Outlook for NCR residential real estate market remains negative due to 222 mn sq ft unsold stock: ICRA
Noida's realty market has, in particular, witnessed significant issues, with certain developments undertaken by large developers getting delayed and undergoing litigation, which have adversely impacted consumer sentiment, it said
Scrappage policy to give fillip to automobile industry volumes: ICRA
Vehicle Scrappage policy will provide a fillip to automotive industry volumes and spur demand for new vehicles, rating agency ICRA said 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 20, 2021 till 48 hours after the declaration of financial results of the Company for the quarter and financial year ending March 31, 2021. 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. ICRA upgrades long-term debt rating of Muthoot Finance to AA+
ICRA has upgraded its ratings on the long-term debt facilities of Muthoot Finance Limited to [ICRA] AA+(Stable)' from [ICRA]AA(Stable)'. The rating Basic customs duty on imported solar cells, modules positive for domestic OEMs: ICRA
But may result in increase in solar tariffs
JSW Steel shares gain after ICRA reaffirms long-term rating, but upgrades outlook from stable to positive
The rating agency also reaffirmed the company's short-term (bank facilities and commercial paper) to ICRA A G-Sec yields may soften temporarily if last two weekly auctions are cancelled: ICRA
Government Security (G-Sec) yields could soften temporarily as the Government of India's (GoI) fiscal deficit may undershoot FY2021 Revised Estimate ICRA Ltd - 532835 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Details of the scheduled meeting with analyst/institutional investor Spectrum auction surpassed estimates; industry's debt levels to rise: ICRA
The results of telecom spectrum auctions, that grossed over Rs 77,800 crore, have "exceeded" initial estimates, ICRA said on Tuesday. While the value of sales was just 19 per cent of the value of total spectrum on offer, the debt levels of the industry are expected to rise further, post the auctions, and the debt protection metrics would continue to remain weak despite improvement in operating metrics, it said. Commenting on the telecom spectrum auctions, Ankit Jain, Assistant Vice-President, ICRA, said that the outcome exceeded earlier estimates and have fetched the exchequer around Rs 77,800 crore of which around Rs 28,000 crore will have to be paid upfront. "The telcos not only bid for renewals of the expiring spectrum but focused on consolidating their spectrum holdings in the 800 MHz, 900 MHz and 2300 MHz bands. While the sub-GHz bands will be crucial for 5G technology deployment going forward as well as improvement of indoor coverage, the appetite for 2300 MHz band stems from Moody's expects India's fiscal position to remain weak
ICRA believes economic recovery will continue in fiscal 2022