Acuite in News

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

The Hindu BusinessLine

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 Economic Times

"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

"We will maintain full independence in determining which factors may be material to its ratings criteria,” said Suman Chowdhury, Chief Analytical Officer, Acuité Ratings. A comprehensive issuer ESG analysis can be considered an important input to a rating exercise.”
















Acuité's comments on Kharif crop estimates covered in Live Mint

26 Sep 2021

Livemint

"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

Economictimes

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

The Hindu BusinessLine

"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

The Hindu BusinessLine

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

The Economic Times |  Business Standard

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

The Indian Express

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

The Times of India

Acuité's comments on GDP estimates covered exclusively by Business Standard

27 Aug 2021

Business Standard

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

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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

National Herald

"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

Pehalnews

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 Hindu BusinessLine

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

BloombergQuint

 

 

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

BSE Forum

 

 

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

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"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

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''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

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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

India Today

"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

The National News | Kapi News

"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.

Acuité comments on the inflation spike in the national publications

15 Jun 2021

The Week

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

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"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

Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research:

”…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

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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.

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

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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.

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

The Hindu BusinessLine

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.

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.

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 NewsCrime 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

Moneycontrol.com | Flipboard

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

Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research, said any further increase in prices due to lockdown-driven potential supply constraints, continued depreciation of the rupee and continuing rise in commodity prices will remain a risk factor and may pose a policy challenge for RBI.

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

The Week

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.

 

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 TodayBW 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

Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research, said 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.

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

outlookindia

"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

Times of India |  MSN

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 

The yields are likely to rise from 5.82 per cent now to 6 per cent by the end of March this year, the report by Acuité Ratings.

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

NDTV Profit

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 NewsWindow 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

The National 

"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

pressreader 

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

News18 

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

FORTUNE INDIA 

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

India Today

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

IIFL Securities | Pehal News 

"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

YouTube

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

Financial Express

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

The Week

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

Forever News | SMEtimes

"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

Times of India

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.

 

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."
Chakraborti noted that India still continues to have significant dependence on Chinese imports in certain sectors such as bulk drugs, chemical intermediates, auto components, capital goods and consumer durables, including smartphones.

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

Webindia123.com

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.
"India's R&D activity has held steady at 0.7 per cent of GDP over 5 years and no visible signs of positive outcomes were seen emanating from private enterprises despite such benefits," Chowdhury said.

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

Economic Times | Fund Swift

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

Forbes India

"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.
"India's R&D activity has held steady at 0.7 per cent of GDP over 5 years and no visible signs of positive outcomes were seen emanating from private enterprises despite such benefits," Chowdhury said.

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

Economic Times | The Week

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

Outlook | Moneycontrol

"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

Outlook | Gulf Today

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

The National

"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

India Infoline | The Week

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

livemint

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

India Infoline

"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 Week

"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

Zee News

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

The National

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

Financial Express

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

Business Standard

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

Forbes

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

Forbes

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

Forbes

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

Forbes

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

Forbes

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

The National

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

Channel NewsAsia

"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

DNA

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

SIDBI Twitter

@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 Economic Times

"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

The National

"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 National

"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

The National

"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

The Finapolis

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.