Star Cement soars 11%, nears 52-week high on heavy volumes
The long-term demand prospects remain positive given the government's thrust on the affordable housing and infrastructure segments, ICRA said23-03-2023
23-03-2023
Fashion retailers expected to see 45 per cent growth in sales in FY23 : ICRA
Online sales up to 12-14 per cent in FY202220-03-2023
Domestic passenger traffic estimated to rise by 54% YoY in Feb: ICRA
Daily departures averaged 2,967, up from 2,044 in February 2022 and 2,900 in January 2023, but down from 3,137 in February 202014-03-2023
Domestic aluminum players need to invest to meet net zero target: ICRA
Domestic aluminium players would need a substantial increase in their renewable energy or low carbon-intensive power sources to meet their ambitious targets of 25 per cent reduction in carbon emissions in the next five-seven years and achieve net-zero status by 2050, ICRA said on Monday. "Domestic aluminium manufacturers have the highest carbon intensity of nearly 17-20t CO2e/tonne of aluminium, owing to the significant use of coal in generating captive power," ICRA said. According to an ICRA note on the primary aluminium industry, this could entail significant capital investments of up to USD 5 billion by 2030 and USD 20 billion by 2050, depending on the renewable energy (RE) mix used. However, instead of doing an upfront capex, entities may choose to sign power purchase agreements to secure RE power. Nonetheless, their cost of metal production is expected to rise significantly. The carbon intensity of Chinese aluminium producers also remains high due to increased coal usage....13-03-2023
Did rating agencies' outlook trim take a jab at Adani stocks? Group's m-cap crosses 9 lakh cr
Rating agencies such as ICRA, CARE, and Ind-Ra have reduced their outlook on some Adani firms to Negative..In the week that ended March 10, except for Adani Ent and cement stocks, all other Adani stocks posted an upside.12-03-2023
Housing sales volume grows 11 per cent across 7 cities in Q3: ICRA
Housing sales at 149 million sft in Q3 in the top seven cities is the highest quarterly sales recorded in over ten years08-03-2023
Outlook for Indian aviation looks stable: ICRA
The industry has witnessed improved pricing power, that has resulted in healthier yields and thus, the revenue per available seat kilometer- cost per available seat kilometer spread of the airlines has also fared better, ICRA said06-03-2023
ICRA LTD. - 532835 - Closure of Trading Window
Pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, the trading window for dealing in the shares of ICRA Limited (the 'Company') shall remain closed from March 8, 2023 till 48 hours after the declaration of financial results of the Company for the quarter and financial year ending March 31, 2023. As per the Code of Conduct of the Company for Prohibition of Insider Trading framed under the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, the Designated Persons and their Immediate Relatives are not allowed to trade in the shares of the Company during the closure of trading window. You are requested to take on record the above.06-03-2023
After Adani Total Gas, ICRA revises another Adani firm's outlook from stable to negative
ICRA took note that the Group's strong financial flexibility and APSEZL's track record of refinancing a large part of its debt with borrowings (mostly from overseas debt capital markets) of longer tenures at lower interest rates were the key credit strengths, which have been adversely impacted.05-03-2023
ICRA revises Adani Total Gas' outlook to negative on deterioration in group's s financial flexibility; reaffirms rating
ICRA believes that Adani Group's reduced financial flexibility can impact ATGL's ability to raise funds from the domestic and international markets and result in a higher cost of capital.03-03-2023