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Acuité Research launched a special research publication on Indian Microfinance titled "Micro Finance in India – Macro Positive” on Sep 26, 2023. This is the first time that Acuité has published a priced report for the market.
The virtual event was graced by distinguished speakers who have seen the sector grow over the last two decades from close quarters.
Tamal Bandyopadhyay, senior business journalist and the best selling author of several books on the Indian financial sector, was present in our Kanjurmarg office during the launch and unveiled the report.
We also had the privilege of hearing Dr Alok Misra, CEO of Microfinance Institutions Network (MFIN), the larger of the two Self Regulatory Organisations (SROs) in the sector and Mr. Manoj Nambiar, MD & CEO of Arohan Financial Services Ltd, a fairly large microfinance company based in Eastern India. The event started with a presentation by Suman Chowdhury, our Chief Economist and Head – Research who shared some important takeaways from the report. The audience which comprised around 120 participants from the microfinance sector apart from many bankers and investors, were immensely benefitted from the deliberations. Meanwhile, there have been several enquiries on our report since launch and some of them have already translated into sales. Wishing the very best to our Business Development team on this maiden endeavour!
We also thank all the participants for making the webinar a huge success. In case you missed a part of the proceedings, the recording of the webinar can be accessed here:
Bringing together diverse perspectives from sectoral experts and interesting insights from leaders in the Indian Microfinance Industry, this webinar provided insights on:
- The impact of the pandemic on the MFI sector
- How MFIs are addressing the challenge of delinquencies
- Readiness of the MFI players to future-proof their businesses
- The changing landscape in the sector
- The growth
trajectory for the sector in the short to medium-term
We also thank all the participants for making the webinar a huge success. In case you missed a part of the proceedings, the recording of the webinar can be accessed here:
Our Executive Director & Chief Analytical Officer (CAO),Suman Chowdhurywas the distinguished speaker in a symposium on "Financing India’s Sustainable Growth – Challenges & The Way Forward” organised by the School of Business, Mody University. The other speakers included ShriRohit P Das, Regional Director, RBI and Ms Shilpa Gulrajani, Head – Corporate Development & Sustainability, Asia Pacific, BNP Paribas. The event also included a panel discussion with other eminent participants and moderated by Rakesh Bhutoria, Ex MD- Standard Chartered Bank. Acuité
To view the whole event, please visit the link:
https://www.youtube.com/watch?v=F6DLapTYTe0
Our Chief Analytical Officer, Suman Chowdhury spoke at the webinar organised by Sa-dhan, one of the SROs in the microfinance sector, titled "Addressing Risk with Growth in business in the Microfinance Sector".
The webinar which was attended by Mr Jiji Mammen, Executive Director, Sa-Dhan, Shri U.S. Paliwal, Former ED, RBI witnessed extensive deliberations on some pertinent issues facing the microfinance sector in India.
These included geographically concentrated exposure, the need for capital, RBI regulations, policy framework, technology, asset quality and reporting, amongst others.
We also deliberated on the ways to mitigate these risks through strong operational processes supported by technology.
Please refer to the below link further details:
https://bit.ly/3SmysDZ
August 3, 2022 evening witnessed a congregation of eminent speakers from a diverse universe of the regulatory body, fintech players, banks and private equity space at Finnovate - The emerging fintech landscape webinar. It received a fabulous response with a large number of participants from a diverse universe of private sector NBFCs, private sector and PSU banks, government bodies and policy think tanks.
Clearly, fintech platforms have demonstrated better cost efficiencies in granular credit delivery and these can improve further with scale, thereby facilitating financial inclusion. But to leverage on the full potential of "finnovation", all stakeholders need to work together to ensure:
The keynote address by Shri Suvendu Pati, CGM – FinTech Department, Reserve Bank of India (RBI) was the high point of the webinar, complemented by the rich insights from industry experts in the panel discussion as well as from the presentation made by the Acuité team were appreciated by the audience.
We sincerely thank Shri Suvendu Pati and our other speakers - Alok Mittal - Co-founder and CEO - Indifi, Vivek Veda - Co-founder and CFO- KreditBee, Rakesh Bhojnagarwala - Senior Vice President- Axis Bank, Pranay Jain - Director (Digital & Tech) – Avendus and Suman Chowdhury - Chief Analytical Officer- Acuité Ratings & Research Limited who acted as the moderator.
The webinar is part of the Acuité NBFC Insight 2022 Series which is a knowledge-sharing initiative in the financial sector based on solid in-house research.
We also thank all the participants for making the webinar a huge success. In case you missed a part of the proceedings, the recording of the webinar can be accessed here:
https://bit.ly/3Qo0NZ6
Key Takeaways:
Suman Chowdhury, our Chief Analytical Officer, gave insights on Sustainable Finance: Huge value at stake! at FICCI's #CAPAM2021 18th Capital Market Conference.
https://twitter.com/ficci_india/status/1421038805235027975?s=20
"Our Chief Analytical Officer participated in a webinar on the role of credit rating in bank loans and debt capital market. While the participants including the senior bankers highlighted the continuing relevance of the CRAs in the credit markets of India, the CAO shared his perspective on the growing importance of ESG factors in overall credit worthiness and the concerns around lack of adequate and timely information from a significant proportion of rated companies in India.
Here is the link to the recordings of the webinar: https://youtu.be/GNhekVHt4ps
Our CAO, Suman Chowdhury, talked about impact of various programs on corporate credit quality in a Bankers' Roundtable organized by JITO PROFESSIONAL FORUM Please refer to the link for further details: https://www.linkedin.com/feed/update/urn:li:activity:6745645574088916992
Mr. Suman Chowdhury spoke on the global economic environment and particularly that in South Asia in the backdrop of the lingering Covid-19 pandemic. While highlighting the recent credit landscape in India, he also shared post pandemic sectoral outlooks with an audience which comprised bankers and investors from Bangladesh. Please refer to the link for further details: https://www.linkedin.com/feed/update/urn:li:activity:6715213133134270464
Mody University School of Business (MUSOB) saw its MBA 2020-22 Program take off with an exciting 3 Day Orientation Program – 1st to 3rd September - conducted in online mode. A galaxy of speakers – mostly senior industry leaders - addressed the students on wide-ranging topics related to business, functional areas, social impact issues, soft skills and mindset grooming. Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, was the Chief Guest of the program. The three days was followed up by a concluding day – which saw the students reflecting on the learnings from the first three days and then finishing off with a well-managed cultural programs which got the students and faculty together as a family. Students from various parts of Rajasthan – as well as from other states like Haryana, Uttarakhand, Madhya Pradesh, Uttar Pradesh, West Bengal – have joined the program.
Suman Chowdhury, Chief Analytical Officer moderated a panel discussion which was based on the role of debt market, with special focus on market bonds.
Our President- Ratings, Suman Chowdhury was the moderator in the panel discussion on "Accessing Trade Finance for MSMEs". It was an absorbing session where the panelists deliberated on the alternative financing solutions for MSMEs like factoring services. "Trade finance is not just a convenient mechanism for financing of MSMEs but has also experienced lower defaults globally compared to traditional finance; it is important that all the key stakeholders work together to improve the access of MSMEs to trade finance, making them more export competitive in particular and helping them realise their growth potential." concluded Mr. Chowdhury.
As a panel member in the session on "Improving compliance in the Gems & Jewellery Sector” anchored by Manisha Gupta, Editor-CNBC, our President-Ratings, Mr Suman Chowdhury mentioned that better transparency and disclosure by the industry players is the key to winning the confidence of banks and rating agencies. "While diversity and size of the business have a role to play in the rating, the quality and the strength of the balance sheet has a larger significance”, he said.
A glimpse from the Cbonds Emerging Market Bond Conference held at Hong Kong, where Mr. Suman Chowdhury, President - Rating Operations, Acuité delivered an insightful presentation on ‘Indian Bond Markets & Credit Rating Landscape’. Some key messages included "Indian corporate bond markets have an attractive risk-return trade-off and significant potential to attract global investors. However, this will need credible information and research services out of India, better issuer governance structures and also strong facilitation from the regulators."
Mr. Jayesh Gandhi, CFA delivered an insightful presentation to the members of the analytical team at Acuité. In his session, Mr. Gandhi covered the returns and volatility across various asset classes, the key factors that determine returns, and a 38 year history of market returns segregated into periods of bull and bear phases among other aspects.
Acuité Ratings & Research organised the first edition of the India Credit Risk Summit on 11th February 2019 at The Regency Ballroom, Hyatt Regency, Delhi. Prof. Edward I Altman, Professor Emeritus of Finance at NYU, Stern School of Business, was the keynote speaker at the event. He is best known for the development of the Altman Z-Score for predicting bankruptcy. He shared his insights based on 50 years of his work on credit risk management. This was followed by a panel discussion - ‘Has the credit cycle bottomed out in India? – which bought together a group of experts to share their thoughts on the medium-term outlook on the credit cycle. The summit had a global reach and presence of policy-makers, regulators, bankers, investors, and business leaders.
Acuité Ratings participated in the Sa-dhan National Conference 2018 held on September 19-20, 2018 in New Delhi. Our President, Suman Chowdhury participated in the session "BUILDING A CULTURE OF RESPONSIBLE LENDING” where the co-panelists included Mrs. Neena Jain, General Manager, RBI, Mrs. Kalpana Pandey, MD& CEO, CRIF Highmark and Mr. Mukul Jaiswal, MD, Cashpor Credit. The session was moderated by Mr. Manoj Sharma, Managing Director, MicroSave Asia. Mr. Chowdhury mentioned that while the regulatory framework for the microfinance sector has been significantly strengthened, the risks of overleveraging cannot be ignored. Both industry SROs and the players need to use portfolio analytics, now available from credit bureaus, effectively to identify any emerging risks in a particular area.
Acuité
Ratings participated in the 15th Annual Capital Market Conference(CAPAM) organized by FICCI on Sept. 11, 2018.
Acuité's President Ratings, Suman Chowdhury was a panelist in the session on "Turnaround
of Stressed Assets" which was moderated by Ms. Shilpa Kumar, MD & CEO,
ICICI Securities and had eminent experts on the subject namely Dr. M.S. Sahoo,
Chairman, Insolvency & Bankruptcy Board of India (IBBI) and Sakate Khaitan,
Senior Partner, Khaitan Legal & Associates. Dr. Sahoo talked about the
journey in IBBI so far while the panelists elaborated on how IBC is evolving
quickly to speed up the resolution process and how it is bringing in a
transformation in the way recovery is made from stressed corporate exposures.
"The larger impact of IBC comes from the financial discipline it brings in
to the corporate sector, the strict monitoring of weak assets by the banking
sector and the investors' comfort from a transparent legal framework- most of
which are pre-requisites for a vibrant bond market in India going forward"
said Mr. Chowdhury, President, Acuité Ratings.
SMERA was the Ratings Partner for the 3rd Edition Economic Times SME Activator Summit, organised by Times Group at the Taj Mahal Palace, Mumbai on June 29, 2018. It was positioned as an aiding, enabling and energising platform for the SMEs in India and discussed the contemporary trends and pressing issues in the SME Industry. The event facilitated many speakers who were MDs, CMDs, CEOs, and Presidents of various banks and financial institutions.
SMERA was the Gold Partner for the "Mega Banking Summit" organised by the Institute of Chartered Accountants of India in Pune on March 3, 2018. Suman Chowdhury - President Ratings, SMERA, addressed 300 CAs and bankers, speaking about the financing landscape for MSMEs, SMERA's technological innovations and its role in the financial markets, SMERA's unique framework for rating of MSMEs and its increasing market share in the bank loan ratings segment.
The index provides a quantitative assessment of conditions facing India's small businesses on 6 parameters - Growth trend, Liquidity issues, access to Capital, Hiring trend, Industry performance, and Ease of Doing Business.
The index has been designed in collaboration with CAFRAL, research arm of Reserve Bank of India.
The survey is open to SMERA's esteemed clients and site challenges they are facing to expand their business.
Please click this link to participate: https://goo.gl/forms/0IkvNhZFhXwkNHX02
While your voice will reach the right authorities, we assure you that your personal details will be kept strictly confidential.
Your participation will be immensely valuable to create favourable business conditions and growth environment for SMEs.
Kalyan Jagnani, Senior Consultant, SMERA Ratings Limited, was one of the speakers at the 25th National Quality Summit, held in Bengaluru on 25-26 November. Mr Jagnani spoke on the topic ‘Opportunity Landscape for SMEs'.
SMERA was the Co-Partner for the SME Business Excellence Awards 2017- presented by Dun & Bradstreet and RBL Bank. The event was held on November 17, 2017 in New Delhi.
SMERA was the Knowledge Partner for the Banking Awards 2017 which were presented at an event held at the Four Seasons Hotel, Mumbai on Monday, August 21st, 2017. The event was attended by CTOs / CMDs / CEOs / EDs / MDs / Business Heads and other senior management personnel of leading Indian banks. The event served as a platform for stakeholders from the banking fraternity to network and connect with fellow business leaders.
SMERA was the Knowledge Partner for the SME Activator, 2017 event. The SME Activator event on SMEs was organized as a platform for SMEs to help prepare them for the GST as well as providing an understanding of the new opportunities, a market economy has to offer. As a part of the SME Spring Board Session, 8 SMEs were shortlisted and invited to present their business plans to an eminent group, forming the Jury and SMERA was involved in the nomination process.
SMERA partnered with Dun & Bradstreet for Corporate Awards 2017 held on June 1, 2017 in Mumbai. This event was attended by CXOs, MDs and Business Heads along with other senior management personnel of the big corporate houses. The objective of the event was to acknowledge and felicitate the companies across various sectors.
Sankar Chakraborti, CEO, SMERA Ratings Limited, spoke at the event, Empowering SMEs through Improved Financial Access: The Role of SME Data, Credit Rating, and Start-up Finance organized by ADB Institute and National Credit Bureau in Bangkok, Thailand on 14-15 March 2017
SMERA partnered with Dun & Bradstreet and Karur Vysya Bank for SME Cluster Series 2016: Rajkot held on November 22, 2016 at Rajkot. This event was attended by promoters from SME. The objective of the event was to highlight the growth drivers of doing business alongwith the challenges faced by SMEs.
SMERA partnered with Dun & Bradstreet and Corporation Bank for SME Cluster Series 2016: Coimbatore held on August 30, 2016 at Coimbatore. This event was attended by promoters from SME. The objective of the event was to highlight the growth drivers of doing business alongwith the challenges faced by SMEs.
SMERA in association with Sumedha Fiscal Services Limited launched its report titled How Safe are Banks' Assets’? focussing on 20 sectors. The launch event was held on June 10, 2016 in Kolkata.
SMERA partnered with Dun & Bradstreet for India's Top 500 Companies & Corporate Awards 2016 held on May 31, 2016 in Mumbai. This event was attended by CXOs, MDs and Business Heads along with other senior management personnel of the big corporate houses. The objective of the event was to acknowledge and felicitate the companies across various sectors.
Mr Sankar Chakraborti, CEO - SMERA Ratings Ltd, shared his views on Microfinance at World Trade Center on May 12, 2016 in Mumbai
SMERA partnered with Dun & Bradstreet and Oriental Bank of Commerce for SME Cluster Series 2016: Ranchi held on April 25, 2016 at Ranchi. This event was attended by promoters from SME. The objective of the event was to highlight the growth drivers of doing business alongwith the challenges faced by SMEs.
SMERA partnered with Dun & Bradstreet and Oriental Bank of Commerce for SME Cluster Series 2016: Hyderabad held on April 21, 2016 at Hyderabad. This event was attended by promoters from SME. The objective of the event was to highlight the growth drivers of doing business alongwith the challenges faced by SMEs.
SMERA partnered with Dun & Bradstreet and Oriental Bank of Commerce for SME Cluster Series 2016: Gurgaon held on March 16, 2016 at Gurgaon. This event was attended by promoters from SME. The objective of the event was to highlight the growth drivers of doing business alongwith the challenges faced by SMEs.
SMERA partnered with Dun & Bradstreet and Oriental Bank of Commerce for SME Cluster Series 2016: Vadodara held on March 14, 2016 at Vadodara. This event was attended by promoters from SME. The objective of the event was to highlight the growth drivers of doing business alongwith the challenges faced by SMEs.
SMERA partnered with Dun & Bradstreet and Oriental Bank of Commerce for SME Cluster Series 2016: Pune held on March 11, 2016 at Pune. This event was attended by promoters from SME. The objective of the event was to highlight the growth drivers of doing business alongwith the challenges faced by SMEs.
SMERA partnered with Dun & Bradstreet and Oriental Bank of Commerce for SME Cluster Series 2016: Visakhapatnam held on March 08, 2016 at Visakhapatnam. This event was attended by promoters from SME. The objective of the event was to highlight the growth drivers of doing business alongwith the challenges faced by SMEs.
SMERA partnered with Dun & Bradstreet and Oriental Bank of Commerce for SME Cluster Series 2016: Bengaluru held on February 19, 2016 at Bengaluru. This event was attended by promoters from SME. The objective of the event was to highlight the growth drivers of doing business alongwith the challenges faced by SMEs.
SMERA partnered with Dun & Bradstreet for India's Leading BFSI Companies 2016 held on Feb 25, 2015 in Mumbai. The event was attended by CXOs, MDs and Business Heads along with other senior management personnel from BFSI sector. The objective of the event was to highlight the trends and contribution of the BFSI sector.
Mr. Antony Jose, Vice President - Business Development, SMERA spoke at SME Entrepreneurship Development Seminar organised by Rotary and BSE in Mumbai on Dec 1, 2015.
SMERA partnered with Dun & Bradstreet for India's Leading Equity Broking Houses and Equity Broking Awards 2015 held on Sep 30, 2015 in Mumbai. This event was attended by CXOs, MDs and Business Heads along with other senior management personnel from leading equity broking houses. The objective of the event was to acknowledge and felicitate the equity broking houses for the exemplary performance across various categories.
SMERA partnered with Dun & Bradstreet for India's Top Banks and Banking Awards 2015 held on Aug 28, 2015 in Mumbai. This event was attended by CXOs, MDs and Business Heads along with other senior management personnel of the leading scheduled commercial bank. The objective of the event was to acknowledge and felicitate the banks for the exemplary performance across various categories.
On May 14, 2015, Sankar Chakraborti, CEO of SMERA , spoke at an interactive session with students at Great Lakes Institute of Management, Chennai. Sankar shared his insights on Indian Industry and economy. The lecture was followed by a Q&A session.
Sankar Chakraborti, CEO, SMERA spoke at CII - National Conference on MSME Funding "Enabling MSME Business in India-Funding & Support" on March 05, 2015 in New Delhi.
In its Proceedings & Recommendations report published after the 2nd NBFC National Summit held in January 2015, ASSOCHAM incorporated recommendations made by Sankar Chakraborti, CEO, SMERA Ratings Limited on the way forward for NBFCs in India.
Sankar Chakraborti, CEO, SMERA spoke at AIMA - 5th MSME National Convention to enlighten the delegates about the success stories of Micro, Small and Medium Entreprises on January 14, 2015 in New Delhi.
SMERA partnered with Dun & Bradstreet for SME Business Excellence Awards 2014 held on Nov 24, 2014 in Delhi. This event was attended by CXOs, MDs and Business Heads along with other senior management personnel from the SME fraternity. The objective of the event was to acknowledge and felicitate the SMEs for the exemplary performance across various sectors and categories.
SMERA partnered with Dun & Bradstreet for India's Top Banks and Banking Awards 2014 held on Aug 27, 2014 in Mumbai. This event was attended by CXOs, MDs and Business Heads along with other senior management personnel of the leading scheduled commercial bank. The objective of the event was to acknowledge and felicitate the banks for the exemplary performance across various categories.
SMERA partnered with Indian Overseas Bank for the seminar on Financing Options for MSME's & Benefit of External Credit Rating" held on Jun 07, 2013 in Chennai
SME Rating Agency of India Ltd partnered with Reliance Capital "The Indian SME Forum 2012" held on Aug 23, 2012 in Chennai.The objective of this event is to propel the SME movement by nurturing entrepreneurship and support SMEs across India.
| Acuite's insights on the Israel-Iran conflict covered by Financial Express 17 April 2024 Financial Express |
| Acuité's comments on CPI covered by Financial Express 14 April 2024 Financial Express |
| Acuité's quote on RBI's rate-cut covered by Moneycontrol 08 April 2024 Money Control |
| Acuité's Core sector report covered by SME Futures 06 April 2024 According to the analysis by Acuite Ratings & Research, the 6.7% year-on-year growth in February marks a significant uptick from the revised figure of 4.1% recorded in January. This surge, attributed to the highest growth print in the last three months, reflects a positive trend despite facing a less favourable base of 7.4% year-on-year growth in February 2023. |
| Acuité's quote on RBI MPC Covered by Financial Express in the story RBI Monetary Policy Meeting Highlights: RBI MPC decides to keep repo rate unchanged at 6.50%, maintains ‘withdrawal of accommodation’ stance 05 April 2024 Financial Express |
| Acuité's quote on RBI MPC Covered by News18 in the story Will RBI MPC Start Cutting Interest Rates From August 2024? 05 April 2024 News18 |
| Acuité's RBI MPC Quote covered by BusinessWorld in the story RBI Keeps Key Lending Rate Steady, Experts Offer Insights 05 April 2024 Business World |
| Acuité's RBI MPC Quote covered by Republic World in the story Why RBI kept rate unchanged, when is a rate cut expected? Experts weigh in 05 April 2024 RBI MPC has kept the status quo on the interest rates and the monetary stance in the first meeting of FY25 and for the seventh consecutive time. Not surprisingly, RBI has continued to reaffirm its commitment to disinflation and price stability without providing any guidance on the timing of the monetary policy pivot. The central bank would continue to be watchful about the increased crude oil prices and any upward risks in food inflation in the near term, given the forecast of an intense upcoming summer season. The governor highlighted the significance of keeping the "elephant in the forest” (metaphor for high inflation) for a durable period. The growth expectations for RBI continues to be strong with the GDP growth forecast for FY25 retained at 7.0%, reaffirming the strong momentum in domestic economic activity.
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| Moneycontrol: RBI MPC Meet Live: Suman Chowdhury, Chief Economist and Head – Research, Acuité Ratings & Research on RBI Policy 05 April 2024 |
| Acuité's MPC quote covered by The Week 05 April 2024 |
| Acuite's quote on WPI covered by Zee News 14 March 2024 Zee News |
| Acuite's quote on CPI Feb 2024 is covered by Financial Express 13 March 2024 Financial Express |
| Acuite's quote on IIP Covered by SME Futures 13 March 2024 SME Futures |
| PMI indices remain steady: Acuité Ratings revises FY24 GVA to 6.9% and GDP to 7.6%: 11 March 2024 Financial Express |
| India vs world: Optimism on Indian economy improving, says Acuité Ratings but geopolitics a global red flag 06 March 2024 Financial Express |
| Acuité's Core sector report exclusively covered by Financial Express 05 March 2024 Even as the combined Index of Eight Core Industries (ICI) increased at a moderate 3.6 per cent on-year in January 2024 which is a 15 month low print on an annualised basis, Acuité Ratings & Research Ltd said that the core sector along with the manufacturing sector is expected to be one of the key drivers of the economy over the medium term. |
| Acuité's report was mentioned in Business World's story NARCL Offers Bid To Buy Debt Of Three Bankrupt Companies 05 March 2024 Business World |
| Acuité's quote on GDP covered by Investing.com in the story Higher-than-expected GDP may lead to tight monetary policy from RBI for a longer period 01 March 2024 Investing.com |
| Acuité's quote on GDP covered by Economic Times in the story RBI may maintain policy rate amid strong Q3 GDP growth and delayed US rate cut expectation 01 March 2024 Suman Chowdhury, chief economist at Acuité Ratings & Research, said, "Clearly, the higher-than-expected momentum in the economy may lead to a tight monetary policy from the RBI for a longer period and any reversal in the current stance is unlikely over the next six months.”
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| Acuité's quote on GDP covered by Financial Express in the story GDP at 8.4% in Q3FY24: Economists raise some concern on marginal dip in consumption rate 01 March 2024 Suman Chowdhury, Chief Economist & Head of Research, Acuité Ratings |
| Acuité's quote on growth covered by Reuters in the story India's growth likely slowed to 6.6% last quarter as agriculture lagged 26 February 2024 Reuters |
| Acuité's input on growth covered by Business Standard in the story Economic growth likely slowed to 6.6% as agriculture lagged: Poll 26 February 2024 Business Standard |
| Acuité's quote on growth covered by The Print in the story India’s growth likely slowed to 6.6% last quarter as agriculture lagged: Reuters poll 26 February 2024 The Print |
| Acuité's comments on WPI covered by SMEFutures in the story India’s WPI eases for January 2024, experts forecast deflation continuation in manufacturing 14 February 2024 SME Futures |
| Acuité's quote on WPI covered by Moneycontrol in the story India's wholesale inflation at a 3-month low of 0.27 percent in January 14 February 2024 Money Control |
| Acuité's quote on CPI inflation covered by Financial Express in the story CPI inflation at 5.1%: With inflation softening, RBI may look at cutting interest rates in second half of fiscal, say experts 13 February 2024 Financial Express |
| Acuité's inputs on inflation picked up by Mint in the story Inflation is cooling but RBI has no reason to cut rates before June, say experts 13 February 2024 Live Mint |
| Acuité's quote on inflation covered by Reuters India inflation likely cooled to a three month low in January - Reuters poll 12 February 2024 Reuters |
| Acuité's expectations on CPI inflation covered by News18 in the story India's CPI Inflation Data for January 2024 To Be Out Today: What's Expected? 12 February 2024 News18 |
| Acuité's quote on inflation covered by Republic Tv in the story Retail inflation expected to dip to three-month low of 5.09% in January 12 February 2024 Republic World |
| Acuité's quote on RBI MPC picked up by Indian Express in the story Why MPC kept repo rate unchanged 09 February 2024 The Indian Express |
| Acuité's inputs on inflation are covered by Economic Times in the story India inflation likely cooled to a three month low in January: Reuters poll 09 February 2024 The Economic Times |
| Acuité's quote on inflation covered by Mint in the story India's retail inflation to drop to a three-month low in January at 5.09%, says Reuters report 09 February 2024 Live Mint |
| Acuité's quote on inflation carried by Business Standard in the story India inflation likely cooled to 3-month low in January, shows survey 09 February 2024 Business Standard |
| Acuité's quote on RBI MPC covered by Business Insider in the story RBI may not cut repo rate any soon or for six months: Economists 08 February 2024 Business Insider |
| Acuité's quote on RBI MPC covered by The Week in the story RBI likely to cut interest rates in 2024, but the wait just got longer 08 February 2024 The Week |
| Acuité's input on RBI MPC covered by Zee business in the story RBI MPC Meet Feb 2024 LIVE Update: Rate cut of 50–75 bps expected after June, says expert 08 February 2024 Holding a similar view, Suman Chowdhury, Chief Economist and Head of Research, at Acuité Ratings & Research, anticipates the status quo at least until June 2024. Thereafter, a rate cut totalling 50–75 bps in the next six months is anticipated by the expert. The policy stance may, however, be changed to neutral by April 24, given the low likelihood of a further rise in interest rates, Chowdhury added. |
| Acuité's quote on inflation covered by Investing.com in the story India inflation likely cooled to a three-month low in January: Reuters poll 08 February 2024 Investing.com |
| Acuité's analysis of the MPC covered by SME Times in the story RBI may not cut repo rate any soon or for six months: Economists 08 February 2024 SME Times
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| Acuité's quote on RBI MPC covered by Zee Business in the story RBI February 2024 policy preview: Status quo likely for sixth consecutive time; will the MPC change its stance? 07 February 2024 Zeebiz |
| Acuité Ratings & Research on Jan’24 PMI Indices 06 February 2024 The Hindu Business Line "The manufacturing sector has seen a growth slowdown in the third quarter of the current year, as reflected in the IIP data. This had been also corroborated by the PMI Mfg figures in Oct-Dec’23. The recovery in the PMI in Jan-24 raises hopes for an improved performance of the manufacturing sector including moderate export growth. The pickup in the PMI Services also increases expectations of better traction in services exports in the current quarter. A sustained better performance in these sectors in the rest two months of the fiscal can help the GDP growth to come closer to 7% in FY24; our current estimates stand at 6.8%.” |
| Acuité's comments on interim budget covered by Outlook: 02 February 2024 Outlook Planet |
| Acuité's report of the interim budget exclusively covered by SME Times in the story Interim Budget 2024 strategically paves way for sustainable economic growth: 02 February 2024 SME Futures |
| Acuité's quote on interim budget covered by Investing.com inthe story 'Constrained financially, government will not be in a position to offer tax reliefs post election' 02 February 2024 Investing.com |
| Acuité's quote on Interim Budget covered by Economic times in the story Expectations Highlights: Fingers crossed as Sitharaman set to present Modi 2.0 government's last Budget: 01 February 2024 The Economic Times |
| Acuité's quote on Interim Budget covered by Deccan Herald in the story Union Budget 2024: Measures for economy, select segments to feature in Sitharaman's 6th straight budget: 01 February 2024 Deccan Herald |
| Acuité's quote on Interim Budget covered by Financial Express in the story Budget 2024 Expectations: No big-bang measures likely; govt’s priority would be to achieve fiscal discipline, say economists 31 January 2024 Financial Express |
| Acuité's inputs on the interim budget covered by Mint in the story Measures for economy, select segments to feature in Nirmala Sitharaman's 6th straight budget: 31 January 2024 Live Mint |
| Acuité's quote on the Core sector covered by NDTVProfit in the story Eight Core Industries Grow At The Slowest Pace In 14 Months In December 31 January 2024 NDTV Profit |
| Acuité's interim budget report is covered in Business Today: 29 January 2024 Business Today |
| Acuité's quote on budget covered by business today: 29 January 2024 Business Today |
| Acuité's quote on the Indian economy covered by Mint in the story India's economy predicted to grow 6.9% this fiscal year: Reuters Poll 24 January 2024 mint |
| Acuité's inputs on the Indian economy covered by Business Standard in the story India to retain top economy title as govt spending stays strong: Poll 24 January 2024 Business Standard |
| Acuité's inputs on the Indian economy covered by News 18 India To Retain Top Economy Title In 2024 As Govt Spending Stays Strong: Report 22 January 2024 News18 |
| Acuité's quote on the Indian economy covered by BusinessWorld in the story India's Economy Expected To Grow 6.9% In Current Fiscal Year: Reuters Poll 24 January 2024 Business World |
| Acuité's inputs on trade covered by ET Auto in the story "Improved trade balance with better capital flows will be a positive for the rupee - ET Auto" 22 January 2024 ET Auto |
| Acuité's inputs on trade covered by Investing .cominthe story "Improved trade balance with better capital flows will be a positive for the rupee" 21 January 2024 investing.com |
| Acuité's comment on crude prices covered by Moneycontrol in the story Crude prices may stay capped on lower global demand despite supply challenges, geopolitical tensions: Energy experts 19 January 2024 Money control |
| Acuité's quote on WPI covered by Business Insider in the story Wholesale price inflation rises to 9-month high in Dec: 15 January 2024 Business Insider |
| Acuité's quote on WPI covered by Zee News in the story India's Wholesale Inflation Rises To 0.73% In December: 15 January 2024 Zeenews India |
| Acuité's quote on WPI covered by Investing.com in the story Wholesale price inflation rises to 9-month high in Dec 15 January 2024 investing.com |
| Acuité's quote on WPI covered by NDTV in the story Wholesale Inflation Accelerates To Nine-Month High In December 15 January 2024 NDTV Profit |
| Suman Chowdhury of Acuité Ratings & Research on IIP data 15 January 2024 The Hindu Business Line |
| Acuité's quote on Inflation covered by Republic World in the story Retail inflation in December inched slightly to 5.69% 12 January 2024 Republicworld |
| Acuité's quote on CPI covered by NDTV in the story India's CPI Inflation Rises To Four-Month High Of 5.69% In December 12 January 2024 NDTV Profit |
| Acuité's quote on IIP covered by Business Insider in Retail inflation inches to 4-month high in Dec; IIP growth slips to 8-month low in Nov 12 January 2024 "Industrial output for Nov-23 has disappointed even factoring in the impact of the festival holidays during the month and the adverse base factor. IIP has recorded a modest growth of 2.4% YoY, the lowest print in eight months since March 2023," said Suman Chowdhury, chief economist & head of research of Acuite Ratings & Research. |
| IIP quote covered by Investing.com in the story Industrial growth slumps to 2.4% in November 12 January 2024 investing.com |
| IIP quote covered by SME Times in the story Industrial growth slumps to 2.4% in November 12 January 2024 SME Times |
| Acuité's comments on the Oil and gas industry covered by Moneycontrol in the story "Oil and gas industry hopeful of energy transition funds, boost for cleaner fuels" 09 January 2024 Money Control |
| Acuité's comment on GDP covered by Republic World in the story Anticipated slowdown in second half of FY24 to play out strongly in Q4 09 January 2024
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| Acuité's comments on PMI covered by Business Today in the story What explains slowing of manufacturing PMI? 09 January 2024 Business Today |
| Acuité's comments on the Oil and gas industry covered by Moneycontrol Hindi in the story ऑयल एंड गैस इंडस्ट्री को स्वच्छ ईंधन के लिए बजट में मिल सकता है पैसा 09 January 2024
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| Acuité's comments on RBI expanding the list of eligible issuers covered by Financial Express in the story CP issuances to rise after RBI expands issuer eligibility 08 January 2024 Financial Express |
| Acuité's comment on PMI covered by Hindu Business Line in the story Here's what Suman Chowdhury, Chief Economist and Head –Research, Acuité Ratings & Research, said about Dec’23 PMI indices 08 January 2024 The Hindu Business Line |
| Acuité's story on budget expectation covered by Money Control in the story Budget 2024: Analysts keep an eye on infra spending, expect modest allocations in metals & mining sector: 08 January 2024 Money Control |
| Acuité Macro pulse covered by Business Today in the story "Economists see FY24 GDP growth at 6.5–6.7%" 03 January 2024 Business Today |
| Acuité's quote covered by Republic World in the story Is India becoming a spender economy? 03 January 2024
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| Acuité Macro Pulse - Dec’ 23: Cautious on the growth prospects for FY25 at this stage 03 January 2024 Suman Chowdhury, Chief Economist and Head – Research, Acuité Ratings & Research, CY2023 has been a special year for the Indian economy when the performance of the economy exceeded expectations. GDP growth was well over 7.0% in two quarters of the year albeit supported by a favourable base. Government capital expenditure did the heavy lifting for the economy, driving core sector activity and demand for commodities such as steel, cement, and coal. |
| Macro Pulse quote covered by Economic Times in the story "Global turmoil may restrict domestic impact, say economists" 03 January 2024 |
| Acuité's quote covered in Republic world in the story Red flags from the Red Sea 03 January 2024
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| Acuité Macroeconomic Performance Index sees moderation in November 02 January 2024 The Hindu Business Line |
| Acuité's quote on Core Sector Nov'23 covered by Republic World 29 December 2023
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| Acuité's quote on Core Sector Nov'23 covered by NDTV in the story Eight Core Industries Grew At Slowest Pace In Six Months In November: 29 December 2023 NDTV |
| Acuité's quote on Core Sector Nov'23 covered by CNBC in the story India's eight core sectors' growth up at 7.8% in November: 29 December 2023 CNBC TV18
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| Acuité's inputs on oil prices covered by Moneycontrol in their story "Rebel Ripples: Oil prices may rise temporarily due to the Red Sea crisis, say analysts" 19 December 2023 Money Control |
| Acuité's insights on Oil and gas industry covered by MoneyControl in the story "Budget@10: Oil and gas industry headed to energy transition, focused on self-reliance" 19 December 2023 Money Control |
| Acuité's comments on WPI covered by Business today in the story Costlier food items to keep pressure on wholesale inflation 14 December 2023 Business Today |
| Acuité's quote on Fed's commentary covered by MoneyControl: 14 December 2023 Money Control |
| Acuité's comments on WPI covered by republic world in the story: WPI in Nov at 0.26% back in positive territory after 7 months 14 December 2023 Republic World |
| Acuité's quote on CPI inflation covered by Republic World in the story "3-month high retail inflation in November. Where does food inflation go from here?" 13 December 2023 Republic World |
| Breaking down the confluence of factors driving bull rally in Indian bourses 11 December 2023 Investing.com |
| RBI allows reversal of liquidity measures under both SDF, MSF on weekends, holidays: What does it mean? 11 December 2023 Zeebiz |
| For equity markets, RBI's measure against personal loans is problematic: 11 December 2023 Zeebiz |
| Republic World: Repo rate not on cards, hawkish stance to be maintained: Economists 08 December 2023
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| Indian Express Monetary policy: Why RBI’s policy panel has kept repo rate unchanged, while revising growth upwards 08 December 2023 Indian Express |
| Zee News: RBI Monetary Policy 2023 LIVE Updates: Status Quo In Interest Rates For 5th Time; RBI Keeps Rate Unchanged At 6.5% 08 December 2023 Zee News India |
| Acuité's inputs on MPC Covered by Business today in the story"MPC: Will RBI increase its FY24 GDP forecast of 6.5 per cent now?" 07 December 2023 "Given the stronger growth momentum, there is a possibility that RBI revises its GDP forecast for the current year by 25-30 bps from the existing figure of 6.5%,” says Suman Chowdhury, Chief Economist, and Head of Research, Acuité Ratings & Research. |
| Moneycontrol: Eye on MPC: 5 things markets to watch out for in RBI governor's speech 07 December 2023 Money control |
| Looking ahead, India is preparing a carbon trading system to create an Indian Carbon Market, says Suman Chowdhury in an Outlook Planet authored article. 07 December 2023 Outlook Planet |
| Acuité's quote on RBI MPC covered by Mint in the story "RBI monetary policy meeting begins today: Here's all you need to know" 06 December 2023 "There is a strong likelihood that RBI-MPC will keep the benchmark repo rate unaltered at 6.50 per cent in the upcoming meeting and thereby continue with the pause mode for the fifth consecutive policy review. It’s also unlikely that there will be any revision in the monetary policy stance of withdrawal of accommodation," said Suman Chowdhury, Chief Economist and Head – Research, Acuité Ratings & Research. |
| RBI monetary policy meeting begins today: Economists say RBI to keep repo rate unchanged at 6.50% 06 December 2023 Suman Chowdhury, Chief Economist and Head – Research, Acuité Ratings & Research |
| Acuité's inputs on interest rate covered by Times Of India in the story RBI likely to stay with interest rate pause: 04 December 2023 Abhishek Upadhyay, an economist at ICICI Securities PD, highlights the robust growth momentum and well-behaved core inflation as factors supporting the anticipated pause. Suman Chowdhury, chief economist and head of research at Acuite Ratings & Research, foresees a sustained pause with potential inflationary pressures, especially if El Nino weather events impact food inflation. |
| Suman Chowdhury, Chief Economist and Head of Research, Acuité Ratings & Research writes about India's entry into other two global bond indexes in a Financial Express Authored Article- India’s tryst with global bond indices 04 December 2023 Finally after a long period of courtship of about 10-years, one of the global bond index providers (JP Morgan) has decided to include India in its family. While India allows foreign ownership of domestic bonds in a regulated manner, this act of global listing would clearly add a new dimension to India’s appeal as a destination for foreign investment. |
| Acuité's views on Q2GDP covered in Mint 01 December 2023 Livemint |
| Acuité's quote on Reserve Bank of India's key interest rate covered by Reuters in the story "RBI to hold rates at 6.50% through mid-2024, cut seen in Q3: Reuters poll" 01 December 2023 "I think the RBI's focus is to keep it at around 5%... They will be comfortable with it because of the volatile nature of food inflation and the kind of weather and climate risk that we are seeing," said Suman Chowdhury, chief economist at Acuite Ratings and Research. |
| Suman Chowdhury, Chief Economist & Head-Research, Acuité Ratings & Research Limited's analysis exclusively covered by SME Futures in the story: Why is manufacturing sector responsible for remarkable 7.6% GDP in Q2? 01 December 2023 In a surprising turn of events, India’s Gross Domestic Product (GDP) witnessed a significant growth of 7.6 per cent YoY during the second quarter of the fiscal year 2023-24, following the robust 7.8 per cent YoY in the first quarter. Suman Chowdhury, Chief Economist at Acuité Ratings and Research, provided insights into the key drivers behind this unexpected surge. |
| India’s breakneck GDP growth rate risks losing momentum as rural demand continues to falter 01 December 2023 money control |
| "Key things to watch out in July-Sept quarter growth data" Suman Chowdhury shares his perspective in Republic World 30 November 2023
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| Acuité's quote on India’s Q2FY24 GDP data covered by Financial Express in the story "India’s Q2FY24 GDP today: Economists expect growth in range of 6.8%-7% in July-Sept quarter" 30 November 2023 Meanwhile, Suman Chowdhury, Chief Economist and Head of Research, Acuité Ratings & Research Limited, said, "The resilience in urban demand is clearly one of the primary drivers of the current momentum in the Indian economy. Urban demand has reportedly been strong as reflected by a step up in passenger vehicle sales, online food deliveries, airline traffic and hotel occupancies which has particularly translated into a stronger than anticipated momentum in the services sector. While India didn’t win the ICC Cricket World Cup, the event surely did its bit to also push up consumption demand in the months of Oct-Nov’23 along with the regular festivities.” Nevertheless, he maintained that the rural engine is running on a slightly different track. "There are indications of a weaker rural demand due to the El Nino phenomenon, the estimated shortfall in the kharif crop and the risks to the current rabi crop,” said Suman Chowdhury. |
| Acuité's quote on GDP covered by Economic Times, CNBCTV 18, Economic Times: 30 November 2023 "Although we don't expect any significant moderation in the intensity of public capital expenditure, persistent headwinds on the export front, higher interest rates along with a tighter funding environment for consumer loans and weaker agricultural output due to the El Nino phenomenon can pose risks to the overall growth trajectory in the second part of FY24,” said Suman Chowdhury, Chief Economist and Head of Research, Acuité Ratings & Research."We expect 5.0-5.5 per cent growth in H2FY24 and hold on to our base forecast of 6.0 per cent for FY24," reported IANS, citing Chowdhury. |
| Rural consumption recovery was interrupted in Q2 FY24 owing to a confluence of adverse macroeconomic and seasonal factors. 29 November 2023 The Hindu Business Line
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| Acuité's inputs from the Macro Pulse, covered by News18 in the story 'India's Q2 GDP Data To Be Out On Thursday: What Analysts Expect?" 28 November 2023 News18 |
| Suman Chowdhury of Acuité Ratings discusses impact of ICC World Cup on India’s economy and growth projections- Hindu Business Line: 28 November 2023 The Hindu Business Line |
| Acuité's macro pulse report exclusively covered by Hindu Business Line India’s GDP to moderate to 5.0-5.5% in second half of FY24: 28 November 2023 The Hindu Business Line |
| Acuité's comment on Bank disinvestment covered by Outlook Business in the story 'Will The Government Find The Right Valuation For Bank Disinvestments After LIC’s Mess? 23 November 2023 Outlook India |
| RBI tightening of unsecured loans: Banks may need Rs 84,000 crore excess capital: 18 November 2023 Indian Express |
| Acuité's views on RBI's Latest Move On RBI's regulatory measures covered by news18in the story 17 November 2023 Suman Chowdhury, chief economist and head (research) at Acuité Ratings & Research, said that apart from a moderation in the aggregate growth of unsecured loans, the impact of the measures can be seen through the following: 1) A material increase in the interest rates charged on unsecured loans by banks and NBFCs, thus affecting EMIs2) Higher cost of borrowings for large and small NBFCs (including FinTechs) with a high proportion of unsecured retail loans in their AUM 3) Increased focus of NBFCs on diversification of funding from banks and higher issuances in both public and private bond markets with attractive yields 4) Higher mobilization of capital by NBFCs into unsecured lending to cater to the additional capital requirements 5) Sudden withdrawal of banks and NBFCs from the consumer loan market may also enhance delinquency risks in this category. |
| Acuité's comments on trade deficit- October 2023 covered by Hindu Business Line: 16 November 2023 The Hindu Business Line |
| Acuité's quote on WPI, covered by Business Today in the story WPI inflation expected to move to positive territory in coming months: 14 November 2023 Suman Chowdhury, Chief Economist and Head – Research, Acuité Ratings & Research noted that wholesale food inflation stood at 1.33% MoM and carry upside risks, given the continuing inflation in cereals, pulses and onions. |
| Acuité's views on CPI Inflation covered by Reuters in the story: Experts' view: India's retail inflation eases to 4.87% in October 13 November 2023 SUMAN CHOWDHURY, CHIEF ECONOMIST AND HEAD – RESEARCH, ACUITE RATINGS & RESEARCH |
| Acuité's comment on IIP covered by The Hindu Business Line 13 November 2023 Suman Chowdhury, Chief Economist and Head -Research, Acuité Ratings & Research "Industrial activity has seen a healthy uptick in the first half of the current fiscal with IIP growth at 6.0%YoY which is one of the highest prints for H1 if one excludes the last 2 years after Covid. While there still was some moderate base support, steady implementation of infrastructure projects has continued to boost demand for cement and steel while rainfall deficiency in the monsoon season has driven the demand for power and coal. Without the base support and risks of weaker rural demand, we expect IIP growth to moderate in the second half of the fiscal. On an overall basis, IIP growth is likely to be lower than 5.3% recorded in the previous year.” |
| Acuité's comment on IIP covered by Investing.com in the story "Growth in industrial production likely to be lower than 5.3% recorded in previous yr 13 November 2023 New Delhi, Nov 13 (IANS) Growth in industrial production to moderate in FY24, from 5.2 per cent recorded in FY23, as per Acuite Ratings and Research.Growth in India’s IIP eased to 5.8 per cent YoY in Sep23 from 10.3 per cent YoY in Aug23. The outcome was lower than market consensus of 7.0 per cent, and also marked the first negative surprise in the last four months. |
| Acuité's quote on CPI Inflation covered by BQ Prime 13 November 2023 India CPI inflation expectedly has taken a further dip, however, food inflation still continues to be almost at the same level, said Suman Chowdhury, chief economist and head of research at Acuité Ratings and Research. |
| Acuité comments on the story Indian rupee to trade near record lows despite surging growth- Reuters Poll: 08 November 2023 "With a reversal of capital flows next year, the RBI's intervention in the currency market should reduce," said Suman Chowdhury, chief economist at Acuite Ratings and Research. |
| Sankar Chakraborti, MD & CEO, Acuité Ratings & Research Limited shared his insights on green financing in a Business Standard article: 06 November 2023
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| Acuité's quote on PMI covered by The Hindu Business Line: 06 November 2023 Here's What Suman Chowdhury, Chief Economist & Head of Research, Acuité Ratings & Research, Said on PMI These readings may be an early indicator of a moderation in economic activity in the second half of the current fiscal due to lower agricultural output and weak rural demand. The PMI survey also reports a build-up of cost pressures particularly in the services sectors which may not allow core inflation to drop further from the current levels. We continue to stick to our original growth forecast of 6.0% for FY24. |
| Acuité's quote on core sector output in Sep’23 covered by The Hindu Business Line: 02 November 2023 "While the overall economy including the core sector has seen a solid momentum in the first half of FY24 partly supported by the base factor and the significant public expenditure in infrastructure, there are signs of a growth moderation in the second half of the year. Weaker rural demand may have an impact on core and industrial activity. In the short run, the Israel – Hamas conflict may also impact specific core industries such as petro-products and fertilizers.”
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| Acuité's quote from Macro Pulse covered by Hindu Business Line- Nifty set to open on a bearish note as global concerns prevail: 30 October 2023 |
| Macro Pulse Oct 2023 covered by Hindu Business Line 27 October 2023 "Following the ascending trail of the previous month, the Acuité Macroeconomic Performance Index (AMEP index) has shown further buoyancy in September. The average index print in the second quarter of the fiscal is 2.36% higher than in the corresponding period of the previous year. The steady and consistent momentum in economic activities in the second quarter of the current fiscal was supported by steady urban demand, onset of festive season, increased public expenditure in infrastructure and higher power demand in periods of deficient monsoon rainfall. Therefore, we expect the GDP growth in the second quarter of the fiscal to remain fairly strong at 6.4%-6.8%.
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| September 2023 AMEP covered by The HinduBusinessLine 19 October 2023 Hindu Businessline |
| Economy Watch: Economist Suman Chowdhury: IIP exceeds expectations, manufacturing at 14-month high: 16 October 2023 Suman Chowdhury, Chief Economist and Head – Research, Acuité Ratings & Research "IIP growth in Aug-23 has exceeded expectations by rising to 10.3% YoY vs 6.0% YoY in Jul-23. The growth in the manufacturing sector stood at a 14-month high of 9.3% YoY along with a moderate sequential output growth of 1.2%, better than the seasonal trend of the past. Cumulatively, IIP has grown by a healthy 6.1% YoY in the first five months of the fiscal which reflects a significant momentum in industrial activity.
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| Acuité's comment on WPI inflation, covered by news18: 16 October 2023 news18 |
| Acuité's comments on WPI inflation covered by Business today: 16 October 2023 Business today |
| Acuité's analysis of auto sector covered by The Hindu Business Line: 13 October 2023 The Hindu Business Line
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| ‘Best of both worlds’ – economists give thumbs-up to CPI, IIP data 13 October 2023 Money Control |
| Retail inflation falls to three-month low of 5.02 per cent in September: 13 October 2023 Suman Chowdhury, chief economist and head – research, Acuite Ratings & Research, said: "The geo-political risks in the background and the upward pressure on oil prices, apart from the food output risks, will keep the RBI’s monetary policy committee (MPC) watchful and any reversal of the monetary policy stance is likely to happen only in the next fiscal (year).” |
| Acuité comments on Retail inflation falls to three-month low of 5.02 per cent in September Covered by- The Print and other subsequent publications: 12 October 2023 The Print | The Telegraph | Business World | Republic |
| Acuité's comment on IIP covered by Business today: 12 October 2023 Business Today |
| Acuité's comment on IIP growth indicates steady festive demand and some boost from base effect Covered by Business Today: 12 October 2023 Business Today |
| Acuité's comments on PMI covered by Hindu Business Line: 09 October 2023 The Hindu Business Line
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| Acuité' comments on the story Crude supply, inflation risks for India if war spreads to West Asia: Economists covered by Investing India 08 October 2023 Investing.com |
| Acuité' comments on the story Israel Palestine Conflict: पश्चिम एशिया तक फैला युद्ध तो भारत पर भी हो सकता है असर, बढ़ सकती है महंगाई. Covered by Zee Business Hindi: 08 October 2023 सुमन चौधरी, मुख्य अर्थशास्त्री और अनुसंधान प्रमुख, एक्यूइट रेटिंग्स एंड रिसर्च लिमिटेड ने बताया कि सबसे बुरी स्थिति में, इस संघर्ष के पूरे पश्चिम एशिया में फैलने और इसमें कई देशों के शामिल होने की भी संभावना है. इससे कच्चे तेल (Crude Oil) की आपूर्ति में और चुनौतियां पैदा हो सकती हैं, जहां ओपेक प्लस (पेट्रोलियम निर्यातक देशों और अन्य तेल उत्पादक देशों का संगठन) द्वारा आपूर्ति में कटौती के कारण पहले से ही वैश्विक कीमतों में बढ़ोतरी हुई है. |
| Acuité comments on RBI MPC Covered by Economic Times: 06 October 2023 The Economic Times |
| Acuité comments on the story RBI-MPC's decision on repo rate may be unanimous but not on the stance: Econ .. covered by ET-BFSI 03 October 2023 BFSI |
| Acuite comments on the core sector- Covered by The Hindu BusinessLine: 03 October 2023 The Hindu Business Line |
| Acuité comments on the story ‘Satya MicroCapital raises $60 million from Japan’s Sumitomo Mitsui Banking Corporation’, covered by The Economic Times 30 September 2023 The Economic Times |
| Acuité comments on the story India’s Core Industries Up 12.1% In August, All 8 Sectors Record Growth* *covered by Business world 29 September 2023 Business World |
| Expect growth outcomes to moderate due to unfavourable statistical base along with several factors that play a role in pace of economic growth' Acuité comments on the story Rating Agencies Less Optimistic Than RBI On India’s Growth Rate For FY24, covered by Outlook Business 28 September 2023 Outlook India |
| Acuité comments on Crude oil prices to remain elevated but will not breach $100 per barrel in 2023 covered by Moneycontrol 27 September 2023 Moneycontrol |
| Microfinance lenders need to raise fresh capital in FY25 26 September 2023 The Economic Times |
| RBI will continue to hold on to the pause button on the interest rates in the current scenario. Said Suman Chowdhury, Chief Economist & Head - Research, Acuité Ratings- Covered by Zee business. 26 September 2023 Zee Business
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| The optimism on the CAD and the BoP have started to decline particularly after the unexpected rise in crude oil prices since Aug-23. Says Suman Chowdhury, Chief Economist and Head – Research, Acuité Ratings & Research. Covered by Times of India 19 September 2023 The Times of India |
| Acuite expects the WPI inflation to be in the positive territory over the next few months, covered by The Hindu: 14 September 2023 The Hindu |
| “Our latest heat map indicates that after a strong performance in Q1, the global headwinds and the freshly emerging domestic headwinds have started to impact the economic momentum in Q2.” covered by Hindu Business Line 14 September 2023
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| Acuité Ratings & Research believes that food inflation will continue to be a risk factor over the next six months though the near-term pressures have subsided, covered by The Hindu Businessline: 13 September 2023 The Hindu Business Line " IIP growth in Jul-23 has improved to 5.7% YoY vs 3.8% YoY in Jun-23. The growth in the manufacturing sector stood at 4.7% YoY although on a sequential basis, the output has been largely stagnant. The major growth drivers in the manufacturing sector were higher production of metals, pharmaceuticals and automotives. The mining sector has benefitted from the delayed rainfall across the country, leading to an YoY output growth of 10.7% during the month but its performance will be impacted by the seasonality factor. Typically, the electricity sector witnesses a decline in generation during the monsoon months but given the lack of consistency in the rainfall, the output has been relatively stable in the current quarter. Power demand and generation is estimated to have increased further in August due to the nation-wide deficiency in rainfall. It is encouraging to see both annualized and sequential output growth in the consumer goods sector in July-23 and this is likely to be due to the stocking requirements before the festive season. However, any sustained growth in consumer goods will require a consistently favourable demand scenario. Cumulatively, IIP has grown by 4.8% YoY in the first four months of the fiscal which we believe is healthy. We expect IIP to maintain such a trend for FY24 as a whole although the base factor will not remain as favourable.” - Mr. Suman Chowdhury, Chief Economist, and Head- Research, Acuité Ratings & Research |
| After Tomato Trouble, Will Sugar Leave A Sour Taste In The Festive Season ? 07 September 2023 Outlook India |
| Acuité Ratings & Research statement on passenger vehicle volumes ahead of festive season covered by The Hindu BusinessLine 07 September 2023
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| Read the article on the India GDP outlook for the year published in @CNBC TV 18 and penned by our Chief Economist and Head of Research, Mr. Suman Chowdhury. 31 August 2023 "While India's April-June GDP growth numbers are set to be robust, the growth outcomes are expected to moderate in the current and subsequent quarters, with slower momentum in exports and increased uncertainty on consumption growth. Unless there is a better than expected traction in private sector investments, the GDP growth for the full financial year is expected to be around 6.0 percent", he writes.To access the full article, click: |
| Read an article on India’s current GDP outlook, written by our Chief Economist and Head of Research, Mr. Suman Chowdhury, published by the Outlook Business. 29 August 2023 Amidst the robust GDP growth expected in Q1 of the year, there are risks of a moderate slowdown in the subsequent quarters on account of the headwinds to global trade and the uncertainty in near term agricultural output arising from weather events. Nonetheless, we believe that a step up in both public and private investments will support a healthy growth of 6% for FY24 as a whole.To access the full article, click: |
| Acuité expects the RBI to continue to maintain a hawkish stance in the near future, covered by IANS, and the story was picked up by Investing.com, Bhaskarlive, and other subsequent publications: 27 August 2023 Investing.com | Bhaskar Live | SME Times | Suryaa.com | News Room Odisha | Prokerala | Hi India | The Hawk | The News Men | Greater Kashmir | Vishva Times | Can India | Always First | Sakshi Post | Weekly Voice | Social News XYZ | Siasat | AP7AM |
| Acuité comments on the story ‘Q1 GDP growth seen at a four-quarter high of close to 8%', covered by Business Today: 23 August 2023 Business Today |
| Acuité comments on the story ‘High natural gas prices to cool after Australian workers’ stoppage is resolved: Analysts, covered by Moneycontrol: 23 August 2023 Money Control |
| Acuité’s Macroeconomic Performance Index (AMEP index) - July'23 signals Indian economic slowdown amid global uncertainty, covered by The Hindu Businessline: 22 August 2023 The Hindu BusinessLine |
| In an exclusive interview with Business Today, our Chief Economist and Head of Research, Mr. Suman Chowdhury, explains how India has helped set the agenda as G20 President: 21 August 2023 To watch an exclusive interview, click on the below link: |
| Acuité expects India's CPI inflation to remain above 7 percent in Aug'23, covered by News 18: 19 August 2023 News18 |
| Acuité comments on the story ‘Will Dairy Inflation Ease In Coming Months As Raw Milk Supply Improves?', covered by Outlook India: 18 August 2023 Outlook India |
| According to Acuité Ratings & Research, liquidity will be tighter than expected due to the iCRR, and this may lead to an increase in short-term rates, covered by The Times of India: 16 August 2023 The Times of India | The Economic Tines | BFSI | Business Journal |
| Acuité comments on the story ‘Share Market Highlights 14 August, 2023: Sensex rebounds with Reliance and Infosys boost; Nifty ends positive', covered by The Hindu Businessline: 14 August 2023 The Hindu Business Line |
| Acuité comments on the story ‘Retail Inflation: क्या खाएगी जनता? महंगाई आउट ऑफ कंट्रोल, 15 महीने में सबसे ऊपर', covered by Aaj Tak: 14 August 2023 Aaj Tak |
| Read an article written by our Chief Economist and Head-Research, Mr. Suman Chowdhury, on the RBI's latest monetary policy announcement, published by CNBC TV18 10 August 2023 To read the full article, click on the below link: |
| According to Acuité Ratings & Research, the likelihood of an extended pause on interest rates has been reinforced due to the uncertainty on the inflation front, covered exclusively by Bizz Buzz: 11 August 2023 Given such uncertainty on the inflation front, the likelihood of an extended pause on interest rates has been reinforced, says Suman Chowdhury, Chief Economist, and Head- Research, Acuite Ratings & Research. "In our opinion, any possible rate cut may not materialize before the last quarter of FY24. The liquidity will be slightly tighter than expected in the near term due to the ICRR imposition and this may lead to some increase in short-term rates,” Chowdhury said. |
| Acuité attributed RBI's hawkish stance to the unexpected announcement of an incremental CRR (ICRR), covered by The Economic Times: 10 August 2023 Furthermore, Suman Chowdhury, Chief Economist and Head- Research, Acuité Ratings & Research, attributed RBI's hawkish stance to the unexpected announcement of an incremental CRR (ICRR). "The hawkish stance is also reinforced by the unexpected announcement of an incremental CRR (ICRR) of 10 per cent on the incremental NDTL over the last 3 months which will help in absorbing a large part of the excess liquidity created through the return of the Rs 2000 notes and the large dividend to the government from RBI. Nevertheless, it has been stated that the need for the ICRR will be reviewed next month and may be done away with depending on the credit requirements during the festive season," He said.
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| Acuité comments on the story ‘RBI keeps repo rate steady: Here is what market experts, analysts, and industry leaders say', covered by Zee Business: 10 August 2023 Suman Chowdhury, Chief Economist, Head, Research, Acuité Ratings & Research "The governor sounded hawkish, highlighting that headline inflation needs to subside sustainably below 4 per cent and any surge in the inflation print if continued for a longer period, may necessitate fresh action. The hawkish stance is also reinforced by the unexpected announcement of an incremental CRR (ICRR) of 10 per cent on the incremental NDTL over the last 3 months, which will help in absorbing a large part of the excess liquidity created through the return of the Rs 2,000 notes and the large dividend to the government from RBI. Nevertheless, it has been stated that the need for the ICRR will be reviewed next month and may be done away with depending on the credit requirements during the festive season. MPC has again revised its average inflation forecast to 5.4 per cent in FY24 from 5.1 per cent earlier. Given such uncertainty on the inflation front, the likelihood of an extended pause on interest rates has been reinforced. In our opinion, any possible rate cut may not materialise before the last quarter of FY24. The liquidity will be slightly tighter than expected in the near term due to the ICRR imposition, and this may lead to some increase in short-term rates. Another encouraging development is the decision of the bank to come out with new steps to facilitate better access of funds to the infrastructure NBFCs (NBFC-IDFs) and the announcement of an open architecture for access to credit in India in the lines of ONDC." |
| Acuité comments on the story ‘Rate cut may not materialise before last quarter of FY24', covered by IANS, and the story was picked by investing.com and other subsequent publications: 10 August 2023 Investing.com | Hi India | Prokerala | New Room Odisha | Weekly Voice | Sakshi Post | Always First | Insight Online News | Social News XYZ | The News Men | Maeeshat Given such uncertainty on the inflation front, the likelihood of an extended pause on interest rates has been reinforced, says Suman Chowdhury, Chief Economist, and Head- Research, Acuite Ratings & Research. "In our opinion, any possible rate cut may not materialize before the last quarter of FY24. The liquidity will be slightly tighter than expected in the near term due to the ICRR imposition and this may lead to some increase in short-term rates," Chowdhury said. |
| Although India’s nominal GDP in 2022 was the fifth largest in the world at USD 3.4 trillion (£2.6 trillion) and is set to rise to USD 3.8 trillion (£2.9 trillion) in 2023, its per capita GDP is pulled down by its large population", says our Chief Economist and Head-Research, Mr. Suman Chowdhury, in an exclusive interview with India Weekly: 07 August 2023 As per Mr. Chowdhury, India’s low employment and per capita income issues can’t be solved overnight. https://www.indiaweekly.biz/exclusive-indias-low-employment-per-capita-income-problems-cant-be-solved-overnight-says-acuite-ratings-chief-economist/ |
| Read an article written by our Chief Economist and Head-Research, Mr. Suman Chowdhury, in the Financial Express on the adequacy of India’s foreign exchange reserves: 05 August 2023 India’s total forex reserves have reclaimed USD 600 bn mark (as on Jul 14, 2023) after a gap of almost thirteen months. The sequential increase of USD 31 bn in forex reserves in FY24 so far appears impressive. Going by the current trend, the reserves can scale a new record high of USD 650 bn before the end of FY24. |
| Acuité comments on the story ‘With a hawkish undertone, RBI-MPC may continue to retain the repo rate: Experts', covered by IANS, and the story was picked by Zee Business, and other subsequent publications: 05 August 2023 Zeebiz | The Freedom Press | Odisha TV | Prokerala | Canindia | Always First | Social News XYZ |
| Acuité comments on the story ‘Relief unlikely for homebuyers as RBI may hold key rates steady till June 2024', covered by India Today: 01 August 2023 India Today |
| Acuité comments on the story ‘RBI to hold rates at 6.50% through Q1 2024, cut in April-June: Reuters poll', covered by Reuters 01 August 2023 Reuters | Samachar Central | Republic World | News18 | Samachar Central | The Local Report |
| Acuité comments on the story ‘Despite High Profit Margins, What Stops Manufacturing Firms' Capex Cycle?, covered by Outlook India: 31 July 2023 Outlook India |
| Acuité comments on the story 'RBI won't revise repo rate, decision to be unanimous: Economists', covered by IANS, and the story was picked by Investing.com, SME Times, Weekly Voice, and other subsequent publications: 31 July 2023 Investing.com | SME Times | Weekly Voice | The Freedom Press | Prokerala | News Room Odisha | Suryaa | Hi India | Social News XYZ | Maeeshat | The Siasat Daily | Alwaysfirst |
| Acuité comments on the story ‘Core Sector Growth Witnesses 5-Month High Jump At 8.2% In June', covered by Business World: 31 July 2023 Business World |
| Acuité comments on the story ‘High likelihood of correction in equity markets over next few months, covered by IANS, and the story was picked by Investing.com, Daily Hunt, IB Times, and other subsequent publications: 30 July 2023 Investing.com | Daily Hunt | International Business Times | The Freedom Press | The Shillong Times | Hi India | Prokerala | Vishva Times | News Room Odisha | Can India | Greater Kashmir |
| Acuité comments on the story ‘India’s economy to hold top spot for GDP but not so much for jobs growth, covered by Reuters, and the story was picked by The Economic Times, ET BFSI, ET CFO, Business Standard, Financial Express, Indian Express, Firstpost, and other subsequent publications: 24 July 2023 The Economic Times | ET CFO.com | BFSI | Financial Express | Business Standard | Indian Express | Firstpost |
| "Strengthening domestic demand, a growing consumer market, a thriving startup ecosystem, significantly increased government spending on infrastructure, and the digital wave, are configuring India’s reform trajectory," writes Mr. Sankar Chakraborti, our MD & CEO in this opinion piece titled - Why India’s growth story seems so believable. 19 July 2023 Financial Express |
| Acuité believes that the rise with regards to electronic goods is primarily on account of higher exports of mobile phones from India, given the PLI incentives that are being provided, covered by BQ Prime 18 July 2023 BQ Prime |
| Acuité comments on the story ‘Crude oil prices not sustainable beyond $80 per barrel: Analysts', covered by Moneycontrol: 17 July 2023 Money Control |
| Acuité believes that the RBI will continue with its pause stance for an extended period possibly till December to watch for such risks while also assessing the impact of the 250 bps rate hike on the economy, covered by IANS and the story was picked by Bhaskar Live, and other subsequent publications: 16 July 2023 Bhaskar Live | hi India | Prokerala | Can India | The Freedom Press | Weekly Voice | Social News XYZ |
| Acuité comments on the story ‘Higher Food Price Drives India’s Retail Inflation To 4.81% In June', covered by Business World: 12 July 2023 Business World |
| Acuité projects a CAD of 1.4 percent of GDP and a BOP surplus of $24 billion in FY24', covered by Outlook India: 07 July 2023 Outlook India |
| Acuité comments on the story ‘HDFC-HDFC Bank Merger: How Will The Mega Merger Impact The Banking Sector And Markets', covered by Outlook India 01 July 2023 Outlook India |
| Acuité comments on the story ‘Savings, Fixed Deposit Rates May Go Up As Banks Struggle To Attract Deposits', covered by Outlook India: 26 June 2023 Outlook India |
| Acuité comments on the story 'Gov't spending to drive India growth this fiscal year, economists say', covered by Reuters, and the story was picked up by The Economic Times, Business Standard, The Indian Express, Livemint and other subsequent publications: 23 June 2023 Reuters | Economic Times | Business Standard | The Indian Express | Livemint |
| Acuité comments on the story ‘Is Indian Government’s Divestment Plan Losing Sheen?', covered by Outlook India 20 June 2023 Outlook India |
| Acuité comments on the story ‘El Nino: How Can Below-Normal Monsoon Impact Indian Economy?’, covered by PTI, and the story was picked up by The Outlook, and other subsequent publications: 19 June 2023 Outlook India |
| Acuité comments on the story ‘Crude oil prices may rise as Saudi output cuts kick in but remain range-bound: Experts', covered by Moneycontrol.com: 19 June 2023 Money Control |
| Acuité comments on the story 'SGX Nifty indicates another lacklustre day for domestic markets', covered by The Hindu Businessline: 15 June 2023 The Hindu Business Line |
| Acuité comments on the story 'India's Retail Inflation Unlikely To Hit RBI's 4% Target In 2023, Say Economists', covered by BQ Prime 14 June 2023 BQ Prime |
| Acuité maintains an inflation forecast of 5.3% in FY24 despite the current softness in the CPI trajectory, covered by BQ Prime 12 June 2023 BQ Prime |
| Acuité expects the upcoming MPC meeting in early June to focus on two important aspects that have emerged in the last few weeks -- a sustained moderation of the headline retail inflation and a better-than-expected GDP growth print in Q4FY23, covered by IANS, and the story was picked up by Zee News, Bharat Times, and other subsequent publications 08 June 2023 Zee News India | Bharat Times | The News Ocean | India07 | eFLIP |
| Acuité comments on the story ‘Natural gas prices in Europe, US edge up amid supply issues and rising demand', covered by Moneycontrol: 07 June 2023 Money Control |
| Acuité comments on RBI-MPC meet, carried by Business Today on their daily story 06 June 2023 Business Today
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| Article written by the Chief Economist and Head-Research of Acuité, Mr. Suman Chowdhury, on the requirement for more investments and reforms as inflation rises on animal products, covered by The Economic Times.* Click: 05 June 2023 The Economic Times
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| Acuité comments on the story ‘RBI-MPC may not change interest rates: Experts’, covered by IANS, and the story was picked up by The Economic Times, and other subsequent publications 02 June 2023 Economic Times | The Siasat Daily |
| For the current year, Acuité continues to forecast a growth of 6.0% given the expected impact of the global uncertainties and the lagged impact of the interest rate hikes in the domestic economy, covered by BQ Prime 31 May 2023 BQ Prime |
| Acuité predicts that India’s economic growth for FY23 will be around 7.0%, covered by Adda 24/7 Current Affairs 29 May 2023 Current Affairs 2023 |
| Acuité expects India's current account deficit to narrow to $53 billion in FY24, covered by IANS, and the story was picked up by The Economic Times (BFSI), Business Standard, and other subsequent publications 17 May 2023 BFSI | Business Standard | Investing.com | Investment Guru India | SME Times | Weekly Voice | Can India | Daiji World | Quick Telecast | Social News XYZ | Shafaqna | Sakshi Post | Nachedeu |
| Acuité comments on the story "Dedollarisation a gradual journey, likely to face geopolitical challenges: Expert", covered by IANS Live, and the story was picked up by investing.com, Bhaskarlive, and other subsequent publications: 09 May 2023 IANS | Investing.com | Bhaskar Live | Hi India | Nagaland Post | Prokerala | Can India | News Room Odisha | Forever News | Daijiworld | Social News XYZ |
| Acuité comments on the story "Lenders staring at a likely loss of Rs 5,600 crore in Go First", covered by Indian Express, UNI News, and BQ Prime Hindi 03 May 2023 The Indian Express | UNI News | Hindi BQ Prime |
| According to a report by Acuité Ratings, Go First has 56 billion rupees ($685 million) in rated Indian bank debt, covered by The Print 02 May 2023 The Print |
| Acuité comments on the story "Firm milk prices key threat to falling inflation", covered by Financial Express: 01 May 2023 Financial Express |
| Acuité comments on the story "Core sector growth slows to 5-month low of 3.6% in March", covered by Financial Express: 29 April 2023 Financial Express |
| Acuité expects GDP growth to moderate but still remain healthy at 6.0 percent in FY24, covered by IANS, and the story was picked up by The Times of India, Business Standard, and other national publications: 26 April 2023 Times of India | Business Standard | Times on News | Bhaskar Live | Investing.com | The Newsmen | The Daily Hunt | Can India | The Freedom Press | New Kerala | Orissa Post | Prokerala | Greater Kashmir | Telangana Tribune | Nagaland Post | News Room Odisha | The Hans India | Maeeshat | Jantaserishta | Investment Guru India | Bizz Buzz | DT Next | hi INDiA | Sarkaritel | Quick Telecast | Social News XYZ |
| Acuité expects the central bank to maintain a prolonged pause and gradually scale back liquidity surplus to push monetary policy transmission, covered by Moneycontrol.com 21 April 2023 Money control |
| Acuité expects India's economic activity to decline and witness a lower growth print in FY24 on the back of buoyancy in the services sector, moderation in inflation, and consistency in public sector capital expenditure, covered by The Economic Times and other subsequent publications: 20 April 2023 The Economic Times | News Next |
| Acuité comments on the story "The funding conundrum: Insights from Indian start-up investors", covered by SME Futures 17 April 2023 SME Futures |
| Acuité comments on the story "How do 22 leading BFSI entities, and experts view RBI’s policy decision?", covered by Banking Frontiers: 13 April 2023 Banking Frontiers |
| According to Acuité Ratings & Research, if there are no surprises on the weather and the oil front, one can expect the headline inflation to moderate further and settle in the band of 5.0%-5.5% over the next few months. Such a trend is likely to support the continuation of the pause although a pivot on rates is still some distance away, covered by The Economic Times 13 April 2023 The Economic Times |
| Acuité comments on the story "Inflation At 15-Month Low: What Does It Mean for RBI?", covered by News18.com 13 April 2023 News18 |
| Acuité comments on the story "Where are loan rates going after inflation cooled?", covered by Business Journal 13 April 2023 Business Journal |
| Acuité comments on the story "RBI unexpectedly keeps interest rate unchanged", covered by PTI, and the story was picked up by The Print 07 April 2023 The Print |
| Acuité comments on the story "RBI के इंटरेस्ट नहीं बढ़ाने से होम लोन ग्राहक खुश, लेकिन यह सिर्फ थोड़े समय की राहत है", covered by moneycontrol.com 07 April 2023 |
| While India’s GDP growth decelerated to 4.4 percent YoY in Q3 FY23 from 6.3 percent YoY in Q2, sequentially, GDP expanded by a healthy 3.5 percent QoQ, better than the pre-pandemic average (over a 5-year period) of 2.1 percent QoQ observed in Q3. India should be in a position to notch up a 6 percent GDP growth in FY24 despite the “higher for longer” phenomenon if weather Gods are supportive 06 April 2023 CNBCTV18 |
| RBI has not made any significant modifications to its existing forecasts on growth (6.5%) and retail inflation (5.2%) for FY24. In our opinion, the likelihood of a continued pause and a pivot to lower rates in the current year is still uncertain" says Mr. Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research, in his authored article 'RBI MPC — rate hike pause is a “wait and wat 06 April 2023 CNBCTV18 |
| Acuité comments on the story "Stumped by RBI's decision on repo rate, experts react", covered by IANS, and the story was picked up by investing.com 06 April 2023 Investing.com |
| Acuité comments on the story "Parent company support, low debt help smaller cement units stay afloat", covered by Moneycontrol.com:* 03 April 2023 Moneycontrol |
| Acuité revises downward India's BoP for FY23 to $17 bn from $38 bn, covered by IANS, and the story was picked up by Business Standard, and other subsequent publications: 03 April 2023 Business Standard |
| According to Acuite Ratings & Research, the retail securitisation volumes in India are estimated to have reached Rs 1.8-trillion mark during 2022-23, almost near to the pre-pandemic level, covered by The Financial Express: 01 April 2023 Retail securitisation volumes had fell sharply from Rs 2 trillion in FY20 to Rs 90,000 crore in FY21 due to the lack of activity on account of Covid-19 pandemic. During FY22, the volumes stood at Rs 1.3 trillion, Suman Chowdhury, chief analytical officer at Acuite Ratings, said.
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| Acuité comments on the story "How RBI’s watchful eye saved Indian banks from Credit Suisse fallout, global banking contagion, covered by The Financial Express 21 March 2023 The Indian banking sector is adequately capitalised, said Suman Chowdhury, Director & Chief Analytical Officer, Acuité Ratings & Research. With increased credit growth and an expected pickup in private sector capex, the lending opportunities are set to increase. Given increased competition for deposits, however, the net margins may be under pressure, he added. On the other hand, Sunil Damania is bearish on the banking sector, stating that while Credit Suisse may not have an impact, the rising interest rates will harm banks’ NIM and increase NPA levels, affecting their quarterly earnings. As a result, he predicts the sector will underperform. |
| Acuité expects the average headline inflation figure for Q4FY23 to be higher than the RBI forecast of around 6.2%-6.4%, covered by The Financial Express and BQ Prime: 13 March 2023 "The core inflation continues to remain above 6% with a steady increase in the prices of services. Further, the average headline inflation figure for Q4 FY23, in all likelihood, is set to be higher than the RBI forecast at around 6.2–6.4%," said Suman Chowdhury, chief analytical officer at Acuité Ratings & Research. |
| Acuité forecasts India's GDP growth at 7% in FY23 and 6% for FY24, while India's industrial activity rose to 5.2% YoY in Jan'23 from 4.7% in Dec'22, covered by IANS, and carried by Business Standard, Zee News, Bhaskar Live, and other subsequent publications 13 March 2023 Business Standard | Zeebiz | Bhaskar Live | SME Times | Weekly Voice | New Kerala | Pro Kerala | Odisha TV | News Room Odisha | Orissa Post | Investing.com | Investment Guru India | hi INDiA | Social News XYZ | Can India | The Freedom Press | Silicon India | Punjab News Line | English News Track Live | Daiji World | Today.in | The News Minute | Sarkaritel | Maeeshat | Shafaqna | Munsidaily | Quick Telecast According to Acuite, the government’s strong capex disbursals, recovery in auto sales, and improving capacity utilization at a macro level ought to have played a supportive role. |
| Acuité comments on the story "India's FY24 GDP growth rate predicted in 6-6.5% range by agencies", covered by IANS, and carried by Business Standard, Bhaskar Live, and other subsequent publications: 04 March 2023 Business Standard | IANS Live | Bhaskar Live | Vishva Times | Hindi Vishva Times | New Kerala | Forevernews | The Freedom Press | Can India | Orissa Post | News Room Odisha | TripuraIndia | Tripura Times | Daily World | City Air News | Maeeshat | The Newsmen | Quick Telecast | Daiji World | hi INDiA | Social News XYZ | Absolute India News | Forever News
According to Acuite Ratings & Research’s Chief Analytical Officer Suman Chowdhury, India’s economic growth in FY23 will be close to 7.0 per cent. "Going ahead into the next fiscal however, the factors that will play an important role are the impact of higher interest rates on urban demand, the stability of the monsoon, and the absence of the base factor; we have kept our GDP growth forecast for FY24 at 6 per cent for now without factoring in any additional risks from monsoon and external factors,” Chowdhury said. |
| Acuité comments on the story "Interest rates to be at higher levels in FY24 as long as inflation is up", covered by IANS, and carried by Business Standard, and other subsequent publications: 04 March 2023 Business Standard | IANS Live | Investing.com | CanIndia | hi INDiA | Prokerala | New Kerala | Orissa Post | News Room Odisha | The Freedom Press | Social News XYZ | Daily World | Daijiworld | SME Times | Vishva Times | The NewsMen | News4 social | Small News | Shafaqna | Quick Telecast According to Acuite Ratings, over the last three months, inflation has begun to descend from peak levels across most economies in the world. The upshot from this development has been a step down in monetary policy aggression by most central banks despite the persistence of monetary tightening. |
| Acuité expects the economy to notch up a print close to 7% in FY23, with the GDP growth forecast at 6.0% for FY24, covered by The Economic Times: 01 March 2023 Overall, the Q3 GDP print has been largely in line with the trend that we have observed in our proprietary Acuite Macro Economic Performance (AMEP) index which has held on to the same levels since Nov-22 after the festive activity. While there is a lack of momentum in rural demand and weakness in exports, it is partly offset by the steady demand for goods and services in the urban economy. With some support from the base factor, this will help the economy to notch up a print close to 7% in FY23. |
| Acuité kept its GDP growth forecast for FY24 at 6% for now without factoring in any additional risks from monsoon and external factors and at about 7% for FY23, covered by The Financial Express 01 March 2023 Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research said that going ahead into the next fiscal, the factors that will play an important role are the impact of higher interest rates on urban demand, the stability of the monsoon, and the absence of the base factor. The agency has kept its GDP growth forecast for FY24 at 6% for now without factoring in any additional risks from monsoon and external factors and at about 7% for FY23. |
| Acuité expects the domestic economy to notch a growth print close to 7 percent in FY23 with some base factor support, covered by The Hindu Businessline: 23 February 2023 The Hindu Businessline |
| Acuité comments on the story "CEA Nageswaran rejects weak manufacturing showing in GDP data, says sector in good health", covered by Moneycontrol & Business Breaking News: 28 February 2023 |
| Acuité comments on the story "India's growth slips to 4.4% in Dec quarter, experts say less than expected", covered by IANS, and carried by Bhaskar Live, investing.com, and other subsequent publications: 28 February 2023 Bhaskar Live | investing.com | New Kerala | Prokerala | Can India | Forever News | The Freedom Press | Odisha TV | Newsroom Odisha | English Madhyamam | Maeeshat | NetIndia23 | WebIndia 123 | Windowtonews | Socialnews XYZ | hi INDia | SME Times | Ummid | The Siasat Daily According to Acuite Ratings & Research’s Chief Analytical Officer Suman Chowdhury, while there is a lack of momentum in rural demand and weakness in exports, it is partly offset by the steady demand for goods and services in the urban economy. |
| Acuité comments on the story "India's growth slows to 4.4 in Dec quarter on manufacturing woes", covered by PTI, and carried by The Week, MSN, and other subsequent publications 28 February 2023
The
Week | MSN| Ummid| Devdiscourse "Going ahead into the next fiscal however, the factors that will play an important role are the impact of higher interest rates on urban demand, the stability of the monsoon, and the absence of the base factor; we have kept our GDP growth forecast for FY24 at 6 per cent for now without factoring in any additional risks from monsoon and external factors," Chowdhury said. |
| Acuité comments on the story "Rate hike fears over high inflation buffet markets", covered by Livemint 23 February 2023 Livemint |
| Acuité comments on the story "GDP growth seen at 7 pc for FY23", covered by eximin.net 23 February 2023 Exim India |
| Acuité expects the RBI-MPC to go for a 25bps policy rate hike in April, covered by IANS, and carried by Business Standard and other subsequent publications: 22 February 2023 IANS | Business Standard | Business Insider | Bhaskar Live | Orissa Post | Newsroom Odisha | Sarkaritel | hi INDiA | Can India | Shafqna | HT Syndication | The Freedom Press | Dainik Savera Times | News Kerala | Daily World | Bharat Times | Socialnews XYZ "After a hike of 25 bps in Apr-23, MPC (Monetary Policy Committee) could opt for a pause for impact assessment. The stance may change to 'neutral' only after core inflation witnesses a sustained decline to below 5 per cent," Acuite Ratings said. |
| Acuité maintains the trade deficit at $106 billion or 3.1 percent of GDP for FY23, covered by Business Standard and other subsequent publications 20 February 2023 Business Standard | Investing | Investment Guru India | Prokerala | New Room Odisha | Can India | Vishva Times | Apeksha Sandesh | Meeshat | Shafaqna | Dajjiworld | Socialnews XYZ | Quick Telecast | Small News "As per Global Trade Research Initiative Yarns, Dyes, and Gems & Jewellery could see negative export growth in Feb-Mar 2023 (Turkey accounted for 2.2 per cent share in India's export basket in CY22)," Acuite Ratings said |
| Acuité expects India's GDP to grow 7 percent in FY23, and 6 percent in FY24, covered by The Economic Times, Business Standard and other publications 20 February 2023 The Economic Times | IANS Live | Business Standard | Business Journal | Investing | Bhaskar Live | SME Times | New Kerala Prokerala | Orissa Post | News Room Odisha | Nagaland Post | Can India | Forever News | Socialnews XYZ | The Siasat Daily | Bizzbuzz | The Newsmen | Window To News | Maeeshat | HT Syndication | Quick Telecast | News Next | Apeksha Sandesh | The Freedom Press | TechiLive | Shafaqna | Sarkaritel | City Air News "Domestic growth impulses have gained strength, as urban consumption continues to push demand for both goods and services with derivative support accruing from the government capex cycle which has got a further boost from the Union Budget 2023," Acuite Ratings said. |
| Acuité comments on the story "Nifty scales 18k but concerns over higher inflation print prevails", covered by Livemint, and Business Journal: 15 February 2023 While wholesale core inflation has dipped further, positive sequential print in manufacturing reveals that producers will attempt to pass on cost pressures wherever feasible, said Suman Chowdhury, chief analytics officer, Acuité Ratings and Research. The MPC is expected to take into account headline and core retail inflation to decide on a rate hike in its next meeting, Chowdhury said there is a strong likelihood of a further rate hike in April unless we witness a significant drop in CPI inflation.
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| Quote of Acuité Ratings in “January CPI Inflation Surprise Hardens Chances Of Another 25 Bps Hike, Economists Say” covered by Bloomberg Prime 14 February 2023 "It’s unlikely that the MPC will opt for a pause
in an environment where both the headline CPI inflation and the core inflation
doesn’t come down sustainably below 6%. Further, the monetary stance on
"withdrawal of accommodation” is expected to continue in the near term. This
may also lead to a hardening of rates in the bond market." Suman
Chowdhury, chief analytical officer, Acuité Ratings |
| Acuité comments on the story "Will January inflation shock force RBI MPC hand into raising repo rate once again in April?", covered by The Financial Express: 14 February 2023 Given the print for Jan-23, CPI inflation for the current quarter is unlikely to remain below 6.0% although RBI has revised its forecast down to 5.6%. In the light of the unexpected inflation trajectory, the likelihood of a further hike in interest rates in the next MPC has surely increased, according to Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research. "It’s unlikely that the MPC will opt for a pause in an environment where both the headline CPI inflation and the core inflation doesn’t come down sustainably below 6%. Further, the monetary stance on "withdrawal of accommodation” is expected to continue in the near term. This may also lead to a hardening of rates in the bond market,” Chowdhary said. |
| Acuité comments on the story "CPI Inflation Again Above 6%: Will RBI MPC Pause Repo Rate Hikes in April?", covered by News 18: 14 February 2023 News18 | Bharat Times | PrimeTimes | Online Wiki Suman Chowdhury, chief analytical officer of Acuité Ratings & Research, said, "In the light of the unexpected inflation trajectory, the likelihood of a further hike in interest rates in the next MPC has surely increased. It’s unlikely that the MPC will opt for a pause in an environment where both the headline CPI inflation and the core inflation doesn’t come down sustainably below 6 per cent." |
| Acuité comments on the story "CPI Inflation Rises To A Three-Month High Of 6.52% In January", covered by The BQ Prime: 13 February 2023 The 6.52% CPI inflation print for January 2023
has indeed been a negative surprise for the markets, said Suman Chowdhury,
chief analytical officer at Acuité Ratings. |
| Acuité comments on the story "Analysts expect another 25 bps repo rate hike in RBI's April policy", covered by IANS, and it was picked up by Times Now, and other subsequent publications: 09 February 2023 IANS Live | Times Now | SME Times | Prokerala | The Newsmen | Social News XYZ | CanIndia | Dailyworld Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said there is no indication of any pause in the rate hike and the likelihood of further moderate hikes in the repo rate remains, depending on the upcoming data prints. |
| Acuité comments on the story "Repo rate raised to 6.5 per cent; panel split 4:2", published by The Telegraph: 09 February 2023 Suman Choudhury, chief analytical officer, Acuite Ratings and Research, said the RBI has maintained a hawkish tone in its statement. |
| Acuité comments on the story "Between the lines: Here's what India is talking about after RBI monetary policy", published by The Economic Times: 09 February 2023 Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research: RBI MPC has hiked its benchmark repo rate by 25 bps in line with market expectations but importantly, has continued its stance at "withdrawal of accommodation”, maintaining a hawkish tone in its statement. There is no indication of any pause in the rate hike and the likelihood of further moderate hikes in the repo rate remains, depending on the upcoming data prints. |
| Acuité comments on the story "RBI Monetary Policy 2023 Live Updates: RBI Hikes Repo Rates by 25 Basis Points to 6.50%, Loan EMIs to go Up", published by Zee News: 09 February 2023 Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research said, "RBI MPC has hiked its benchmark repo rate by 25 bps in line with market expectations but importantly, has continued its stance at "withdrawal of accommodation”, maintaining a hawkish tone in its statement. There is no indication of any pause in the rate hike and the likelihood of further moderate hikes in the repo rate remains, depending on the upcoming data prints." |
| Acuité comments on the story "Analysts expect another 25 bps repo rate hike in RBI's April policy", covered by PTI, and it was picked up by The Economic Times, ET BFSI, BQ Prime, The Print, and other subsequent publications: 09 February 2023 The Economic Times | ET BFSI | BQ Prime | The Print | Daily Pioneer | Devdiscourse | Banking Frontiers | NagalandPost | The Hills Times | Eastern Mirror Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research: The decision of upcoming RBI MPC is unlikely to be based on consensus. While we believe there is a higher likelihood of a modest 25 bps (or even lower) hike in the repo rate, the probability of a pause has also increased due to the last two monthly inflation prints and the relatively conservative borrowing projections for FY24. The rationale for going for another round of hike is to anchor inflationary expectations, given that core inflation still continues to reign above 6%, and also stem the capital outflows which saw a spurt in Jan-23. While these data points may make it difficult for RBI to arrive at a decision, the prospects of a revision in monetary stance to neutral is strong |
| Coverage of Acuité Ratings Rationale in "FY22 emerges most profitable for Yash Raj, Dharma despite Covid-19", covered by Business Standard: 06 February 2023 |
| Acuité comments on the story "On a green drive, budget stops short of spelling out a clear road map on financing decarbonisation", covered by The Economic Times (ET PRIME): 06 February 2023 To read more please click here |
| Acuité comments on the story "Continued focus on infra in Budget to ensure long-term growth in steel demand: Experts", covered by PTI, and it was picked up by Economic Times, ET Infra, BQ Prime, Udayavani, and other subsequent publications: 03 February 2023 Economic Times | ET Infra | BQ Prime | Udayavani | Latestly | NewsDrum Acuite Ratings & Research Limited said a large investment of Rs 75,000 crore proposed for one hundred critical transport infrastructure projects, primarily for ports, coal, steel, fertiliser and food grains sectors will increase the demand for these materials.
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| Acuité comments on the story "Budget 2023: Govt looks to encourage move to new income tax regime, with enhanced limit, new slabs", covered by The Week 02 February 2023 The rationalisation of personal income tax structure may lead to raising disposable income for the middle class, particularly younger tax payers and transition the tax payers to the new tax regime with minimal exemptions and lower and simpler tax slabs, feels Suman Chowdhury, chief analytical officer at Acuite Ratings and Research. |
| Acuité comments on the story "Union Budget 2023-24: Big announcements made; "Not Disappointing", say industry experts", covered by International Business Times 02 February 2023 The Budget 2023-24 is not disappointing regarding the commitment to public capital expenditure by the government, said a senior official of Acuite Ratings and Research. |
| Acuité comments on the story "Budget 2023 Reaction: Kotak Mahindra Asset Management Company MD lauds 'Baahubali Budget'", covered by Livemint: 02 February 2023 Suman Chowdhury, Executive Director & Chief Analytical Officer, Acuité Ratings & Research on on personal finance budgetary announcement: "The rationalization of the personal income tax structure is expected to lead to two things (i) raise disposable incomes for the middle class and particularly younger taxpayers (ii) transition the taxpayers to the new tax regime with minimal exemptions and lower and simpler tax slabs. This is expected to give a moderate boost to domestic consumption." |
| Acuité comments on the story "Budget delivers a big boost for consumption-related stocks: Analysts", covered by Business Standard: 02 February 2023 "The rationalization of the personal income tax structure is expected to lead to two things: (i) raise disposable incomes for the middle class and particularly younger taxpayers (ii) transition the taxpayers to the new tax regime with minimal exemptions and lower and simpler tax slabs. This is expected to give a moderate boost to domestic consumption," said Suman Chowdhury, executive director & chief analytical officer, Acuité Ratings & Research. |
| Acuité comments on the story "Budget 2023: New Deposit Scheme for Women with 7.5% Interest, Limits for Senior Citizens Saving Scheme Increased to Rs30 Lakh", published by IANS, and it was picked up by Moneylife 02 February 2023 Suman Chowdhury, executive director & chief analytical officer, Acuite Ratings & Research, said the market was expecting a further commitment to public capital expenditure from the government and it has not disappointed. |
| Acuité comments on the story "New tax regime may not be necessarily beneficial for all taxpayers: Experts", published by IANS, and it was picked up by Business Insider: 02 February 2023 Suman Chowdhury, Executive Director and Chief Analytical Officer, Acuite Ratings & Research, said, "The rationalisation of the personal income tax structure is expected to lead to two things (i) raise disposable incomes for the middle class, particularly the younger taxpayers (ii) transition of the taxpayers to the new tax regime with minimal exemptions and lower and simpler tax slabs. This is expected to give a moderate boost to domestic consumption." |
| Acuité comments on the story "Budget Relief: No tax for income up to Rs 7L in new tax regime (Ld)", published by IANS, and it was picked up by Investing.com: 02 February 2023 Suman Chowdhury, Executive Director & Chief Analytical Officer, Acuite Ratings & Research said, "The rationalization of the personal income tax structure is expected to lead to two things (i) raise disposable incomes for the middle class and particularly younger taxpayers (ii) transition the taxpayers to the new tax regime with minimal exemptions and lower and simpler tax slabs. This is expected to give a moderate boost to domestic consumption." |
| Acuité comments on the story "'Mahila Samman Savings Certificate': New deposit scheme for women in Union Budget 2023", published by IANS, and it was picked up by The Times of India. 02 February 2023 Suman Chowdhury, Executive Director & Chief Analytical Officer, Acuite Ratings & Research, said the market was expecting a further commitment to public capital expenditure from the government and it has not disappointed. |
| All outstanding ratings, including Adani company, under continuous surveillance: Acuite Ratings 30 January 2023 investment.com |
| Acuité continues to forecast another 25 bps of rate hike by MPC (Monetary Policy Committee) in Feb-23, carried by IANS, and the story was picked up by investing.com 16 January 2023 Reacting to the latest WPI percentage Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research said it continues to drop rapidly and at 4.95 per cent for December 2022 has subsided below 5 per cent for the first time in 21 months. |
| Acuité expects a modest 25 bps hike in the next MPC meet, though the uncertainty on the decision stands higher with the faster retreat of the inflation print, covered by The Week 13 January 2023 "The MPC’s decision will be not only based on the domestic inflation print, but also on a reassessment of the global tightening environment, particularly Fed’s stance on the residual rate hikes. We continue to expect a modest 25 bps hike in the next MPC meet, though the uncertainty on the decision stands higher with the faster retreat of the inflation print,” said Suman Chowdhury, chief analytical officer at Acuite Ratings & Research. |
| Acuité comments on the story "Retail inflation eases to 12-month low of 5.72% in December", covered by The Financial Express: 13 January 2023
Suman Chowdhury, chief analytical officer, Acuité Ratings & Research said: "While RBI is expected to review its inflation forecast in the next MPC meet, we believe that the likelihood of a lower average inflation for FY23 as a whole vis-à-vis our forecast of 6.7% has increased,” he said. |
| Acuité comments on the story "India could emerge as the third pole despite GDP growth worries say experts", covered by The Business Insider: 07 January 2023 (3.7 per cent of GDP), its weakest since the 2008 global financial crisis, compared to a surplus of $4.6 billion in Q1 FY23, Acuite Ratings said. |
| Acuité has revised downward India's current account deficit to $106 billion in FY23, carried by IANS in the headline, and the exclusive story was picked up by the Business Standard, Free Press Journal, and other subsequent publications: 05 January 2023 Business Standard | Free Press Journal | Zeenews In a report released on Monday, Acuite Ratings said it is revising the forecast for thecurrent account deficitto $106 billin from the earlier levels of $130 billion.
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| Acuité comments on BQ Prime's web story "Go First may incur losses in medium-term" 29 December 2022
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| Acuité forecasts 7% growth for India's GDP in FY23, carried by IANS in the headline, and the exclusive story was picked up by Free Press Journal, and other subsequent publications 19 December 2022 Free Press Journal | The Hans India | MSN In a report, Acuite said India's annualised GDP growth in Q2 FY23 expectedly, expanded at a slower pace of 6.3 per cent year-on-year (YoY) as against 13.5 per cent in Q1 FY23, the latter led by the easing of favourable base impact created by the second Covid wave in the previous year. |
| Acuité comments on the story "Easing Inflation Isn't Helping SMEs. Here's Why", covered by Bloomberg Prime 19 December 2022 Suman Chowdhury, executive director and chief analytical officer at AcuitéRatings and Research, said margin pressures are easing in the ongoing quarter aided by lower commodity prices, after having persisted across the board up to the previous quarter |
| Acuité expects the trade deficit to moderate in H2FY23 due to the ongoing reduction in crude oil prices, covered by Moneycontrol 19 December 2022 "It already had a significant impact on the trade deficit in H1FY23. During the April-October period, the cumulative trade deficit shot up to $175 billion as compared to $94 billion in the corresponding period of the previous year. This has aggravated the pressure on the INR. However, we expect the trade deficit to moderate in H2FY23 due to the ongoing reduction in crude oil prices,” said Suman Chowdhury, Executive Director & Chief Analytical Officer, Acuité Ratings & Research Limited. |
| Acuité continues to forecast an average figure of 6.7 percent for CPI inflation in FY23, covered by The Business Standard: 13 December 2022 With core inflation continuing to be high, credit rating agencies like Acuite Ratings & Research and CARE Ratings do not expect any significant downtrend in the retail inflation for the next few months. |
| Acuité believes that RBI’s stance has remained moderately hawkish with the continuation of its stance of ‘withdrawal of accommodation’, covered by The Financial Express 07 December 2022
Since the RBI hasn’t changed its stance from ‘withdrawal of accommodation’ to ‘neutral’, experts have come to the consensus that the RBI’s outlook remains hawkish. "We believe that RBI’s stance has remained moderately hawkish with the continuation of its stance of ‘withdrawal of accommodation’,” said Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research. |
| Acuité expects a further rise in bank deposit rates over the next two quarters to the extent of 50-100 bps given the narrative from MPC and the continuing momentum in credit growth, covered by the Economic Times 07 December 2022
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| Acuité comments on the story "Expert View: India cenbank hikes key policy rate by 35 basis points", covered by The Print: 07 December 2022
"Acuite expects a further rise in bank deposit rates over the next two quarters to the extent of 50-100 bps, given the narrative from MPC and the continuing momentum in credit growth. The pass-through of higher rates to home loans may start to impact the demand for housing, particularly in the mid- to high-ticket segment.” |
| Acuité comments on the story "RBI likely to moderate interest rate tightening; economists see 25-35 bps repo rate hike", covered by The Week 05 December 2022 Suman Chowdhury, chief analytical officer at Acuite Ratings and Research, is also expecting a "moderate” repo rate hike of 30-35 basis points this week. He said "downside risks” to Acuite’s 7 per cent GDP growth forecast for 2022-23 had "increased due to the intense global headwinds.” |
| Acuité comments on the story "RBI MPC to continue repo rate hike pace in Dec, may pause after that; Monetary policy stance may get Neutral", covered by The Financial Express: 04 December 2022
"While we continue to peg GDP growth at 7.0% given the reasonably healthy domestic demand, downside risks to the forecast have increased due to the intense global headwinds. We continue with our expectations of a moderate hike of 30-35 bps in the repo rate in Dec-22 as the growth data has been in line with RBI’s forecasts,” said Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research. |
| Acuité comments on a story "India’s FY23 GDP growth pegged at 7%, downside risks amid global headwinds; 35 bps rate hike likely in Dec MPC", covered by The Financial Express 30 December 2022 "India’s GDP growth in Q2FY23 at 6.3% YoY has been slightly lower than our forecast and expectedly, has been driven by a strong pickup in the services sector as compared to the previous year which had been impacted by the pandemic fears. We believe that the manufacturing sector will continue to see a lack of momentum due to the decline in exports and may impact the overall growth print for FY23,” said Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research. |
| Acuité comments on a story "Can India raise USD2 billion via sovereign green bonds? A look into the plan and its challenges", covered by The Economic Times 30 November 2022
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| Acuité expects GDP growth at 6.5% in the second quarter of the fiscal, covered by The Financial Express: 26 November 2022 "We expect GDP growth at 6.5% in the second quarter of the fiscal. This will be significantly lower compared to the first quarter which was primarily driven by the favourable base effect,” said Suman Chowdhury, Chief analytical officer at Acuité Ratings & Research Ltd.
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| Acuité reaffirmed the Bank of India's rating of AA, revising the outlook to positive from stable for the bank's additional tier-1 bonds, covered by the Business Standard, India Infoline, Fortune India, and other national publications 24 November 2022 Business Standard | IIFL | Fortune India Acuite said that the rating continues to take into account improvement in profitability metrics, capital position and credit growth. The bank’s net interest margin (NIM) improved from 2.42 per cent as on H1FY22 to 3.04 per cent as on H1FY23. |
| Acuité's comments on the story "Embassy Group co in talks with HDFC over loan default", covered by Mint (print & online) 21 November 2022 "Credit bureau reports said some unrated loan accounts of EPDPL are not regular. High debt levels raises concerns on liquidity. Refinancing debt has not happened in a seamless manner. The proposed merger with Indiabulls Real Estate, could be value accretive, but may not translate into sizeable cash flows for the near term. That said, its financial flexibility in the form of asset monetization via REIT will remain," said Suman Chowdhury, chief analytical officer, Acuité Ratings.
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| Acuité's comments on the story "Despite economic uncertainty, the BT-C Fore business confidence index for Q2 has come out warm. What gives?", covered by Business Today 15 November 2022 Suman Chowdhury, Chief Analytical Officer of Acuité Ratings & Research: "Despite the unfavourable global backdrop marred by geopolitical uncertainty and an increasingly tight financial environment, India’s economy has remained broadly resilient with high frequency indicators witnessing a buoyancy, primarily supported by festivity-induced pent-up demand.” Chowdhury further points out that the Acuité Macroeconomic Performance (AMEP) index recorded a peak of 132.1 in September 2022 as against 120.7 in August 2022, which translates into a double-digit expansion of 14.1 per cent YoY in September 2022 compared to 12.4 per cent in August 2022; sequentially, the index expanded by 9.4 per cent month-on-month (MoM) from two consecutive negative months in July-August 2022. |
| Acuité believes that the profitability scenario in the steel sector will improve moderately over the next two quarters, covered by The Economic Times: 15 November 2022 The Economic Times | Zeebiz | Financial Express | Indian Express | The New Indian Express | ET Auto | ET Infra Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research said raw material prices that increased due to supply constraints are set to moderate in the second half of the current fiscal while steel prices are expected to witness a firmness due to a seasonal pickup in demand.
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| Acuité's comments on the story "Government set to slash spending", covered by The Telegraph (print edition closed) 10 November 2022 "It has been estimated that India will need green funds to the extent of $170 bn every year. Even if the government is expected to fund 20 per cent of such requirements through, this will amount to issue of $34bn (Rs 2.72 lakh crore) on an annualised basis,” Suman Chowdhury, chief analytical officer, Acuité Ratings & Research said. "Given the limited size of the issuance for this fiscal at Rs 16,000 crore, we, however, don’t foresee any challenges in the mobilisation.”
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| Acuité's comments on the story "RBI policy body set to meet on Nov 3 to explain missing inflation target", covered by the Indian Express: 28 October 2022 |
| Acuité's comments on the story “Multibagger stock in a niche sector issues warrants; shares zoom 14% to reach a 4 year high! 16 October 2022 "Apollo Micro Systems operates in niche segment of high entry barrier defence and aerospace industry, and the client profile comprises of mostly government organizations, with repeat orders received over the years, which mitigates the counter party credit risk to a large extent,” said rating agency Acuité as it reaffirmed its long-term and short term rating of the bank facilities Apollo Micro Systems with ‘stable’ outlook in September this year. |
| Acuité's comments on the story “WPI inflation eases of 10.7% to 18-month low in September 15 October 2022 Daily Pioneer | DT Next | The Print | The Week | Devdiscourse | The Hills Times Acuité Ratings & Research, Chief Analytical
Officer, Suman Chowdhury said the share of food on a consolidated basis in WPI
stands much lower at 24.3 per cent, as compared to 45.9 per cent weightage in
the Consumer Price Index (CPI) construct.
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| Acuité's comments on the story "CPI Inflation: Are Government’s Interventions Working?" covered by Bloomberg Prime 14 October 2022 Significant moderation has been observed in inflation in edible oil and pulses, said Suman Chowdhury, chief analytical officer at Acuite Ratings & Research. |
| Acuité's comments on a story "Inflation above RBI’s comfort zone for three full quarters; brace for 35-50 bps rate hike by MPC, say analysts", covered by The Financial Express 13 October 2022 "In our opinion, the likelihood of a moderate hike of 35-40 bps in the repo rate in Dec-22 is high given not only the inflation print but also the pressure on the currency. The systemic liquidity will also get tighter and will start getting reflected through a rise in bank deposit rates to the extent of 100-150 bps over the next few months,” said Suman Chowdhary, Chief Analytics Officer, Acuite Ratings & Research. However, Chowdhary expects the average inflation in the second half of this fiscal to gradually moderate due to softening commodity prices and slowdown in global economic activity. |
| Acuité's comments on a story "Stock market outlook on 13 October: From Infosys result to FII data to bulk deals, key triggers that will likely impact movement" *, covered by Zee Business, Business Journal and other national publications
13 October 2022 Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research said: "While the market was expecting the headline CPI inflation print to remain over 7.0 per cent in Sep-22, the actual figure has come higher at 7.4 per cent vs 7.0 per cent in Aug-22. As expected, the key factor has been food inflation which has increased sequentially by 0.9 per cent, leading to the overall inflation to go up by 0.6 per cent over the index in the previous month." |
| Acuité's comments on the story "Retail inflation up at 7.41%, IIP down by 0.8%", covered by Moneylife 13 October 2022 Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research said: "While the market was expectin g the headline CPI inflation print to remain over 7.0 per cent in Sep-22, the actual figure has come higher at 7.4 per cent vs 7.0 per cent in Aug-22. As expected, the key factor has been food inflation which has increased sequentially by 0.9 per cent, leading to the overall inflation to go up by 0.6 per cent over the index in the previous month." |
| Acuité findings got covered in the story “India's foreign exchange reserves fall by another $4.9 billion” published by the Economic Times 07 October 2022 Global currencies such as euro, pound and yen depreciated against dollar by as much as 13.2%, 18.2% and 18.2% in this fiscal so far, Acuite Ratings said in a report. |
| Acuité's comments on a story “RBI watchers divided over December rate hike", carried by PTI, and it was picked up by The Economic Times, and other subsequent publications: 30 September 2022 Suman Chowdhury of Acuite Ratings said the fact that the central bank reiterated its resolve to be in the "withdrawal of accommodation" mode, has clearly increased the possibility of a further rate hike in December. |
| Acuité expects a hike in deposit rates by banks up to 50-150 bps in the second half of FY23, covered by Livemint 30 September 2022 Meanwhile, the government raised rates on certain small savings schemes on Thursday by up to 30 basis points (bps) for the December quarter. Experts said the reduction in surplus liquidity has ensured better monetary transmission and believe that deposit rate hikes are in the offing. "We believe that the large over 6% differential between the increased credit and deposit growth is clearly unsustainable and hence, we expect a hike in deposit rates by banks up to 50-150 bps in the second half of FY23," said Suman Chowdhury, chief analytical officer, Acuité Ratings & Research. Governor Das said the temporary moderation of surplus liquidity has to be seen in the context of the potential liquidity in the system arising from the expected pick-up in government spending in the second half of the year. |
| Acuité comments on a story "RBI’s Monetary Policy: Shaktikanta Das would have to juggle between the devil and the deep blue sea", covered by Business Today 30 September 2022 Second, the direction of US Fed rates have a significant impact on developing market monetary policy. Suman Chowdhury, Chief Analytical Officer at Acuité Ratings & Research, agrees when he says that the narrative for the upcoming MPC meeting will not just be driven by the concerns about the inflationary trajectory but also the sharply rising interest rates in the developed economies that continue to have an impact on the rupee and India’s foreign exchange reserves. |
| Acuité comments on a story "RBI Monetary Policy Live Updates: Shaktikanta Das hikes repo rate by 50 bps; Inflation retained at 6.7%", covered by the Financial Express 30 September 2022 Possibility of an additional hike in Q3FY23 "On the growth front, RBI appears to be fairly confident on the resilience of the domestic economy despite the global headwinds. While the GDP forecast for FY23 has been slightly moderated to 7.0%, there is a comfort emerging from the recovery in private consumption and the improved performance of the monsoon. This will help the central bank to continue on its hawkish stance till inflation declines below 6.0%. As regards headline inflation, MPC has maintained the existing forecast of 6.7% given the upside risks on food inflation and the likely rigidity of core inflation given the increasing consumption demand. The possibility of an additional hike in Q3FY23 is also borne out of RBI’s expectation that inflation will not come down in a hurry, given that they have projected an average CPI print of 6.5% in the next quarter, well above the upper MPC band.” – Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research |
| Acuité's comments on a story “Rupee among worst performing emerging market currencies last week, says report: Here's how other currencies performed", carried by PTI, and it was picked up by Zee Business, and other subsequent publications: 30 September 2022 The currency has held well relative to peers when its performance is compared since the start of the fiscal 2022-23, with a 7.6 per cent depreciation, the report by Acuite Ratings and Research said. |
| Acuité comments on a story "Another 50 bps repo rate hike by RBI likely amid inflation", covered by The Week 30 September 2022 |
| Acuité comments on a story "Growth in credit offtake at 9-yr high, with retail driving demand", covered by The Indian Express: 27 September 2022 An improvement in banks’ overall asset quality and a reduction in the systemic risk aversion is also expected to aid the buoyancy in bank credit growth, said Suman Chowdhury, chief analytical officer, Acuité Ratings & Research. |
| Acuité expects one more rate hike of 50 bps in the upcoming policy review, covered by the Financial Express 26 September 2022 The US Federal Reserve raised interest rates by 75 bps for the third consecutive time taking the policy rate to 3.0-3.25% with a view to combat the 40-year high inflation. From the domestic perspective, the overall economy continues to remain resilient with high-frequency indicators displaying incremental strength. "On the other hand, the uptrend in inflation has propelled the RBI to hike rates by 140 bps in 2022 so far, taking the repo rate to the pre-pandemic level of 5.40% currently. Acuité expects one more rate hike of 50 bps in the upcoming policy review,” said Suman Chowdhury, Acuité Ratings & Research, Chief Analytical Officer. |
| Acuité comments on a story "WPI inflation may ease off to single digit by Oct; RBI MPC may hike repo rate by 50 bps in Sep", covered by the Financial Express 15 September 2022 Scope for further easing in WPI inflation: Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research |
| Acuité comments on a story "CPI Inflation Rises To 7% In August", covered by Bloomberg Quint Prime 12 Sep 2022 |
| Acuité comments on a story "Experts predict volatility in Indian rupee likely to persist in the short term", covered by The International Business Times, IANS, and other publications 10 Sep 2022 International Business Times | IANS Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said: "Along with the expanded trade and current account deficit, such an environment has kept the pressure on the rupee which continues to hover around 80. While the FII outflows have been arrested, the uncertainty on capital flows and the volatility in rupee are likely to persist in the short term." |
| Acuité's report on Q1 FY23 GDP got covered by The India TV, and other subsequent publications 10 Sep 2022 |
| Acuité comments on a story "SGX Nifty indicates gap-down opening for domestic markets", covered by The Hindu Businessline 05 Sep 2022 "While the double-digit annualised growth is impressive prima facie, the actual print is around two per cent lower than market expectations and is also accompanied by weak sequential momentum," said Acuité. |
| Acuité sees a downside risk of 30-40 bps to its full-year GDP growth projection of 7.5 percent, covered by The Hindu Businessline and India Today 01 Sep 2022 The Hindu Businessline | India Today Acuité, said it remains cautiously optimistic about the domestic growth scenario as the dip in the external demand due to slowing global growth and rising interest rates could offset these gains. Considering the lower than expected GDP print in Q1 FY23, Acuité sees a downside risk of 30-40 basis points to the agency’s full-year GDP growth projection of 7.5 per cent. |
| Acuité expects India’s GDP growth in Q1 FY23 to register at 15%-16% on an annualised basis, covered by the Financial Express 31 Aug 2022 Acuité Ratings & Research expects India’s GDP growth in Q1 FY23 to register at 15%-16% on an annualised basis amidst support from a favourable statistical base due to the adverse impact of the disruptive Delta Covid wave in the previous year along with continued recovery in the services sector aided by pent-up demand, especially in sectors such as tourism, hospitality. Normalised personal mobility and an expansive vaccination coverage is also expected to aid growth. The GDP data is due for release post market hours today. |
| Acuité Macroeconomic Performance (AMEP) Index provides mixed signals on economic growth in the current fiscal; beyond the base factor, the double-digit annualized growth numbers for most macro indicators reflect resilience and a gradual pickup in the services sector as well as domestic private consumption despite inflationary headwinds and the global slowdown, covered by the Financial Express 31 Aug 2022 Our AMEP index provides mixed signals on economic growth in the current fiscal; beyond the base factor, the double digit annualized growth numbers for most macro indicators reflects resilience and a gradual pickup in services sector as well as domestic private consumption despite inflationary headwinds and the global slowdown Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research |
| Acuité expects another rate hike of 50-60 bps by the RBI in FY22, carried by IANS, and it was picked up by Zee Business, Weekly Voice, and other subsequent publications 22 Aug 2022 Zeebiz| Weeklyvoice| The Hans India | News Today | NewsDeal Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said: "MPC minutes indicate that another 50-60 bps of a rate hike should be expected in the forthcoming policy announcements irrespective of the moderation in the inflation trajectory. The likelihood of the Q2FY23 CPI inflation print dropping to less than 6 per cent is low, particularly given the pickup in the services sector. What is encouraging to note is the declining inflationary expectations of households which reflects the effectiveness of both the monetary and the fiscal policy actions till now; it will also help in strengthening medium-term growth prospects.” |
| Acuité believes that robust demand for imports is likely to provide upside risk to FY23 CAD projection of $105bn, covered by the IANS and subsequent publications. 17 Aug 2022 The trade deficit figures in the coming months is expected to moderate in the coming months due to lower commodity prices and easing pressure on global supply chains, increasing risks to exports and relatively robust demand for imports is now likely to provide an upside risk to our FY23 current account deficit projection of $105 billion. Acuite ratings said in a report. |
| Acuité expects deposit as well as lending rates to rise by 50-100 bps over the next couple of quarters, covered by The Week 10 Aug 2022 "While there is a scope of another 50-60 bps of rate hike in the coming year, the pace of the residual hike will depend on the inflation print over the next few months. The rate hike implies further and higher rate increases in consumer loans as well as deposit rates,” said Suman Chowdhury, chief analytical officer at Acuite Ratings and Research. |
| Acuité expects the banks to hike deposit and lending rates due to the improved credit demand in the economy, carried by PTI, and it was picked up by NDTV, The Print, and other subsequent publications: 05 Aug 2022 Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research, said the deposit and lending rate hikes are expected by banks, given the improved credit demand in the economy. |
| Acuité believes that the INR may stabilise in the band of Rs 79-81 by March 2023, covered by the Economic Times 29 July 2022 With the likely moderation in commodity prices and a
potential reversal of the large capital outflows, any sharp decline from
the current levels of 80/Uis unlikely, said a report by Acuite ratings. |
| Acuité expects the INR to stabilize in the band of Rs 79-81 by March 2023, carried by IANS, and it was picked up by the Business Standard, and other subsequent publications 26 July 2022 Acuite believes that the INR may stabilise in the band Rs 79-81 by March 2023 with the expected moderation in commodity and crude oil prices and the prospects of some reversal of the sharp capital outflows seen over the last six months. |
| Acuité comments on a story "Corporates turn to rating agencies to map pressure points, assess impact of rupee fall", covered by the Moneycontrol 22 July 2022 Suman Chowdhury, chief analytical officer at Acuite said they are identifying "relatively vulnerable issuers who are net importers or have significant foreign currency debt obligations”. They will assess if the rupee slump would impact these companies’ profits and balance sheets in FY23. |
| Acuité comments on a story “Companies rope in rating agencies to evaluate pressures from rupee fall”, covered by the Economic Times 21 July 2022 "As a
rating agency, we have started to identify relatively vulnerable issuers who
are net importers or have significant foreign currency debt obligations,” said
Suman Chowdhury, chief analytical officer at Acuité Ratings & Research. "We
will assess if there is any material impact of the depreciation on their
profitability and balance sheet in FY23,” he said.
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| Acuité expects the rupee to depreciate moderately and revises FY23 rates to 80.5-81.0 levels, covered by The Hindu Businessline 18 July 2022 "We revise our expectation of India’s FY23 current account deficit to $105 billion from $90 billion earlier,” said Acuite Ratings in its Market Pulse report. "We continue to expect therupeeto depreciate moderately, but extend our USD-INR call higher to 80.5-81.0 levels by Mar-23 vs. our earlier expectation of 79,” it added. |
| Acuité's press release on IIP - May'22 got covered by The The Market Times 14 July 2022 Acuité expects the pace of IIP recovery to come under pressure given the prolonged headwinds from ongoing Russia-Ukraine, elevated price pressures and slowing global growth. |
| Acuité comments on a story “Inflation may fall below 6 pc by Q4, ease pressure on RBI for prolonged rate hike”, covered by The Week: 13 July 2022 "The current picture of inflation raises hopes of a gradual moderation going forward with Q1 average CPI inflation already lower than RBI’s forecast by 20 bps. This has the potential to slow down the pace of rate hikes in the current year,” said Suman Chowdhury, chief analytical officer at Acuite Ratings and Research. |
| Acuité comments on a story “India’s retail inflation eases marginally in June but rate hike on cards”, carried by PTI, and it was picked up by the Business Standard, Outlook India, The Print, The Week, and other subsequent publications 12 July 2022 Business Standard | Outlook India | The Print | The Week | Quick Telecast Suman Chowdhury, chief analytical officer at Acuite Ratings & Research, said with a pick-up in monsoon, food inflation should be range-bound in the current fiscal. |
| Acuité comments on a story based “Why India’s trade deficit rose to a record high in June”, published by the India Today 06 July 2022 In a research note published in May, ratings firm Acuite pointed out a few areas of concern, which include the geopolitical crisis that is keeping global commodity prices elevated and dampening world trade volume, the high cost of commodities due to the war and the supply disruptions, higher domestic demand post Covid which will lead to higher imports, and pressure on exports due to the export restrictions by the government in case of select commodities. In May, the Centre hiked duty on exports of iron ore up to 50 per cent, and a few steel intermediaries to 15 per cent to make them more available in the domestic market. |
| Acuité comments on a story based “Amid A Correction In Input Prices, India's Small Businesses Find Some Relief” published by the Bloomberg Prime 02 July 2022 Suman Chowdhury, chief analytical officer at Acuité Ratings and Research, said that it is too early to expect the decline in commodity prices to reflect in SME margins. If anything, because of the rise in logistics costs, pressure on margins is expected to rise, he said. |
| Acuité comments on a story based “How will a sliding Rupee impact credit ratings of companies?” , covered by the Economic Times (print & online), ET BFSI, ET CFO, ET AUTO, and other national publications 02 July 2022 The Economic Times | BFSI | ET Auto | ET CFO | News Insure | Business Tantra The credit rating ratio, or upgrades over downgrades, dropped 83 basis points in the June quarter. The gauge is at 2.73 per cent versus 3.56 per cent in the March quarter, according to Prime Acuite Database
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| Acuité comments on a story based “Why rupee is likely to remain under pressure this year”, covered by The Week 23 June 2022
Suman Chowdhury, chief analytical officer at Acuite Ratings, too now sees the rupee touching 79 to a dollar this year, versus 78 expected earlier. The combination of elevated global commodity prices and sequential improvement in domestic growth among other things is resulting in widening of trade and current account deficit for India, said Chowdhury. |
| Acuité comments on a story based “Why it makes sense for Air India to place a mega aircraft order?”, covered by The Moneycontrol and other national publications 22 June 2022 "Currently, Air India has a relatively older fleet as compared to some of its peers and the induction of new aircraft in the fleet will help to reinvigorate the brand,” said Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research. |
| Acuité expects India’s Current Account Deficit (CAD) to widen to more than $90 billion in FY23, covered by The Livemint (print edition enclosed) 22 June 2022 "We expect India’s CAD to widen to more than $90 billion in FY23, from an estimated level of $47 billion in FY22 amid persistent rise in crude oil price which has again risen to more than $120 per barrel," Acuite said.
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| Acuité comments on a story based “High inflation, muted growth upset economy’s post-pandemic recovery 20 June 2022 For central banks, it is like being between a rock and a hard place. "You cannot bring down food prices only by monetary policy action,” said Suman Chowdhury, chief analytical officer at Acuite Ratings and Research. "So, there has to be steps taken by the government.”
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| Acuité comments on RBI monetary policy announcement resulting in high capital outflows, captured by the IANS in a story on “Domestic funds counter FII selling spree”, got covered by The Free Press Journal and other media subscribers of IANS 19 June 2022 The Free Press Journal | IANS| Investing.com | New Kerala | Prokerala | News Room Odisha | Nagaland Post | Suryaa | Vishvatimes | The Freedompress | Can India | Siasat | Daijiworld | Andhram | Telugustop | Forevernews | Fresherslive | hi INDiA | Socialnews | News4social | Digit News Acuite Rankings said that what, even so, is of greater problem at this phase is the significant volatility in the worldwide capital marketplaces, triggered by a sharp tightening in the financial policies of state-of-the-art economies. This proceeds to guide to large and sustained FII money outflows, adding to the rupee depreciation pressures that have currently been made by a greater trade and current account deficit. |
| The tale of Resilience & Recovery” got covered by The Financial Express (print and online) and other national publications. This report provides a comprehensive analysis of the financial performance of 1370 listed non-financial companies over the two year pandemic period (FY21 and FY22). 16 June 2022 Financial Express | News Deal | Paperdabba The distinguishing element of corporate performance was profitability. Both operating profit (PBDIT) and net profit consistently grew at 26.6% and 34.8%, respectively, annually during the period, which were the highest in any two-year block over the last couple of decades, according to a report by Acuite Ratings & Research, which surveyed the financial performance of 1,370 listed non-financial companies over FY21 and FY22, said.
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| Acuité comments on India’s Index of Industrial production (IIP), and expects GDP growth for FY22 at 7.5 percent, covered by The Hindu Businessline and other national publications: 13 June 2022 The Hindubusinessline | Live Newshot "General, the spurt in costs of key commodities and importantly the contemporary provide chain bottlenecks triggered by the persevering with Russia-Ukraine battle are prone to decelerate the revival within the industrial output within the near-term,” Acuité stated whereas retaining GDP development for FY23 at 7.5 per cent with average draw back threat. |
| Acuité comments on the RBI monetary policy announcement, covered by The Hindu, The Hindu Businessline, NDTV, The Pioneer (print edition enclosed), The Print, and other national publications 08 June 2022 The Hindu | The Hindu Businessline | NDTV | Dailypioneer | Republicworld | The Print | Bharattimes | Telangana Today | Orissapost | Nagalandpost | Devdiscourse | The Hansindia | The Kashmirimages | Namma Karnataka News | Dailyexcelsior | Metrovaartha | Newsdeal | h10news | Tradebrains | Dellyranks | ApDirect | Quicktelecast | Jobsvacancy | Moneycontrol Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research, said, "We believe that more rate hikes are likely in the next 2-3 policy meetings given that RBI has revised its headline inflation forecast sharply upwards.” "However, the extent of the subsequent hikes will depend on the inflation print over the next few months, the performance of the monsoon and its impact on the food prices as also on the effectiveness of the price control measures taken by the government.” Dhiraj Relli, MD & CEO, HDFC Securities, said while a revisit of the pre-COVID repo rate of 5.15% over the next 1-2 meets is a given, most economists expect this to go above that level.
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| Acuité expects expansion of current account deficit, driven by elevated global commodity prices, and unlocking of the economy, covered by The Business Standards and other national publications 06 June 2022 Business Standard | Dailyhunt | Dailypioneer | Mumbaipress | Investment Guru India | The Freedompress | SME Times | Weeklyvoice | Socialnews XYZ | Bizzbuzz News | Investing | Journeyline | Windowtonews | Dailyworld | The Hans India | Quicktelecast | Can India | Fresherslive | Telugustop | Prokerala | Newsroomodisha | Easternmirrornagaland | Shafaqna The expectation of the expansion of the current account deficit is not just driven by elevated global commodity prices, but is also linked to the unlocking of the economy reviving pent-up demand and improved vaccination cover aiding an organic recovery in the economy, ratings and research firm Acuite Ratings & Research said in a report. |
| Acuité expects the latest govt measures to cause a fiscal slippage of 0.3-0.4% of GDP for FY23, covered by Mintgenie 02 Jun 2022
"Going forward in the current year, despite buffers from the recently concluded LIC IPO (garnering ₹20,500 crore on revised valuation) along with the likelihood of higher than budgeted tax revenue collections, we now see the possibility of fiscal slippage risks, aggregating to 0.3-0.4 percent of GDP from the budgeted 6.4 percent of GDP for FY23," said Acuité Ratings & Research in a note. |
| Acuité comments on a story based "Why RBI is poised to hike interest rates again in June 2022", published by The India Today 31 May 2022 Overall, it is estimated that the RBI would raise repo rates by a total of 100 basis points in 2022-23. "Any continued pressure on headline inflation (based on consumer price index or CPI) could potentially tilt the balance in favour of additional hikes, thereby taking the repo rates to the pre-pandemic level of 5.15 per cent or higher,” says a report by Acuite Ratings & Research. Similarly, the RBI is expected to hike the cash reserve ratio (CRR) by another 50 basis points. The RBI had raised CRR by 50 basis points in May, taking it to 4.50 per cent. "Cumulatively, this would impound Rs 1.8 lakh crore of durable liquidity from the banking system and help amplify the monetary policy stance,” Acuite Rating said. |
| Acuité findings got covered in a story on “CFO Watchouts for Business Recovery by Shray Mehandiratta, Finance Director, IPM India Wholesale Trading Pvt. Ltd” published by the BFSI 26 May 2022 In the beginning of 2022, Omicron led to the fresh dent in economic activities. However, according to a report by Acuite Ratings and Research, the magnitude of the adverse impact was much lower as compared to the previous pandemic waves given less severity of infections amidst robust vaccination coverage, prevailing level of seroprevalence, improvement in medical and healthcare facilities and better management of supply chain logistics, all this was reflective in the all-time high GST collections in FY 2021-22 |
| Acuité comments on a story based “After Biting the Bullet on Fuel, Fertiliser and LPG, What Will be the Impact on Centre's Finances?”, published by thewire. 25 May 2022 Of course, all of these measures will come at an economic and fiscal cost which puts the Indian economy on the fast lane to an assured destination of higher borrowings, widened gross fiscal deficit and a steeper yield curve. With the petrol and diesel excise duty rate cuts, the government coffers will be absorbing an annualised revenue loss of Rs 1 lakh crore, whereas the LPG subsidy, as per finance minister Nirmala Sitharaman, will cost the exchequer Rs 6,100 crore per year. Besides this, there are other import custom duty cuts on coking coal, ferronickel and coke ranging from 2.5%-5% to nil. According to Acuité Ratings & Research, the total cost of these fiscal slippages will chalk up to a hefty Rs 2 lakh crore. |
| Acuité comments on duty cut on petrol and diesel to put pressure on fiscal deficit, covered by the Financial Express and other national publications 23 May 2022 Financialexpress | Business Khabar | Aaj Ki Taaza News | Devdiscourse | Live-New Shot | Paperdabba | Anyfeed | Dellyranks Acuité Ratings and Research Chief Analytical Officer Suman Chowdhury said the excise duty cut and rate revision on import and export of certain commodities including steel products will have adverse implications on the fiscal position for FY’23 which may deteriorate over the budgeted 6.4 per cent, leading to higher borrowings, reported by PTI. |
| Acuité expects the widening trade deficit trend to pressure rupee further, covered by NDTV, and other national publications. 17 May 2022 NDTV | Today News Network | AP Direct | Sarkari That widening trade deficit trend will weigh further on the rupee, which hit new record lows repeatedly last week, according to Acuité Ratings. |
| Acuité comments on India’s inflation surge due to Russia-Ukraine war, covered by the The Economic Times and other Techlive 17 May 2022 The Economic Times | Techilive | Nasiknews The Russia-Ukraine conflict is not showing any signs of abating that could put further pressure on CPI inflation. "The Russia-Ukraine conflict is not showing any signs of cooling down. In fact, on the margin, the geopolitical environment seems to have deteriorated amidst unrelenting posturing by the two sides. This has raised the pressure on commodity prices further” said a report by ratings firm Acuite Ratings and Research. |
| Acuité expects India's CPI inflation, at an 8-year high print of 7.79% YoY in April, to trigger quicker rate hikes, covered by The Economic Times (Brand Equity, BFSI, Auto), Business Standard, Free Press Journal, IANS, Navhind Times, The statesman and other national publications 16 May 2022 Brand Equity | BFSI | Economictimes | Business Standard | Freepressjournal | IANS | Navhind Times | The Statesman | Investing | CanIndia | Opinionexpress | The Hillstimes | Orissapost | News Karnataka | Greaterkashmir | Prokerala | Fresherslive | Suryaa | Nationalherald India | Forevernews | Socialnews XYZ | Asia Insurance Post | Daijiworld | Vishvatimes | Alwaysfirst | Siasat | Sentinelassam | Journeyline | Quicktelecast | The Freedompress | Andhram | News4social | AP7AM | H10 News Sounding a red alert on India's CPI inflation at an 8-year high print of 7.79% YoY in April, Acuite Ratings has said it may trigger quicker rate hikes. "If inflation pressures continue to mount there is a likelihood of additional hikes thereby taking the rate to its pre- pandemic level of 5.15 per cent or even higher in FY23. Additionally, we also expect CRR to be hiked by another 50 bps by H1FY23," Acuite Ratings said. |
| Acuité comments on the jump in inflation and expects rate hikes of 1 per cent in the remainder of the fiscal year, covered by The Times of India, The Economic Times, Business Standard, Financial Express, Zee News, CNBC TV18, The Telegraph, Business Today, Deccan Herald, and other national publications: 13 May 2022 Times of India | Economictimes | Business Standard | Financial Express | Zeenews | CNBC TV | Telegraph India | Businesstoday | Deccanherald | Aajkitaazanews | Devdiscourse | Latestly | News Sarkari Job | Quicktelecast | Tradebrains | The Sen Times The jump in inflation is dangerous and a scary start for the new fiscal year, Acuite Ratings and Research said in a note, adding that it also expects rate hikes of 1 per cent in the remainder of the fiscal. |
| Acuité comments on a story by The Economic Times on 'What is UN-PRI, and will it benefit Indian financial institutions? 09 May 2022 Suman Chowdhury, Chief Analytical Officer, Acuité Ratings, believes that by making a commitment on the integration of ESG in the decision framework, global investors, lenders and rating agencies will support a greater linkage between ESG performance of businesses vs targets and their ability to access funds for future growth. |
| Acuité comments on trade deficit, covered by Business Today 05 May 2022 India historically runs a trade deficit. As trade is normalising in the post pandemic period, the trade deficit has been widening as imports have been higher than exports. According to Acuité Ratings the cumulative trade deficit for 2021-22 has widened to more than a decade high at $192 billion. It was in 2012-13 when the trade deficit peaked at $190 billion. Given the higher crude prices , Acuité Ratings expects the trade deficit to widen further. A higher trade deficit will put pressure on the current account deficit (CAD), which in turn will increase demand for foreign currency, especially dollars, to finance the deficit. |
| Acuité comments on MPC announcement, covered by The Economic Times (Print Edition enclosed). ET BFSI did a separate story on it, carrying Mr. Suman Chowdhury's picture and quote. 05 May 2022 "We expect a further rise in the CPI print over the next two-three months which will reflect the impact of retail fuel prices and also the increase in food inflation from categories such as edible oil,” said Suman Chowdhury, chief analytical officer at Acuite Ratings & Research,
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| Acuité comments on the rise and uncertainty of inflation, covered by The Economic Times, and The Week 05 May 2022 The weakening economic impact of the pandemic, progressive normalisation of growth impulses, sharp upside risks to inflation and the need to be in sync with global interest rate cycle, warranted the commencement of withdrawal of the pandemic era monetary policy accommodation, said Suman Chowdhury, chief analytical officer at Acuite Ratings.
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| Acuité comments on India’s importance in the emerging geopolitical landscape, covered by the Broker’s Forum of India. 02 May 2022
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| Acuité findings got covered in a story on “IFCI notice against encumbrance of Future Brands’s assets”, published by the Financial Express (print & online) and other national publications 26 Apr 2022 Financial Express | Rashtranews | The Spuzz According to a November 26, 2021, report by Acuité Ratings, Future Brands has bank loans worth Rs 806.25 crore. Future Brands was incorporated in 2006 and is 98.06% owned by Future Ideas Company and Surplus Finvest as on March 31, 2019.
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| Acuité comments on the sharp rise in India’s WPI inflation, covered by The Hindu Businessline, Free Press Journal, and other national publications 19 Apr 2022 The Hindu Businessline | Free Press Journal | Nav Hindtimes | News Karnataka | Business Insider | Investing | News Roomodisha | Orissapost | Prokerala | The Hillstimes | SME Times | The Kashmir Images | Nagalandpost | Vishvatimes | CanIndia | Latestly | Devdiscourse | Fresherslive | Daijiworld | Sarkaritel | Socialnews XYZ | Tradebrains | Windowtonews | Nyoooz | Absoluteindianews | Andhram | The Federal ''Amidst increasing pressures on the profit margins of manufacturing companies and a pickup in consumption demand, Acuité expects a further pass through of input costs. We expect persistent supply side bottlenecks and high commodity prices to hold the core inflation at double-digit levels in the near-term,'' Chowdhury said. |
| Acuité comments on a story by The Economic Times based how will sovereign green bonds fare 18 Apr 2022 A reduction of 50-100 basis points in comparison to similar tenure vanilla g-secs may be necessary for the government to consider raising funds through this platform, said Mr. Sankar Chakraborti, Chairman, ESGRisk.ai & Group CEO, Acuité. |
| Acuité believes a regular monsoon with healthy rainfall in the initial period of June-July'22 will help to moderate the prices of fruits and vegetables which have a significant weightage in the food basket, covered by the Business Standard, IANS, and other subsequent publications. 16 Apr 2022 Business Standard | IANS | CanIndia | Prokerala | The Shillong Times | The Hills Times | Fresherslive | SME Times | The Freedompress | Sentinelassam | Ommcom News | Journeyline | Daijiworld | Asiainsurancepost | Suryaa | Socialnews XYZ | Windowtonews | Alwaysfirst | Forevernews | Absolute Indianews "If the predictions come true for this year, this will be the fourth successive year of a favourable monsoon and healthy agricultural prospects. A regular monsoon with healthy rainfall in the initial period of June-July'22 will help to moderate the prices of fruits and vegetables which have a significant weightage in the food basket," said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité expects the market to brace for a 50 bps repo rate hike for the current financial year, covered by The Economic Times, The Hindu Businessline, Livemint, Moneycontrol, The Week, and other national publications: 08 Apr 2022 The Economic Times | The Hindu Businessline | Livemint | Moneycontrol | Navhindtimes | The Week | Businessbreakingnews | Nyoooz | Dailyexcelsior Suman Chowdhury,
Chief Analytical Officer, Acuite Ratings & Research, said the announcements
indicate the impending rise in repo rate over the next 1-2 policy meetings and
may start to get reflected in a hike in banks’ deposit rates in the near term. |
| Acuité expects Brent crude to stay at $97 a barrel in FY23, covered by the Bloomberg Quint 07 Apr 2022 Acuite Ratings & Research Ltd. expects Brent crude to stay at $97 a barrel in FY23, while Crisil forecasts an average of $85-90 for the fiscal. |
| Acuité expects RBI to revise it's inflation forecast upwards and lay the ground for gradual exit from thier accommodative stance, covered by The Week 07 Apr 2022 Suman Chowdhury, chief analytical officer at Acuite Ratings & Research says that given the deteriorating global growth outlook and its cascading impact on India’s growth recovery, there is limited scope for the RBI to tighten monetary policy at this juncture. |
| Acuité expects the RBI to restore the width of the liquidity corridor to pre-pandemic levels, covered by The Economic Times, and Livemint: 07 Apr 2022 |
| Acuité expects the demand for passenger vehicles (PVs) will witness moderate growth over the next few quarters, covered by The Hindu (print edition enclosed) , Business Standard, New Indian Express, Moneycontrol, and other national publications. Acuité is mentioned in the headline of top publications like The Hindu (print & online), and Zeebiz. 06 Apr 2022 The Hindu | Business Standard | News Indian Express | Money Control | CNBC TV | Zeebiz| TV9Hindi| Outlook India | Devdiscourse| The Federal | Trade Brains | Daily Excelsior | AP Direct "Acuite believes that the demand for PVs will witness a moderate growth over the next few quarters with complete unlocking of the economy and revival of demand, particularly in the rural areas," it said.
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| Acuité comments on emergency loan scheme guarantee scheme, covered by The Bloomberg Quint 06 Apr 2022 According to a report by Acuité Ratings & Research, The ECLGS has certainly helped in alleviating the financial stress in the MSME segment during the pandemic |
| Acuité comments on a story by Moneycontrol expecting CAD to cross $100 billion in FY23 after hitting a nine-year high in October-December 05 Apr 2022 Bajoria is not alone in forecasting such a sharp deterioration in the current account. Using an average price of Brent oil of $97 per barrel – the average of monthly future prices for the next 12 contracts – Acuite Ratings and Research has projected a CAD of $85 billion for FY23 as a base case. This would be just short of the record deficit of $88 billion, posted in FY13. |
| Acuité expects crude oil price to moderate with increased supplies, covered by The Economic Times 05 Apr 2022 Acuite Research
expects crude oil price to moderate with increased supplies. However, it may
remain higher than the pre-conflict levels, and average in the range of $95-97
per barrel in FY23. |
| Acuité comments on story basis RBI Monetary Policy Committee (MPC) expectation on retaining the Repo rate, has appeared The Times Of India (print edition enclosed), The Economic Times, The Hindu Business Line, Financial Express, NDTV and other national publications 04 Apr 2022 Times of India | The Economic Times | ET Auto | NDTV | The Hindu businessline | Financial Express | Deccan Herald | Free Press Journal | Daily Pioneer | Outlook India | MSN | Gaga India | Swarajya | Business Today | BW Businessworld | Rediff | The Print | The Week | Udayavani | Telangana Today | Rashtra News | The Hills Times | Digi Hunt | DT Next | News Logic | Nyoooz | The Federal | Tradebrains | The Spuzz | ApDirect Given the current uncertainties, Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research, opined that RBI "has limited scope to tighten monetary policy".
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| Acuité comments on story basis RBI may hike inflation forecast, appeared in Business Standard (print)
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| According to the data from Prime Acuité Rating Database, the industry credit ratio surged 172 basis points year-on-year to 2.81. 02 Apr 2022 The industry credit ratio, a gauge for financial health measured as a proportion of upgrades vis-à-vis downgrades, surged 172 basis points year-on-year to 2.81, data from Prime Acuite Rating Database showed. Prime Acuite compiled data from seven local rating companies. |
| Acuité comments on the rise of India’s manufacturing industry, thereby replacing 25% of China’s imports, covered by Inventiva 30 Mar 2022 New findings from Acuité, a rating agency, point to India’s manufacturing industry replacing 25% of China’s imports. In a single year, the import bill would be reduced by over $8bn. |
| Acuité comments on India’s exports growth touching record high for the first time covered by India Today 27 Mar 2022 With imports growing significantly compared to exports, analysts are seeing a widening of the current account deficit (CAD). Acuite Ratings, for instance, projects CAD in 2022-23 to widen to $85 billion. This will happen due to elevated global commodity prices, unlocking of the economy after the Omicron wave, improved vaccination cover limiting future Covid-led disruptions, and production-linked incentives by the Centre starting to contribute to export buoyancy in a gradual manner from FY23. |
| Acuité comments on the resumption of regular international flights to revive domestic airline companies after a prolonged disruption to their operations, covered by IANS and subsequent publications 27 Mar 2022 The Freedompress | Sarkaritel | Socialnews | Forever News | Prokerala | CanIndia | Windowtonews | Andhram | Buzinessbytes | Newsroomodisha | Netindia123 | Webindia123 | India New England | Vishvatimes | New Kerala "The resumption of regular international flights after a hiatus of 2 years is set to give a booster shot to the domestic airline companies who have seen a prolonged disruption to their operations,” said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité comments on the rise of exports to a record high in the ongoing fiscal, covered by the Bloomberg Quint 24 Mar 2022 |
| Acuité comments on the rise of India’s oil demand in 2022, unfazed by inflationary risks, covered by the Bloomberg Quint 24 Mar 2022 While Brent crude has retreated from 14-year-high of $139.13 a barrel on March 7, it’s still elevated at $117. Acuite Ratings & Research expects the Asian benchmark for oil to stay around $97 in FY23. |
| Acuité comments on the struggle faced by India’s small business to pass on higher input costs, covered by the Bloomberg Quint 24 Mar 2022 |
| Acuité comments on the risk of stagflation in India’s economy caused by Russia-Ukraine conflict, covered by IANS, and other subsequent publications 17 Mar 2022 Business Standard | IANS Live | SME Times | News Karnataka | NewKerala| Prokerala| Fresherslive| Buzinessbytes| Window To News | Andhram| CanIndia| Socialnews XYZ On the other hand, Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research said: "We don't see any immediate risk of stagflation in India as high infrastructure spending and recovery of the services sector should ensure healthy growth prospects for India in the near to medium term." |
| Acuité comments on food inflation on the CPI front, covered by The Economic Times 16 Mar 2022 Also, food inflation is expected to remain a source of comfort on the CPI front with prospects of robust rabi arrival backed by strong rabi sowing acreage (at 70 million hectares), adequate buffer stocks along with supply-side interventions taken by the government in case of edible oil and pulses, according to Acuite Ratings and Research. |
| Acuité comments on rise of India’s Feb retail Inflation and wholesale inflation, covered by Forever News: 16 Mar 2022 Acuite Ratings & Research’s Chief Analytical Officer Suman Chowdhury said: "Clearly, this upward momentum is set to continue in March 2022 as the crude oil prices have shot up further and is currently hovering close to $110 per barrel (Brent). |
| Acuité comments on the rise of CPI inflation, covered by Financial Express, NDTV, Bloomberg Quint, and other national publications 15 Mar 2022 The Financial Express | NDTV | Bloombergquint | MSN | Aaj Ki Taaza News | Newzz The retail inflation for the earlier month of January was at 6.01 per cent. Earlier, in its bimonthly financial coverage meet in February, the RBI had stated the CPI inflation is anticipated at 5.3 per cent for FY22 and 4.5 per cent for FY23. The February CPI print should still not improve the typical retail inflation past 5.5% for the present monetary yr 2021-22, Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research, stated. |
| Acuité comments on the rise of wholesale price inflation, covered by The Hindu Businessline, IANS and subsequent publications 14 Mar 2022 The Hindu Businessline | Fresherslive | NetIndian | Sarkaritel | News Karnataka | The Freedom Press | SME Times | News Room Odisha | Daijiworld | Buzinessbytes | Andhram | CanIndia | Prokerala Acuite Ratings & Research's Chief Analytical Officer Suman Chowdhury said: "Clearly, this upward momentum is set to continue in March 2022 as the crude oil prices have shot up further and is currently hovering close to $110 per barrel (Brent). |
| Acuité comments on rise in the cost of commodities led by the Russia-Ukraine war, covered by IANS and subsequent publications 13 Mar 2022 IANS Live | Fresherslive | Socialnews XYZ | Forevernews | Can India | Prokerala | Newkerala | The Freedompress | Windowtonews | Vishvatimes | Daijiworld According to Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research: "There is a significant likelihood of CPI averaging 6 per cent in FY23 if crude oil prices remain above $100 per barrel over an extended period." |
| Acuité comments on rise of power tariff as coal prices zoom due to Ukraine crisis, covered by IANS and subsequent publications 09 Mar 2022 Lokmat Times | The Newsmen | New Kerala | The Freedompress | Webindia123 | Newsjani | Investing | The Media Coffee | Asian Independent | MENAFN | Vishvatimes | Ommcom News | Buzinessbytes | CanIndia | Andhram | Prokerala | Daijiworld | Fresherslive | Window To News "The cost of imported coal for Indian power plants has become virtually unviable given that many of these plants have a competitive bid fixed tariff structure. For plants with a pass through structure, the variable tariff is usually reset on an annual basis and will depend on the procurement costs from CIL sources, not directly linked with global coal prices," said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité comments on negative impact of global crisis on growth in the country due to inflationary trend covered by IANS and subsequent publications 08 Mar 2022 ET Auto | Free Press Journal | Fresherslive | Daijiworld "Except for a 2 year period between 2012-14, crude oil prices have never averaged over USD 100 pb in the last 10 years and have supported a relatively benign inflation trajectory," said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité comments on profiling of Madhavi Puri Buch appointment as the new SEBI chairperson, covered by The Hindu (Print edition enclosed), and other national publications. 06 Mar 2022 The Hindu | The Journal Time | ApDirect "Given her wealth of experience in the capital markets and financial services space, she understands the pulse of the markets and knows what the market regulator’s focus ought to be,” said Sankar Chakraborti, Group CEO, Acuité Ratings and Research.
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| Acuité comments on inflation, covered by Livemint, and other national publication. 05 Mar 2022 "Business confidence throughout producers and service suppliers nonetheless stay subdued led by the continued rise in inflationary pressures,” in line with Acuité Ratings & Research Ltd, While the score company believes the expansion outlook for India might not have a excessive linkage with the rising geopolitical dangers, growing sanctions on Russia can disrupt international commodity markets and provide chains of some merchandise, thereby having an oblique influence on the provision aspect and aggravating inflationary pressures. |
| Acuité comments on crude oil price, covered by Moneylife: 02 Mar 2022 "Clearly, high crude oil prices that have breached the $110 pb mark due to the emerging geo political crisis in Ukraine, will create significant inflationary headwinds for the Indian economy," said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité comments on Petrol and Diesel prices, covered by Krishi Jagran and New Kerala: 02 Mar 2022 "High crude oil prices, which have exceeded the $110 per barrel level owing to the escalating geopolitical situation in Ukraine, would clearly generate major inflationary headwinds for the Indian economy," said Suman Chowdhury, Chief Analytics Officer, AcuiteRatings & Research. |
| Acuité comments on India's GDP growth covered by Moneycontrol (English & Hindi), and other national publications: 01 Mar 2022 Moneycontrol| Hindi Moneycontrol | SME Times Acuite Ratings & Research Chief Analytical Officer Suman Chowdhury said: "While the core sector has been largely resilient to the third wave of the pandemic witnessed in the month of Jan' 22, the weaker momentum in output growth can be attributed to the uncertainty created by the spread of Omicron. |
| Acuité comments on India's GDP growth covered by The Economic Times, New Indian Express, IANS, and other national publications: 28 Feb 2022 Energy News | New Indian Express | IANS Live | Zee5 | The Print | The Week | Devdiscourse | CanIndia| Investment Guru India | Daijiworld | Nyoooz | Siasat | Socialnews XYZ | Newsroomodisha | Buzinessbytes | Tradebrains | The Freedompress | Telugustop | Bollyinside | MENAFN | Andhravilas | Compsmag| Greendealnews "While we continue to believe that government’s thrust on infrastructure segment and the progress in vaccinations will strengthen core sector activity over the next few quarters, higher commodity prices and fresh supply chain bottlenecks in the context of the emerging geo-political risks through the Russia- Ukraine conflict will remain a point of concern,” Suman Chowdhury, Chief Analytical Officer at Acuite Ratings & Research, said. |
| Acuité's comments on crude oil prices covered by The Economic Times, The Hindu, New Indian Express, and other national publications: 25 Feb 2022 Economic
Times | The
Hindu | New
Indian Express | MSN | Goodreturns " Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research, said, "As the global economy witnesses a drop in headwinds from the Covid pandemic, new geopolitical risks emerge from the Russia-Ukraine conflict and if turns out to be a prolonged affair, crude oil prices are likely to stay above USD 100 over the near term." This will clearly have an impact on the domestic inflationary scenario where there are already significant undercurrents due to increasing pass-through of higher commodity prices with improving demand in manufactured products and even services, he said. "While the government can partly alleviate the pressures through a further cut in excise duties of retail fuels, input costs are set to increase further for sectors such as paints, chemicals, plastic products, transport and aviation in the near term. |
| Acuité comments on gold imports covered by Business Standard, IANS and its subsequent publications 24 Feb 2022 Business Standard | The Newsmen | IANS Live | Daijiworld | Fresherslive | Socialnews XYZ | Lokmat Times | Bhaskarlive | MENAFN | Bhaskarlive | The Freedompress | SME Times | Can India | Vishvatimes Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said international gold prices have remained mostly above $1,750 for most of the months in the last one year but despite that gold imports by India have remained high. |
| Acuité's comments on crude oil prices covered by The Hindu Business line (print edition enclosed), The Hindu (print edition enclosed), Siasat and other national publications 24 Feb 2022 The Hindu Businessline | The Hindu | Siasat | IANS Live | Can India | IANS | Telugustop | Daijiworld | OrissaPost | SME Times | Lokmat Times | Sambad English | Lokmat Times | Net Indian Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research said: "As the global economy witnesses a drop in headwinds from the Covid pandemic, new geo political risks emerge from the Russia-Ukraine conflict and if turns out to be a prolonged affair, crude oil prices are likely to stay above $100 over the near term." |
| Acuité's release on AMEP Index Feb-22 covered by ETBFSI and other national publications 22 Feb 2022 India’s FY22 GDP growth remains to be seen at 9.5% as the third COVID-19 wave will have limited impact on the Indian economy, according to a report by Acuite Ratings and Research. |
| Acuité's release on AMEP Index Feb-22 covered by IANS and its subsequent publications 18 Feb 2022 IANS Live | Lokmattimes | CanIndia | Fresherslive | Business Bytes | News Room Odisha | India Tribune | Cityairnews | Social News XYZ | Sarkaritel | True Scoop News | Ommcom News | NP News24 | Telugu Bullet | Andhram | Andhravilas | Daijiworld | menafn | Latestly | Telugustop | Nav Hindtimes | The Newsmen | Tamil Tech Central | Reporterpost | Indiagreets "Expectedly, Omicron has led to a fresh dent in domestic economic activities which was also reflected in our proprietary AMEP (Acuite Macroeconomic Performance) monthly index which eased to 112.2 in Jan-22 from 115.0 in Dec-21,” Chief Analytical Officer, Suman Chowdhury, said. |
| Acuité's report on trade deficit covered by Economic times, IANS and other national publications 17 Feb 2022 The Economic Times | ET CFO | The News Men | Daijiworld| Precious Kashmir | Telugu Stop | Fresherslive| True Scoop News | socialnews| Buzinessbytes| Pehal News | Knowledia| Andhram| menafn| Andhravilas| PUBLIC| Verve times | CanIndia| The Feed Front | IANS | Indiagreets India’s FY22 current account deficit faces mild upside risk from high commodity prices, said Acuite Ratings & Research. |
| Acuité's comments on Inflation covered by The Print, Bloomberg Quint, The Week, Free Press Journal and other national publications 15 Feb 2022 ThePrint | Bloomberg Quint | The Week | Free Press Journal | Rediff.com | Telugustop | The Navhind Times | NewsDeal | Moneylife Furthermore, Acuite Ratings & Research said: "Going forward, as the recovery turns more sustainable given strong progress in vaccination, decline in Covid caseloads along with gradual unwinding of lockdown restrictions by states we expect the RBI to gradually revert to its pre-pandemic policy corridor by hiking the reverse repo rate between April-22 and June-22 policy meeting." |
| Acuité's comments on IIP covered in The Hindu Business Line 15 Feb 2022 "Overall, the momentum of industrial revival has been slow in Q3FY22 and given the high base factor, one can continue to expect moderate growth at best in IIP in Q4FY22," said Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research. |
| Acuité’s comments on MPC Feb 22 covered by The Print, The Week, Business Today and other national publications 10 Feb 2022 ThePrint | The Week | Business Today | Daijiworld | Devdiscourse | Social News XYZ | TeluguStop | menafn | SME Times | CanIndia | Andhram In addition, Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research said: "It is clear that the central bank wants to hold on to the supportive monetary policy and augment the growth focussed budgetary initiatives of the government till the data points to a strong pick up in domestic consumption demand.” |
| MPC Feb'22 Preview by Acuité Ratings & Research covered by IIFL and Zee Business 10 Feb 2022 Says Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research "As such, we believe RBI could consider moving reverse repo rate up by 20 bps in the Feb-22 policy review to signal the initiation of interest rate normalization cycle while retaining the accommodative stance and the repo rate till the growth signals in the economy become durable. This will also be consistent with its ongoing emphasis on rationalization of liquidity surplus, which has already pushed short term money market rates higher.” |
| Acuité’s comments on MPC expected to retain its key lending rates covered by IANS and its subsequent publications 07 Feb 2022 Ahmedabad Mirror | Lokmat Times | CanIndia | menafn | New Kerala | IndUS Business Journal | SME Times | Sarkaritel | Daijiworld | True Scoop News | Fresherslive | Telugustop | News Karnataka | Social News XYZ | Andhravilas "We believe RBI could consider moving reverse repo rate up by 20 bps in the February 2022 policy review to signal the initiation of interest rate normalisation cycle while retaining the accommodative stance and the repo rate till the growth signals in the economy become durable,” said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité's comments on Green bonds covered by The Hindu (print edition enclosed), The Hindu Business Line, Moneycontrol, Financial Express and other national publications 01 Feb 2022 Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research On Fiscal Deficit: In line with our expectations, the revised fiscal deficit for FY22 has been assessed at 6.9%, slightly higher than the budgeted print. In our opinion, this reflects the uncertainty on the LIC IPO and also the back loaded revenue and capital expenditure in FY22. With the significant jump in outlay for capex in FY23, the reduction in the fiscal deficit is budgeted to be only moderate at 6.4% next year. This will imply a significant quantum of gross govt borrowings as in the current year and will maintain the firmness in bond yields which have already seen a spike.
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| Acuité's comments on clean energy and electric vehicles covered by Times of India and First Post 01 Feb 2022 "The government continues to provide increasing use of clean energy and EVs. Public transport would increasingly have a higher usage of EVs. Further, a policy for battery swapping will be developed which will ensure standardization and enhance charging infrastructure," said Suman Chowdhury, chief analytical officer at Acuite Ratings & Research. |
| Acuité's comments on the infrastructure covered by The Hindu Business Line 01 Feb 2022 According to Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research, "The outlay for capex has been significantly enhanced by 35 per cent from Rs 5.5 lakh Cr to Rs 7.5 lakh Cr, which is more than double of the levels in FY20. This will continue to boost the construction sector and generate jobs in the infrastructure sector.” |
| Acuité's comments on LIC IPO covered by The Telegraph, Yahoo, Reuters and other national publications 01 Feb 2022 Telegraph India | Finance Yahoo | Reuters | Times Now News The downward revision "highlights the uncertainty regarding theLIC IPO," said Suman Chowdhury, chief analytical officer, Acuité Ratings in a note. "It is evident that the government is unlikely to pursue public sector units disinvestment in an aggressive manner over the next 1-2 years." |
| Acuité comments on Capex to focus on job creation, PLI expansion, covered by IANS and its subsequent publications 28 Jan 2022 Business
Standard | Daijiworld | IANS
Live | Fresherslive | CanIndia | SME Times | Telugustop | MENAFN "We expect a higher outlay for the healthcare infrastructure sector across the country and this is partly driven by the compulsions from the prolonged pandemic,” said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité is now Great Place to Work - Certified covered by Business Standard, ThePrint, PTI, PR Newswire and other national publications 27 Jan 2022 Business Standard | The Print | PTI News | Samacharlive | Latestly | Business Upturn | Webindia123 | Easternherald | Lokmat TImes | PRnewswire | ANI News | Devdiscourse Celebrating the momentous occasion, Mr. Sankar Chakraborti, Group CEO at Acuité Ratings & Research, said, ''Receiving the Great Place to Work®-Certification is a reminder that nothing is more precious to an institution than human capital. Whether it's driving innovations through technology to people's practices, we put our team at the heart of everything we do. This day, we reiterate our unwavering commitment to be loyal to these values and meet the expectations of our stakeholders.'' Acuité has been making consistent efforts in building an inclusive culture by facilitating idea generation and stimulating an intellectual environment. The company has made a remarkable impact in the minds of its stakeholders which was possible due to the excellence in execution demonstrated by its employees. |
| Mr. Sankar Chakraborti writes about 'Union Budget 2022: Key measures govt must take to address demand-side issue' covered by Business Standard 27 Jan 2022 The prolonged Covid pandemic had a significant impact on economic activity in FY21 when the real GDP contracted by 7.3%. While the pandemic continued in FY22 with an intense second wave in Q1FY22 and a nascent third wave in Q4FY22, the economy has witnessed a revival with expected GDP growth in the range of 9-10% for the current fiscal, which highlights that the economic output has exceeded the pre-pandemic levels. What has driven the revival is robust growth in public capital expenditure and exports, the latter fuelled by the demand recovery in the developed economies. Private consumption demand, however, remains a weakness particularly from the rural areas and is still yet to come above the pre-pandemic levels. Although the agricultural output has been healthy during the pandemic period and a broad-based revival in the manufacturing sector has been in evidence in FY22, the services sector is clearly yet to witness an adequate revival particularly the largely contact intensive trade, hotels and transport sector which is estimated to have a shortfall of 8.5% compared to the pre-pandemic FY20.
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| Acuité's comments on focus of Budget FY23 on capex covered by IANS and its subsequent publications 25 Jan 2022 BFSI | ET Auto | ET CFO | Fresherslive | IANS Live | Daijiworld | SME Times | Webindia123 | CanIndia | Telugustop | Socialnews XYZ | MENAFN "Higher spending on infrastructure and construction projects have a positive spin-off on employment and consumption demand,” said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité's comments on expectations from the Union Budget 2022 giving infrastructure status to pandemic hit industries, covered by IANS and its subsequent publications 21 Jan 2022 Business Standard | Zee News | Bharat Times | New Kerala "We believe there is a case for considering 'infrastructure sector' status to the healthcare and the EV charging eco-system. The criticality of adequate healthcare infrastructure across the country has increased significantly after the pandemic and the 'infrastructure' tag can be extended to not only hospitals but also diagnostic centres," said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité’s comments on fiscal projections for FY23 covered by IANS and its subsequent publications 19 Jan 2022 The Hans India | Zee Business | Daijiworld | IANS Live | Investment Guru India | BFSI "As regards the fiscal projections for FY23, we believe that the focus will remain on growth stimulation and include higher revenue and capital expenditure outlay. Therefore, we don't foresee any major reduction in the budgeted fiscal deficit for next year," said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité Prime Ratings Database mentioned in the story of Non-cooperation movement of Indian borrowers covered by Business Standard (print edition enclosed) 18 Jan 2022
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| Acuité’s comments on WPI Dec’21 covered by IANS and its subsequent publications 17 Jan 2022 MENAFN | Socialnews XYZ | Telugustop|Andhram | News Karnataka | Samaj Weekly | IANS Live | Fresherslive | Webindia 123 According to Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research: "The data indicates that the incremental price pressures in the primary article and the fuel segments have eased in the previous month, although a fresh rise in global crude prices can make such a relief temporary. |
| Acuité’s comments on inflation covered by IANS and its subsequent publications 13 Jan 2022 Sambad English | Lokmat Times | Ommcom News | English Telugustop | Fresherslive | Precious Kashmir | WebIndia123 | MENAFN | Andhram Acuite Ratings & Research’s Chief Analytical Officer, Suman Chowdhury, said: "Core inflation continues to be elevated and estimated at 6.2 per cent for Dec-21, almost at similar levels as in the previous month. |
| Acuité’s comments on economic impact of the third wave covered by IANS and its subsequent publications 12 Jan 2022 Daijiworld | Bizzbuzz | IANS Live | Telugustop | SME Times | New Kerala | MENAFN | English Telugustop | CanIndia Suman Chowdhury, Chief Analytical Officer, Acuite Ratings and Research, said: "We believe that the economic impact of the third wave will be relatively lower as compared to the previous surges going by the current data on hospitalisation and mortalities which will hopefully translate into lesser risk of large scale and prolonged lockdowns. |
| Acuité's insights on Balance of Payments covered by Hindu Business Line (Print edition enclosed) and The Outreach 07 Jan 2022 The Hindu BusinessLine | The Outreach Acuité Ratings has also revised its 2021-22 current account deficit forecast to $46 billion from $38 billion earlier, as against a surplus of $24 billion in 2020-21. |
| Acuité's report on Auto Sales Dec'21 covered by The Economic Times, IANS and its subsequent publications 05 Jan 2022 ET Auto | Fresherslive | Webindia123 | MENAFN | CanIndia | GreatAndhra The reimposition of restrictions due to the rise in Covid cases is expected to impact demand for automobiles, especially for passenger vehicles and two-wheeler, ratings agency Acuite said on Tuesday. |
| Acuité Ratings & Research rated Edelweiss Financial NCDs that closed early and successfully. This was covered by LiveMint, Business Journal and other national publications 04 Jan 2022 Livemint | Business Journal | Businesstoday | Capital The NCDs have been rated AA- with a negative outlook by rating agency Crisil Ltd and AA with a negative outlook by Acuité Ratings & Research Ltd. |
| Acuité’s comments on Indian Airport Sector covered by Business Standard, ET Infra, Deccan Herald, IANS and its subsequent publications 03 Jan 2022 Business-Journal | Canindia | New Kerala | IANSlive | Fresherslive | Daijiworld | Deccanherald | Infra Economic Times | Business Standard Additionally, Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research said: "As of 2020, there were 153 operational airports in India which is poised to grow to by another 20-30 by 2030.” |
| Acuité's release on Rupee volatility covered by Free Press Journal, Zee Business, Economic Times, Business Standard and other national publications 30 Dec 2021 Free Press Journal | Zee Business | Economic Times | Business Standard | Siasat | Ahmedabad Mirror | Daijiworld | Social News Indian rupee has been on a tumultuous ride since the beginning of the calendar 2021, witnessing significant volatility in the band of 72.4-76.0/USD. From maintaining an appreciating bias in the early months of 2021 amidst record high foreign inflows, the INR has been losing ground past couple of months and is likely to end the year as one of the laggards among the Asian market currencies, Acuite Ratings said. |
| AMEP Index update covered by Free Press Journal (print edition enclosed), IANS and its subsequent publications 27 Dec 2021 "We
observed that after the expansion in two consecutive months our proprietary
AMEP (Acuite Macroeconomic Performance) index fell to 111 in November from a
post-Covid peak of 124.9," Suman Chowdhury, Chief Analytical Officer of
Acuite Ratings, said.  |
| AMEP Index update covered by Hindu Business Line (Print edition enclosed) and other national publications 24 Dec 2021 The Hindu Business Line | News on News Acuité Ratings & Research said its proprietary,
AMEP (Acuité Macroeconomic Performance) index, fell to 111 in November 2021
from a post-Covid peak of 124.9 in October 2021, showing a loss in the momentum
of economic recovery as the pent up and festive consumption demand dropped in
intensity.  |
| Findings of ESGrisk.ai on companies ESG assessment mentioned in Mint industry story (print edition enclosed) 23 Dec 2021 ESG data from ESG Risk Assessments & Insights Ltd, by Acuite Ratings, showed that of the Nifty 50 companies, 40% of private sector companies are rated ESG risk A. In contrast, only 14% of public sector units are rated A. Risk A indicates an ESG leader with a largely positive track record of managing material risks.  |
| Acuité Ratings has incorporated ESG factors in its credit ratings covered by Bloomberg Quint 23 Dec 2021 Besides India Ratings, Acuite Ratings & Research, too, has started incorporating ESG factors into its credit ratings. They will disclose the "financial materiality" of the ESG issues to the credit ratings in their analysis. Crisil Ltd. has its own ESG rankings separate from credit ratings. |
| Acuité's comments on inflation covered by IANS and it's subsequent publications 16 Dec 2021 sify| Nagpur
Info |
| Acuité's comments on inflation covered by The Economic Times (Print enclosed), NDTV, The Hindu, and other national publications 15 Dec 2021 The Economic Times | NDTV | The Hindu | Zee 5 | Fox Story India Suman Chowdhury, Chief Analytical Officer, Acuité
Ratings & Research, said, "The WPI print for November highlights the
underlying inflationary pressures in the economy that is not apparent in the
headline CPI print. While the wholesale inflation had declined to 10.66 per
cent year-on-year in September, it climbed back to 12.54 per cent (YoY) in
October and further to 14.23 per cent in November, the highest level seen in
the current year."
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| Acuité's comments on regulations for Urban Cooperative Banks exclusively covered by The Hindu 15 Dec 2021 "While the central bank was vested with regulatory oversight on the banking activities of UCBs and DCCBs, its powers were limited to some extent which impacted its ability to take timely action in case of irregularities,” said Suman Chowdhury, Chief Analytical Officer at Acuité Ratings & Research. |
| Acuité's comments on industrial output covered by IANS and its subsequent publication 14 Dec 2021 Acuite Ratings & Research Chief Analytical Officer, Suman Chowdhury said: "While the momentum of industrial revival is slower than expected, the output levels have started to exceed the pre pandemic levels." |
| Acuité's comments on inflation covered by IANS and its subsequent publication 14 Dec 2021 Suman Choudhary, chief analytical officer, Acuite Ratings and Research, said the rise in food inflation was driven by volatility in vegetable inflation, which has remained stable at 7.4% month-on-month despite favorable winter weather. This, he said, must have happened due to erratic rainfall patterns in some parts of the country. |
| Acuité's comments on IIP- Oct'21 covered by IANS and its subsequent publications 13 Dec 2021
Zee News | MSN | SMEStreet | Daijiworld | Telugu Stop | Andhravilas | Bharat Times | Fresherslive Acuite Ratings & Research Chief Analytical Officer, Suman Chowdhury said: "While the momentum of industrial revival is slower than expected, the output levels have started to exceed the pre pandemic levels.”
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| Acuité's comments on Monetary Policy Preview covered by Financial Express, The Week and other national publications 08 Dec 2021 Financial Express | The Week | Aaj ki Taaza News | MSN | Samachar Central Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research: Monetary policy normalization will continue in the major global economies given the extended period of higher inflation but the speed may vary across the central banks, depending upon their assessment of the residual pandemic risks. India is also expected to continue with the gradual approach to normalization and a phase-wise increase in the reverse repo rate can be envisaged in the current fiscal. |
| Acuité's comments on RBI monetary policy Dec 2021 covered by IIFL and Zee Business 08 Dec 2021 IIFL Securities | Zeebiz | The Hindu Business Line | Bloomberg Quint While there was a partial likelihood of a modest hike in reverse repo rate in today's MPC policy meeting, the central bank has stuck to its principle of ‘gradualism’ since the downside risks to a durable growth trajectory have clearly increased due to the spread of a new Covid variant, said Suman Chowdhury, chief analytical officer, Acuité Ratings & Research. |
| Acuité's preview on Monetary Policy covered by Financial Express and The Economic Times 07 Dec 2021 Financial Express | The Economic Times Acuité believes that monetary policy normalisation will continue in the major global economies given the extended period of higher inflation but the speed may vary across the central banks, depending upon their assessment of the residual pandemic risks. India is also expected to continue with the gradual approach to normalisation and a phase-wise increase in the reverse repo rate can be envisaged in the current fiscal," Chowdhury said. |
| Acuité's comments on PMI Data Nov'21 covered by Hindu Business Line and The Outreach 06 Dec 2021 The
Hindu Business Line | The
Outreach "Overall, we expect PMI manufacturing and services to
remain strong in the remainder of FY22 amidst a near complete removal of
lockdown restrictions, ebbing of infections, improved consumer sentiments and
steady progress on vaccination,” said rating agency Acuité Ratings &
Research. |
| Acuité's comments on two wheeler sales covered by The Economic Times 03 Dec 2021  |
| Acuité's comments on Q2FY22 GDP covered by The Economic Times (Print version enclosed), Moneycontrol, Bloomberg Quint, Telegraph India, MSN, IANS and its subsequent publications 01 Dec 2021 "What is encouraging to see is a 10.7 per cent growth in gross capital formation in Q2FY22, driven primarily by public capital expenditure although there are also signs of a pickup in private capex in the current fiscal," said Suman Chowdhury, chief analytics officer, Acuite Ratings. .jpg) |
| Acuité's comments on Q2FY22 GDP growth covered by IANS and its subsequent publications 30 Nov 2021 Free Press Journal | Fresherslive | Sify | Telugustop | Daijiworld | Lokmat | Webindia123 | SME Times | Andhram "We expect India's GDP and GVA to grow by 8.5 per cent YoY and 7.5 percent YoY, respectively, in Q2FY22 amid some support from a favourable statistical base along with a gradual removal of lockdown restrictions by most states towards the end of the last quarter," said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité's release on Q2 GDP Preview covered by Moneycontrol, IANS and the subsequent top publications such Business Standard and Free Press Journal 26 Nov 2021 Business Standard | Moneycontrol | Free Press Journal | India.com | DT Next | Latestly | Lokmat | Telugustop | Kalinga TV | The News Motion | Economic Times | Bloomberg Quint | ET BFSI | CMIE India’s Q2FY22 GDP is expected to grow by 8.5 per cent on a year-on-year (YoY) basis amid support from a favourable base, Acuite Ratings and Research said. |
| Acuité's quote on inflation covered by IANS and subsequent publications like Business Standard 26 Nov 2021 Business Standard | India.com| SME Times | Mangalorean| Telugustop Acuite Ratings and Research's Chief Analytical Officer Suman Chowdhury said: "Some categories in the food basket have seen heightened inflation in the current year which includes edible oil, egg, meat and fish and pulses. Further, the sharply increased prices of petrol and diesel have also increased household expenditures with the unlocking of the economy." |
| Acuité's comments on airline industry covered by International Business Times 22 Nov 2021 "Clearly, IndiGo has built a dominant position in the domestic airline market over the last few years and in the pre-pandemic period, it was the only airline in India which demonstrated the ability to generate a healthy level of profits," Acuite Ratings and Research Ltd Chief Analytical Officer Suman Chowdhury said. |
| Acuité's report on inflation covered by ET BFSI 22 Nov 2021 Comfort on food inflation, likely record kharif output, and
recent reduction in VAT on petrol and diesel are likely to keep headline
inflation and household inflation expectations in check, according to a
report by Acuite Ratings and Research. |
| Acuité's comments on WPI Oct'21 covered by Hindu Business Line 16 Nov 2021 Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research said, "The WPI print for Oct-21 highlights the underlying inflationary pressures in the economy.” |
| Acuité's comments on Trade Data Oct'21 covered by Bloomberg Quint 16 Nov 2021 The export momentum continues to be encouraging but imports have also started to grow at a rapid rate both due to higher value of crude oil imports as well as higher domestic demand for non-oil products, Suman Chowdhury, chief analytical officer at Acuite Research, told BloombergQuint. |
| Acuité's report on inflation covered by ET Auto and IANS 15 Nov 2021 The continued benign inflationary trajectory in Q3FY22 has increased the likelihood of further postponement of interest rate normalisation, said Acuite Ratings & Research. |
| Acuité quoted in Bloomberg Quint story on India's bankers have a new favorite fit for lending Size S/M/L? 12 Nov 2021 After an extended period of sluggish loan growth, Indian lenders are starting to step up the pace at which they are giving out credit. Much of the improvement is coming via lending to medium-sized industries even as large corporations see little reason to borrow from banks and smaller units remain risky bets. Between September last year and this year, banks extended a net of Rs 68,871 crore in loans to the industry, according to data published by the Reserve Bank of India. Much of this incremental lending was towards units titled as 'medium' sized and defined as those where investment in plant and machinery does not exceed Rs 50 crore and turnover does not exceed Rs 250 crore. Outstanding credit to micro and small industries rose by Rs 35,092 crore. Outstanding credit to medium industries rose by Rs 57,540 crore. Outstanding credit to large industries fell by Rs 23,760 crore. Credit growth to medium enterprises has grown rapidly through 2021, rising 71.5% on an annual basis in July 2021, before easing to 49% in September. In comparison, credit growth to the overall industry remained range bound at 2.5% in September. As banks have stepped up lending to mid-sized firms, their share in outstanding credit has also increased. The share of credit outstanding to medium-sized industries, an indicator which moves slowly due to the relative size of large corporate lending, has risen to 6% in September 2021 from 4.5% in September 2020, the data shows. CS Setty, managing director at the State Bank of India, said that medium-sized enterprises tend to do better compared to micro and small industries that are vulnerable and were harder hit in the pandemic. In addition, the government's emergency credit line scheme helped these companies survive and they are now benefitting as demand picks up, he said. According to Suman Chowdhury, chief analytical officer at Acuité Ratings & Research, the early spurt in capex is also being led with medium-sized firms. The investments by this segment might not be large but is still sizeable on an aggregate level, he said. In contrast, in sectors where larger companies are investing, demand for credit is being met via the bond markets over banks, he added. Within medium-sized industries, some sectors are seeing a bigger pick-up than others. According to RBI's sectoral bank credit data, infrastructure, textiles and chemicals are among those seeing improved traction. Credit to infrastructure rose 5.8% in September over a year earlier, led by lending to power and road companies. Airports and roads saw the fastest pace of growth, rising by 46.5% and by 24.8% respectively. Credit to textiles rose 6.3% over a year earlier, while chemicals and chemical products saw a rise of 4.1%.
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| Mr. Sankar Chakraborti, Chairman, ESGRisk.ai and Group CEO, Acuité shares insights on why ESG scores matter to investors in an interview with Krishna Kant from Business Standard 09 Nov 2021 Last year Acuite Ratings & Research launched ESGRisk.ai to provide ESG ratings to India’s top listed companies. Sankar Chakraborti chairman, ESGRisk.ai & group CEO, Acuité Ratings & Research tells Krishna Kant from Business Standard. |
| Acuité report on Commercial Vehicle covered by the below publications: 08 Nov 2021 Times of India | Economic Times | FreePress Journal | Latestly | Lokmat | The Greater India | Urallnews | IANS Live | Global Circulate Commercial Vehicle volumes are set to pick up with the ongoing economic revival, ratings agency Acuite Ratings and Research Said. |
| Acuité views on - Diwali sales, not a revenge buying story in the below publications: 08 Nov 2021 Smart Investor | The Statesman | News Insure | Urall News According to Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research: "Clearly, the festive season is likely to give an impetus to retail demand and this is already getting reflected in the data published by Confederation of All India Traders (CAIT) for this Diwali season; the sales at retail outlets have reportedly more than doubled to Rs 1.25 lakh crore from Rs 60,000 crore in 2019." |
| Acuité's comments on smog affecting health and economic activity, covered by IANS and its subsequent publications 08 Nov 2021 Daijiworld | Socialnews.XYZ | MENAFN | Andhravilas Furthermore, the mobility of the area's residents start to get impacted due to the phenomenon, said Acuite Ratings & Research Chief Analytical Officer Suman Chowdhury, adding that this impacts contact intensive sectors such as retail and hospitality. |
| Acuité’s report on Banking sector covered by ET BFSI 03 Nov 2021
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| Acuité's comments on the public sector banks covered by The Economic Times 02 Nov 2021 Over the last five years, public sector banks' market share has dropped by around 10% in both deposits and advances. "Clearly, asset quality and the resultant profitability, as well as capital challenges, have been the key factor in the slowdown of the public sector banks," Acuite Ratings & Research said in a note. |
| Acuité's comments on Core Sector data Sep'21 covered by The Hindu Business Line, ET Auto, NDTV, IANS and other national publications 01 Nov 2021 The Hindu Businessline | ET Auto | NDTV | Lokmat | Fresherslive | IANS Live While we continue to believe that government's thrust on infrastructure segment, progress in vaccinations along with strong export demand will continue to bolster overall industrial activity over the next few quarters, the Sep-21 core sector data has come as a negative surprises and highlights concerns on higher commodity prices and raw material shortages,'' said Mr. Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research. |
| Acuité's report on gold imports covered by Live Mint 01 Nov 2021 A recent report by Acuité Ratings & Research Ltd showed that India’s gold imports were at a decade-high level in the first half of FY22, as a mild correction in domestic gold prices by 2.7% from the peak seen in May further provided a fillip to domestic gold demand. "It is also likely that a part of increased household savings in the higher income categories are being partly deployed in physical gold as it has been traditionally considered to be a safe haven in an environment where the risks of the pandemic continue to exist," said Suman Chowdhury, chief analytical officer, Acuité. |
| Acuité's report on banking sector covered by Business Standard, The Hindu Business Line, Money control and other national publications 29 Oct 2021 The Hindu Businessline | Moneycontrol | The Outreach | MSN | Andhram The Indian banking sector is set to witness a fresh round of consolidation over the medium term – spread over FY22-24 period - primarily driven by large private sector banks, according to Acuite Ratings and Research. |
| Acuité's comments on gold imports covered by Money Control 26 Oct 2021 "The release of the pent-up demand following the easing of lockdown restrictions and re-opening of retail outlets, the revival in consumer sentiments due to the steady progress in vaccination, the declining risk of a third COVID wave along with re-stocking of inventories ahead of the festive and wedding season have led gold imports to surge in FY22 so far,” says Suman Chowdhury, Chief Analytical Officer, Acuité Ratings. |
| Acuité's report on gold imports covered by Live Mint (Print edition enclosed) 26 Oct 2021  |
| Acuité Macroeconomic Performance Index launch covered by Free Press Journal, IANS and it's subsequent publications 21 Oct 2021 Freepress Journal | Daijiworld | Webindia123 | Socialnews XYZ | Fresherslive | MENAFN | IANS Live | Wefornews | IND Forums "Based on the steady progress on vaccination, expected improvement in consumption driven by pent-up demand for goods and vengeance spend on services, favourable kharif crop estimates, export buoyancy as well as the continuing accommodative monetary and fiscal policy backdrop, we continue to hold on to our FY22 growth forecast of 10 per cent," said Suman Chowdhury, Chief Analytical Officer at Acuite Ratings & Research.
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| Acuité's comments on Sep'21 WPI inflation covered by The Hindu, Outlook India, Deccan Herald, The Week and Business World 18 Oct 2021 The
Hindu | Outlook
India | Deccanherald | The
Week | Business
World Suman Chowdhury of Acuite Ratings & Research said the gap between CPI and WPI inflation indicates that the current inflationary risks are primarily emerging from the impact of commodity prices on the manufacturing sector, where further pass-through is likely as demand continues to improve. |
| Acuité's comments on IIP Aug'21 covered by IANS and its subsequent publications 13 Oct 2021 IndiaTV News | IANS Live | Social News XYZ | TeluguStop | Andhram | Fresherslive | MENAFN | WebIndia123 | Buzinessbytes | Samachar Central | TechiAI | Mediantwrk | Urban Press | HinduPost | New Kerala | Mydroll Acuite Ratings & Research Chief Analytical Officer Suman Chowdhury stated: "India’s Industrial Production expanded by 11.9 per cent YoY in August 2021 with a gradual revival in industrial activity. However, the momentum of such revival has clearly dropped as evident from the slight sequential contraction in the index vis-a-vis the strong uptick seen in the months of June-July after the peak of the second Covid wave.” |
| Acuité's comments on Tata regaining control of Air India covered by Hindu Business Line, Money Control, Reuters, CNBC and other national publications 09 Oct 2021 The Hindu Businessline | Reuters | Money Control | The Outreach | Devdiscourse | Gulf TImes | Finance Yahoo | The National News | Daily Sun | Aviation India | The Edgemarkets | The Business Standard | Business Journal Suman Chowdhury, Chief Analytical Officer, Acuité Ratings and Research, said, "With Air India, Vistara, and Air Asia having a current combined market share of 26.9 per cent, the Tata Group will emerge as the second-largest domestic airline after IndiGo once the consolidation of the operations of all three airlines is completed.” |
| Acuité's comments on the MPC announcement covered by Financial Express, Bloomberg Quint, Business Today and NDTV 08 Oct 2021 Financial Express | Bloomberg Quint | Business Today | NDTV "While food inflation is expected to remain low, we believe there is a case to monitor inflation very closely over the next few months given the continuing commodity price pressures, industrial raw material shortages and the impending recovery in consumer demand," says Suman Chowdhury, Chief Analytical Officer at Acuité Ratings & Research. |
| Acuité's comments on the Expectations from Oct'21 MPC covered by IANS and its subsequent publications 06 Oct 2021 Social News XYZ | Telugu stop | Smallnews | CanIndia | IND Forums Acuite Ratings & Research Chief Analytical Officer Suman Chowdhury said: "Unlike most developed and peer nations, the headline CPI inflation in India has moderated in Jul-Aug'21 due to lower food inflation and the short term outlook on inflation remains benign." |
| Acuité's comments on expectations from Oct'21 MPC exclusively covered by The Hindu Business Line and quoted first in the story (Print enclosed) 04 Oct 2021 Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research, said: "Acuité believes, in line with market expectations, that Reserve Bank of India will continue with its accommodative monetary policy in October although it is likely that it may take some further steps to recalibrate the excess liquidity in the monetary system over the next one to two quarters.”  |
| Acuité's comments on corporate credit quality exclusively covered by The Economic Times (Print edition enclosed)* 02 Oct 2021 "The sharp improvement in credit ratio reflects the steady recovery in the economic environment post the disruption from the pandemic," said Suman Chowdhury, chief analytical officer, Acuite Ratings  |
| Acuité Ratings, first CRA from India to become a signatory to UNPR's “ESG in Credit Risk and Ratings Statement” covered by The Economic Times and Business Standard (Print Enclosed) 29 Sep 2021 Business
Standard | The
Economic Times 
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| Acuité's comments on Kharif crop estimates covered in Live Mint 26 Sep 2021 "Overall, the first advance estimate of kharif crop is broadly in line with the sowing acreage which has been just 1% below last year’s level and will support the recovery in rural incomes in the post pandemic environment apart from moderating food inflation and thereby, headline CPI inflation, said Acuite Ratings and Research. |
| Acuité's comments on ratings upgrades covered by CFO Economic Times 16 Sep 2021 The number of upgrades has increased by 2.4 times in the April-August 2021 period as against April-August 2020 and the downgrades have almost reduced by 40%. Further, the number of upgrades during this five-month period is almost similar to that in the pre-Covid year while the number of downgrades has almost halved from those levels, according to Acuite Ratings. |
| Acuité's comments on Industrial prodcution (IIP) covered by Hindu Business Line 13 Sep 2021
"India’s Industrial Production (IIP) expanded by 11.5 per cent YoY in July as unlock measures lead to further normalisation, thereby helping industrial output to recoup its lost momentum. Sequentially, the IIP print grew for the second consecutive month by 7.2 per cent in July from 5.7 per cent in June. The improvement is in conjunction with a pick-up seen in high frequency indicators such as exports, E-way bills, PMI manufacturing and auto production for the month of July,” said Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research. |
| Acuité's analysis on Corporate Credit Quality, Apr-Aug'21 covered by Business Standard(Print edition enclosed), Hindu Business Line (Print edition enclosed), Money Control, Free Press Jourmal and other national publications. 09 Sep 2021 Business
Standard | The
Hindu Businessline | Moneycontrol | Free
Press Journal | Socialnews
XYZ | Daijiworld | Sarkaritel | SME
Times | WebIndia123 As per Acuite, the number of credit upgrades by all the CRAs
in April-August period of current year stood at 1,380, far higher or more than
571 in the five month period of last year and close to pre pandemic level of
1,399 reported in April-August period of FY20. Similarly, credit downgrades
have fallen from 1,015 last year to 601 in five months of current fiscal. 
 |
| Acuité's comments on the india's forex resereves covered by Business Standard, Economic times, ET Auto and other national publications 06 Sep 2021 Business Standard | The Economic Times | ET Auto | Sify | The Weekend Leader | Webindia123 | The Statesman | Lokmat | Fresherslive "Acuite believes that India's forex reserves have adequate cushion to handle the currency volatility that can arise during a possible taper down of the bond purchases by the developed economies over the next one year," said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Views from Acuité's Q1 FY22 GDP impact analysis report covered exclusively by Hindu Business Line 06 Sep 2021 Acuité's comments on Q1 FY22 GDP impact analysis report covered exclusively by Hindu Business Line |
| Acuité's comments on the boost of SDRs in India’s forex reserves covered by IANS and its subsequent publications 03 Sep 2021 IANS
Live | Bhaskar
Live | Sarkaritel | Socialnews
XYZ | Webindia123 | CanIndia | Andhram | Buziness
Bytes "While the increase in SDR allocation further boosts the existing foreign exchange reserves for India, it has already been in a comfortable position and can cover over 15 months of imports, taking the average monthly import bill for the last 5 years,” Acuite Ratings & Research Chief Analytical Officer Suman Chowdhury said. |
| Acuité's comments on the Q1 FY22 GDP Data release covered by BloombrgQuint, Outlook India, The Week, Daily Pionner (Print edition enclosed) and other national publications 01 Sep 2021 Bloombergquint | Outlookindia | The Week | Sarkaritel | Web Statetimes | Bhaskarlive | Lokmat | Devdiscourse | Stock Infinities | Fresherslive | WebIndia123 | Socialnews XYZ Acuite Ratings & Research’s Chief Analytical Officer Suman Chowdhury said: "Acuite continues to maintain a tone of cautious optimism for the remainder of FY22 with the economy expected to be provided momentum by the approaching festive season, accommodative fiscal and monetary policy backdrop, vaccination progress along with better global growth outlook which will continue to be favourable for exports.”  |
| Acuité's comments on the Q1FY22 GDP growth estimates covered by Business Standard, The Economic Times and other national publications 31 Aug 2021 According to an SBI research report, the GDP is expected to grow at around 18.5 per cent in the first quarter of the current financial year. This estimate is lower than the Reserve Bank of India's GDP growth projection of 21.4 per cent for the April-June quarter. Meanwhile, Acuite Ratings pegs GDP growth at 22-23 per cent for Q1 on the back of a severe contraction a year ago and recovery in economic activities towards the end of the quarter. Any disappointment on the growth front could send markets in a tailspin. |
| Acuité's perspective on the Indian Equity Markets trends covered by The Indian Express (Print Edition Enclosed) 30 Aug 2021 Suman Chowdhury, chief analytical officer, Acuite Ratings & Research, said FPI sales can be attributed largely to increased concerns on the taper down of bond purchases by the US Fed which are expected to commence by the end of the calendar year and normalise the excess liquidity in the global asset markets. However, the markets have been relatively stable due to steady purchases by DIIs and domestic retail investors as the accommodative policy stance of the RBI has ensured ample liquidity in the system.  |
| Acuité's comments on the Q1FY22 GDP growth estimates covered by Business Standard, Free Press Journal, Newswire such as PTI and IANS, and other national publications 28 Aug 2021 Business Standard | Freepressjournal | Sify | Can India | Lokmat | Knowledia | Daijiworld | The Weekend Leader | Sarkaritel | News Karnataka | SME Times | Socialnews XYZ | Fresherslive | Bhaskarlive | IND Forums | Andhram
"The growth print is likely to be supported by the relative resilience of the industrial sector in this phase of the pandemic, steady uptick in exports and improved government capital expenditure levels apart from the base factor,” said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité's perspective on the Indian Equity Markets trends covered by The Times of India (print edition enclosed) 28 Aug 2021  |
| Acuité's comments on GDP estimates covered exclusively by Business Standard 27 Aug 2021 Suman Chowdhury, chief analytical officer, Acuité ratings & Research, said Q1FY22 enjoys strong support from a favourable base from last year’s near-complete nationwide lockdown. It had led to a massive 24.4 per cent (YoY ) contraction in Q1FY21 GDP of India. |
| Acuité's comments on India's wholesale price inflation covered by IANS and its subsequent publications 17 Aug 2021 SME Times | Siasat | NetIndian | Daijiworld | Lokmat | Buzinessbytes | Fast Kashmir | Webindia123 | Fresherslive | HYD News In addition, Acuite Ratings & Research Chief Analytical Officer Suman Chowdhury said: "This is in line with the trajectory of CPI inflation which has moderated to 5.59 per cent in July 2021 from 6.26 per cent in June 2021 reflects the easing of supply constraints due to the unlocking measures steadily undertaken by the state governments.” |
| Acuité's RBI MPC impact analysis report covered by Hindu Businessline, Mint and other national publications 16 Aug 2021 Livemint | India News Republic | Devdiscourse | MyDroll Acuite Ratings & Research Limited opined that policy normalisation will begin in a gradual fashion with comfort on vaccination, clarity on fiscal stance, and global rates setting. The agency called the increase in the quantum of variable reverse repo auctions as the first small step towards the same objective. |
| Acuité's comments on the CPI data covered by National herald 16 Aug 2021 "Clearly, the larger concern is the impact of consistently high food inflation on core inflation through cost push factors; the relatively high figure for transport and communication is a reflection of high tax driven fuel prices and increase in telecom tariffs," said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité's comments on the IIP covered by PehelaNews 16 Aug 2021 Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research: "The IIP print for Jun-21 at 13.6 per cent YoY reflected an even better performance than the core sector which had reported an 8.9 per cent YoY growth and indicates that the key industrial sectors are witnessing a gradual output recovery after the taper down of the second wave of Covid. The overall index has also shown a particularly sharp 5.7 per cent sequential rise as compared to May-21. While the risks of a third wave still persist, steady progress in vaccination has raised hopes for a steady rebound of the IIP trajectory from Q2FY22.” |
| Acuité's impact analysis of RBI MPC Announcement Aug'21 covered by Hindu BusinessLine 10 Aug 2021 The expanded scope of Variable Rate Reverse Repo (VRRR) auctions for temporary absorption of liquidity surplus could act as a precursor for monetary policy normalisation, according to Acuite Ratings & Research. |
| Acuité's comments on the trends in private sector capex vs government capex covered in Bloomberg Quint: 09 Aug 2021 
 |
| Acuité's comments on the MPC Announcement - Aug'21 covered by MoneyControl, Financial Express, Ndtv and other national publications 06 Aug 2021 Moneycontrol | Financial Express | Indiainfoline | NDTV | Newonnews There is a consensus in the markets that MPC will continue with its accommodative monetary policy given the continuing uncertainty on the growth momentum and the threat of another wave of the Covid pandemic. We don’t expect any action on interest rates or any major step towards recalibration of systemic liquidity at this point in time. Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research |
| Acuité comments on the expectations from the MPC Announcement - Aug'21 covered by Hindu Business Line, Financial Express and India Tv News 06 Aug 2021 The Hindu BusinessLine | Financial Express | India TV | New Kerala There is a
consensus in the markets that MPC will continue with its accommodative monetary
policy given the continuing uncertainty on the growth momentum and the threat
of another wave of the Covid pandemic. We don’t expect any action on interest
rates or any major step towards recalibration of systemic liquidity at this
point in time. Suman Chowdhury, Chief Analytical Officer, Acuité Ratings &
Research |
| Acuité's views on the expectation of the MPC announcement covered by Financial Express, TheWeeek and other national publications 05 Aug 2021 The Week | Financial Express | Nagalandpost | Orissapost | Daijiworld | Lokmat | Punjab News Express | Fresherslive | Social News XYZ | Bhaskarlive | SME Times | New Kerala | Andhram | IANS Live | Buzinessbytes | IND Forums | Aaj Ki Taaza News | Business Journal | Newsdeal | Current News Bulletin "We don’t expect any action on interest rates or any major step towards recalibration of systemic liquidity at this point in time,” said Suman Chowdhury, Chief Analytical Officer at Acuite Ratings and Research. |
| Our Chief Analytical Officer talks about the proposed changes in the US economic policies and its likely impact on India’s export growth in “Forum Views”, a monthly capital markets magazine by The Bombay Stock Exchange Brokers Forum (BBF). 02 Aug 2021 
 |
| Acuité's comments on the Rating movements witnessed in the the Prime Acuité Credit Ratings Migration Database covered by Economic Times (Print in line) and other national publications 26 Jul 2021 Economictimes | ET CFO | The Greater India | Pehal News | Pedfire | The Hindu Times | Filter News | Samacharcentral | My Droll | Newstesla | News Concerns | Jioforme | Indianews Finance | Market Shockers | You Startups | PKNews10 | Newsbit | Newsotime | Bahamas | Elsalvador | IQ Stock Market | Christmasisland | Kenya News | The Daily Check | Hungary Bpositivenow | Albitross | Digitpatrox "With vaccination drive gathering momentum, the pattern in the direction of normalisation is prone to additionally catch on involved intensive sectors,” mentioned Suman Chowdhury, chief analytical officer, Acuite Scores. "The speed of upgrades rose on the sharpest tempo since outbreak of the pandemic final 12 months.”  |
| Acuité's impact analysis report on trade balance covered by IANS and its subsequent publications like Daily Pioneer (All print editions) and Free Press journal 20 Jul 2021 Freepressjournal | Latestly | Daily Pioneer | Sify | Daijiworld | Punjabnewsexpress | Investment Guru India | Webindia123 | Socialnews XYZ | New Kerala | SME Times | Buzinessbytes | India Narrative | IND Forum | The Rahnuma | Shafaqna India's FY22 YoY current account deficit is expected to widen, Acuite Ratings & Research said. It estimates approximately $30 billion deficit vis-a-vis $26 billion estimate in FY21.  |
| Acuité comments on India's June'21 WPI inflation, covered by IANS and its subsequent publications 15 Jul 2021 Sify | Fresherslive | MENAFN | Webindia123 | IND Forums | CanIndia | Socialnews XYZ | Jhalak "Clearly, the steady pass-through of increased costs in manufactured products has spillover risks to CPI inflation in the near term," Acuite Ratings & Research's Chief Analytical Officer, Suman Chowdhury, said. |
| Acuité's study on MFIs and smaller NBFC sector covered by Economic Times, Zee Business, Daily Pioneer (Covered in all print editions), Business Today online, ET BFSI and subsequent publications carried the news from PTI and IANS 10 Jul 2021 Economic Times | Business Today | ET Auto | ET BFSI | Zeebiz | Dailypioneer | Sify | DTNext | Free Press Journal | Goodreturns | Telanganatoday | Nagalandpost | Daijiworld | The Weekend Leader | Lokmat | MSN | India News Republic | Webindia123 | News wwc | Socialnews XYZ | Fresherslive | MENAFN | SMEStreet | SME Times | TechGenyz | Tricks Blog | Bizzbuzz | Andhravilas | Weeklyvoice | Jioforme | New Kerala | IND Forums | Alopan | Newsbit | Deccan News | IndiaInfoline | Astralpole | Journal Beat | Aaj ka Samachar | BankNewsNow.com | Obligationfinance | TimeIsNow | InvestKal | Teamlease | Correct Success | Bahikhata News | Salesground A report by Acuite Ratings said that collection efficiencies which were seen recovering above 90 per cent in Mar-21 have dropped to between 65-85 per cent levels during Q1FY22.  |
| Acuité's study on MFIs and smaller NBFC sector covered by Business Standard, Financial Express and other national publications 09 Jul 2021 Business Standard | Outlook India | Financial Express | Zeebiz | Latestly | Business Journal | Devdiscourse | Trendlyne | Flipboard | Journal Beat | Shafaqna | Elsalvador | Bollywood Slot | Yahoo! news | Asiannews | IQ Stock Market ''Analysis of MFIs and smaller NBFCs rated by Acuité indicates that the collection efficiencies which were seen recovering above 90 per cent in March 2021 have dropped to between 65-85 per cent levels during Q1FY22,'' it said. |
| Acuité Ratings and Research comments on the currency, covered by NDTV profit and other national publications (Quote reference - Macro Pulse report) 08 Jul 2021 NDTV | Upright Media | DiscountSutra | Scoop Blogs | Khabaradda "After closing at its strongest level since the beginning of the pandemic at 72.61 in May-21, the rupee has been on a weak turf in the month of Jun-21. The recent weakness in INR appears to be in sync with strengthening bias creeping in for the USD, which seems to have received a shot in the arm post Federal Reserve's Jun-21 monetary policy review,'' said Suman Chowdhury, Chief Analytical Officer, Acuité Ratings and Research. |
| Acuité comments on entry restrictions hampering the economic growth. Exclusive story by IANS and covered by subsequent publications 07 Jul 2021 Nagaland Post | Daijiworld | Fresherslive | Morung Express | MENAFN | Socialnews XYZ | IND Forums | Jhalak | We For News Acuite Ratings & Research Chief Analytical Officer Suman Chowdhury said selective access to contact intensive services based on vaccination would be a prudent measure. |
| Acuité comments on the sustainability of the FY22 Pent-up demand amidst prediction of a possible third wave of covid-19 covered by IANS and subsequent publications 30 Jun 2021 Sify | Andhram | Daijiworld | India
Narrative | Ommcom
News | Webindia123 | Fresherslive | Jakeranews | Bhaskarlive | Socialnews
XYZ | Techgenyz | IND
Forums | CanIndia | MENAFN | Jhalak "The sustainability of the pent-up demand, however, will clearly depend on the likelihood and severity of the third wave and importantly, the speed of vaccination in the country over the next few months," said Suman Chowdhury, Chief Analytical Officer at Acuite Ratings and Research. |
| Acuité shares perspective on the FM announcement on new relief measures amid Covid 2.0 covered by Moneycontrol, IANS and subsequent publications 29 Jun 2021 Moneycontrol | Sify | Lokmat | The
Siasat Daily | Daijiworld Media | Kerala
Kaumudi | DT
Next | Sarkaritel.com | Kalinga
TV | WebIndia123 | Fresherslive | SME
Times | IND
Forums | Social
News XYZ | CanIndia | We
For News Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research said: "The other significant measure from the government is a credit guarantee scheme for the MFI sector which has also been particularly impacted by the second wave of Covid.” |
| Acuité's comment on May inflation numbers was covered by India Today. One of the most prominent magazines read by leaders covered our views in the print and online edition 26 Jun 2021 "The upward trajectory in CPI inflation may moderate over the next few months with the tapering of lockdown restrictions and [the consequent easing of] supply constraints,” says Suman Chowdhury, chief analytical officer, Acuité Ratings & Research.  |
| Acuité shares their analysis on top 10 listed cement companies covered by economic times, financial express, business standard and other national publications 22 Jun 2021 The Economic Times | The Financial Express | Business Standard | CNBC TV18 | Moneycontrol | Freepressjournal | Outlook India | Yahoo Finance | BW Businessworld | Dailypioneer | Udayavani | Jioforme | IQ Stock Market | Devdiscourse | The Plunge Daily | Marketshockers | Merca Express Pandemic-hit FY21 has turned out to be a good year for the big cement companies, as their net profits surged and market position strengthened, a report said. The net profits of 10 major listed cement companies surged by 29.6 per cent on an average in FY21, although aggregate revenues grew modestly by 3.8 per cent, according to an analysis undertaken by Acuite Ratings.   |
| Acuité comments on the inflation for may 2021 covered by National news (print edition in line) and Kapi News 20 Jun 2021 "We don’t see any speedy response from RBI on the inflation entrance given the precedence accorded to the revival of the expansion impulses,” Suman Chowdhury, chief analytical officer at Acuité Scores and Analysis, says.
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| Acuité comments on the inflation spike in the national publications 15 Jun 2021 Suman Chowdhury, chief analytical officer at Acuite Ratings and Research, feels that the upward trajectory in consumer inflation may moderate in the next few months, as easing of lockdown restrictions across states will iron out supply constraints and the timely arrival of the monsoon will also have a favourable impact on vegetables and overall food prices. So, he doesn’t see any immediate response from the RBI on the inflation front. "However, the government may need to take suitable measures to control inflation of food products such as edible oils and pulses as well as retail fuels to mitigate any longer-term structural risks to inflation,” said Chowdhury. |
| Acuité comments on the CPI inflation in May 2021, covered by IANS and its subsequent national publications 14 Jun 2021 Lokmat | IANS
Live | Daijiworld | Fresherslive | CanIndia | India
Narrative | Webindia123 | Social
News XYZ | MENAFN | Bhaskar
Live | IND
Forums | We
For News | Sambhav
Khabar "Some categories in the food basket such as meat and fish, edible oil, fruits and pulses continue to show high inflation, both on a YOY and sequential basis, reflecting structural supply bottlenecks that might have got further aggravated by the fresh disruption brought in by the second Covid wave," Acuite Ratings and Research's Chief Analytical Officer Suman Chowdhury said. |
| Acuité comments on the Industrial Production growth in april 2021, covered by NDTV and other national publications 11 Jun 2021 NDTV | Pehal
News | The
Vom News | Upright
Media | News
Cerca ”…The general IIP in April 2021 has witnessed a barely optimistic progress of 0.1 per cent though the manufacturing sector has contracted by 0.9 per cent vis-à-vis April 2019…..Undoubtedly, the nascent momentum in IIP seen over Q3/This autumn of FY21 has obtained a setback in April-May however a speedy taper down of the every day an infection numbers and the urgency round vaccination, have raised hopes for a fast rebound of the IIP trajectory. ”While nearly all of the segments underneath the manufacturing sector have been affected initially by the financial slowdown and thereafter by the pandemic, it’s attention-grabbing to notice that the metals section has recorded a progress of 15.1 per cent over a two-year interval.” |
| Acuité comments on the RBI Monetary Policy covered by PTI, IANS and subsequent publications 07 Jun 2021 The Economic Times | Mint | Outlook India | Bhaskar Live | NDTV | Devdiscourse | Sify | Indian Lekhak | Business Journals | International Business Times | Vocalink | Pehal News | The Press Reporter | Earnax | News Matters Acuite Scores & Analysis Chief Analytical Officer Suman Chowdhury mentioned the Reserve Financial institution has taken observe of the upside dangers to inflation in a state of affairs of upper commodity costs and re-emergence of upper provide constraints amid lockdowns however continues to challenge benign inflationary figures for the following few quarters. |
| Acuité comments on the MFIs facing ratings downgrade risk amid second wave covered by Economic Times (Print edition in line) and other national publications 04 Jun 2021 Economictimes | Marketshockers | Business Journal | The Greater India | Pehalnews | Universal Personality | NewIndialife | Newonnews | Urallnews | Newswale | Aajka Samachar "We will closely monitor the loan delinquency levels for our rated clients in the sector and assess the impact on credit quality given the uncertainty in the operating environment,” stated Suman Chowdhury, chief analytical officer at Acuite Ratings.
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| Acuité Ratings & Research shares preview on the monetary policy to be announced covered by Economic Times, Financial Express, Free Press Journal, IANS and subsequent national publications 04 Jun 2021 Economic Times | Financialexpress | Freepressjournal | Moneycontrol | NDTV | Aaj ki taaza news | Jhalak | Sify | Ezanime | Daijiworld | Morungexpress | Marseillenews | Digiworldblog | Sarkardaily | Business-Journal | India Narrative | Socialnews XYZ | SME Times | Headlinesone | IND Forums | MENAFN | Prokerala | Newkerala | Fresherslive | CanIndia | IANS live | Investment Guru India In addition, Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, there is a need to pursue a similar monetary and fiscal policy framework over the next two-three quarters till the impact of the second Covid wave tapers-off. "We expect the policy stance to remain unequivocally accommodative throughout the current financial year. While there is virtually no scope for a further cut in interest rates given the increased commodity prices... the status quo on rates is likely to continue for a longer time possibly till the end of FY22," Chowdhury said. |
| Acuité Ratings & Research shares preview on the monetary policy to be announced tomorrow 03 Jun 2021 The Indian Express | CNBCTV18 | Report Wire | Global Circulate Suman Chowdhury, chief analytical officer, Acuité Ratings, said the current focus of the MPC is to support the fragile economy and the financial system from the damage inflicted by the second wave of Covid and to bring it back again on a healthy recovery path over the next few quarters. "We expect the policy stance to remain unequivocally accommodative throughout the current financial year. While there is virtually no scope for a further cut in interest rates given the increased commodity prices and the rising WPI, the status quo on rates is likely to continue for a longer time possibly till the end of FY22. Despite the risks of a build-up of inflationary pressures in the near term, the RBI is likely to give higher priority to the concerns around growth recovery,” he said. |
| Acuité comments on the Auto Sector amid second covid wave, covered by IANS and subsequent publications 02 Jun 2021 IANSLive | Sify | Social News XYZ | Fresherslive | MENAFN | Webindia123 | WeForNews | Fastnewsxpress | Sambhav Khabar | Andhram | IND Forums | NetIndian Acuite Ratings & Research's Chief Analytical Officer Suman Chowdhury said: "The sequential trajectory in auto sector sales is on a substantial decline in the face of the second Covid wave. Since a large number of states in India had imposed fairly strict lockdowns to contain the threatening rise in infections and mortalities, auto dealerships were either closed or partially operated during the month." |
| Acuité comments on the Q4 GDP covered by leading publications like Financial Express, Money Control, IANS and subsequent national publications 01 Jun 2021 Financialexpress | Moneycontrol | MSN India | World News Era | INDIA New England News | Social News XYZ | MENAFN | Fresherslive | CanIndia News | NetIndian | Bhaskarlive | Doon Horizon | Fastnewsxpress | Daily 2 Daily News | Aaj Ki Taaza News | NewsLogic | OTV News | IANSLive | Webindia123 | ePrimeFeed | CryptoPress | Sambhav Khabar | Journalbeat Suman Chowdhury, Chief Analytical Officer at Acuité Ratings & Research: "However, what catches our attention is the quarterly GVA printing for the fourth quarter of fiscal year 21. The manufacturing sector registered a year-on-year growth of 6.9% in the fourth quarter which, despite the impact of the base factor , highlights the rebound in industrial activity. In addition, the construction sector has registered a growth of 14.5% year-over-year which, in our opinion, indicates the effect of government capital spending. What is pleasantly surprising is that financial, real estate and other services also posted healthy growth of 5.4% in the fourth quarter of fiscal 21. " |
| Acuité comments on the impact of Covid 2.0 on the rural demand and the overall economic growth, covered by IANS and subsequent national publications 30 May 2021 DTNext | Sify | SMEStreet | Orissa Post | Daijiworld | Social News XYZ | The Weekend Leader | Doon Horizon | IND Forums | India Narrative | Nagaland Post | The Morung Express | CanIndia News | Indus Prism | New Kerala | Gulf Today | WebIndia123 | Fresherslive | Sambhav Khabar | Jhalak | Fastnewsxpress | SME Times According to Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research: "There is a forecast of a timely and adequate monsoon in the current year which we expect will help to maintain healthy agricultural growth in FY22. While the spread of Covid 2.0 in rural areas may impact the agricultural sector, the extent will depend on the duration of the pandemic wave." |
| Acuité Ratings and research shares views on the rise in WPI in April 2021, covered by IndiaToday, the most widely circulated magazine in India (Print edition inline) 04 Jun 2021 Economictimes | Marketshockers | Business Journal | The Greater India | Pehalnews | Universal Personality | NewIndialife | Newonnews | Urallnews | Newswale | Aajka Samachar "We will closely monitor the loan delinquency levels for our rated clients in the sector and assess the impact on credit quality given the uncertainty in the operating environment,” stated Suman Chowdhury, chief analytical officer at Acuite Ratings.
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| Acuité shares their views on the companies rated as "issuer non-cooperating" in an exclusive interaction covered by The Hindu Business Line in a front page story today (Print Edition inline) 19 May 2021
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| Acuité Ratings and Research share their views on April exports data that was covered by IANS and subsequent publications 16 May 2021 Ommcom News | Social News XYZ | MENAFN | Fresherslive | Indus Prism | Punjab Newsline | WebIndia123 | Vishvatimes | India Tribune | Free Press Journal | The NewsMen Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said: "Overall, the merchandise trade deficit at $15.1 billion shows a steady normalisation in external trade since December 2020. The performance of the external sector has been relatively better in April 2021 compared to the domestic demand given the slowdown in the nascent growth momentum aggravated by the highly intense Covid 2.0 wave. "However, the sustainability of such a healthy trade trajectory will need to be seen with the stricter imposition of lockdown by several states in May 2021.” |
| Acuité shared an insightful and detailed report on the impact of RBI relief measures on the microfinance institutions amidst Covid 2.0. This was covered by Business standard and other national publications 14 May 2021 Business Standard | NewsPolo | International Business Times Acuite Ratings and Research has said while the industry was
in a gradual recovery phase from Q3FY21 — through an improvement in
delinquencies and disbursements — the second wave has started to disrupt that
nascent recovery. |
| Acuité shares their views on the CPI April 2021 and IIP March 2021 data that was covered by Financial express, Outlook India and other national publications 14 May 2021 The Financial Express | Outlook India | NDTV | Devdiscourse | Yahoo! News | rediff.com | NewsDeal | Pehal News | Bollyinside | Newsup18 | Latestly | Sify | India News | Moneylife | Millennium Post | Hindu Post | Socialnews.XYZ | Bhaskarlive | Fresherslive | The Rahnuma | Webindia123 | Andhram Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said: "Expectedly, the CPI print for April 2021 has benefited from the base effect given the national lockdown in the same period of the previous year and the elevated prices therein driven by supply constraints.” |
| Mr. S S Mundra, Non-executive Chairman of Acuité and Former Deputy Governor of RBI writes in today’s Mint on how ESG investment is becoming mainstream for investors and businesses. Do read this interesting opinion piece.
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| Acuité shares their report on impact of RBI relief measures on the MFIs amidst covid 2.0 covered by Mint (Print Edition in line), NDTV, CNBC TV18 and other National publications 12 May 2021 Livemint | NDTV | CNBCTV18 | The Bharat Express News | Koordinate | Sociallykeeda | sidnaz | Punditji | Newsup18 | Scoop Blogs | Newsboys24 | Newswould | The Wall | News21 - Duniadari | Tribe Amrapali | Lok Jagruti | ShaamTak | ReformerTech | Golancer | currentnewstv | The US Express News | The NDTV | Unblendednews | Englishbulletin | UK Time News | Hindustan Pin | Newskube | TheWall | MySmartBazaar | DK News | All Places Map | Breaking News Today | Publicgreatsnews | MA MEDIA 24 According to Acuite Rating and Research, the central bank's recent announcements on the special long-term repo operation or SLTRO of ₹ 10,000 crore for the small finance banks will ensure higher direct disbursements to microfinance borrowers and better funding access for smaller MFI with asset size less than ₹ 500 crore.
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| Acuité shares their report on impact of RBI relief measures on the micro finance institutions amidst Covid 2.0 covered by LiveMint, The Hindu (Print edition in line) and other national publications 11 May 2021 Livemint | The Hindu | Free Press Journal | IANS Live | Sify | International Business Times | Daijiworld | Social News XYZ | CanIndia News | Doon Horizon | India Forums | Jhalak | Andhram | InvestmentGuruIndia | Bhaskar Live | SME times | Fresherslive | India Narrative | New Kerala | Vishvatimes | Webindia123 | TheWorldNews | NewsInfo series | Worldnewzinfo | Digiworldblog | Trending Indian News | Crime Today News | Divya Bharti | Minded guruji | Digital Khabar The Reserve Bank of India’s (RBI) move to classify loans by
small finance banks (SFBs) to certain microfinance lenders as priority sector
is expected to boost lending by about ₹2,000-3,000 crore, said Acuite Ratings
and Research. |
| Acuité shares their view on RBI's support measure to the healthcare sector covered by PTI and subsequently other national publications 06 May 2021 The
Financial Express | The
Week | Outlook
India | Businessworld | Yahoo
Finance | Devdiscourse Acuité Ratings & Research Chief Analytical Officer Suman Chowdhury said the RBI's measures will support the availability of credit to the healthcare sector, which needs to ramp up significantly to addresstheCOVID2.0 challenges. Secondly, the restructuring option has been extended till September 2021 for retail and MSME borrowers with loans up to Rs 25 crore. |
| Acuité shares their views on the RBI Covid Relief Package May 2021 covered by Forbes, and financial express 05 May 2021 Forbes
India | The
Financial Express Suman Chowdhury, chief analytical officer, Acuité Ratings & Research, tells Forbes India this was a form of "optional moratorium” where banks were allowed to decide on whether fresh restructuring would be required or not. |
| Sankar Chakraborti, Group CEO, Acuité Ratings & Research shares his views on the revival of the MSME sector and the role of the credit rating agencies, in an exclusive show, India On the Move by CNBC TV18, which was also captured by Moneycontrol.com and Flipboard.com. Scroll down till the end of the story link to watch the video of the interview that appeared on CNBC TV18 30 Apr 2021 The revival of the MSME sector, which contributes significantly to the country’s GDP and employs close to 100 million people is a priority amid the turbulence unleashed by the pandemic. The ecosystem entrusted with this sector’s growth is actioning necessary steps to bring it back on track. Mridu Bhandari from CNBC-TV18 gets into a candid conversation with Manish Jain, Managing Director & Co-Head, Corporate Commercial & Institutional Banking, India, Standard Chartered Bank, Ajay Thakur, Head of BSE SME & Start-ups and Sankar Chakraborti, CEO, Acuite SMERA Group. |
| Acuité Ratings & Research shares their views on the monsoon outlook 2021 that was captured by Mint, The Hindu Business Line, The Economic Times, IANS and other national publications 19 Apr 2021 The Hindu BusinessLine | ET Auto | Mint | Daijiworld | Sify | Social News XYZ | Doon Horizon | IndiaNarrative | Bhaskar Live | MSN India | Peoples Post India | 1947.com | Fresherslive | IND News | Andhram | Jhalak | New Kerala | Andhravilas | OrissaPost | fooshya Both IMD and Skymet predicting a normal southwest monsoon in 2021 augur well for the Indian economy which continues to be impacted by the Covid-19 pandemic and increased inflationary pressures, said Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research. |
| Acuité Ratings and Research shares their analysis of the March 2021 trade data showcasing a sharp reduction in trade deficit captured by IANS and other national publications in headline 17 Apr 2021 NDTV | ZEE5 | Yahoo! News | ANI News | Lokmat | Current news tv | New Kerala | The Bharat Express News | LiveNews360 | Shaamtak | Lok Jagruti | Kordinate | Naveenbharat | Aaj Tak Shweta | Indian Lekhak | UK Time News | Pehal News | Breaking News 4 U | Bombay News | Unblendednews | Big News Network | webindia123 | LocalTak | Breaking News Today | Newswould | Dailynewsin | News Prime India | Timeslinks | Today24x7 | NewsPolo | Hindustanpin | Bharat News | EnterNews | NewsTime 365 | The Business Chapter | Scopesky | Bijness | The US Express News | AB World News | Popularnews | News Ki Factory | News21 - Duniadari Acuite Ratings and Research has said the trade data release for March confirms what was already visible earlier -- a sharp reduction in merchandise trade deficit. India had a trade deficit of only 98.6 billion dollars in FY21, the lowest in the last five years and almost 50 per cent lower compared to the levels seen in FY19. Clearly, said Acuite, the economic disruption alongwith sharply lower crude oil prices and also a buoyancy in commodity exports have contributed to such a curtailment in deficit in FY21. |
| Acuité shares their view on the WPI inflation jump captured by Moneycontrol, Hindu business line and other publications 16 Apr 2021 Moneycontrol | The Hindu BusinessLine | Trendypedia According to Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research, "The WPI trajectory over the last 3 months further reinforces the concerns on the underlying inflationary pressures which can get further aggravated by a re-emergence of supply constraints in the wake of the second Covid wave.” "While the sharp rise in the fuel and power component to 10.25 per cent in the previous month is understandable in the light of the rise in global crude and domestic retail fuel prices, the rise in prices of manufactured products by 7.34 per cent reflects a steady transmission of input costs. One case in point is the 14.51 per cent rise in wholesale prices of mild steel prices on a YoY basis. Clearly, this does not augur well for retail inflation in the near term; however, the favourable base factor in the previous year may help to moderate the average CPI print for FY22,” added Chowdhury. |
| Acuité launches India's first ESG rating company captured by economic times and other national publications 14 Apr 2021 The Economic Times | New India Life | Knowledia | My Droll | Golancer | New On News | InterReviewed | 15 Minute News | Universalpersonality | Samachar Central | News Tesla | Shroommarkets | Verve Times | Startup Maina | Thepinkstocks | Pinkstockmarket | Microstockcap "Collectively, all three Environmental, Social and Governance practices are gaining the centre stage for India to observe a holistic growth,” said Sankar Chakraborti, Chairman, ESG Risk Assessments & Insights and CEO – Acuité Group."Sensing this development, we launched ESG Risk Assessments & Insights which is relevant from investors, lenders and issuers alike."  |
| Acuité's views on the jump in the retail inflation covered by PTI and other national publication 13 Apr 2021 Firstpost | Outlook
India | The
Week | Rediff.com | Devdiscourse | The
New Indian Express | Yahoo
! Style | Latestly | Opoyi |
| Acuité's view on the impact of rising price of essentials on the home budgets captured by The Week Magazine (11th April 2021, Print Edition) 11 Apr 2021 Suman Chowdhury, chief analytical officer at Acuite Ratings, said that in anticipation of a recovery in global demand and supply cuts by the Organisation of Petroleum Exporting Countries, India’s crude oil basket firmed up by 8 per cent in March alone. This is in addition to the near 40 per cent increase between November 2020 to February 2021. "This is reflecting in the very sharp rise in retail fuel prices. The price increase [of essentials] we are seeing is because of the pass-through of the higher transportation cost,” said Chowdhury. Owing to the rise in diesel prices and a pick-up in demand, truck rentals have risen 10 to 12 per cent in the past few weeks.
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| Acuité shares their views on IPL 2021 giving support to the in-house consumable, advertisement as well as e-commerce segment this season covered by IANS and other national publications 10 Apr 2021 Brand Equity | Daijiworld | Sify | Bhaskar Live | Ommcom News | SME Times | Doon Horizon | Indus Prism | Social News XYZ | IND News | New Kerala | Times of Republic | Telugu Stop | Jhalak According to Suman Chowdhury, Chief Analytical Officer at Acuité Ratings and Research: "While the resurgence of Covid cases has increased the risks of disruption to IPL 2021, online viewership is likely to remain high and may continue to benefit the online food delivery platforms which have been permitted to make deliveries despite containment measures taken in some states." |
| Acuité shares their views on the impact on the economic recovery due to new wave of pandemic covered by IANS and other national publications 9 Apr 2021 The
Weekend Leader | Sify | Bhaskar
Live | Daijiworld | MENAFN | Greater
Kashmir | Doon
Horizon | Punjab
News Express | Social
News XYZ | Indus
Prism | IND
News | Times
of Republic | The
Sentinel | Telugu
Stop | Andhram | Fresherslive | New Kerala | India
Tribune | SME
Times | webindia123 "All contact intensive sectors, namely retail, entertainment, transport and hospitality, will be severely impacted by the fresh imposition of containment measures," said Suman Chowdhury, Chief Analytical Officer at Acuite Ratings and Research. |
| Acuité Ratings & Research shares their views on the MPC announcement which was captured by Reuters and The Week 8 Apr 2021 Reuters | The
Week | Yahoo!
News SUMAN CHOWDHURY, CHIEF ANALYTICAL OFFICER, ACUITÉ RATINGS & RESEARCH, MUMBAI "The central bank has taken note of the underlying inflationary pressures emanating from increased global commodity prices and higher logistics costs but at the same time projected relatively benign inflationary numbers for the next few quarters. This reinforces our opinion that preservation of the incipient growth trajectory is the primary focus of monetary policy over the next few quarters.” |
| Acuité Ratings & Research shares their views on the expectation from monetary policy announcement which was captured by IANS and other national publications 07 Apr 2021 Financial Express | Moneycontrol | Moneylife | Daily Pioneer | Aaj Ki Taaza News | TheSpuzz | Swarajya | Daijiworld | SME Times | MENAFN | Doon Horizon | IND News | Socialnews XYZ | New Kerala | TeluguStop | webindia123 | The News Runway | NewsDeal | andhram | NewsRediff The MPC in its upcoming meeting will continue to reaffirm the accommodative monetary policy despite the global increase in bond yields amidst concerns of a quicker than expected normalisation in the markets of developed economies, said Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research. The continued progress on vaccine administration, higher headline inflation and prospects of further rise in the context of improving growth, have pushed up bond yields in most of the markets including India. "On the domestic front, the upward pressure on gsec yields is also driven by a sharp increase in sovereign borrowings and risks of higher inflation arising from the elevated retail fuel prices,” Suman Chowdhury added. Chowdhury also said that MPC is expected to support the ongoing but nascent economic recovery by extending the pause on interest rates for a longer period. |
| Acuité’s view on RBI policy rates amid surge in covid cases covered by PTI and other subsequent national publications 04 Apr 2021 The
Economic Times | ET
Auto | The
Indian Express | Mint | Financial
Express | Business
Standard | Moneycontrol | Business
Today | BW
Businessworld | Outlook
India | Free
Press Journal | Times
Now | Yahoo!
Finance | Money9 | Devdiscourse | Bollyinside | Top
Daily News | TheNewsmantra | Expert
News | JustAnews | Golancer | Pinkstockmarket | Microstockcap | Shroommarkets | Vertex news | Telugu
Kathalu | Report
Wire | News
wwc | Kashmir
Reader | Justdial | Filter
News | The
Hindu BusinessLine |
| Acuité’s views on the commodity concern captured by IANS and other national publications 03 Apr 2021 ET Auto | Daijiworld | Sify | Moneylife India | The Siasat Daily | Telangana Today | ETV Bharat | The Hawk | Social News XYZ | InvestmentGuruIndia | MENAFN | Doon Horizon | Andhram | IND News | Fresherslive | WebIndia123 | TeluguStop "There is an upside risk to both fuel and core inflation as global commodity prices have risen sharply and producers could pass on higher raw material prices amidst an anticipated V-shaped recovery along with progress in vaccination in the backdrop," said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research,  |
| Acuité views on the NBFC sector widely covered in Outlook Money exclusive story 01 Apr 2021 "While the recoveries may pick up at the year-end in March, we expect the 90 dpd for the CV and SME loans to exceed 6% as on March 2021,” says Suman Chowdhury, Chief Analytical Officer at Acuite Ratings and Research. |
| Acuité views on core sector output featured in prominent mainline publication 01 Apr 2021 Business Line | Newsup18 | NDTV "The core sector data released for Feb 2021 reinforces the concerns on the pace of the industrial recovery and the likelihood of meaningful positive GDP growth in Q4FY21. With the overall core sector index witnessing a YoY decline of 4.6 per cent, the risks of a material contraction in IIP for the month, on the back of a 1.6 per centdecline already seen in Jan 2021, has visibly increased. The contraction in the core sector is broad-based with all eight sectors recording a decline from the Feb 2020 levels,” saidSuman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research. |
| Acuité's outlook on Inflation referred from Macro Pulse Report covered by The Economic Times (print edition in line) 31 Mar 2021 |
| Acuité's outlook on Inflation by DSIJ (print edition in line) 30 Mar 2021 |
| Chief Analytical Officer’s interview on the outlook of Indian Economy covered by Dalal Street Investment Journal, Online 30 Mar 2021 Dalal Street Investment Journal Speaking with DSIJ, Suman Chowdhury, Chief Analytical Officer at Acuité Ratings & Research indicates that the near to medium-term domestic growth prospects have strengthened significantly amidst the progress on COVID vaccination, improved mobility, robust rural demand, supportive fiscal and monetary policy environment and a V-shaped global recovery. |
| Acuité’s report on India’s trade deficit retreats to pre-COVID levels 23 Mar 2021 Gulf Today | News Today | The Sentinel Assam Positive annualised growth in exports and imports for three straight months has taken India’s trade deficit figures to pre-Covid levels, Acuite Ratings & Research said. |
| Acuité’s report on trade balance covered by IANS and subsequently by other national publications 22 Mar 2021 Daily Pioneer | Lokmat | sify.com | SME Times | DTNext | Daijiworld | INDIA New England News | CanIndia | Social News XYZ | Bhaskar Live | New Kerala | IND News | MENAFN | InvestmentGuruIndia | Vishva Times | Andhravilas | Webindia123 | Fresherslive Positive annualised growth in exports and imports for three straight months has taken India’s trade deficit figures to pre-Covid levels, Acuite Ratings & Research said. |
| Acuité's view on the latest WPI data captured by IANS and other national publications 16 Mar 2021 Moneylife News & Views | SME Times | Times of Republic | sify.com | Daijiworld | MENAFN | Ommcom News | The Weekend Leader | socialnews.xyz | CanIndia | IND News | Andhram | India Updates | Fresherslive | Webindia123 | Vishva Times According to Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research: "While the consolidated fuel and light inflation is still subdued on an annualised basis and stands at under 1 per cent, the adverse base effect and the current run-up in global crude oil prices are likely to push it into double digit territory by April 2021." |
| Acuite’s view on the recent IIP and CPI data captured by Moneycontrol and other publications 16 Mar 2021 Moneycontrol | MSN | Flipboard The sharp reversal in the CPI inflation reflects the potential inflationary pressures in the economy. Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research, is of the view that the CPI print reinforces concerns of a further increase in core inflation amid the ongoing economic revival. "RBI is expected to keep a close eye on the inflation trajectory despite its strong focus on economic revival and suitably calibrate its monetary policy," Chowdhury said. "The IIP data for Jan 2021 indicates that the ongoing industrial revival is still tenuous. What is interesting is the continuing growth in power output both on a year-on-year (YoY) and month-on-month (MoM) basis at this stage. Some of the expectations on meaningful positive GDP growth in Q4FY21 may get weakened if the industrial activity does not pick up further in February and March 2021," Chowdhury added. |
| Acuité's report on Telcos' debt post spectrum purchase captured by IANS and other national publications 12 Mar 2021 IANS live | Daijiworld | socialnews.xyz | jhalak | Times of Republic | andhram | sify.com | MENAFN | Telugu Stop.com | IND News | Samaj Weekly | webindia123 | fresherslive The debt levels in the Telecom industry is expected to rise further even though the total spectrum purchase is only around 20 per cent of the spectrum value that was put up, according to a report by Acuite Research & Ratings. |
| Acuité's views on US yields captured by Times of India (print edition in line) and MSN news 01 Mar 2021 According to Acuite
Ratings & Research chief analytical officer Suman Chowdhury, the 10-year
treasury yields in the US have almost doubled over the last six months to 1.47%
now, a move that has prompted global markets to expect tighter monetary
policies earlier than was indicated by the US Federal Reserve chairman. If
growth rebounds faster and inflation also picks up along with it, the US Fed
may be forced to end its easy monetary policy soon. |
| Acuité’s Report on Sovereign Yield covered by Press Trust of India, and subsequently by other national publications like Economic Times, Business Standard and others 26 Feb 2021 The
Economic Times | Business
Standard | Outlook India | yahoo!finance | news18
Business | Daijiworld | sify.com | Pehal
News |
| Acuité's Report on India’s GDP Expectation covered by NDTV and subsequently by other publications 26 Feb 2021 NDTV Profit | Network20 News | Pehal News | Indian Lekhak | The Samachar | Bharat News According to the score company, Acuité Ratings and Research, the gross home product (GDP) within the subsequent fiscal yr, starting April 2021, is anticipated to present a report growth of 11 per cent. |
| Acuité's Report on CPI covered by NDTV online 26 Feb 2021 Retail inflation may average close to five per cent in the next fiscal year, a significant moderation versus likely the current fiscal year's average of close to six per cent, according to a recent research report by rating agency, Acuité Ratings and Research. |
| Acuité's views on Tractors’ sales traction captured by IANS and subsequently by other national publications 16 Feb 2021 Auto Economictimes | sify.com | daijiworld.com | The Weekend Leader | Newsd | MENAFN | SME Times | Social News XYZ | TeluguStop | New Kerala | The Rahnuma Daily | IND News | Infrabuddy | Andhram | webindia123 | Infosearch | News7trends | Justdial | Mytimesnow "It will be a challenge to sustain such a strong growth trajectory over FY22," said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité's views on retail inflation captured by IANS and subsequently by other national publications 15 Feb 2021 Free Press Journal | Hindu Post | MENAFN | India Narrative | sarkaritel.com | Bhaskar Live | CanIndia | Vishva Times | Social News XYZ | British Asia News | Window to News | TFIPOST | IND NEWS | Andhram | webindia123 | Akila news | New Kerala | Telugu Stop | SME Times Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said: "This declining trajectory has been driven by a sharp drop in vegetable prices which had held high for an extended period due to supply chain and adverse weather challenges in the earlier part of the year." |
| Acuité's views on likelihood of RBI rate cut, captured by IANS and subsequently by other national publications 05 Feb 2021 BHASKARLIVE | Lokmat English | The Siasat Daily | The Weekend Leader | daijiworld | NewsKarnataka.com | MENAFN | IND news | TeluguStop | andhram | tfipost.com | Andhravilas | OMMCOM NEWS "The likelihood of any rate cut is minimal in the near term given the sharply higher fiscal deficit regimen and the risk of continuing inflationary pressures though CPI has cooled down of late," said Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research. |
| Acuité’s views on Union Budget announcement regarding bond markets, covered by The Hindu, Press Trust of India and other leading publications 02 Feb 2021 THE HINDU | Outlookindia | yahoo finance | Devdiscourse | wealthtyre.com | Divya Bharat | digiworldblog | The NDTV | india360news | Top Indi News "While further details on the modus operandi for such a framework is awaited, it will clearly help to deepen the corporate bond market which continues to face liquidity challenges,” Suman Chowdhury, chief analytical officer, Acuité Ratings & Research said. |
| Acuité’s expectations on Budget 2021 covered by Press Trust of India, India’s largest newswire, and subsequently by other leading national publications 01 Feb 2021 The Economic Times | mint | The Times of India | DeccanHerald | The New Indian Express | The Free Press Journal | Outlook India | ETAuto.com | oneindia | yahoo | INDIATV | the pioneer | newsdeal | PEHAL NEWS | Kashmir Images | KERALA KAUMUDI | THE FEDERAL | The Tribune | THE DAWNLIT POST | ASIA Insurance Post | newsDeal | The Hills Times | DAYAVANI | The New Indian Express | Devdiscourse | rediff.com | The Greater India | AAJ KI TAAZA NEWS | dailyhunt | License to Blog | TODAY NEWS | THE TOYSMATRIX | Samachar Central | Today’s News | 24x7news | hashtagbulletin | VAS News | Top News Wood | UrallnewS | TechiAzi | REPORTWIRE | fast nation | Fin2me | THE WORLD NEWS | indiatalks | TechnoCodex | justdial | BOLLYINSIDE Acuite Ratings & Research Limited said there are two primary objectives before the government at this stage - reignite the growth engine in the economy while committing itself to a medium-term fiscal consolidation path. "The growth impetus should incentivise demand in the near term and ensure its sustainability over the medium to long term." "Four elements must be activated to build economic vibrancy over the long term - give infrastructure a significant push through public and private investments, facilitate large-scale private and foreign investments across industrial, services and agricultural sector; incentivise private consumption in the near term without significant compromises on tax revenues; and step up allocation in health and education sectors." |
| Acuité’s views on impact and expectations of the airline industry, covered by IANS, and subsequently by other prominent publications like Business Standard & Deccan Express 21 Jan 2021 Deccan EXPRESS.Co | The Siasat Daily | dailyhunt | daijiworld.com | MORUNGEXPRESS | policenama | NPNews24 | daijiworld.com | SOCIALNEWS.XYZ | BHASKARLIVE.in | newsd | news.jobsvacancy.in | MENAFN | Britishasianews | WeForNews | IND News | andhram.com | TODAY VACANCY | TFIPOST "Lack of adequate demand in the post festive season along with higher available capacity has therefore, led a drop in passenger load factor for some of the airlines in December 2020 on a sequential basis vis-a-vis Nov 2020,” said Suman Chowdhury, Chief Analytical Officer at Acuite Ratings & Research. |
| Acuité’s views on the impact of the pandemic on the books of Indian banks, covered by The National, a prominent international publication with a wide reach in the US and countries of the Middle East 18 Jan 2021 "It will be a challenge for public sector banks to raise capital from the equity markets in the near term, given their past growth and NPA challenges," says Suman Chowdhury, chief analytical officer at Acuité Ratings & Research. |
| Acuité’s views on December 2020 CPI Data captured by Reuters, Press Trust of India and subsequently by other leading national publications 13 Jan 2021 REUTERS | moneycontrol | outlookindia | rediff.com | THE WIRE | BUSINESSINSIDER | REPUBLICWORLD.COM | FINANCIAL POST | Market Screener | ZAWYA | MONEY TRAINING CLUB | Devdiscourse Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said the drop in food inflation has indeed surprised on the downside albeit the sustainability of such low food inflation would need to be seen. |
| Acuité’s views on November IIP Data captured by national publications 13 Jan 2021 The Greater India | The NDTV | LIVENEWS360 | PEHAL NEWS | Daily News | ShaamTak | PIYUSH NEWS | Khozi Patrakar | NETWORK 20NEWS | TRENDINGATOZ "The IIP print for Nov 2020 has been disappointing with a YoY contraction of 1.9 per cent as against a growth of 3.6 per cent witnessed in Oct 2020. The data reflects the uneven trajectory of the ongoing industrial recovery, the continuing uncertainty on a broad based demand revival beyond the pent up levels and also the slowdown in the export momentum over the last 1-2 months.” Said Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research. |
| Acuité Group's launch of ESG Risk Assessments & Insights, India's first ESG Ratings company, covered by Economic Times, Business Standard, Press Trust of India and other national publications 12 Jan 2021 Economic Times | Business Standard | SmartInvestor.in | Yahoo! finance | Outlookindia | United News of India | Goa Chronicle | Indiarightnownews | Business-Journal | 15 Minute News | PEHAL NEWS | wealthtyre.com | MAGZTER | Devdiscourse | REPUBLISH | DAILYEXCELSIOR.COM | MICROSTOCKCAP | PINKSTOCKMARKET | Warta Saya | News Chant | the blogger | WEBLOGLINK | NEWS alambana | Tamil Nadu Chronicle | FINANCE EXPERT | Jiffy360 Acuité Group has launched ESG Risk Assessments & Insights in order to assess a company’s ESG performance and assign a rating. ESG Risk AI will provide ESG ratings of the top 1000 Indian listed companies, by evaluating their performance on Environment, Social, and Governance parameters as well as their reporting transparency. Its assessment approach includes identification of relevant risks, estimation of materiality and polarity of the risks, and evaluation of risk management framework. |
| Acuité’s views on India’s GDP covered in an IANS special story, and subsequently by other national publications 28 Dec 2020 Economic Times | India TV | a2ztaxcorp LLP | SOUTH ASIA MONITOR | daijiworld | The Siasat Daily | sambadenglish | ET Auto.com | ET CIO.com | RED HEART | INDIA TRIBUNE | INDIA TRIBUNE | INDIA POST | NEWSHEADLINES | newsd | npnews24 | deccanexpress | DAILY MAIL INDIA | telugustop | indiatribune | theeasternlink | MENAFN | ENEWS TIME | news Deal | bhaskarlive | Pune.Media | YESPUNJAB.COM | IND News | watsupptoday | telugustop | suspensecrime | insightonlinenews | TIMES OF NEWS | TechiAzi | technocodex "We believe that the accumulated savings of particularly the Indian salaried class over the last 7-8 months due to limited expenses on travel and entertainment will get partly diverted to the purchase of vehicles and consumer durables,” Acuite Ratings & Research Chief Analytical Officer Suman Chowdhury said. |
| Acuité contributed views on an IANS special story about growth of investors in country’s stock markets as a result of the Covid pandemic. The report was subsequently carried by other national publications 17 Dec 2020 india.com | dailyhunt | The weekend Leader | SME TIMES | newsd | MENAFN | SOCIALNEWS.XYZ | BIZZ BUZZ | NP NEWS24 | newKerala.com | QNewsHub | jhalak.com | andhram.com | INDIA NARRATIVE | sify.com | daijiworld.com Accordingly, the regular buying of the retail investors both the existing and the new, have contributed significantly to the market buoyancy, said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité’s views on November CPI captured by Gulf Today (print edition), a prominent, English language newspaper based in UAE 17 Dec 2020 17 Dec 2020 Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said: "The decline in the CPI inflation print in Nov 2020 to 6.93 per cent from 7.61 per cent in Oct 2020 has definitely come as a relief to the bond markets.” "The food inflation has expectedly dropped to 8.76 per cent on a YOY basis from 10.2 per cent in Oct with a cooling down in the prices of both vegetables and animal protein items.” |
| Acuité’s views on November trade balance data captured by IANS, one of India’s largest news wires, and subsequently by other national publications 16 Dec 2020 16 Dec 2020 bhaskarlive | SOCIALNEWS.XYZ | NP NEWS24 | Newsd Media Pvt Ltd | The Siasat Daily | MENAFN | INDIA NARRATIVE | dailyhunt | investmentGURUindia.com | jhalak.com | windowtonews | Andhram.com | IND News | TeluguStop.com According to Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research: "We note that there has been a significant pickup in the imports of electronic goods and components in November, mostly reflecting the increased demand for digital devices and mobile phones. Further, the imports of capital goods, chemicals, coal and edible oil have also witnessed a healthy recovery as compared to the previous months. |
| Acuité’s views on November CPI data, captured by prominent national publications 15 Dec 2020 latestnews | newKerala.com | The Rahnuma Daily | SME TIMES | sify.com | The Siasat Daily | newsd | daijiworld.com | SOCIALNEWS.XYZ | Sarkaritel.com | INDIA NARRATIVE | NP NEWS24 | CANINDIA.com | fresherslive | Andhram.com | MENAFN | IND News | telugustop.com Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said: "The decline in the CPI inflation print in Nov 2020 to 6.93 per cent from 7.61 per cent in Oct 2020 has definitely come as a relief to the bond markets.” |
| Acuité’s views on impact of COVID vaccine transport on the aviation industry, captured by IANS and subsequently by other major national publications, including in The Daily Pioneer (print edition in line) 14 Dec 2020 BUSINESS INSIDER | NEWS18 | BangaloreMirror | yahoo!news | newsDeal | News Daily | INDIAupdates | jhalak.com | Noticias Ultimas | LATESTLY | NATIONAL HERALD | The Pioneer | india.com | sify.com | daijiworld.com | teluguIN.com | OMMCOM NEWS | INDIA NARRATIVE | Aviation Mirror | CANINDIA.com | MENAFN | SOCIALNEWS.XYZ | Newsd Media Pvt Ltd | ENEWS TIME | newsDeal | National Business Mirror | KAUMIMARG.com | Telugustop.com | Vishva Times | Andhram.com | IND News | FOREVER NEWS | InvestmentGURUindia.com | newKerala.com | NATIONALPOLITICALMIRROR | Warta Saya | INDIAupdates | YES PUNJAB.com Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research contended that: "It is unlikely that such an activity will have strong profit margins at least in the initial stage since it is expected to be viewed more as a corporate social responsibility (CSR) particularly by the government.” |
| Acuité’s views on aviation industry captured by News18 – a prominent digital news publication and The Hans India, print edition (copy in line) 9 Dec 2020 Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said: "The airlines companies expect approval for full capacity operations within the next 2-3 months and therefore, they have already been making preparations for the necessary ramp up." |
| Acuité’s view on aviation captured by an IANS exclusive story on the industry’s attempt to augment capacity, hiring and scale up operations. 7 Dec 2020 TFIPOST.com | MONEYLIFE | NATIONAL HERALD | INDIAupdates | daijiworld.com | The Siasat Daily | The MORUNGEXPRESS | dailyhunt | OMMCOM NEWS | SOCIALNEWS.XYZ | CANINDIA.com | INDIA NARRATIVE | Newsd Media Pvt Ltd | fresherslive | WeForNews | NagalandPost | MENAFN | TFIPOST.com | britishasianews | INDNews | Andhram.com | Telugustop.com | newKerala.com | Andhravilas Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said: "The airlines companies expect approval for full capacity operations within the next 2-3 months and therefore, they have already been making preparations for the necessary ramp up." |
| Suman Chowdhury, President - Ratings, Acuité Ratings & Research shares his views on Trade Deficit, captured by national media publications 7 Dec 2020 DT NEXT | SOCIALNEWS.XYZ | NEWS BREAK | News.Jobsvacancy.In "The primary factor in the export performance continues to be the sharp decline in petro product shipments, but non-petro exports have also declined by 3 per cent presumably due to the impact of a resurgence of the Covid-19 pandemic in Europe," said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Acuité’s view on latest RBI MPC, captured by national media publications 7 Dec 2020 Suman Chowdhury, chief analytical officer, Acuité Ratings & Research"MPC’s decision to keep the interest rates on a pause mode is consistent with the market expectations given the aggressive trajectory of inflation which has continued to rise over the last few months and stood at 7.6% in Oct 2020. While the central bank has indicated its commitment to support growth and will continue to maintain an accommodative stance, we believe that the rate cut cycle is over for all practical purposes. Given RBI’s projection of CPI at 6.8% in Q3FY21 and 5.8% in Q4FY21, the expectation of any further rate cut is minimal over the next 2-3 quarters and further, in our opinion, the risks of a reversal in rates have started to increase in a scenario of a stronger growth pickup than the current expectations. RBI’s outlook on growth has also clearly been revised given the latest encouraging high frequency data points and there is an expectation of a marginal growth in real GDP in both Q3 and Q4, with the whole year GDP projection revised downwards to (-7.5%). While RBI has managed the bond yields well in the face of challenges on the inflationary, fiscal and the currency front so far, the task is going to be increasingly challenging over the next few months in our opinion. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his views on Festive push, pent-up demand boost Nov auto sales 2 Dec 2020 Zeebiz | newKerala.com | webindia123 | The Rahnuma Daily | MENAFN | sify.com | newsd | The Siasat Daily | daijiworld.com | SOCIALNEWS.XYZ | fresherslive | INDIA NARRATIVE | BHASKAR.LIVE | CANINDIA | IND News | Andhram.com | Forevernews | Telugustop.com Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said: "The early data of automobile sales for Nov 2020 suggests that a higher sustainable demand in the sector post festive season remains uncertain. |
| Acuité’s views on upcoming Monetary Policy Committee expectations covered by IANS, one of the largest national news wires, and subsequently by other publications. 2 Dec 2020 newsd | sarkaritel.com | daijiworld.com | OMMCOM NEWS | TheSamikhsya | The Siasat Daily | sify.com | INDIA NARRATIVE | BRITISH ASIA | SOCIALNEWS.XYZ | CANINDIA.com | bhaskarlive.in | IND News | Andhram.com | FOREVERNEWS | Telugustop.com | INDIAupdates | newKerala.com | webindia123 "However, the accommodative stance would persist to support the expected economic revival that continues to be threatened by the pandemic,” said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his views on GDP 27 Nov 2020 The Economic Times | The Times of India | The Economic Times | Zee Business | NDTV Profit | DECCAN HERALD | DECCAN HERALD | rediff.com | Outlook The News | Scroll | Yahoo!finance | Lokmat English | Doordarshan News | Bhaskar Live | NEWKERALA.COM | International Business Times | INDIA New England News | MENAFN | The Siasat Daily | Newsd Media Pvt Ltd | SOCIALNEWS.XYZ | Devdiscourse | Sarkaritel.com | Sarkaritel.com | The Greater India | Latest News | SSCNC | Universal Personality | New on News | The NDTV | The Arunachal Times | nownews.xyz | PEHAL NEWS | wrapup | INDIA NARRATIVE | Sky News18 | KTNEWSLIVE | groyourwealth.com | Pedfire | IND News | rolebuild | Aachran | newzzhub | CANINDIA.com | newsjatt | Digital Guruji | JUSTANEWS | techterrane | telugustop.com | forevernews | theusexpressnews | Andhram.com | ShaamTak | NEWSPAPER | Business- Journal | TFIPOST.com | TodaymyNews | sarkaridailyjobs | indifact.com | uktimenews | The Stock News | QNewsHub | Newsindiaplus24 | INM | INDIAupdates | MAGZTER | SAGAR INFLUENCE | TampaBayIndian | newyorkindian | NETWORK20NEWS | Sarkari Result | LAIndian.com | The World NEWS | Veekeez | 24/7 TODAYS NEWS | Andhravilas | repulish | NewEnglandIndians | Telly Port | Techkashif The significantly lower YoY contraction in Q2 GDP at 7.5 per cent compared with 23.9 per cent in Q1 has been largely in line with our expectations given the effect of pent up demand in the economy after a protracted lockdown in large parts of the country. Going forward, however, we believe that the revival momentum in Q3 and Q4 will be critically dependent on the pickup in private consumption during the festive season and a reduction in the intensity of the Covid pandemic. Any further resurgence of the pandemic and delay in the introduction of vaccines may constrain the expected GDP growth in Q3 and Q4. |
| Acuité’s views on October merchandise export data, covered by IANS, one of the leading news wires and subsequently by other prominent national publications 17 Nov 2020 SWARAJYA | MENAFN | The Rahnuma Daily | Sify.com | The Siasat Daily | We for News | Webindia123 | NewsD | dailyhunt | Asian Lite | Investment Guru | TFIPOST | FOREVER NEWS | Telugu stop.com Suman Chowdhury, Chief Analytical Officer Acuite Ratings & Research said: "The healthy pickup in exports seen in September could not be sustained in October, leading to a YoY drop of 5.1 per cent." |
| Acuité’s views on retail inflation covered by leading national publications 17 Nov 2020 The Economic Times | CNBC TV 18 | English Jagran.com | English Lokmat | IND News | Webindia123 "The continuing firmness in vegetable prices among other food items indicate continuing inflationary pressures, which are likely to be further aggravated by the festival demand," said Acuite Ratings & Research's Chief Analytical Officer Suman Chowdhury. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his views on Government PLI scheme 17 Nov 2020 Suman Chowdhury, chief analytical officer at Acuité Ratings & Research, says the Centre’s extending of subsidies to new sectors would incentivise corporates to set up greenfield units in the emerging sectors such as advanced battery cells, solar PV modules and electronic components. It would also help in plugging gaps in domestic supply chains that necessitate imports. "The PLI scheme has the potential to attract FDI and strengthen the manufacturing sector in India,” he says. "If the PLI schemes are devised well, this has the potential to crystallise aggregate capital investments of up to Rs 10 lakh crore over the next three years in India, including FDI.” As always, the key to the success of this scheme rests in its implementation. |
| Acuité’s views on IIP data, covered by prominent national publications 17 Nov 2020 "While the Indian economy has been on a gradual recovery path since Q1FY21, Manufacturing PMI at a multiyear high in Oct 2020 had already given an early signal that the industrial recovery has picked up speed. IIP print in positive zone at 0.2% YoY in Sep 2020 after a protracted period of contraction, reinforces that expectation. While the manufacturing sector has continued to witness a contraction albeit marginal at 0.6%, the electricity and the mining sector have recorded visible output growth at 4.9% and 1.4% respectively. Both consumer durables and non-durable sector have recorded 2.8% and 4.1% growth respectively in Sep as compared to a significant contraction in Aug 2020, partly driven by rural demand and also an expectation of an overall demand pickup in the festive season. It is also encouraging to see a positive growth in infrastructure and construction possibly driven by higher government spending. If the momentum in IIP persists over the next 2-3 months, the extent of contraction in GDP in FY21 may be lower than earlier expectations," Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research said. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his views on RBI's forecast on the CPI print 13 Oct 2020 Financial Express | Moneycontrol | The Telegraph Online | Republic India | Indian Express | Rediff | DNA | Outlook | Yahoo News | The Freepress Journal | One India | The Week | Newsd Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said inflation print has come contrary to market expectations that unlocking of the economy and easing of supply constraints, food prices will moderate over next few months. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his views on RBI's forecast on the GDP print for FY21 05 Oct 2020 Business Standard | BSmotoring Others see it as a natural evolution. "There has been a shift in preference towards compact SUVs in recent years and this has cannabilised sales of sedans,” said Suman Chowdhury of Acuite Ratings & Research. |
| CEO Sankar Chakraborti shares his views on the importance of ratings and functioning of rating agencies during an exclusive episode of Konexio Nivesh Guru 01 Oct 2020 Konexio Network, one of the fastest growing business news portal has wide reach among SMEs, MSMEs and the capital markets participants. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his views on RBI's forecast on the GDP print for FY21 28 Sep 2020 Zee Business | Dailyhunt | The Rahnuma | Forever News | Flipboard | Investment Guru | Media Eye | Peoples Post 'Given the continuing uncertainty on the economic revival, it is difficult to say whether RBI will come out with clear forecasts on the GDP print for FY21,' said Suman Chowdhury Chief Analytical Officer at Acuite Ratings and Research. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his opinion on the Indian auto segment 21 Sep 2020 The Pioneer | National Herald | Daijiworld | Newsd | Sify | Twistarticle | The Hawk | TFIPOST According to Suman Chowdhury, Chief Analytical Officer at Acuite Ratings and Research, while the GST applicable for vehicles is pegged at 28 per cent, the purchase taxes on cars in India have been historically high and given the fiscal compulsions, the government may not be in a position to reduce the taxation rates in the current scenario. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research comments on trade recovery 17 Sep 2020 Suman Chowdhury of Acuite Ratings and Research also said that the merchandise trade deficit is unlikely to witness any significant increase in the coming few months and will lead to a current account surplus in FY21. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his views on August 2020 trade 16 Sep 2020 Siasat | Newsd | Jhalak | Bhaskar Live | Latest News | TFIPost | CanIndia | IND News | SeattleIndian | MENAFN | Andhram "Given the overall decline in global demand, the 12.7 per cent YoY decline in merchandise exports is not surprising and reflects the challenges that Indian exporters will continue to face in stepping up its shipment levels,” said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings and Research. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his views on August food inflation 15 Sep 2020 Newsd | Can India | SMETimes | Socialnews According to Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research: "The food inflation hasn’t shown much of a decline, staying put at 9.05 per cent and highlighting the continuing supply constraints in the economy.” |
| Acuité shares its views on Indian Imports 14 Sep 2020 Approximately 14 per cent of India’s imports, amounting to billions of dollars, come from China. As per Acuite Ratings & Research, India can substitute 25 per cent of these imports by locally made products in sectors such as chemicals, automotive components, bicycle parts, agro-based items, handicrafts, drug formulations, cosmetics, consumer electronics and leather-based goods. This, without any additional investment in infrastructure. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research comments on retail inflation 14 Sep 2020 IANS | The Hawk | New Karala | India Retailing "The ongoing supply constraints and the logistical bottlenecks arising from the intermittent lockdowns may continue to keep food inflation at elevated levels despite a healthy growth in the agricultural sector,” said Suman Chowdhury, Chief Analytical Officer at Acuite Ratings and Research. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his views on August SIAM data 14 Sep 2020 "According to Suman Chowdhury, Chief Analytical Office, Acuite Ratings & Research: "In our opinion, the 14.2 per cent growth print in passenger vehicles and the 3 per cent in two wheelers reflect a relatively rapid recovery in the automobile market as compared to most other sectors and can be attributed to enhanced need for personal mobility in the context of the pandemic, improved demand from the rural sector, increasing upgradation from sedans to SUVs in major urban areas and lastly a pent up demand post the lockdown period.” |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research comments on the revival in consumer demand in automobile sector 02 Sep 2020 Siasat | The Rhanuma | Newsd | Sify | Moneylife | British Asia News | Menafn "It may still not be time to cheer considering the contraction economy has reported.” In addition, Suman Chowdhury, Chief Analytical Officer at Acuite Ratings and Research said the despatch volumes of two bellwether companies in the Indian automobile sector – Maruti Suzuki and Hero MotoCorp reflect a revival in consumer demand which can go a long way in improving the overall demand environment. "Although the lower base in the previous year has been a factor in the growth numbers, such data is surely encouraging in the context of the significant contraction in Q1 GDP,” Chowdhury said. |
| Sankar Chakraborti, CEO, Acuité Ratings & Research comments on the contractions in GDP 01 Sep 2020 Economic Times | British Asia | Financial Express | The Week | Hindustan Times | Outlook | Mumbai Mirror | Yahoo News | India Infoline | Sify | Newsd | Siasat Sankar Chakraborti, Group CEO, Acuite Ratings and Research, said, "GDP would continue to contract in Q2 although the extent of such contraction would be substantially lower; overall in FY21, a 10 per cent contraction is a definite possibility given the slow pace of the revival. |
| Stagflation risks spill over to bond markets: Acuite Report 31 Aug 2020 India Daily Mail | Yahoo News | Economic Times | Financial Express | Outlook | Newschant | JustAnews The 10-year G-sec yields have climbed up rapidly by 35 basis points (bps) over the last three weeks, while the July inflation print is 50 bps above the upper end of the Reserve Bank's tolerance level, thus virtually closing the rate cut window in the medium term, a report by Acuite Ratings said. |
| Acuité shares its views on RBI monetary measures announcements 31 Aug 2020 According to a report by Acuite Ratings, the steps taken by the RBI are aimed at cooling down the bond yields. The measures "will help to stabilise the bond yield curve, which has suddenly become a bit steep”. The increase in HTM limit for statutory liquidity ratio securities will also enable banks to purchase additional government papers and address the short-term marked-to-market concerns, which could have led to losses for banks. |
| Indian economy faces increased risk of stagflation: Acuite Ratings Report 21 Aug 2020 Siasat | Sify | Newsd | Daily Hunt | CanIndia | The Pioneer | SMEStreet | Flipboard | Indian Narrative India’s economy faces increased risks of stagflation, which may slow down the effectiveness of monetary and fiscal measures adopted by the central bank and government, Acuite Ratings said. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his views on rise in retail inflation 14 Aug 2020 The Week | Outlook | India Today | Freepress Journal | OneIndia | Sify | Siasat | Newsd | Yahoo News Suman Chowdhury, chief analytical officer, Acuite Ratings & Research, said inflationary concerns may lead to a delay in further rate cuts and can raise the risks of stagflation. "It is also expected to have an adverse impact on bond yields in the near term and may trigger the higher use of liquidity and yield management tools to optimise the cost of government''s borrowings," Chowdhury said.
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| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his opinion on MPC’s decision to hold on to the existing rates 07 Aug 2020 Economic Times | Forbes India | Financial Express | Business World | Reuters | SMETimes | Newsd | Market Screener | IndiaInfoline MPC’s decision to hold on to the existing rates appears to stem from its belief that the short term inflation outlook will be uncertain due to supply constraints and cost-push factors. Nevertheless, the MPC statement also highlights its concerns on the ongoing economic contraction in the current year and its intent to track the inflation trend closely so as to ensure timely action as and when appropriate. While the repo rates are almost close to the bottom, we believe there is a possibility of another round of 25-50 bps of a rate cut over the next 6 months. - Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research Ltd |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his views on expected rate cuts 03 Aug 2020 The Week | Sify | Daijiworld | Net Indian | Vishva Times Suman Chowdhury, Chief Analytical Officer at Acuite Ratings and Research, said: "It is unlikely that further rate cuts may help much to revive household demand or private consumption expenditure at this juncture. Nevertheless, the MPC may seriously consider another round of rate cuts to signal its intent to address the increased growth concerns and provide comfort to the volatile markets." |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his views on India's June retail inflation 14 Jul 2020 Reuters | Leader Post | Financial Post | This is Money | Yahoo Finance "The Consumer Food Price Inflation (CFPI) has shown a declining trend from 9.20% in May to 7.87% in June, reflecting the easing supply pressures in food items consequent to the removal of lockdown in most parts of the country. The inflation, nevertheless, continues to be high for protein items namely meat and fish, as the supply chain therein is yet to revive.” |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research comments on the MoM growth for May 2020 13 Jul 2020 Outlook | The Rhanuma | Newsd | Flipboard | Bhaskar Live "Clearly, the MoM growth for May is very high due to the base effect of April and reflects the fairly good pick-up in production in some of the core sectors as well as in consumer non durables. What is noteworthy is the YoY growth of 2.5 per cent in pharma sector output in the context of the magnitude of contraction in other sectors," said Suman Chowdhury, Chief Analytical Officer at Acuite Ratings and Research. |
| Railways'' PPP model to stimulate private investment: Acuite Report 08 Jul 2020 Outlook | Newsd | The Hawk | News Break India''s first-ever public-private partnership (PPP) scheme in passenger rail operations rolled out by the Indian Railways will stimulate private sector investments in the country, the Acuite Ratings & Research said in a report. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research comments on June auto sales 01 Jul 2020 Outlook | Newsd | Sify | NetIndian | Moneylife | Social News | DT Next Suman Chowdhury, Chief Analytical Officer at Acuite Ratings & Research, said: "Acuite believes that the current sales of two and four-wheelers are also partly driven by the lack of availability of public transportation system and the perceived contagion risks in most of the large cities.” |
| Can India afford to boycott Chinese products? 25 Jun 2020 BBC | Archyde | The Top 10 News | Rahnews | Worship Media India’s domestic manufacturing sector can substitute as much as 25% of total imports from China, according to new findings from Acuité, a ratings agency. |
| India has the ability to reduce dependence on China, cut deficit: Acuite Report 22 Jun 2020 Economic Times | Business Standard | Flipboard | Justdial | Outlook | Business Insider | ET Auto | MSN | Times of India | Livemint Even though India relies sizeably on Chinese imports, there are 40 sectors where domestic substitutes do exist and switching part of the requirements to local alternatives can reduce the trade deficit with the northern neighbour by $8.5 billion in a single year, a report said on Monday. The trade deficit contraction estimate has been made for FY22, assuming for a fourth of the items in the 40 specified sectors being sourced locally, Acuite Ratings and Research said. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research comments on India's May WPI Food inflation 15 Jun 2020 Outlook | Daijiworld | Newsd | Bhaskar Live | YUV News According to Suman Chowdhury, Chief Analytical Officer at Acuite Ratings and Research: "While data collation for inflation has been a challenge and no data for WPI or CPI was available for April, the broad based contraction in WPI across all the segments - primary articles, fuel and power and manufacturing, reflects the disruption in demand arising out of the Covid lockdown." |
| Sankar Chakraborti, CEO, Acuité Ratings & Research shares his views on India-China Trade 13 Jun 2020 Free Press Journal | Outlook | Flipboard | Newsd | The Hawk On the trade implications, Sankar Chakraborti, Chief Executive Officer at Acuite Ratings and Research said: "Any escalation in the India-China border tensions may have an implication on the bilateral trade relations which have already come under pressure from 2018-19." |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research comments on the reduction in weighted tax deduction and its effect on India Inc's R&D activity 02 Jun 2020 Suman Chowdhury, President, Ratings, Acuite Ratings and Research, said that the reduction in weighted tax deduction will not have any significant effect on India Inc's R&D activity. |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his opinion on the GDP slowdown in Q4FY20 30 May 2020 Financial Express | Outlook | Business Standard | WeForNews | SME Street It is not surprising that Q4FY20 GDP print stands at 3.1% given the weakness in demand seen in the economy in the pre-Covid months. In the opinion of Acuité Ratings, the figures for FY20 largely reflect the intensification of the economic slowdown that started to build up from Q2/Q3 of FY19. The gradual slowdown in the growth trajectory is indicated in the revised quarterly GDP figures and the estimated print for FY20 at 4.2% as compared to 6.1% in FY19. |
| Rise in NPAs a definite possibility post-COVID, consumption revival largely ignored by measures: Sankar Chakraborti, CEO, Acuite 24 May 2020 Moneycontrol | World News Monitor | Rediff Real Time While the Reserve Bank of India (RBI) has done its part, we believe that reviving consumption has been largely ignored, Sankar Chakraborti, CEO at Acuité Ratings & Research said in an interview to Moneycontrol's Sunil Shankar Matkar. |
| By default: Coronavirus threatens to derail retail boom for Indian lenders 15 May 2020 Economic Times | ET Now | NDTV | Business World | Live Mint | Financial Post | Yahoo News | Reuters Suman Chowdhury, chief analytical officer at ratings agency Acuité Ratings & Research, said he estimated only a fifth of borrowers from shadow banks have paid up in April and May, and expects the same at their next due date as individuals try to conserve cash. |
| Debt paper | mutual funds: 1,000 debt papers up for maturity; Rs 3.5 lakh crore MF money at stake 05 May 2020 Acuite Ratings estimates that the fund gap for the sector has grown to Rs 60,000 crore, thanks to the banks’ unwillingness to lend to the NBFCs. |
| COVID-19: Acuite Ratings pitches for Rs 11.2 lakh Cr stimulus package to revive economy 30 Apr 2020 Economic Times | Business Insider | Devdiscourse | Business Standard | The Hindu | India.com | CNBC | MSN | Pune Mirror The government will need to pump in a massive Rs 11.2 trillion ($150 billion) into the economy to revive it from the blow dealt by Covid-19 pandemic and subsequent nation-wide lockdowns, Acuite Rating has said in a report. |
| NBFCs, MFIs to see Rs 50-60k Cr funding gap on lack of moratorium: Acuité Report 24 Apr 2020 Economic Times | Outlook | Business Line | Bloomberg | The Times of India | Yahoo News "We believe the liquidity concerns of NBFCs (non-bank financial companies) and MFIs (microfinance institutions) have aggravated and a quick response is the need of the hour. The funding gap is estimated to further increase to Rs 50,000-60,000 crore," the agency said in a report. |
| Acuité Ratings & Research Limited shares its opinion on the impact the lockdown will have on the Indian economy 13 Apr 2020 Economic Times | Times of India | Outlook | The Hindu | Business Standard | Global Analytics Market | Deccan Herald Acuite Ratings & Research Ltd earlier this month estimated that the lockdown will cost the Indian economy almost $4.64 billion (over Rs 35,000 crore) every day and the entire 21-day lockdown will result in a GDP (gross domestic product) loss of almost $98 billion (about Rs 7.5 lakh crore). |
| Nationwide lockdown to cost Indian economy USD 4.64 bn every day: Acuite Ratings 03 Apr 2020 Economic Times | CNBC | Moneycontrol | BusinessLine | Outlook India | Financial Express | Business Insider | India.com | Business Today | Morung Express Sankar Chakraborti, CEO, Acuite Ratings & Research, said: "Acuite Ratings estimates that every single day of the nation-wide lockdown will cost the Indian economy almost USD 4.64 billion. Consequently, the 21-day lockdown will result in a loss of GDP of almost USD 98 billion." |
| Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research shares his opinion on the impact of COVID-19 on automobile sales 01 Apr 2020 Outlook India | Daijiworld | DT Next Suman Chowdhury, President - Ratings at Acuite Ratings & Research, said: "It is not surprising that the economic lockdown triggered by Covid-19, has sharply impacted the sales in the automobile sector which was already reeling under the effect of a structural slowdown." |
| Acuité Ratings & Research comments on the fall in the Rupee 30 Mar 2020 The Telegraph | News Summed Up | Outlook | IANSlive Acuité Ratings & Research Ltd said in a report the currency is unlikely to go under the "ventilator” and has the resilience to rebound to Rs 71-73 range to the dollar. |
| Suman Chowdhury, President - Ratings, Acuité Ratings & Research shares his views on the government’s reaction to the Coronavirus 27 Mar 2020 "Personally, I don’t think the government will announce major stimulus packages in a hurry. We cannot risk a major downgrade of the sovereign rating or plug the country with a stimulus where hyperinflation is a risk,” said Suman Chowdhury, president (ratings) at Acuité Ratings and Research. |
| Acuité Ratings & Research shares its views on the decline in domestic air passenger traffic 17 Mar 2020 Business Standard | Outlook India | Business Line | Moneycontrol | Live Mint | Business Insider | The Week | Financial Express | CNBC | News18 We expect a significant negative growth in monthly domestic traffic which can go as high as 50 per cent at least up to June, depending on the severity of the outbreak in India in the near term," rating agency Acuite Ratings and Research said. |
| Karan Mehrishi - Lead Economist, Acuité Ratings & Research, shares his opinion on the expectations on RBI to cut rates 16 Mar 2020 India Infoline | Outlook India | Prime Times | The News Minute | Flipboard | Bilkul Online | Newsd According to Karan Mehrishi, Lead Economist at Acuite Ratings and Research: "We believe an out of turn rate cut is possible to the tune of 50 bps. This is part of a global consolidated effort by central banks led by the Us Federal Reserve to calm the markets, as sovereign and high rated debt is experiencing yield spikes.” |
| Suman Chowdhury, President - Ratings, Acuité Ratings & Research shares his views on the decline automobile sales 13 Mar 2020 Outlook India | Newsd | New Kerala | Siasiat | The SMEtimes he sharp decline in yoy production of both CVs and PVs at 40.1 per cent and 9.4 per cent respectively in February 2020 reflects not only the expectations of weak demand in the near term but also the challenges in the supply chain for BS-VI vehicles brought about by the outbreak of the Coronavirus," said Suman Chowdhury, President, Acuité Ratings & Research. |
| Suman Chowdhury, President - Ratings, Acuité Ratings & Research shares his views on the decline in global oil prices 09 Mar 2020 Business Today | Economic Times | Business Standard | Moneycontrol | Indian Express The sharp decline in the global oil prices not only reflects the deep underlying concerns on a global economic disruption brought about by the coronavirus scare but also a lack of consensus among OPEC nations regarding production cuts. This will benefit India since it is one of the largest importers of crude oil. We estimate the savings on oil imports to be around $30 billion in FY21 if there is no significant uptick in global demand. This will also arrest the rising inflation and facilitate the next round of rate cuts by RBI. |
| Acuité Ratings & Research comments on the impact of COVID-19 on the airline industry 07 Mar 2020 Hindustan Times | Business Standard | ETNow News | Moneycontrol | Business Line | Livemint | Firstpost.com | Outlook | Business Today | Business Insider | CNBC | Flipboard | Deccan Herald With the fall in passenger volume, the seat factor of the airlines could see a sharp 50-60% decline over the next three months, stated Acuite Rating and Research report released on March 14. |
| Suman Chowdhury, President - Ratings, Acuité Ratings & Research shares his views on the announcement of a moratorium on Yes Bank 07 Mar 2020 India Today | Moneycontrol | Reuters | Business Today | Flipboard "The announcement of a moratorium on Yes Bank and the release of a draft scheme of reconstruction strongly validates the inherent risk in Additional Tier-1 Bonds or Innovative Perpetual Debt Instruments (IPDI) which form part of the Tier-1 Capital of a bank. This is for the first time in the history of the Indian Banking sector that a bank’s T1 bonds is being written down at the ‘point of non-viability’ (PONV) i.e. the investors have to take a hit on both principal and the balance interest payments.” |
| Suman Chowdhury, President - Ratings, Acuité Ratings & Research comments on Bharat Stage (BS) VI emission norms 03 Mar 2020 Business Standard | Bloomberg Quint | India TV | Newsd | KalingaTV | Newsdig According to Suman Chowdhury, President (ratings) at Acuite Ratings and Research: "With sales decline of nearly 30 per cent for both PV and CV segments, demand outlook for OEMs continues to be negative. "What is interesting is the green shoot in rural demand as reflected through a smaller decline in two-wheeler sales and a healthy pickup in tractor sales driven by a good rabi crop expectation. Nevertheless, Acuite believes that the overall auto sales will continue to be weak and wider improvements across the economy are at least one to two quarters away." |
| Suman Chowdhury, President - Ratings, Acuité Ratings & Research shares his views on the impact of COVID-19 on travel and hospitality sectors 29 Feb 2020 Outlook | Flipboard | Daijiworld | BhaskarLive Suman Chowdhury, President (ratings) at Acuite Ratings and Research, was of the view that even if the intensity of the outbreak tapers down in the near term, there will be a severe impact on the international airlines and the hospitality sector in the current and the next quarter. "While the impact on domestic travel is expected to be relatively less, it can be significant if the reported cases start increasing in India," Chowdhury said. |
| Karan Mehrishi - Lead Economist, Acuité Ratings & Research, shares his opinion on the Q3 GDP growth 28 Feb 2020 Outlook | Economic Times | Yahoo News | Businessworld | Flipboard | The World News | Afinoz | Reuters "Q3 print is in line with our expectations. Even though a favourable base did play a role in the slight improvement in quarterly value added, it is heartening to see green shoots in household consumption and capital formation. |
| Suman Chowdhury, President - Ratings, Acuité Ratings & Research comments on the reduction in weighted tax deduction 19 Feb 2020 Outlook | Prokerala | Daily Hunt | Newstral | NewKerala However, Suman Chowdhury, President-Ratings at Acuite Ratings and Research said that the reduction in weighted tax deduction will not have any significant effect on India Inc's R&D activity. |
| Suman Chowdhury, President - Ratings, Acuité Ratings & Research shares his views on India-US trade differences 17 Feb 2020 Outlook | Social News | Daijiworld Suman Chowdhury, President, Ratings at Acuité Ratings & Research said, "The SC order directing the telecom companies to settle the pending AGR dues by March 17, 2020 puts further uncertainty on their operational sustainability, particularly that of Vodafone Idea. |
| Suman Chowdhury, President - Ratings, Acuité Ratings & Research shares his views on the Supreme Court’s AGR order to push telcos to raise tariffs 14 Feb 2020 Economic Times | The Hindu BusinessLine | Outlook | The Week | The Indian Express | Yahoo Finance | Daijiworld "The proposed trade deal may lead to the reinstatement of the GSP benefits and greater access of Indian steel, aluminium, automotive and engineering products to the US market," said Suman Chowdhury, President, Acuite Ratings & Research. |
| Suman Chowdhury, President - Ratings, Acuité Ratings & Research shares his opinion on the RBI MPC's decision to hold the policy rates 06 Feb 2020 Reuters Times | Financial Express | NDTV Profit | Economic Times "The MPC's decision to hold the policy rate has been completely in line with our expectations. RBI believes that the inflation outlook remains uncertain and may remain elevated through the first half of FY21. Also, it expects the interest rate transmission to be more effective and act as a growth booster as more banks link their lending rates directly to the policy rate. |
| Karan Mehrishi - Lead Economist, Acuité Ratings & Research, shares his opinion on the Economic Survey 2020 31 Jan 2020 Economic Times | Mercom India | Moneycontrolt "The Economic Survey of 2019-20 has highlighted the importance of reforms in achieving the $5 trillion GDP target. The expectation is that economic recovery will start in the second half of FY20, marking the start of a 12-quarter business cycle,” said Karan Mehrishi, Lead Economist at Acuité Ratings & Research Limited. |
| Karan Mehrishi - Lead Economist, Acuité Ratings & Research, comments on the increase in CPI inflation to over a 5-year high of 7.35% 13 Jan 2020 December CPI print is largely driven by a spurt in food inflation, especially vegetables and protein based food items. We had earlier predicted that cropping patterns during this year's kharif pointed towards inflationary bias for items such as cereal and pulses. The uneven rainfall on the other hand negatively impacted seasonal vegetables. |
| Karan Mehrishi - Lead Economist, Acuité Ratings & Research, comments on the minor recovery in the IIP 10 Jan 2020 "Minor recovery in the IIP is a function of a favourable base effect, which will continue to benefit until the end of the financial year," said Karan Mehrishi, Lead Economist at Acuite Ratings & Research. Segments without such benefit have maintained their negative outlook, baring consumer non-durables (use based)." |
| Karan Mehrishi - Lead Economist, Acuité Ratings & Research, shares his views on Stagflationary pressures 24 Dec 2019 According to Acuite Ratings and Research’s Lead Economist Karan Mehrishi: "The revival of domestic demand is the key to offset Stagflationary pressures. The government needs to consider specific fiscal measures that can incentivise domestic consumption, given that the effectiveness of further monetary measures at this stage is limited. |
| Karan Mehrishi - Lead Economist, Acuité Ratings & Research, shares his opinion on the lending rate cut by the RBI 03 Dec 2019 Outlook India | Daily Hunt | sify finance | ET Auto | Daily Word | The Hindu BusinessLine "Given the increased concerns on growth with the Q2 GDP print at 4.5 per cent, we believe the accommodative policy will continue in the near term and MPC will actively consider a rate cut again," Acuite Ratings and Research's Lead Economist Karan Mehrishi said. |
| Steel sector may face short-term disruption in iron ore supplies with 232 mines expiry: Acuite shares its views 26 Nov 2019 Financial Express | Business Standard | Business Insider | The Times of India | ET Auto | Flipboard | Realtime Rediff |Justdial "With the leases of 232 merchant iron ore mines expiring in March next year, the country may face a short-term disruption in supply of the main ingredient used in making steel, Acuite Ratings & Research Ltd said” |
| Suman Chowdhury, President - Ratings, Acuité Ratings & Research shares his opinion on government incentives to encourage electric vehicle ownership 13 Oct 2019 "In our opinion, the average annual growth in passenger vehicles is unlikely to exceed 3 per cent to 5 per cent over the medium term, the government incentives notwithstanding,” says Suman Chowdhury, president of ratings at Acuité Ratings and Research. |
| Karan Mehrishi, Lead Economist, Acuité Ratings & Research, shares his opinion on the RBI’s bi-monthly policy review 04 Oct 2019 Acuité believes that the steps being taken by the government to boost demand along with a good monsoon and increased FII and FDI flows should lead to a healthy revival in growth in H2FY20. We nevertheless, remain cautious on the upward risks to core inflation in the second half due to the ongoing monetary and partly fiscal expansion. – Karan Mehrishi, Lead Economist, Acuité Ratings & Research Ltd. |
| Acuite released its report on India’s Fiscal Deficit 25 Sep 2019 Business Standard | ET Now | ANI | Yahoo News | domain-b.com | Odishatv.in | Outlook | Sify finance Acuite Ratings on Wednesday said there is still a significant scope to limit India's fiscal deficit to 3.5 to 3.6 per cent if the government gives high priority to disinvestment and there is a sustainable revival in consumption and market sentiment, expected to be brought in by the sharp cut in corporate taxes up to 10 per cent over the next two quarters. |
| Suman Chowdhury, President - Ratings, Acuité Ratings & Research shares his opinion on the cut in corporate tax announced by the Union finance minister Nirmala Sitharaman 20 Sep 2019 The Economic Times | Business Today | India Infoline | Times of India | The Pioneer | The Week | Outlook | The Finapolis Suman Chowdhury, president - ratings at Acuité Ratings & Research said "The tax rationalization announcement by the FM today is in line with our expectations and along with the ongoing accommodative monetary policy, should help to revive the economy over the next few quarters.” |
| Acuité shares its views on the privatization of coal mining in India 29 Aug 2019 Acuité Ratings and Research said in a note that "The government’s decision to permit 100% FDI via automatic route in coal mining and allied activities will facilitate higher investments in the thermal power sector and arrest the increasing dependence on coal imports over the medium term.” |
| Acuité shares its views on the RBI payout to help government invest in infra 28 Aug 2019 Zee News | Outlook Newsd | The Indian Wire | Aaj Tak A significantly higher net one-time inflow of Rs 1.48 lakh crore from the RBI will provide an opportunity to the government to step up public investments without a material slippage in the fiscal deficit target pegged at 3.3 percent for 2019-20, an Acuite report said. |
| Suman Chowdhury, President - Ratings, Acuité Ratings & Research shares his opinion on the major announcements made by the Finance Minister to revive the economy 26 Aug 2019 "Acuité believes that the government has responded well to the domestic demand slowdown and the increasing headwinds in the global and domestic economic landscape. The measures such as accelerated depreciation benefits and government’s decision to replace its own vehicle fleet augur well for the automotive sector. Importantly, the decision to reverse the additional surcharge will be a significant relief to the foreign investors and is expected to arrest the increased outflows.”, Suman Chowdhury, President-ratings at Acuité Ratings and Research. |
| Acuité shares its views on Andhra Pradesh’s power purchase agreement reviews 21 Aug 2019 Bloomberg Quint | Bloomberg Quint Acuite Ratings on Wednesday said there is still a significant scope to limit India's fiscal deficit to 3.5 to 3.6 per cent if the government gives high priority to disinvestment and there is a sustainable revival in consumption and market sentiment, expected to be brought in by the sharp cut in corporate taxes up to 10 per cent over the next two quarters. |
| Suman Chowdhury, President - Ratings, Acuité Ratings & Research shares his opinion on the new measures announced by RBI to ease challenges faced by NBFCs 7 Aug 2019 "The steps taken to revive bank lending to the NBFC sector through higher bank exposure limits to a single entity and expanding the priority sector credit definition will help to alleviate the funding challenges in the sector and facilitate higher credit flow to the retail segment,” said Suman Chowdhury, president – ratings at Acuite Ratings and Research. |
| Acuité shares its views on the 2019 Union Budget 8 Jul 2019 Acuite Ratings Research Limited, a full-service credit rating agency on Monday said that the Union Budget 2019 has laid down a good platform for sustainable economic growth and financial stability over the medium to long term. |
| Karan Mehrishi, Lead Economist, Acuité Ratings & Research, shares his opinion on changes in FDI 1 Jun 2019 In a bid to lure more investors, restrictions on foreign investment were relaxed under the Modi government’s first term in sectors including retail, aviation and defence. Karan Mehrishi, the lead economist at Acuité Ratings & Research says this should have a positive impact on the FDI inflow in these sectors. |
| Suman Chowdhury, President - Ratings, Acuite Ratings & Research Limited, shares his views on Magma Fincorp 4 Apr 2019 Suman Chowdhury, President - Ratings, Acuite Ratings, said,” The firm’s profitability levels continue to be low compared with its peers. While the funding environment for the NBFC sector continues to be challenging, MFL has been able to strengthen its liquidity position by undertaking securitisation transactions on a regular basis.” |
| Acuité comments on the trading on e-NAM 21 Dec 2018 Lack of trust on the quality of agri commodities traded has resulted into low level of activity on the government’s pet nationwide online trading platform electronic-National Agricultural Mandi (e-NAM), said Acuité Ratings and Research in its latest report. |
| RBI monetary policy review – Karan Mehrishi, Lead Economist, Acuité Ratings & Research Limited 06 Dec 2018 Financial Chronicle | Money Control | Dailyhunt | Equity Bills Karan Mehrishi, lead economist at Acuité Ratings and Research, said RBI’s decision to hold rates at 6.5 per cent was largely driven by a challenging liquidity scenario and benign domestic inflationary conditions. "Nevertheless, we prefer to maintain an upward bias on our rate outlook since the combined CPI number is artificially deflated by lower food inflation figures. Also, the December 6 Opec meeting will be crucial as the members may consider constricting supplies in view of the falling oil prices.” |
| Asia's Most Dominant Economy Is Slowing Down The Entire Continent - Karan Mehrishi, Lead Economist, Acuité Ratings & Research Limited 31 Oct 2018 Surprising as it may be, China is pulling down the rest of Asia. A slowing Chinese economy is impacting the overall trade numbers of IMF’s emerging economies & developing Asia category. A bigger shocker is however the fact that Asian trade would have grown faster without China. The divergence between China and the rest of Asia is nonetheless a reality now and gives a fair bit of nuance regarding the things to come. Bearing in mind this reality, repercussions pertaining to the US-China trade war, China’s reducing trade surplus and global commodity volatility suddenly become even more pronounced for Asia now. Even though it is clear that China will continue playing a leading role in forthcoming decades, there are visible signs of realignment in Asia and this cannot be ignored. |
| World's Fastest Growing Major Economy Has A Cash Problem - Karan Mehrishi, Lead Economist, Acuité Ratings & Research Limited 30 Oct 2018 Despite being the world’s fastest growing major economy, India is having trouble in mustering enough ammunition to sustain its momentum. The economy it seems is running out of cash and systemic liquidity has fallen much faster than anticipated. As things stand today, the liquidity situation is grim and requires a serious rethinking. The central bank is expected to take evasive steps to calm the system – the costs may however be underestimated at the moment. |
| Are Chinese Exports Indispensable For The American Dream? - Karan Mehrishi, Lead Economist, Acuité Ratings & Research Limited 29 Oct 2018 For record, Chinese exports to the United States are expected the breach the $500 billion level in calendar year 2018. The country is Americas largest import partner and as we will see later in this story – the former maintains a significant influence on the latter’s household consumption basket. Look at it this way, among all of America’s trading partners, imports from China form one massive monolith worth half a trillion dollars. Canada and Mexico, which come at second and third positions collectively contribute to around $600 billion – giving us a fair idea about China’s scale. |
| Karan Mehrishi, Lead Economist, Acuité Ratings & Research, Opinion on dangers pertaining to the widening interest rate gap between Emerging and Developed Markets 25 Oct 2018 While inflation in BRICS countries (proxy for emerging markets) is declining or stable - that of developed markets is inching up faster than expected. The evolving situation will disrupt the ongoing fiscal consolidations across the emerging market space and batter its asset classes if experts remain less vigilant. The countries, which were running high inflationary pressures in the recent past are experiencing a period of relative stability despite increasing crude prices. However, developed market interest rate normalization is occurring faster, given rising inflationary trends – creating volatility. |
| Karan Mehrishi, Lead Economist, Acuité Ratings & Research, Opinion on Indo-Russian Oil Deal 16 Oct 2018 Both the Indians and Russians had high hopes from the recent visit of President Vladimir Putin to Delhi. Surprisingly, it wasn’t about the much hyped S400 Air Defense System deal signed between the countries for a whopping $5.1 billion. The audacity was regarding another strategic asset, which has been derailing the Indian growth story and threatening to maul its macroeconomic stability. No guesswork here as all eyes were on Russian oil assets as the October meeting concluded with a strategic push pertaining to Indo-Russia joint development of Siberian liquefied natural gas (LNG) and oil fields. Russia also reportedly offered India strategic access to its Arctic assets and its northern sea route (through the Kara gate). Despite these feel good announcements however, nothing concreate was discussed about uninterrupted supply lines. Perhaps, the arrangement which has been extended to the Chinese in the form of Eastern Siberia-Pacific Ocean Oil (ESPO) Pipeline for example, could have greatly sweetened the deal. |
| Suman Chowdhury, Ratings – President, Acuité Ratings & Research shares his views on India’s farming sector 14 Oct 2018 Suman Chowdhury, the ratings president at Acuité Ratings and Research, based in Mumbai, says it is not surprising that agriculture is contributing a declining share of GDP in India, as the services and industry sectors continue to grow at a much faster pace. "As a country develops and goes on from a developing to a developed economy, we will see a lower share of agriculture," he says, although he adds: "I wouldn't say that there's a crisis at this moment." |
| Sankar Chakraborti, CEO, Acuité Ratings & Research Limited comments on the scope of the ratings industry 28 Sep 2018 Livemint | HindustanTimes | BusinessStandard | FinancialExpress | BloombergQuint | ThePrint | EconomicTimes "The regulators should seriously consider mandatory rotation of the rating agency of an issuer just like the rotation of auditors," Sankar Chakraborti, Chief Executive Officer at Acuité Ratings & Research Limited, a local ratings company. "This will allay the concern that a very long association between issuer and rating agency may allow scope for complacency." |
| Karan Mehrishi, Lead Economist, Acuité Ratings and Research comments on the expectations from the 4th MPC meet 28 Sep 2018 Dailyhunt | Financial Express | Financial Chronicle | Equity Bills According to Karan Mehrishi, Lead Economist at Acuité Ratings and Research further liquidity management measures can be expected in the run up to the monetary policy statement. The tightness in the liquidity was clearly visible with the spurt in the weighted average call money rate (WACR) and its differential with the repo rate narrowing to only 4 bps over the last fortnight. RBI has already permitted banks to avail additional liquidity, if necessary from a larger pool of high quality liquid assets (HQLA) which is kept as SLR. |
| Acuité shares its views on the government proposed merger of Bank of Baroda, Vijaya Bank and Dena Bank 18 Sep 2018 Hindustan Times | Business Standard | The New Indian Express | Outlook India | Equity Bulls | India TV | The Finapolis "The proposed merger between the three banks — Bank of Baroda, Vijaya Bank and Dena Bank is a step in the right direction to sustain the competitiveness of the public sector banks. Given the increasing size and growing market share of the Indian private sector banks, such a merger and the consequent economies and synergies will strengthen the competitiveness of PSBs as a whole,” said Suman Chowdhury, President - Ratings, Acuité Ratings & Research Limited." |
| Karan Mehrishi, Lead Economist, Acuité Ratings and Research shares his views Q1 FY19 GDP numbers 14 Sep 2018 "Economy will be sustained by pent up demand, that will come on line in the coming quarters. The lingering effects of demonetization are subsiding as the market’s animal spirit takes over." |
| Acuité comments on the RBI’s latest gold purchase 11 Sep 2018 Suman Chowdhury, president - ratings, Acuité Ratings and Research said the quantum of gold purchase by RBI at 8.4 metric tonnes in 2017-18 is not significant in the context of total gold reserves of 566.2 tonnes held by RBI as on June 2018. This is also a nominal amount against the last gold purchase by RBI of 200 tonnes in November 2009. |
| MSME sector is poised for growth and the benefits of major reforms such as Demonetisation and GST are showing 17 Aug 2018 @acuiteratings study says the liquidity position for MSMEs has also improved with gross current assets dropping to 135 days as on March 2018 from 153 days as on March 2017. |
| Acuité Ratings and Research shares its views in the Economic Times 16 Aug 2018 "The impending launch of Pradhan Mantri Jan Arogya Abhiyaan (PMJAA) with planned adoption of technology would ensure better implementation and last-mile coverage and generate employment opportunities in the services sector.” |
| Acuité Ratings and Research comments on the Impact of the Kerala floods on the economy 16 Aug 2018 Business Standard | Equity Bulls | The Asian Age Kerala’s Gross State Domestic Product (GSDP) loss would amount to nearly Rs 108 billion due to the torrential downpour and floods, said a report by Acuité Ratings. |
| Suman Chowdhury, President-Ratings speaks about the impact of Make In India and GST on the manufacturing sector, in an article by Rebecca Bundhun in The National 07 Aug 2018 "It's definitely one of the very well-intentioned programmes that was launched because India was losing its competitiveness in manufacturing,” says Suman Chowdhury, the president of ratings, at Acuité Ratings and Research based in Mumbai. "Make in India is there precisely to improve the competitiveness and encourage the growth of manufacturing in a big way. I think from that perspective the benefits are still to be seen.” |
| RBI hikes rates by 25 bps in August MPC Meet - Karan Mehrishi, Lead Economist shares his views on the development with the media 01 Aug 2018 The Economic Times | IIFL | The Week "Even though domestic factors such as rising core inflation, likely impact of farm MSP hikes and a depreciating currency are at play, we believe that MPC is also playing catch up with the normalization happening in the developed world. Today's meeting coincides with the US Federal Open Market Committee (FOMC) concluding remarks (due in a few hours) - which is expected to lose its accommodative stance, auguring more hikes. As a result, the US long term yields are already hitting the 3% mark. Maintenance of an attractive yield differential was therefore paramount for the MPC at this time" |
| Acuité Ratings & Research, President-Ratings, Suman Chowdhury shares with Rebecca Bundhun The National the impact of GST rationalisation on the Indian economy at large 29 Jul 2018 "The reduction of GST on items will boost consumption in the economy and is likely to have a positive impact on the domestic manufacturing ecosystem,” says Suman Chowdhury, the president of Ratings, at Acuité Ratings & Research based in Mumbai. "However, such rationalisation would lead to revenue losses for the government.” |
| Acuité Ratings & Research, President-Ratings, Suman Chowdhury shares his views on India’s economic outlook 29 Jul 2018 "A fairly satisfactory progress of monsoon and reduction of GST rates for consumer discretionary goods augur well for rural consumption,” says Suman Chowdhury, the president, Ratings at Acuité Ratings & Research. |
| Sankar Chakraborti, CEO at Acuité Ratings & Research shares his views on the state of Indian economy and corporate India in an exclusive #interview with Kumar Shankar Roy at Karvy Finapolis 02 Jul 2018 Kumar Shankar Roy caught up with Sankar Chakraborti, who as CEO is spearheading Acuité Ratings & Research's journey. Chakraborti, who is also an independent director on the board of Indian Oil Corp, over the years in his roles at CRISIL and the Centre for Monitoring Economy (CMIE) has had a ring-side of view of how corporates, economies, and governments function. |
| Acuité President - Ratings, Suman Chowdhury comments on Govt’s capital infusion in PSBs 02 Jul 2018 NDTV.com | Sify.com | News18.com | Business-standard.com | SMEtimes.com | Moneylife.in | Dailypioneer.com (The Pioneer) | Ianslive.in | Dailyworld.in | Newsheads.in | DTnext.in "It reinforces our belief that the government would continue to support the PSBs particularly those under PCA (prompt corrective action) of the RBI and would not allow regulatory capital breaches which might lead to defaults in hybrid and perpetual instruments," Chowdhury said in a statement. |
| Acuité Lead Economist, Karan Mehrishi comments on the impact of Rupee closing at an all-time low 02 Jul 2018 The Times of India | Economic Times | India Today | NDTV | BUSINESSWORLD "The Rupee has been one of the worst performing currencies among peers... Against the US dollar, it has depreciated by 6.6 per cent in calendar year 2018 and 8 per cent year to date. Adding to our concern is the increasingly hawkish Federal Reserve, which has now initiated a reversal of the Quantitative Easing (QE) - marking an end to global easy money," Karan Mehrishi, Lead Economist at Acuité Ratings & Research, said. |
| Acuité expects MSMEs and mid-corporates to mobilize around Rs. 6 lakh Cr. Of additional debt over the next two years to meet their working capital as also capex requirements 27 June 2018 TimesofIndia.com | Moneycontrol.com | Businessstandard.com | Indiatoday.in | Fortuneindia.com | Latestkhabar.in | Stocksmarket.in | Twitter.com – TOI "These figures reinforce the belief that the MSME sector is already on a recovery path and should continue to sustain the improved performance in FY19", Acuité Ratings CEO Sankar Chakraborti said. |
| NBFCs and private sector banks have a significant opportunity to scale up their business by Rs. 4.5 lakh Cr. In the mid-corporate and MSME space over the next 2 years 12 June 2018 DNAIndia.com | DeccanChronicle.com | AsianAge.com | UCNews.in | Twitter.com – DNA "As on date, 11 PSBs have already been placed under PCA, resulting in deceleration in their loan book growth. For these 11 banks, overall loan book has degrown by around 3.3% in 2017-18 on the back of a de-growth of 3.6% in the previous year, primarily due to slowdown in lending to MSMEs and mid-corporates", Acuité Ratings & Research said in note. |
| Acuité comments on the story 30 January 2023 Reached out for comments on their rating of Adani group entities, Acuite Ratings & Research's Chief Analytical Officer Suman Chowdhury told IANS: "As a credit rating agency, Acuite Ratings & Research keeps all its outstanding ratings under continuous surveillance and evaluates the impact of any economic, industry or company specific event on the credit profile of a rated entity through a process of 'Material Event Review (MER)'." |
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