ICRA Ltd News
ICRA Analytics ventures into Indian cybersecurity market with Bitsight
ICRA Analytics Limited (ICRA Analytics), a wholly-owned subsidiary of ICRA Ltd, has announced its foray into the USD 3-5 billion Indian cyber security market through a collaboration with Bitsight, a leading global cyber risk management firm and a Moody's partner. This partnership will enable ICRA Analytics to offer cutting-edge cyber risk management solutions to clients across India, the company said. "The Indian cyber security market is estimated to be valued at approximately USD 3-5 billion and is expected to grow at a CAGR of 13-15 per cent over the next five years. ICRA Analytics expects this foray to support its business growth in the future," ICRA Analytics MD & CEO Jayanta Chatterjee told PTI. "Our collaboration with Bitsight will enable us to deliver next-generation cyber risk solutions across India. This strengthens our bouquet of offerings under the risk management platform and ensures access to superior quality cyber risk management frameworks for our clients," he said
 "ICRA Analytics ventures into Indian cybersecurity market with Bitsight")
Urban demand situation may affect firms' capex plans: Icra MD & Group CEO
The volatility in inflation still remains substantial and interest rates are not expected to come down, weighing on private capex
 "Urban demand situation may affect firms' capex plans: Icra MD & Group CEO")
CARE Ratings surges 13%, hits over 6-year high on healthy Q2 results
Thus far in the month of October 2024, CARE Ratings has outperformed the market by surging 32%, compared to the 5% decline in the BSE Sensex during the period
 "CARE Ratings surges 13%, hits over 6-year high on healthy Q2 results")
Over Rs 3 trn needed each year to reach 440 GW RE capacity by 2030: ICRA
An investment of over Rs 3 lakh crore is needed every year in the renewable energy sector to take India's installed green capacity to 440 gigawatt, Icra experts said on Friday. "We expect India to have 440 gigawatt installed capacity of renewable energy by 2030," Vikram V, Vice President & Co-Group Head - Corporate Ratings, ICRA Ltd said at a media roundtable. The estimated capacity would require incremental investment of at least Rs 3 lakh crore every year over the next five to six years, Girish Kumar Kadam, Group Head Corporate Sector Ratings at ICRA Ltd. He further said to meet the renewable purchase obligation (RPO) target of 43 per cent by 2030, the renewable energy capacity should more than double to 440 GW from the current level of 200 GW. The government's target is to have 500 gigawatt of installed renewable energy capacity by 2030. Sharing his outlook for the RE sector, Kadam said India has made significant progress in renewable energy capacity addition with a strong ...
 "Over Rs 3 trn needed each year to reach 440 GW RE capacity by 2030: ICRA")
