Icra News

Rating agency ICRA expects the profitability of North Indian bulk tea players to witness significant improvement in FY2021, on the back of a steep increase already witnessed in H1FY2021 and significantly lower losses expected in H2 FY2021, given the expectations of ...

Domestic passenger traffic continued recovery in September, 2020 with sequential improvement of 37%; witnessed an estimated PLF of 63% on 46% capacity deployment, ICRA has stated in its report. "Post the initial recommencement of operations of the scheduled domestic flights with ...

With a merchandise trade deficit of US$11.6 billion in July-August 2020 (US$27.3 billion in July- August 2019), exceeding the US$9.1 billion recorded in Q1 FY2021 (based on data released by the Ministry of Commerce and Industry), ICRA anticipates that the size ...

ICRA expects FY2021 to witness a de-growth of 41-46% in domestic passenger traffic and 65-72% in international passenger traffic. "The revenues of the Indian aviation industry are expected to witness significant de-growth. The profitability of the industry will also be adversely ...

Suspension of fresh insolvency cases will provide relief to corporate sector; however, cases being referred could spike later if Covid-19 impact remains prolonged, ICRA has said in a report. "The recent announcement regarding the Insolvency and Bankruptcy Code (IBC) by the ...

Credit rating agency ICRA Ltd put its managing director and chief executive officer, Naresh Takkar, on compulsory leave over pending inquiry on anonymous allegations against him. In a regulatory filing on Monday, ICRA said, "Pending the completion of the examination of ...

SBI on Tuesday increased rates on its bulk deposits to match up with other retail deposits and this is likely to be followed by other banks too given the liquidity conditions as well as expectations of loan demand picking up in ...