CV finance industry to remain in slow lane: ICRA

Last Updated: Friday, August 9, 2013, 22:04

The commercial vehicle finance industry is likely to grow at a slower pace in the near-term, because of higher delinquencies, rating agency Icra said Friday.

Growth momentum in LCVs to remain strong: ICRA

Last Updated: Sunday, August 4, 2013, 17:42

Projecting a subdued outlook for the commercial vehicle segment in near-term, ratings agency ICRA has said that the light commercial vehicle (LCV) segment is likely to suffer some de-growth in the current year.

Better monsoons to hit cement companies in Q2: Icra

Last Updated: Thursday, August 1, 2013, 16:24

Excess rainfall in almost all parts of the country may lead to more than average slump in demand for cement this year, with the maximum impact being felt in the current quarter, says an Icra report.

Natural gas productn will to go up to 183 mmscmd by FY20: ICRA

Last Updated: Wednesday, July 31, 2013, 21:46

Domestic natural gas production, which has steadily declined in the last two years, is expected to increase from 111 mmscmd in FY13 to around 183 mmscmd by FY20 on the back of future discoveries, rating agency Icra said on Wednesday.

Auto components industry may invest Rs 7K crore on projects: ICRA

Last Updated: Tuesday, July 23, 2013, 19:21

The auto components industry may invest around Rs 7,000 crore over the next three years on new projects, although its revenue growth will remain weak in the absence of domestic demand and an uncertain global economic environment, rating agency ICRA said on Tuesday.

ICRA revises down FY14 growth forecast to 5.4-5.6%

Last Updated: Monday, July 22, 2013, 20:17

Ratings agency ICRA Monday revised down its FY14 economic growth estimate by 0.40 percentage points to 5.4-5.6 percent on weak economic data and recent rupee volatility.

ICRA upgrades ratings of three MFIs

Last Updated: Monday, July 1, 2013, 18:54

Rating agency ICRA has upgraded ratings of three microfinance institutions, Grameen Financial Services, Ujjivan Financial Services and Utkarsh Microfinance.

PSBs may net higher profit on softening G-Sec yield in Q1: Icra

Last Updated: Thursday, June 13, 2013, 15:11

Yields on the benchmark 10-year government securities (G-Secs) declined by around 60 basis points (0.6 percent) in the first two months of the fiscal.

Icra pegs FY14 CAD at 4.5%, GDP at around 6%

Last Updated: Tuesday, May 28, 2013, 19:06

The agency also forecast economic growth to recover mildly to 5.8 - 6 percent in 2013-14 from around 5 percent in 2012-13.

Icra Q4 net profit rises 5% to Rs 25.50 cr

Last Updated: Friday, May 24, 2013, 22:25

The company had reported net profit of Rs 24.27 crore in the year-ago.

Low cost deposit base key to new bank success, says ICRA

Last Updated: Friday, May 17, 2013, 16:23

Ratings agency ICRA on Friday said that low-cost current and savings account (CASA) deposit base and some regulatory relief in the gradual build-up of priority sector lending targets hold the key to success of non-banking lenders wishing to become banks.

Outlook for pharma companies positive: ICRA

Last Updated: Thursday, April 11, 2013, 17:41

Painting a favourable picture for the domestic pharmaceutical companies, ICRA said balance sheets of major pharmaceutical companies remain strong and provide adequate room for fund raising if required.