Rising Input Costs to Hit Cement Companies’ Margins by 200-230 bps: ICRA
A rise in input costs for cement manufacturers is expected to hit the sector’s overall operating margins by 200-230 basis points in FY22, rating agency...
Tag : icra
State-Owned Lenders Net Profit Jumps 140%
Public sector banks posted 139.6 per cent growth in net profit in Q1FY22, on a YoY basis, gaining from a rise in other income (34.8...
HDFC Raises Fixed Deposit Rates by Upto 25 Bps
The mortgage lender has raised interest rates on FDs maturing between 33 and 99 months by up to 25 basis points (bps). One bps equals...
Indian Aviation Industry To Report A Net Loss Of Rs 21,000 Crore
The Indian aviation industry is expected to report a Net Loss of Rs 21,000 crore in the FY21 due to lower revenues and high fixed costs, according...
ICICI Prudential Raises Rs 1,200 Crore via NCD Sale
On Friday, India’s leading private sector life insurer ICICI Prudential Life Insurance Company said that it has raised Rs 1,200 crore of debt capital through...
ICRA Downgrades BMTC to Default
ICRA, the rating agency, has downgraded Bengaluru Metropolitan Transport Corp (BMTC) to default due to delays and irregularities in long term loan by the state-owned public...
CEO Naresh Takkar Sent On forced Leave By ICRA Amid SEBI Stress
On Monday, ICRA Ratings Ltd. has decided to send its managing director and chief executive officer Naresh Takkar on forced leave, pending an inquiry into...
Rating Of IDFC First Bank's Bond Programme Downgraded By Icra
Icra on Tuesday said it has downgraded long term rating of IDFC First Bank’s bond programme as a result of weak earnings and on higher...
Government To Pump Rs. 5,000 Cr. Pending Infusion In Bank Of Baroda
According to a senior official, the remaining capital infusion of Rs. 5,000 crores will be pumped by the government for the current fiscal year in...
ICRA Downgrades Reliance Capital's Short-term Debt Programme
Reliance Capital Ltd yesterday announced that the credit rating agency ICRA has downgraded its rating by one notch to A1 for the short-term debt programme...