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Growth Stance: MPC to hold rates despite excess liquidity

Growth Stance: MPC to hold rates despite excess liquidity

🕔13:09, 6.Oct 2021

Mumbai, Oct 6 (IANS) The Reserve Bank of India will retain key lending rates as well as maintain the accommodative stance to support growth during the upcoming monetary policy review, say experts. On the other hand, the central bank might indicate

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ICRA revises India’s FY22 real GDP forecast upwards to 9%

ICRA revises India’s FY22 real GDP forecast upwards to 9%

🕔07:24, 28.Sep 2021

New Delhi, Sep 28  Ratings agency ICRA on Monday revised its real GDP growth forecast for India in FY2022 to 9 per cent from 8.5 per cent. The agency credited the upward revision in the GDP to the brightening prospects

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Continued unlocking accelerates economic recovery in July: ICRA

Continued unlocking accelerates economic recovery in July: ICRA

🕔16:18, 23.Aug 2021

New Delhi, Aug 23  Continued unlocking across the country has accelerated the improvement in various high frequency industrial and service sector indicators during July 2021, said ICRA. According to Aditi Nayar, Chief Economist, ICRA: “With the further easing of the

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Air passenger traffic recovery continued in July: ICRA

Air passenger traffic recovery continued in July: ICRA

🕔17:19, 5.Aug 2021

New Delhi, Aug 5 Domestic air passenger traffic sequentially grew by 56-57 per cent at around 48-49 lakh in July, ratings agency ICRA said. The domestic air passenger traffic stood at 31.1 lakh in June 2021. According to the ratings

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Gujarat discoms shine in MoP’s integrated ratings exercise

Gujarat discoms shine in MoP’s integrated ratings exercise

🕔07:51, 17.Jul 2021

New Delhi, July 17  Four power distribution utilities of Gujarat and one of Haryana have secured the top rating of A+ from credit rating agencies ICRA and CARE in the ninth round of the annual integrated ratings exercise instituted by

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Domestic air pax traffic expected to grow 41-42% sequentially

Domestic air pax traffic expected to grow 41-42% sequentially

🕔15:34, 6.Jul 2021

New Delhi, July 6  Domestic air passenger traffic is expected to have grown at 41-42 per cent sequentially in June, said ratings agency ICRA. Accordingly, the June 2021’s domestic passenger traffic is estimated at 29-30 lakh, implying a sequential growth

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PLI scheme to help India become Aatmanirbhar in APIs : ICRA

PLI scheme to help India become Aatmanirbhar in APIs : ICRA

🕔14:25, 17.Jun 2021

New Delhi, June 17  The government’s production-linked incentive (PLI) schemes for key raw materials such as bulk drugs and formulations, with a total incentive outlay of Rs 210 billion will help the country become Aatmanirbhar, ratings agency ICRA said. As

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Rising solar PV module prices near term headwind: ICRA

Rising solar PV module prices near term headwind: ICRA

🕔14:10, 17.Jun 2021

New Delhi, June 17 The increase in imported photovoltaic (PV) module price level by about 15-20 per cent is likely to impact returns of solar power project developers, ratings agency ICRA said. Accordingly, the price increase has taken place over the

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International prices to help steelmakers tide over 2nd Covid wave: ICRA

International prices to help steelmakers tide over 2nd Covid wave: ICRA

🕔10:04, 13.Jun 2021

New Delhi, June 13  Supportive international prices are expected to help domestic steelmakers tide over the second Covid wave, ratings agency ICRA said. Besides, ICRA expects domestic demand to recover in the coming months with the gradual lifting of lockdowns

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Second pandemic wave derails recovery momentum of India Inc

Second pandemic wave derails recovery momentum of India Inc

🕔20:50, 5.Jun 2021

New Delhi [India], June 5 — Ratings agency ICRA believes that while growth in Q1 FY22 will be optically aided by the extremely low base of previous year, the second pandemic wave has derailed growth momentum. The growth has been

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Infections-restrictions-vaccinations to vary state fiscal outcomes: ICRA

Infections-restrictions-vaccinations to vary state fiscal outcomes: ICRA

🕔19:43, 27.May 2021

New Delhi, May 27  The first GST Council meeting, coming in the midst of second wave of the pandemic, may have to devote a lot of time to find ways to settle the states’ GST compensation requirement for FY22, apart

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Operating margins of sugar companies expected to moderate in FY22: ICRA

Operating margins of sugar companies expected to moderate in FY22: ICRA

🕔14:01, 17.Apr 2021

New Delhi, April 17  The operating margins of sugar companies are likely to moderate in FY22 due to higher production cost and reduced export subsidy, ratings agency ICRA said in a statement. Besides, benefits from improved distillery performance was also

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Asset quality headwinds to impact NBFCs performance in FY22: ICRA

Asset quality headwinds to impact NBFCs performance in FY22: ICRA

🕔06:42, 15.Apr 2021

New Delhi, April 15  Domestic retail-assets under management (AUM) are facing asset quality headwinds which will moderate growth in FY21, ratings agency ICRA said. These headwinds are also likely to affect NBFCs performance in FY22, following resurgence of the Covid-19

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Strong bounce back witnessed for toll road assets: ICRA

Strong bounce back witnessed for toll road assets: ICRA

🕔18:30, 10.Apr 2021

New Delhi, April 10  India’s toll roads are likely to witness a 14-15 per cent growth in collections in FY22, ratings agency ICRA said in a report. Accordingly, this growth will be achieved on a low base following an estimated

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‘Upstream producers continue to bleed as domestic gas prices remain low’

‘Upstream producers continue to bleed as domestic gas prices remain low’

🕔12:33, 3.Apr 2021

New Delhi, April 3  Low natural gas prices have adversely impacted upstream producers’ revenues, profitability and cash accruals, ratings agency ICRA said. Accordingly, domestic gas price notified at $1.79 per mmbtu (GCV basis) for the period H1 FY2022 remains the

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India’s PV industry to post 22-25% growth in FY22: ICRA

India’s PV industry to post 22-25% growth in FY22: ICRA

🕔06:24, 31.Mar 2021

New Delhi, March 31  India’s passenger vehicle industry is expected to post a growth of 22 to 25 per cent in FY22, ratings agency ICRA said on Tuesday. The growth is expected to be achieved after a 2-4 per cent

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India’s consumption, investment demand recovers: Moody’s, ICRA

India’s consumption, investment demand recovers: Moody’s, ICRA

🕔08:13, 26.Feb 2021

New Delhi, Feb 26  Moody’s Investors Service has affirmed a stable outlook for non-financial corporates in India on the back of easing pandemic restrictions, the government stimulus aimed at boosting consumption and investment, and a benign funding environment. Besides, its

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India’s economic recovery in consolidation phase: ICRA

India’s economic recovery in consolidation phase: ICRA

🕔07:15, 24.Feb 2021

New Delhi, Feb 24  India’s economic recovery has entered into a consolidation phase in January 2021, ratings agency ICRA said on Tuesday. The agency said after the broad-based improvement seen in December 2020, the year-on-year (YoY) performance of a majority

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India’s GDP expected to grow by 0.7% in Q3FY21: ICRA

India’s GDP expected to grow by 0.7% in Q3FY21: ICRA

🕔19:02, 16.Feb 2021

New Delhi, Feb 16  India’s GDP is expected to record a year-on-year rise of 0.7 per cent in Q3FY21, thereby ending the recession created by the nationwide lockdown imposed last year to curb the spread of Covid-19, rating agaency ICRA

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Healthcare sector revenues likely to grow by 20% in FY22: ICRA

Healthcare sector revenues likely to grow by 20% in FY22: ICRA

🕔06:55, 19.Jan 2021

New Delhi, Jan 19  Even as the healthcare sector witnessed squeezing of revenues due to the Covid-19 pandemic, its long-term outlook remains stable on the back of swift rebound in occupancy as well as structural factors, ICRA said on Monday.

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