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Automotive Industry

22 Jun 2023

Automotive Component Makers To Register 10-12% Revenue Up This Year: Crisil

Further, the rating agency noted moderation in prices of key raw materials will support their operating margin to reach the pre-pandemic levels of 12.0-12.5 per cent against 11.9 last year.

19 Jul 2017

Indian banks face $37 billion hit from top 50 stressed assets: CRISIL

Indian banks may have to write off 60 percent of the value of bad loans from their 50 large stressed asset accounts, or a hit of 2.4 trillion rupees ($37.31 billion), ratings agency CRISIL said on Wednesday.

02 Jun 2017

Fitch affirms PFC rating at BBB- on strong govt support

Fitch Ratings has affirmed Power Finance Corporation (PFC) rating at BBB- and maintained a stable outlook due to strong government support and its healthy financial performance.

25 May 2017

IDBI Bank crafts turnaround plan; to focus on NPA recoveries

Hit by weak profitability and deteriorating asset quality, state-run IDBI Bank Thursday said it has formulated a turnaround strategy focusing on augmenting capital base and recovery from bad loans.

16 Oct 2016

BRICS agree to set up credit rating agency

Five-nation group BRICS Sunday agreed to set up an independent rating agency based on market-oriented principles saying it would further strengthen global governance architecture.

15 Oct 2016

Kamath bats for BRICS rating agency, says Big 3 constraining growth in emerging nations

Batting for a new credit rating agency backed by BRICS group, New Development Bank president K V Kamath on Saturday said methodologies of the big three global agencies are constraining growth in emerging nations.

21 Aug 2016

Urjit Patel as RBI Governor indicates policy continuity: Nomura

The appointment of Urjit Patel as the next RBI Governor signals government's preference for policy continuity and commitment to low inflation, says Japanese financial services major Nomura.

urban inflation

18 Jul 2016

Rural inflation is higher than urban: Crisil

Rating agency Crisil on Monday said while urban inflation fell from 9 percent to 5.3 per cent, rural inflation declined from 10.1 per cent to 6.2 per cent in the last one year.

12 Jul 2016

'Narendra Modi government's fiscal policy quite prudent; improving India's quality of growth'

Rating agency Crisil has heaped praises on PM Narendra Modi-led government at the Centre.

Minimum support prices

10 Jul 2016

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.

14 Dec 2015

Fitch retains India's rating, says growth will continue

India will continue to post good growth despite subdued prospect for the Asia Pacific region amid expected rise in US rates, dollar strength, and lower commodity prices, Fitch said while retaining India's rating.

31 Aug 2015

India pitches for rating upgrade by S&P on strong macro data

India on Monday pitched for rating upgrade by Standard and Poor's citing strong macroeconomic indicators, low inflation and improvement in fiscal as well as current account deficits.

26 Aug 2015

LCV sales to remain subdued during current fiscal: ICRA

Medium and heavy truck segment is likely to grow by up to 14 percent in the ongoing fiscal, while light commercial vehicle sales would remain subdued, rating agency ICRA said on Wednesday.

24 Jul 2015

Russia announces creation of credit rating agency

Russia's central bank said Friday it would launch a new credit rating agency by the end of the year in an apparent bid to rival US firms that recently downgraded the country's sovereign debt.

17 Jul 2015

Crisil Q2 Net rises 12% to Rs 65 crore

Country's largest rating agency Crisil Friday reported an over 12 percent rise in its consolidated net profit at Rs 64.92 crore for the second quarter ended June 2015.

07 Jul 2015

June quarter may see a mere 3% revenue growth: Crisil

Rating agency Crisil on Tuesday painted a gloomy picture on the earnings front.

30 Jun 2015

India to grow at 7.8% in 2015, surpass China: Fitch

Among the BRICS grouping, GDP growth will range from 7.8 per cent in India to a contraction of 3 per cent in Russia and 1.5 per cent in Brazil this year, said the Global Economic Outlook released by the Fitch Ratings.

22 Jun 2015

Moody's retains SBI deposit ratings at Baa3

Global rating agency Moody's has affirmed State Bank of India's (SBI) local and foreign currency deposit ratings at Baa3/P-3.

15 Jun 2015

ICRA pulls out services from Indonesia

Rating agency ICRA Ltd Monday said it has withdrawn its services from Indonesia in the wake of significant challenges in the current environment in the country.

07 Jun 2015

Steel prices may stay under pressure in FY16: Moody's

Subdued domestic demand and rise in imports from China, Russia and Korea had exerted pressure on steel realisations in the last fiscal, he added.

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