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Duty hike likely amid surge in steel imports; DGTR notifies anti-dumping investigation

December 23, 2024 9:27 am

Rating agency ICRA had said that the domestic steel industry’s capacity utilisation in 2024–25 could fall below 80 per cent for the first time in four years due to the surge in imports

India Inc revenue growth, ICRA, Rating agency ICRA, operating profit margin, material costs, indian express news

India Inc revenue growth may taper sequentially in first quarter of FY2025: ICRA

June 18, 2024 7:52 am

“Evolution of the global economic scenario and the onset and intensity of the monsoons in India, would remain a key monitorable over the near term,” ICRA said.

Volumes of domestic mining, construction equipment industry may drop in FY25: Report

April 18, 2024 1:25 pm

"ICRA expects FY2025 to see a 12-15 per cent year-on-year decline (which translates into volumes of 1.14-1.18 lakh units)," the rating agency said in a statement.

Domestic consumption demand, Govt capex lent support to India Inc's credit profile: ICRA

April 01, 2024 1:59 pm

Aviation, hospitality, auto and auto components, and banks were the few sectors in 2023-24 where the rating upgrades were induced mostly by industry tailwinds.

India’s air traffic to see robust growth in FY25, airlines’ financials seen improving, says ICRA

March 06, 2024 6:35 pm

As per ICRA’s forecast, domestic air traffic for the current financial year ending March 31 is estimated to grow 8-13 per cent year-on-year (YoY) to 15-15.5 crore, and similar rate of growth is expected in FY'24.

Domestic air passenger traffic to surpass pre-Covid levels to reach 150 million this fiscal: Icra

March 06, 2024 3:11 pm

Icra also projected a significant reduction in industry's net loss for the next two fiscals and was also of the view that supply-chain challenges and engine failure issues may remain near-term headwinds.

ICRA expects Indian airlines’ FY24 net loss to shrink by up to 82% on healthy traffic, yields

December 19, 2023 5:10 pm

On the risks from elevated jet fuel prices and rupee depreciation, the ratings agency said that both have a “major bearing” on Indian carriers’ cost structure.

Though its estimate is higher than the RBI's forecast of 8.1 per cent, Icra's chief economist Aditi Nayar said the second half of the fiscal is likely to witness headwinds, which will prove a dampener.

Icra estimates India's GDP growth at 8.5% in Q1; maintains FY24 forecast at 6%

August 22, 2023 2:51 pm

India's economic growth will accelerate to 8.5 per cent in the April-June period of the current fiscal from the 6.1 per cent growth rate witnessed in the preceding January-March quarter, Icra Ratings said in a report on Tuesday.

State Bank of India plans infra bond issue to raise Rs 100 billion, say bankers

July 20, 2023 12:47 pm

State Bank of India (SBI), the country's largest lender, plans to raise up to Rs 100 billion ($1.22 billion) through the sale of infrastructure bonds maturing in 15 years, three bankers said.

Economists welcome RBI’s move to keep repo rate unchanged but warn of another rate hike

April 07, 2023 10:28 am

Economists welcomed the RBI's “surprise move” to keep the repo rate unchanged but also warned that another rate hike "could be in the offing" if inflation does not come down.