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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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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