Group Company to A- from BBB+ with a 'stable' outlook.

CAD to widen to $25 billion in FY17 on surge in gold imports, sluggish exports: Report

What may cause concerns for the Indian economy, country's current account deficit (CAD) is likley to widen to USD 25 billion this year from USD 20 billion in 2015-16 due to slowness in exports and sudden surge in gold imports, as per a report released on Friday.

Indian drug firms to face challenges in US market: ICRA

Indian drug firms to face challenges in US market: ICRA

Indian drug firms have registered strong growth over last decade driven mainly by the US market on account of large brands going off patent and sizeable organic and inorganic expansion.

Large corporate credit profiles still under pressure: Icra

Domestic credit rating agency Icra today said despite a surge in the number of upgrades in FY16, systemic credit quality continues to be weak with large borrowers in the power, roads, metals and mining sectors continuing to be under pressure.

'Jewellery sales may fall 40-50 tonnes in Jan-Mar on strike'

'Jewellery sales may fall 40-50 tonnes in Jan-Mar on strike'

Jewellery sales is likely to fall by 40-50 tonnes in the January-March period due to the ongoing strike against proposed 1 percent excise duty on non-silver jewellery, according to ICRA

Indian economy to grow 7.7% in 2016-17: ICRA

Indian economy to grow 7.7% in 2016-17: ICRA

The agency, in its Macroeconomic Update, however, said that although the fresh project pipeline appears robust, commencement of work will lag announcements, given moderate capacity utilisation in some sectors.

Competition between banks, NBFCS in retail credit to rise: ICRA

Competitive pressures on retail-focussed NBFCs are to intensify while banks are increasing focus on retail segments due the pressures on corporate credit, according to a report released on Thursday by credit rating agency ICRA.

Govt banks to see rating revisions over bad loan woes: Icra

Facing higher than anticipated bad loan stress, public sector banks (PSBs) are likely to see some rating revisions in the next few days, Icra said today.

Watch: SEBI is going to bring changes in the rules of credit rating agency

Watch: SEBI is going to bring changes in the rules of credit rating agency

SEBI is going to bring changes in the rules of credit rating agency