Small savings rates remain attractive compared to bank deposits: ICRA
The limited decline in small savings rates has made them relatively more attractive, compared to bank deposits, which appears to be a relief for the banking system that is flush with funds,... Compliance Certificate For Period Ended March 31, 2017
Compliance Certificate pursuant to Regulation 7(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the period ended March 31, 2017 Newspaper Copies of Post Buyback Public Advertisement
ICRA Ltd has submitted to BSE a copies of Post Buyback Public Advertisement (dated April 03, 2017) published in newspapers on April 04, 2017. Credit quality pressures on India Inc have eased: ICRA
Volume of the debt downgraded decreased sharply in FY17 Updates
Buyback of equity shares of face value of Rs. 10 each ('Equity Shares') by ICRA Limited (the 'Company') from the open market through stock exchanges ('Buyback') Intimation for closure of the Buyback Infra push to see cement demand improve to 5% in FY'18: Icra
An expected revival in the infra space may help the cement demand to grow to around 4 to 5 per cent in the next fiscal, according to rating agency ICRA. The agency said that FY2016-17 would be a flat year for the sector as demonetisation had a negative impact on real estate and construction activities and the situation is likely to normalise from the first quarter of FY 2017-18 onwards. ICRA is expecting an uptick in demand from road and irrigation projects and the housing segment next fiscal, which would support the cement prices going forward. Meanwhile, it also added that rising costs as transportation is likely to put pressure on the profitability for the next few quarters. "ICRA expects cement demand growth to recover to around 4-5 per cent during FY2018, driven by a pick-up in the infrastructure segment," ICRA Ratings Senior Vice President & Group Head Sabyasachi Majumdar said. The increased budgetary allocation for infrastructure sector, which includes roads, railways, Basmati export volumes seen reviving in 2017-18
Supported by higher paddy prices and resumption of imports by Iran, the basmati rice industry looks ahead to attractive growth in 2017-18, aided by export volume growth. Ratings agency ICRA has... 