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5G rollouts on in select pockets but backhaul infra to cost Rs 3 lakh cr over 4-5 yrs: ICRA
ICRA noted consistent "healthy improvement" in operating metrics of telcos but added that debt levels continue to remain high and seen at around Rs 6.3 lakh crore as on March 31, 2023
Domestic air passenger traffic logs estimated 83 per cent growth in April, says ICRA
Indian carriers had flown around 11 million passengers in April 2019
India's real GDP likely to maintain 9% growth rate in FY2022, FY2023 amid Omircon threat: Icra
The rating agency believes that rising consumption will push capacity utilisation above the crucial threshold of 75% by the end of 2022
ICICI Bank shares rise by over 14% after record high quarterly profit
Total income also rose to Rs 26,031 crore in July-September period of 2021-22, as against Rs 23,651 crore in the same quarter of the previous fiscal year, ICICI Bank said in a regulatory filing
COVID-19 second wave derailed recovery momentum of Indian auto industry, says ICRA report
The domestic two-wheeler volumes in 2021-22 are expected to grow 10-12 percent now as against 16-18 percent earlier while the passenger vehicle segment may see 17-20 percent growth now as against 22-25 percent expected earlier, the rating agency said
GDP to be in growth territory in Oct-Dec, signifies exit from COVID-induced recession, says ICRA report
Private consumption and government spending will help the economy post a turnaround during the December quarter and the GDP will grow 0.7 percent, the ratings agency said
WPI-based inflation rises to 2.03% in January on non-food manufactured items, food prices ease
ICRA principal economist Aditi Nayar said a deeper disinflation in primary food articles helped to cushion the impact of the sharp rise in core inflation, which reached a 27-month high of 5.1 percent in January
Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 lakh cr in FY21: ICRA
Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry
Coronavirus Lockdown: ICRA expects GDP to contract by 20% in June quarter; 2% fall in current fiscal
After the government announced graded relaxations in the lockdown, domestic rating agency ICRA on Monday estimated that the country's GDP might contract by as much as 20 percent in the June quarter and is expected to overcome some lost ground in the remainder of the year but still close 2020-21 down by up to 2 percent
Ahead of Akshaya Tritiya, gold jewellery retail industry to be credit negative in short term due to lockdown: ICRA
The coronavirus outbreak and the lockdown ahead of Akshaya Tritiya is a credit negative for the gold jewellery retail industry in the short term, according to ICRA
Passenger vehicle dispatches likely to decline by 10-12% in ongoing fiscal due to Covid-19 : ICRA
Domestic passenger vehicle (PV) dispatches are likely to decline by 10-12 percent in the current financial year due to COVID-19 pandemic, rating agency ICRA said on Friday
Coronavirus Outbreak: Analysts flag economic growth concerns post-lockdown extension
The 19-day extension of the lockdown on Tuesday by Prime Minister Narendra Modi led analysts to flag concerns over its economic impact, with some estimating a GDP contraction of 1 percent in FY21 as well
Coronavirus Outbreak: ICRA maintains negative outlook for construction sector for near term
Ratings agency ICRA has maintained a negative outlook for the construction sector for the near term, with revenues and order flows being significantly impacted in Q1 of the current fiscal due to the COVID-19 crisis
Coronavirus Outbreak: Gross state borrowings to touch Rs 7.8 lakh cr in current fiscal, says ICRA
ICRA has said states with the higher patient count, returning migrant labour, as well as a greater dependence on GST compensation, will face the sharper risk of fiscal slippages this fiscal
Coronavirus Outbreak: Commercial vehicle sales likely to contract 8-10% further in FY21, says ICRA
The agency said it continues to maintain a negative outlook for the commercial vehicle segment over the near-term.
Coronavirus Outbreak: Supply chain shock will have negative impact on Indian auto component sector: ICRA
Rating agency ICRA on Friday said the supply chain shock due to the coronavirus pandemic will have a negative impact for Indian auto component industry
Coronavirus Outbreak: ICRA says credit quality of Indian firms worsened in FY20; warns increase in stressed assets in FY21
Domestic credit rating agency ICRA said credit quality of Indian companies worsened in the fiscal year 2019-20 as it downgraded Rs 7 lakh crore of debt and warned of "unprecedented strain" on credit profiles of corporates due to the coronavirus pandemic
Coronavirus Outbreak: GDP likely contract by 4.5% in Apr-Jun quarter; will grow by just 2% in 2020-21, says ICRA
Despite the Reserve Bank of India's (RBI) massive actions to spur the economy, India's gross domestic product (GDP) is likely to contract by 4.5 percent in the April-June 2020 quarter and will rise by only 2 percent in 2020-21 on the coronavirus impact, according to domestic rating agency ICRA
ICRA says Yes Bank still requires up to Rs 13,000 cr in 1-2 years, upgrades various bond programmes
Even as Yes Bank''s capital position has improved considerably after fund infusion under its reconstruction plan, it will require an additional Rs 9,000-Rs 13,000 crore in the next 1-2 years, ratings firm ICRA said on Wednesday
Coronavirus Outbreak: ICRA downgrades Indian hospitality sector from stable to negative outlook; hotel occupancy falls over 40%
ICRA expects the travel and tourism industry to witness one of the longest tail periods of impact, potentially running into multiple quarters, following the COVID-19 wave.