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ICRA NEWS

2022 to be a challenging year for tea industry: Assocham-ICRA report

December 09, 2021 5:35 pm

The report said that FY2021 proved to be one of the best years of the Indian tea industry in recent times for the bulk tea industry, but sustainability remains a crucial issue.

Understanding post-second wave fiscal trends

November 05, 2021 7:24 am

Aditi Nayar writes: Formalisation of economy expands tax base, boosts Centre’s coffers, but states might suffer with discontinuation of GST compensation.

ICRA expects 12-14% growth for two-wheeler sales this fiscal

July 01, 2021 4:31 pm

ICRA said it "expects a 12-14 per cent year-on-year growth in two-wheeler (2W) volumes in FY2022, amid an evolving COVID-19 situation".

Icra projects GDP growth at 8.5% in FY22

June 10, 2021 5:49 pm

Icra said if vaccine coverage is accelerated following the re-centralised procurement policy, the GDP expansion in FY2022 may be as high as 9.5 per cent, with a widening upside in Q3 and Q4 of FY2022.

Ensuing tariff hikes to fuel revenue growth, better debt metrics for telcos in FY2022: ICRA

December 21, 2020 5:47 pm

"Next round of tariff hikes are expected soon as the industry debt continues to remain elevated, likely to at Rs 4.7 lakh crore as on March 31, 2022," ICRA said in a release.

Road transport corporations' revenues to contract up to 40% in FY21 due to COVID-19: ICRA

September 16, 2020 3:41 pm

According to ICRA, the most significant challenge ahead for the RTCs after the lockdowns are fully lifted would be to increase passenger movement while containing the spread of the virus, through various measures like regular sanitisation of the buses and provision of protective gear for the staff.

Drop in petrol-diesel price gap to fuel customers' shift towards petrol and CNG cars: ICRA

July 08, 2020 5:35 pm

According to an analysis by ICRA, diesel PV's share is expected to decline to 15-18 per cent in 2021-22 from 29 per cent in 2019-20, the rating agency said in a statement.

Housing finance firms comfortably placed to meet debt obligations, says ICRA report

June 08, 2020 5:49 pm

The total maturing debt of HFCs for 2020-21 is estimated to be Rs 2.9-3.2 lakh crore, of which Rs 1.4 lakh crore is accounted for by debt markets, rating agency ICRA said in the report.

Footwear sector revenue may drop by 10-15% in FY21: Icra

May 06, 2020 5:28 pm

Icra also noted that while volumes would be considerably impacted, a marginal decline in the average selling price (ASP) is also likely due to the expected discounts owing to the companies' inclination to convert the limited footfalls, post Covid-19 into sales to shore up their cash flows while liquidating the inventory.

Lockdown impact: Domestic sugar consumption to fall by at least one million tonne, says Icra

April 27, 2020 5:36 pm

According to rating agency Icra, the national lockdown due to COVID-19 pandemic has adversely impacted the sugar demand, resulting in a decline in the sugar prices to closer to minimum support price (MSP) levels of Rs 31 per kg from Rs 32.5 per kg in February 2020.

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