Page 5 of ICRA

However, the decline in the output of key kharif crops such as paddy and flagging external demand pose risks to growth and remain the key monitorables, she said.

Icra maintains 7.2 pc GDP forecast for FY23

The RBI is widely believed to again lower its growth forecast at its September 30 monetary policy review from the…

September 28, 2022 18:30 IST

Higher EV penetration to drive major investment in cell manufacturing says ICRA

Given the incremental demand from various applications and future growth prospects, ICRA estimates investments in cell manufacturing to exceed Rs…

September 1, 2022 16:08 IST

Indian CV industry to clock upto 15% growth in FY2023 says ICRA

The research agency expects an improvement in the financial performance of CV OEMs over the near term, led by both…

August 19, 2022 10:41 IST

Facilities worth Rs 35,000 crore rated by Icra could be downgraded post RBI FAQs

The top five sectors which stand to be affected by the central bank’s diktat are power, healthcare, engineering, construction and…

August 10, 2022 14:33 IST

We expect substantial growth in the HORECA and Ecommerce segments: Akshali Shah, ED, Parag Milk Foods

E-commerce has evolved as a very fast-expanding segment that is now dominating the entire distribution.

July 30, 2022 16:41 IST

Domestic coal prices to remain high in current quarter as well: Icra

The domestic e-auction premium on coal increased by over 400 per cent in May, thereby adversely impacting the cost structure…

July 14, 2022 16:31 IST

Metro projects to generate Rs 80,000-cr business opportunities for construction companies: ICRA

The domestic metro rail projects will provide business opportunities worth Rs 80,000 crore for construction companies over the next five…

June 21, 2022 15:45 IST

The rise was aided by a conducive base (the second Covid wave had struck the nation in the first quarter of the last fiscal). The monitor includes high-frequency gauges relating to 14 industrial and service sectors.

Rating agency Icra expects India’s Q1 GDP growth to hit 12-13%

However, for the full year (FY23), the agency has forecast 7.2% growth, thanks to the ripple effect of the Ukraine…

May 18, 2022 02:19 IST

Public debt may jump in the short term

The impact of the rate hike cycle commenced by the Reserve Bank of India to control runaway inflation will be…

May 16, 2022 03:00 IST

Still, the index grew for the first time in three years in FY22.

Fragile nature of economic recovery: IIP growth inches up to 1.9% in March

In signs that both private consumption and investment are yet to turn the corner on a sustainable basis, growth in…

May 13, 2022 04:45 IST

‘Higher coal imports may push power supply cost for discoms by 4.5- 5 pc in FY23’

On May 5, Ministry of Power (MoP) issued a directive under Section 11 of the Electricity Act, stating that all…

May 10, 2022 15:09 IST

Increasing preference for home ownership, improved affordability, all-time-low home loan interest rate, among other factors, will be driving growth for the sector. The larger and reputed builders with better delivery track record will continue to gain market share.

ICRA report: FY23 outlook for real estate revised to stable

The healthy sales momentum is expected to sustain, with the sales in top seven cities expected to grow by 3%…

April 23, 2022 05:15 IST

ICRA revises outlook for residential real estate to stable for FY23

The revision in the outlook has been “supported by multi-year high sales which in turn is driven by increasing preference…

April 22, 2022 16:45 IST

Also, delinquencies from some retail accounts restructured under the Reserve Bank of India’s (RBI) Covid-resolution schemes may have increased in March.

EMI bounce rates inch up in March as inflation pinches, moratoria end

In value terms, the bounce rate stood at 22.8%, up 36 bps from February 2022.

April 22, 2022 05:30 IST

NBFCs securitisation volumes to rise 20-25% in FY23, says ICRA

Rating agency ICRA also expect the securitisation market to be largely dominated by the retail asset class which would account…

April 19, 2022 02:00 IST

Accordingly, the total devolution exceeded the original FY2022 BE by around Rs 2.2 trillion, following a better-than-estimated tax revenue out-turn for the GoI.

Updated estimates of devolution could boost states’ capex

If the GoI reverts to the earlier practice of releasing 7.1% of the budgeted tax devolution (Rs 8.2 trillion) to…

April 16, 2022 06:30 IST

ICRA Analytics has emerged as the top exporter of IT-enabled services (ITeS) with less than Rs 100 crore turnover for the financial year 2020-21 in West Bengal.

ICRA Analytics to add more delivery centres in India from 4 at present

The subsidiary of rating firm ICRA Ltd currently has delivery centres in Kolkata, Delhi NCR, Chennai and Mumbai.

April 13, 2022 17:06 IST

Construction equipment sales slow down by as much as 12% in FY22

In a recent report, Icra said there has been a 10-20% increase in prices of construction equipment, mainly due to…

April 6, 2022 05:00 IST

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ED arrests WinZO founders Saumya Singh Rathore, Paavan Nanda over money laundering charges

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The Enforcement Directorate has arrested WinZO’s co-founders in Bengaluru for money laundering in the online gaming industry. They were granted one-day custody and the agency has raided other offices for alleged algorithm manipulation and crypto links. Rs 43 crore is under scrutiny and the ED claims that refunds should have been made.

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