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Cement companies' profitability to moderate in FY27 on rising fuel, logistics costs: ICRA

In FY27, Indian cement manufacturers are anticipated to experience a notable dip in profits, ranging from 10-15%. The escalating prices of power and fuel, fueled by geopolitical tensions in West Asia, are set to exert a financial pinch. Although cement prices are likely to rise, they will not fully bridge…

The Economic Times · May 20

ICRA lowers India's FY27 GDP growth estimate to 6.2%

Rating agency ICRA has revised India's FY27 GDP growth forecast down to 6.2% from 6.5% due to elevated crude oil prices stemming from the West Asia crisis. For FY26, growth is estimated at 7.5%. Q4 FY26 GDP growth is expected to slow to 7% amid moderating industrial and services sectors,…

The Economic Times · May 19

Ola Electric infuses Rs 2000 crore in EV and cell manufacturing

Ola Electric Mobility has approved a Rs 2,000 crore investment into its EV and battery manufacturing subsidiaries to boost localisation and vertical integration. This capital infusion aims to strengthen its core EV business and scale up battery operations amid rising competition and profitability concerns.

The Economic Times · May 15

T.N. emerges top borrower in 2024 for the fourth successive year, says ICRA report

Tamil Nadu emerges as top borrowing state with ₹1,13,000 crore gross market borrowings in fiscal 2023-24.

The Hindu · Mar 31, 2024

Domestic Air Passenger Traffic Rises By 3 PC In November

The domestic air passenger volume registered 3 per cent growth in November 2022 at 117 lakh compared to 114 lakh registered in the previous month, rating agency ICRA said on Monday. Read on for details:

Dynamite News · Dec 12, 2022

Domestic passenger traffic touched 93 % of pre-Covid levels in November, international at 81%

MUMBAI: The Indian airline industry is yet to cross the pre-pandemic passenger traffic numbers, but it's well on its way to recovery what with domestic passenger volumes reaching 93% of pre-Covid levels though international passenger traffic continues to struggle, touching only 81 % in November 2022, according to credit rating…

The Times of India · Dec 8, 2022

International air passenger traffic robust: ICRA

NEW DELHI

The Hindu · Sep 15, 2022

India’s current account deficit to widen to 5% in Q2, 3.5% in FY23: ICRA

The trade deficit has doubled to $28.7 billion for August due to a 36.8% expansion in imports and a 1.2% decline in export earnings.

The Hindu · Sep 6, 2022

To boost spending, Centre releases ₹1.16 lakh crore to States

Two months’ tax dues remitted in one go to ease States’ fiscal constraints after GST compensation sunset

The Hindu · Aug 10, 2022

Wholesale price rise eases to three-month low at 15.2% in June

Food inflation surges; no change in overall price levels month-on-month

The Hindu · Jul 14, 2022