Thu, Nov 21, 2024
India's economy is projected to grow at a faster pace in the third quarter of the current financial year (October-December 2024) compared to the first half (April-September 2024), according to a report by ICRA.
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Wed, Nov 20, 2024
Domestic rating agency Icra on Wednesday said India's real GDP growth for the September quarter is likely to decline to 6.5 per cent due to heavy rains and weaker corporate performance.
Mon, Oct 21, 2024
Indian apparel exporters are estimated to see a 9-11 per cent revenue growth in FY25, benefitting from the gradual liquidation of retail inventory in the key end markets and a shift in global sourcing to the country, a part of the de-risking strategy adopted by several customers, a report showed on Monday.
Wed, Mar 22, 2023
In the ongoing fiscal also, the domestic steel consumption growth has remained strong supported by the government's push for infrastructure-led economic growth.
Tue, Mar 07, 2023
ICRA estimated international passenger traffic for Indian carriers to witness a YoY growth of 10-15 per cent in FY2024, post the 125-130 per cent expansion in FY2023.
Tue, Feb 14, 2023
The growth trends continued to be broad-based across all the three sub-segments -- medium & heavy commercial vehicles (M&HCV), light commercial vehicles (LCV), and buses, in the third quarter and nine months ended December 31, 2022, Icra said.
Wed, Feb 08, 2023
CNG, EVs and hybrid vehicles may grab up to 30 per cent share in total auto sales in next five years even as petrol cars are likely to dominate passenger vehicle volumes in medium-term, a report said on Tuesday.
Mon, Feb 06, 2023
Ratings agency ICRA sees lower hiring by the IT service companies in the near term given that excess capacities were added in FY2022 and expects moderation in demand compared to previous fiscals amid macroeconomic headwinds.
Tue, Jan 31, 2023
India currently has around 35 per cent of its towers fiberised for 5G and the backhaul infrastructure will cost a whopping Rs 3 lakh crore over the next 4-5 years, rating agency ICRA said on Monday.
Thu, Jan 05, 2023
On account of input cost pressures, the rating agency said it has revised its estimates of operating profitability of domestic players downward to 18 per cent in the current fiscal.
Tue, Jan 03, 2023
Rating agency ICRA on Tuesday revised its growth estimates for the Indian road logistics sector to 11-13 per cent for the current fiscal against the previous estimate of 7-9 per cent.
Wed, Dec 28, 2022
The growth in the airbag industry, which is one of the fastest growing auto component segments, is expected to be fuelled by the increase in content per vehicle arising from higher regulatory requirements and voluntary increase in the number of airbags per vehicle for enhancing safety, Icra said in a statement.
Wed, Dec 21, 2022
Supported by the government's infrastructure-led growth model, domestic finished steel demand has registered a double-digit growth of 11.9 per cent in the first eight months of the current fiscal, the ratings agency said in a report on Wednesday.
Mon, Dec 19, 2022
The banking system's credit growth will slow down to 11-11.6 per cent in FY24, after a very healthy growth of 15.2-16.1 per cent expected in FY23, the rating agency said.
Tue, Nov 22, 2022
CRISIL reduced the growth forecast for the second quarter of the financial year 2022-23 by 0.30% to 7%, while ICRA expected it to be 6.5%. The government estimates that inflation will reach the tolerance band of 2-6 per cent in FY23-Q4. India, now eyes achieving the $5 trillion economy mark by FY27. According to experts, the pace of India's growth has slowed down due to the Corona-War. Watch this special report on India 360.
The government has cut the export duty on steel products and iron ore to nil with effect from November 19, 2022 -- six months after imposition of the levy on May 21.
Tue, Nov 08, 2022
Mortgage lenders have limited headroom to extend the loan tenures given the fact that the prime home loan segment already has long tenures, and a further extension in loan tenures will lead to overall tenures extending beyond the working life of the borrower, rating agency Icra said.
Mon, Aug 29, 2022
While companies passed on higher input costs in the form of commodity and energy cost, leading to revenue growth, the same led to margin compression, rating agency Icra said in a note based on the analysis of 620 listed companies, excluding financial sector entities
Mon, Jul 25, 2022
In the Tata Steel case, the stock split will help the company to increase liquidity, thus beating the impact of rising commodity prices on profitability to some extent.
Fri, Jul 08, 2022
Will the rental income of the mall increase? What is special in ICRA report? Know full details from Arman Nahar.
Tue, May 17, 2022
The credit rating agency has cited the second-highest business activity index reading in 13 months in April as a trigger for this.
Fri, Apr 01, 2022
HAL said on Friday it has recorded highest ever revenue of over Rs 24,000 crore for the financial year ended on March 31, 2022.
Mon, Mar 28, 2022
The price of imported coal is poised to rise by 45-55 per cent in the first quarter of FY23 as markets face supply disruption following the Russia-Ukraine conflict and it would severely impact domestic users of imported dry fuel, ICRA said on Monday.
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