After hitting a near three-year high last week, the average cost on states’ borrowings has eased a tad this week’s auction by 4 bps to 7.67 per cent amid lower-than-indicated issuance. According to Icra Ratings, the weighted average cut-off or pricing of bonds eased by 4 bps to 7.67 per cent even as the supply … Read more
New Delhi: Ahead of the festive season, recovery in the Indian economy has strengthened in September as compared with pandemic-induced lows seen in April 2020. Going with the 15 non-financial high frequency indicators tracked by ICRA Ratings, nine have recorded growth in September 2020. On the other hand, five showed a narrower year-on-year contraction. Aditi … Read more
Mumbai: Farm sentiments have remained buoyant mainly driven by healthy monsoon and further optimism of a good kharif crop, according to a report. Agriculture income is likely to benefit over the medium term aided by increased government focus on rural income coupled with the recently introduced farm reforms, Icra Ratings said in the report. Moreover, … Read more
New Delhi: The domestic road transport sector is likely to contract by up to 20 per cent on account of COVID-19 pandemic-induced challenges, rating agency Icra said on Thursday. It has also revised the outlook on the logistics sector from ‘Stable’ to ‘Negative’, given the prevailing circumstances and its impact on the industry metrics. The … Read more