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Services sector to drive GDP growth to 4.9 pc in Q4 FY23: Icra

Icra estimates the services gross value added (GVA) year-on-year growth to have risen mildly to about 6.4 per cent in…

May 26, 2023 17:26 IST

Auto dealers’ revenue to grow by upto 13% in FY2024 says ICRA

The report further states that in the last two years, the inventory levels for automobile dealers declined, given the impact…

May 18, 2023 12:08 IST

State govt’s FY24 borrowings seen lower due to off-balance sheet debt: Sources

The off-balance sheet borrowings incurred after fiscal year 2021 will continue to be adjusted over the next three financial years,…

Updated: May 4, 2023 13:54 IST

Indian road logistics industry to clock high single-digit growth this fiscal: Report

The Indian road logistics industry’s revenue growth is pegged at a high single-digit on an elevated base of FY2023, Icra…

Updated: April 17, 2023 15:45 IST

Retail loan in India, NBFCs, lenders, loan growth, HDFC Bank, HDFC Shares, Reserve Bank of India, ICRA, Loan Securitisation, FY23, HDFC Bank Merger, rating Agency data on loan growth, pass-through certificate (PTC), Direct Assignments (DA)

Securitisation volume may fall 15-20%

The merger proposal of HDFC with HDFC Bank has received the approval from NCLT, and is likely to be completed…

April 15, 2023 02:00 IST

Earnings of primary base metal players to remain weak in near-term: ICRA

ICRA expects the “primary base metal industry’s earnings to weaken significantly in FY2023 and remain so in the near-term, owing…

Updated: April 4, 2023 15:45 IST

Despite export headwinds Indian auto component makers to post 5-8% growth in FY2024 says ICRA

The rating agency expects a YoY improvement of 100-150 bps in operating margins in FY2024 with the same returning to…

March 29, 2023 16:08 IST

Strengthening of dollar weighs heavy on auto exports from India

The exports were mainly dominated by two-wheelers which included 3,029,006 motorcycles and 374,014 scooters, taking the two-wheeler exports to 3,406,548…

Updated: March 28, 2023 12:38 IST

India Inc’s profit margin narrows in December quarter on high inflation: Icra

When viewed sequentially, the operating profit margin for the December quarter expanded by 1.80 per cent over the preceding September…

February 27, 2023 17:58 IST

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Data centre capacity to jump sixfold in 6 years: Icra

According to the ratings firm, Mumbai, Hyderabad and NCR will account for 70-75% of the installed data centre capacity.

February 22, 2023 02:30 IST

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‘Road & logistics sector expected to grow 11-13% in FY23, margins to moderate’

“The growth is supported by the base effect to an extent, given that FY2022 had a weak first quarter due…

January 4, 2023 00:15 IST

Domestic demand for finished steel to grow 8 pc this year: Icra

Supported by the government’s infrastructure-led growth model, domestic finished steel demand has registered a double-digit growth of 11.9 per cent…

December 21, 2022 17:56 IST

Banks raising rates, NBFCs, Borrowing costs, rbi,

Banks raising rates in sync with policy – NBFCs’ borrowing costs to rise further: Analysts

A large number of these shadow lenders cannot raise public deposits

December 16, 2022 04:45 IST

All-India electricity demand may grow 7 pc to 1,480 BU in FY23: Icra

In the preceding 2021-22 fiscal, the all-India power demand was at 1,380 BU, the ratings agency said on Monday.

December 12, 2022 18:53 IST

18 States’ capex may be 23% lower than FY23BE: Icra

The 18 states had budgeted their capital outlay at Rs 6.2 trillion in FY23BE, a sharp 37.8% higher than the…

December 1, 2022 05:00 IST

India’s Q2FY23 GDP to fall by half from Q1, still beat RBI’s estimate; services, capex to cushion downfall

The slight jump in GDP growth is also backed by investment-related indicators such as the output of capital goods, infra\construction…

November 21, 2022 17:34 IST

fiscal space for capex, capital expenditure,

States have ample fiscal space for capex, yet FY23 target may be missed: Icra

Muted outgo in early months indicate capex of 13 large states to be 7% less than FY23BE

October 14, 2022 01:15 IST

13 major states have fiscal space for Rs 7.4 lakh cr capital spending in FY23: Icra

The 13 states, having nearly 85 per cent share in India’s GDP in 2020-21, had made a capital expenditure of…

October 13, 2022 14:56 IST

Corporate credit quality improves in H1: Reports

According to Icra, upgrades were concentrated in real estate, textiles, financials, engineering, construction and roadways, which accounted for almost half…

October 4, 2022 00:05 IST