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

New Delhi, Jan 18 | Even as the healthcare sector witnessed squeezing of revenues due to the Covid-19 pandemic, its long-term outlook remains stable...

Momentum for non-ferrous metal prices to continue for 12-15 months: ICRA

Mumbai, Jan 9 | Favourable momentum for non-ferrous metal prices is likely to continue for the next 12-15 months, ratings agency ICRA said in...

Strong recovery in oil and gas volumes likely in FY22: ICRA

Mumbai, Jan 9 | The domestic demand for petroleum products is expected to increase at a healthy rate of 8 to 10 per cent...

NBFCs growth expected to revive in FY2022: ICRA

New Delhi, Jan 6 | AUM growth of non-banking companies, including NBFCs and HFCs, are expected to revive in FY22 to about 7-9 per...

Adequate order book to boost construction companies’ FY22 performance: ICRA

New Delhi, Jan 5 | Adequate order book position, along with strong pipeline of projects and government measures, are expected to boost construction companies'...

Steady provisioning to soften impact of slow infra credit resolution: ICRA

New Delhi, Jan 4 | Given the Covid-induced disruption, the trajectory of total infrastructure credit in India (banks and infrastructure finance non-bank companies) slowed...

Low base, leisure travel to lift FY22 domestic air passenger traffic:...

New Delhi, Jan 4 | Low base, along with rising leisure travel and gradual opening up of corporate offices, will accelerate the growth of...

Better asset quality to drive banks’ credit, earnings in FY22: ICRA

New Delhi, Dec 28 | Improved asset quality, along with lower credit provisions, could drive better profitability for banks and rejuvenate their lending decisions,...

Mandatory switch to PNG for Delhi industries credit positive for CGDs:...

New Delhi, Dec 26 | The Centre's new directive for industrial units in Delhi to switch over to PNG (piped natural gas) owing to...

India’s FY21 GDP to contract by 7.8%: ICRA (Lead)

New Delhi, Dec 17 | India's FY21 GDP is expected to contract at 7.8 per cent, ratings agency ICRA said on Thursday.As per the...

India’s FY21 GDP to contract by 7.8%: ICRA

New Delhi, Dec 17 | India's FY21 GDP is expected to contract at 7.8 per cent, said ratings agency ICRA on Thursday.According to the...

RBI’s draft NBFC dividend policy unlikely to impact most players: ICRA

Mumbai, Dec 10 | The Reserve Bank of India's draft circular on dividend distribution by NBFCs is unlikely to impact most of the industry...

Domestic poultry industry likely to post healthy FY21 profits: ICRA

New Delhi, Dec 7 | The domestic poultry industry is expected to post healthy profits during FY21 after a near washout in profits in...

India’s aviation industry’s expected FY21 net loss at Rs 210 bn:...

New Delhi, Dec 3 | India's aviation industry is expected to report a net loss of Rs 210 billion in FY21, credit rating agency...

IWG recommendations could make banking attractive to private players: ICRA

New Delhi, Dec 3 | The recommendations made by Reserve Bank of India's internal working group (IWG) on ownership and corporate structure norms for...

Corporate India gradually reverts to normalcy from Q2FY21: ICRA

New Delhi, Dec 2 | The Indian corporate sector has witnessed a gradual recovery back to normalcy after experiencing major Covid-19 pandemic induced disruptions...

Risk premium for Basel III instruments to increase: ICRA

Chennai, Nov 27 | The risk premium for Basel III security instruments is expected to increase for weaker banks with the Reserve Bank of...

Gold jewellery retail industry expects demand recovery in H2FY21: ICRA

New Delhi, Nov 26 | The gold jewellery retail industry expects a demand recovery in H2FY21 driven by higher number of occasions like festivals...

Restocking exaggerated improvement in Oct’s economic performance: ICRA

New Delhi, Nov 24 | Restocking activity ahead of the festive season to satisfy pent-up demand had exaggerated the pace of improvement recorded by...

India’s Q2FY21 GDP contraction expected at (-)9.5%: ICRA

New Delhi, Nov 19 | As the economy recovers from the lows of pandemic-induced lockdown, the year-on-year contraction in India's GDP is expected to...

CV segment outlook remains negative, FY21 volumes to drop: ICRA Ratings

New Delhi, Nov 4 | ICRA Ratings on Wednesday said the outlook for the commercial vehicles (CV) segment remains 'Negative' on the back of...

Hotel industry’s recovery to pre-Covid levels profits 3 yrs away: ICRA

New Delhi, Oct 24 | The Indian hotel industry's recovery to pre-Covid levels profits is at least three years away, ratings agency ICRA has...

Bulk tea companies may see material improvement in FY21: ICRA

New Delhi, Oct 22 | Bulk tea companies are expected to witness material improvement in FY21 over the previous year, on the back of...

Expect continued government support to sugar sector: ICRA

New Delhi, Oct 20 | Ratings agency ICRA expects continued government support to the sugar sector due to surplus availability in the market.It expects...

Pandemic-hit fashion retailers to see revenue dip 35-42%: ICRA

New Delhi, Oct 6 | The coronavirus outbreak has adversely impacted the credit profile of the Indian retail industry as consumers deferred their discretionary...

Logistics growth to be driven by e-com among other sectors: ICRA

New Delhi, Oct 5 | The near-term growth of the Covid-19-battered logistics sector is expected to be driven by specific segments like e-commerce, ratings...

FY21 central tax devolution to states expected to fall by over...

New Delhi, Oct 2 | Ratings agency ICRA has estimated that central tax devolution (CTD) to the states will be 36.2 per cent lower...

Electric vehicles penetration to remain low in medium term: ICRA

New Delhi, Sep 21 | Absence of strong direct and indirect financial stimulus from the government to encourage electric vehicles (EVs) adoption will restrict...

Govt’s stake divestment to be credit negative for PSBs: ICRA

New Delhi, Sep 17 | The proposed divestment of the Centre's majority stake in certain PSBs will be credit negative for these lenders, ratings...

Sustained recovery, loan restructuring to save India Inc’s credit profile: ICRA

New Delhi, Sep 9 | Sustained sequential recovery, along with potential relief from loan restructuring, could prevent further weakening of India Inc's credit profile,...

Tile players’ turnover likely to decline 15-25% in FY21: ICRA

New Delhi, Sep 7 | The Covid-19 pandemic has exacerbated weakness in the domestic tile demand, following the negative impact on its end-consumer industry,...

PNGRB may allow restoration period for city gas providers: ICRA

New Delhi, Sep 7 | Apart from the new 'Force Majeure' (FM) guidelines, the Petroleum and Natural Gas Regulatory Board may allow for a...

Covid-19 to impact housing credit growth, dent HFCs: ICRA

New Delhi, Aug 20 | The Covid-19-induced slowdown is likely to pull down the growth of housing credit, thereby impacting housing finance companies (HFC).As...

Delhi’s EV policy 2020 to trigger faster EV penetration: ICRA

New Delhi, Aug 18 | Subsidies offered under the Delhi government's recent electric vehicle (EV) Policy 2020 for retail consumers could trigger faster EV...

Minimal impact of Covid-19 on Indian pharma industry: ICRA

New Delhi, Aug 7 | The domestic pharma industry is expected to grow at a 4-6 per cent in FY-2021 owing to Covid impact,...

Two-wheeler volumes could contract by 16-18% in FY2021: ICRA

New Delhi, Aug 7 | Two-wheeler industry unit sales are now likely to decline between 16 and 18 per cent to around 17 million...

Banks, NBFCs’ asset quality risks remain elevated: ICRA

New Delhi, Aug 5 | Asset quality risks for banks and NBFCs remain elevated despite the recent decline in loans under moratorium, ratings agency...

MFIs see gradual ramp-up in collections: ICRA

New Delhi, July 21 | Even though impacted by economic turmoil due to Covid-19, the country's microfinance institutions or MFIs have reported better-than-expected collection...

ICRA revises FY2021 GDP contraction further downwards to 9.5%

New Delhi, July 16 | Rating agency ICRA has revised downwards its forecast of India's 2020-21 GDP contraction to 9.5 per cent from an...

Repetition of Chinese “V-shaped” recovery in Indian PV industry ruled out:...

New Delhi, July 14 | The repetition of a Chinese "V-shaped" recovery in the Indian passenger vehicle (PV) industry has been ruled out, ...

Covid-hit Indian IT services sector heads for deep downturn: ICRA

New Delhi, July 13 | The simultaneous supply and demand shocks owing to the coronavirus pandemic has hit the Indian IT services sector hard...

Auto component sector’s revenues estimated to decline by 14-18% in FY21:...

New Delhi, July 10 | Indias auto component sectors revenues are estimated to decline by 14-18 per cent in FY2021, driven by weak demand...

Petrol-diesel price gap decrease to hasten shift to petrol PVs: ICRA

New Delhi, July 8 | A decrease in the gap between petrol and diesel prices is likely to accelerate the shift towards petrol or...

Pan-India hotel occupancy rate may hit multi-year low: ICRA

New Delhi, July 6 | Ratings agency ICRA expects pan-India hotel occupancy rate to hit a multi-year low in FY2021.According to ICRA's sector report,...

Domestic passenger traffic may de-grow over 40% in FY21: ICRA

New Delhi, July 3 | Rating agency ICRA expects domestic passenger traffic during 2020-21 to de-grow in the range of 41-46 per cent.The rating...

Malls’ operating income could decline 45-60%: ICRA Research

New Delhi, July 2 | Malls' operating income is expected to decline by 45-60 per cent in FY2021, ICRA Research said on Thursday.The Covid-19...

Asset quality of HFCs to worsen, says ICRA ratings

New Delhi, June 26 | ICRA ratings expects the asset quality of housing finance companies (HFCs) to worsen going forward.The agency's aggregated analysis report...

Corporate India’s YoY absolute earnings down 22% in Q4FY20: ICRA

Mumbai, June 18 | Covid-19 gave a heavy blow to corporate India's financial performance in Q4FY20 as absolute earnings contracted by 22 per cent...

Asset quality of affordable HFCs likely to deteriorate in FY21: ICRA

New Delhi, June 10 | The indicators of asset quality, new businesses and profitability of affordable housing finance companies (AHFC) are likely to decline...

Air passenger traffic likely to fall by 45-50% in FY21: ICRA

New Delhi, June 3 | Air passenger traffic is likely to fall by 45-50 per cent in FY21, credit rating agency ICRA said on...

Business

Sensex drops 550 points, holds on to 49,000 (Ld)

Mumbai, Jan 22 | The Indian equity indices plunged on Friday afternoon with the BSE Sensex losing around 550 points.Heavy selling in banking, finance...