Thu, Jan 18, 2024
India had registered a Gross Domestic Product (GDP) growth rate of 7.6 per cent in the July to September period. The rating agency said the year-on-year growth in ICRA Business Activity Monitor eased for the second consecutive month to a six-month low of 8.1 per cent in December 2023 -- as against 7.9 per cent in December 2022 and 9.6 per cent in November 2023.
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Thu, Dec 07, 2023
The country's installed renewable energy capacity was at 130 GW as of October 2023, Vikram V, Vice President & Sector Head - Corporate Ratings, Icra, said in a webinar. Indian Renewable Energy (RE) capacity is expected to reach 170 GW by March 2025, led by strong policy support and moderation in solar module prices, he said.
Mon, Nov 27, 2023
The traction in the e-bus segment is already visible over the past couple of years, with e-bus volumes as well as penetration levels improving consistently to 7 per cent in FY2023, ICRA noted.
Mon, Nov 20, 2023
Bharatmala Pariyojana is the largest highway infrastructure programme in India which aims at the development of 34,800 kilometres of national highway corridors at an investment of Rs 5.35 lakh crore.
Fri, Nov 10, 2023
Dozens of Israeli protesters demonstrated outside of the offices of the International Committee of the Red Cross in Tel Aviv on November 9 evening, urging the Red Cross to protect hostages being held by Hamas in Gaza.
Thu, Sep 14, 2023
The AUM of the Indian mutual fund industry grew by nearly 19% to touch Rs 46.63 lakh crore as on August 31, up from Rs. 39.33 lakh crore as on August 31, 2022.
Thu, Sep 07, 2023
According to ICRA, it estimates growth in domestic air passenger traffic in FY2024 at 8-13 per cent, thus reaching 150-155 million, surpassing the pre-COVID levels of 141.2 million in FY2020.
Mon, Sep 04, 2023
Implementation of multiple proposed regulatory specifications can push up commercial vehicle prices by 10-12 per cent, ratings agency ICRA said on Monday. In its report on the Indian commercial vehicle industry, ICRA said the domestic automotive industry is undergoing rapid transformations, with increased focus by the government on implementing emission norms, safety systems and other standards that will bring the country to par with other major automotive markets.
Tue, Aug 22, 2023
India's economic growth will accelerate to 8.5 per cent in the April-June period of the current fiscal from the 6.1 per cent growth rate witnessed in the preceding January-March quarter, Icra Ratings said in a report on Tuesday.
Wed, Aug 16, 2023
ICRA believes that the ongoing 5G roll-out entails densification of the network and sizable deployment of fibre, which is likely to increase the capex intensity in the near to medium term.
Thu, Aug 03, 2023
The company continued to ride on the buoyant credit demand, reflecting robust growth for ratings leading to higher fee income.
Tue, Jul 25, 2023
The growth will be supported by an 8-10 per cent expansion in the domestic market and a 6-8 per cent rise in the US market, while revenues from the European and emerging markets are expected to increase by 3-5 per cent and 8-10 per cent, respectively.
Thu, Apr 27, 2023
The rating agency pegs the domestic tyre demand growth at 6-8 per cent for FY2024, supported by stable growth in the replacement segment and sustained demand momentum in the OEM segment, Icra said in a statement.
Mon, Apr 17, 2023
The Indian road logistics industry's revenue growth is pegged at a high single-digit on an elevated base of FY2023, Icra said, adding that the outlook is stable.
Wed, Apr 12, 2023
Domestic passenger traffic stood at 1.30 crore in March this year, a growth of around 22 per cent from March 2022 volume of 1.06 crore, said Suprio Banerjee, Vice President, ICRA.
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.
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