Icra, in its note, projected the year-on-year (YoY) expansion of the GDP to rise to 6.9 per cent in Q4 FY 2025, from 6.2 per cent in Q3 FY 2025, significantly undershooting the NSO implicit estimate of 7.6 per cent for the quarter.
Ratings agency ICRA Limited has downgraded the debt rating of Ola Electric Mobility Limited's automotive unit due to slower-than-expected sales and a challenging road to profitability.
India’s aviation sector reflects a stable outlook with domestic air passenger traffic recording a double-digit growth of 11.04 per cent in February this year compared to the same month of the previous year, official data showed.
The Indian commercial vehicle (CV) industry is poised for modest growth, with ICRA forecasting a 3-5% year-on-year (YoY) increase in wholesale volumes for Financial Year (FY) 2026.
Indian companies are likely to clock 7-8% revenue growth during the March quarter of the current fiscal year, domestic rating agency ICRA said on Monday. It highlighted that the growth will be led by revival in rural demand and uptick in government spending.
The interest coverage ratio is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense during a given period.
Combined capital expenditure of a sample of 13 major state governments is expected to grow 29% year-on-year to Rs 6.2 trillion in FY2024 compared to Rs 4.8 trillion in FY23, it said.
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.
ICRA said that home-buyers have been leaning towards completed inventory and towards developers with an established track record of on-time
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.
