Market News

'India's fiscal deficit may rise to 4.7% of GDP in FY27 amid West Asia war'

India's fiscal deficit may widen to 4.7 per cent of GDP in FY27 as higher oil prices, subsidy costs and revenue risks from the West Asia conflict weigh on finances, writes Aditi Nayar of ICRA

Vodafone Idea shares rise after second upgrade in rating and outlook within a week

Vodafone Idea informed the exchanges that ICRA has upgraded its credit rating and revised the outlook assigned to 'stable' from its previous rating and outlook of BBB/(Positive).

Vedanta secures highest credit rating in over decade following ICRA Upgrade

Vedanta Group achieved its highest domestic credit rating in over a decade. ICRA upgraded key group entities, Vedanta Ltd and Vedanta Aluminium Metal Ltd, to AA+ with a stable outlook. This upgrade reflects strong operational performance and a robust financial profile. The rating signifies high safety for financial obligations and very low credit risk.

Vedanta shares jump 2% to hit fresh 52-week high. What’s behind the surge?

Vedanta shares hit a fresh record high after ICRA upgraded the company’s long-term credit rating to AA+ with a stable outlook, marking its highest domestic rating in over a decade. The upgrade reflects stronger profitability, improving leverage metrics and expectations of continued healthy cash flow generation following the group’s ongoing demerger process.

Vedanta share price hits record high after ICRA credit rating upgrade

Vedanta share price rose over 1% following the announcement of its highest domestic credit rating in over a decade. ICRA upgraded the long-term ratings of Vedanta Group entities to AA+ with a Stable outlook, reaffirming the short-term rating at A1+.

RBI Not Likely To Rush Into Monetary Tightening, Rate Hike Likely Towards End Of Year: ICRA Chief Economist

ICRA has raised its FY27 average consumer price inflation (CPI) forecast to 5%,

Bumper Dividend Alert: This Moody's Affiliate Declares Rs 105/Share Payout; Check Record Date

ICRA's Ebitda margin narrowed to 39.8% from 43.4%.

Cement companies' profitability to moderate in FY27 on rising fuel, logistics costs: ICRA

In FY27, Indian cement manufacturers are anticipated to experience a notable dip in profits, ranging from 10-15%. The escalating prices of power and fuel, fueled by geopolitical tensions in West Asia, are set to exert a financial pinch. Although cement prices are likely to rise, they will not fully bridge the gap created by increasing input costs.

Tega Industries receives ratings action from ICRA

ICRA Downgrades India's FY27 GDP Forecast To 6.2% From 6.5%

A slower expansion across the industrial and services sectors is expected to have moderated GDP growth.

IDFC First Bank receives affirmation in credit ratings from ICRA

Further, ICRA has also withdrawn the rating outstanding on the matured non-convertible debentures (NCDs), amounting to Rs 3,883.70 crore, as these have been fully redeemed and no amount is outstanding against the same.

Sun Pharmaceutical receives credit ratings from CRISIL and ICRA

Sun Pharmaceutical Industries (Sun Pharma) announced that CRISIL has reaffirmed the rating of the company's long term bank facilities at CRISIL AAA and short term bank facilities and commercial paper at CRISIL A1+.