Tag: ICRA

Road logistics sector sees growth due to strong demands: Report

During the financial year 2022-23, the domestic road logistics sector's growth is anticipated to continue due to the rapid expansion of business activities along with the support of robust growth in 2021-22 (FY22), said rating agency Icra recently. A growth rate of 7-9 per cent during FY23 over FY22 was estimated by rating agency Icra.

October 9, 2022

Housing sales in June qtr jump y-o-y over 2-folds in 8 cities: ICRA

ICRA said that home-buyers have been leaning towards completed inventory and towards developers with an established track record of on-time

September 2, 2021

Power demand in India expected to grow 6 pc in FY22: Icra

The median tariff revision based on the tariff orders issued so far for 2021-22 is less than one per cent and the subsidy dependence for discoms at all-India level is estimated at Rs. 1.3 lakh crore, for the year, it added.

July 13, 2021

Domestic air pax traffic expected to grow 41-42% sequentially

On a sequential basis, the number of departures in June 2021 was higher by 14-15 per cent as Covid-19 infections demonstrated a downward trajectory, the agency said.

July 7, 2021

Credit outlook for tractor industry ‘stable’: ICRA

Besides, the rating agency expects a 1-4 per cent YoY growth in domestic tractor volumes in FY22.

July 3, 2021

ICRA expects 12-14 pc growth for two-wheeler sales this fiscal

While uncertainty continues to persist regarding a possible third wave, ICRA said it continues to maintain a 'stable' outlook for the 2W industry.

July 1, 2021

Rising solar PV module prices near term headwind: ICRA

Alternatively, the tariff increase required to offset such a module price increase is estimated at about 20-22 paise per unit.

June 17, 2021

Phased unlock: FY22 GDP growth projected at 8.5%: ICRA

Besides, it has excluded the impact of the release of food subsidy arrears in FY2021, based on the clarification provided by the National Statistical Office (NSO).

June 10, 2021

Hotel occupancy rates to take a hit for 2-3 months more: ICRA

As per ICRA, the recently expanded scope of ECGLS has come as a relief for larger hotel companies.

June 5, 2021

ICRA Q4 GDP growth 2%, FY21 at 8.45%

This would mean that the NSO projection of a double-dip contraction is avoided.

May 24, 2021

India’s consumption, investment demand recovers: Moody’s, ICRA

Despite these improvements, India remains vulnerable to the threat of rising infections and fresh lockdowns, and to the risk of an uneven or underwhelming economic recovery.

February 26, 2021

Low base to accelerate FOCs growth in FY22: ICRA

The segment plays vital sales boosting financing role for the luxury car industry by offering low-cost credit and innovative credit models.

February 13, 2021

Duty cut could bring down domestic steel prices by 10%: ICRA

The government's Rs. 2.87-lakh crore allocation to the Jal Jeevan Mission (Urban) scheme and the addition of 100 more districts to the city gas distribution network would also provide a fillip to steel pipe sales, ICRA said.

February 8, 2021

Global LNG demand will be driven by Asia-Pacific: ICRA

At such elevated price levels, ICRA expects a drop in the domestic LNG consumption on a YoY and QoQ basis in the current quarter.

January 27, 2021

India’s real GDP to expand by 10.1pc in FY2022: Icra

With the CPI inflation expected to remain above the MPC's 4 per cent target during FY2022, the agency expects an extended pause for the repo rate.

January 11, 2021

Strong recovery in oil and gas volumes likely in FY22: ICRA

"The credit metrics are likely to improve in FY2022 due to a decline in debt levels and improvement in profitability."

January 10, 2021

NBFCs growth expected to revive in FY2022: ICRA

The survey findings showed more HFCs expect a higher growth rate vis a vis NBFCs and, smaller and mid-sized entities expect higher growth rate vis-a-vis their larger peers.

January 7, 2021