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On the capacity front, ICRA expects around 18-20 MTPA to get added in FY2020.

Cement demand to pick up in Q3

There is a ray of hope as experts expect an upturn in demand from the third quarter, that is, post monsoon.

28 Jun 2019 1:49 AM IST

Almost half the downgrades by ICRA in FY18 were induced by the weakening business position of entities.

No duty gains to tyre firms

Now experts at ICRA felt that this duty imposition will not have significant impact on tyre demand for domestic tyre...

27 Jun 2019 1:44 AM IST

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

Troubled mortgage lender DHFL again misses debt payments

DHFL only been able to make a 40 per cent payment on unsecured commercial papers due on Tuesday.

26 Jun 2019 8:52 AM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Operational creditors suffer 58 per cent haircut

The operational creditors took a haircut of 58 per cent on the total claims of around Rs 8,140 crore.

20 Jun 2019 1:42 AM IST

The steel exports to the US from China, Japan and South Korea have fallen by 4,88,000 tonne in six months since the imposition of the duty barriers by the Trump Administration.

Steel industry seeks safeguard duty to counter rise in imports

The proposed duty is to cover under its purview products like semis, flats, longs, pipes and tubes, stainless steel and...

17 Jun 2019 2:05 AM IST

Mortgage lender Dewan Housing Finance Ltd (DHFL) on Tuesday said that it has cleared interest of Rs 961 crore due on non-convertible debentures (NCDs) and would be seeking a rating upgrade from agencies.

DHFL clears Rs 961 crore interest on NCDs

The company has made interest payments in lieu of Rs 961 crore as committed to its debenture holders.

12 Jun 2019 2:23 AM IST

Sugar prices in the domestic market were hovering around Rs 31,000/MT in April, 2019 (ex-mill, UP). Prices have recovered and now stand at Rs 33,000- Rs 33,500/MT.

Sugar dearer on cane availability concerns

Consider what Sabyasachi Majumdar, Senior Vice President & Group Head, Corporate Ratings, Icra, has to say about this.

3 Jun 2019 3:03 AM IST

Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

IL&FS case: Sebi widens probe into role of rating agencies

Grant Thornton was asked to review ratings provided by various credit rating agencies (CRAs) to IL&FS group companies.

21 July 2019 11:55 AM IST

Sebi regulates Indias capital market. (Photo: PTI)

CARE Ratings sends CEO Rajesh Mokashi on leave pending inquiry

The agency appointed T N Arun Kumar, currently executive director of ratings, as interim CEO.

18 July 2019 12:37 PM IST

Almost half the downgrades by ICRA in FY18 were induced by the weakening business position of entities.

Icra shares tumble over 5 pc after company sends MD and CEO on forced...

The scrip dropped 5.23 per cent to close at Rs 3,050.10 on BSE. During day, it tanked 8.83 per cent to Rs 2,934.

2 July 2019 4:52 PM IST

More Indian companies are likely to default on their borrowings in the fiscal year that started in April compared with the previous year on higher interest costs and a deterioration in business conditions, according to rating agency ICRA.

Challenges in resolution of construction firms: Icra

The financial creditors of stressed construction firms are likely to face high haircuts and smooth resolution still...

6 Aug 2019 2:42 AM IST

The official said that the BCAS is taking several other steps to ensure smooth movement of passengers at the airports without risking security.

ICRA: Domestic passenger traffic growth in July drops to 1.8pc at...

ICRA VP and Co-Head, Corporate Sector Ratings, Kinjal Shah said, Growth in industry capacity continued to be muted in...

12 Sept 2019 6:25 PM IST