ICRA

New Delhi:  Ratings agency ICRA on Tuesday said it expects the Indian economy to maintain a real GDP growth of 9 per cent each in FY22 and FY23, amidst the uncertainty ignited by the fast-spreading Omicron variant of Covid-19. The rating…

New Delhi: Rating agency ICRA on AFriday said the growth momentum lost steam in November 2021 on the back of "some satiation" of pent-up demand as well as supply chain disruptions in parts of south India on account of untimely rainfall.…

New Delhi:  Rating agency ICRA on Monday said higher input costs coupled with softening steel prices are expected to impact steel companies' profitability from Q3FY22. Coking coal is one of the key inputs used in the sector. "Input…

Mumbai: The second wave of the Covid-19 pandemic posed challenges for banks like increase in overdue levels and higher infection rates among employees, impacting collections and resulting in higher slippages and some increase in the…

New Delhi:  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 for H2FY22 which is…

New Delhi: 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…

New Delhi: Imposition of basic customs duty (BCD) on imported solar PV cells and modules will support domestic OEMsm, ICRA said in a note. Earlier, the Centre had approved a proposal to impose a BCD of 25 per cent on imported solar PV…

New Delhi:  The Centre's new directive for industrial units in Delhi to switch over to PNG (piped natural gas) owing to the high levels of pollution is a positive development for city gas distribution (CGD) companies, ICRA said in a note.…

New Delhi: The Indian hotel industry's recovery to pre-Covid levels profits is at least three years away, rating agency ICRA has said. The rating agency said that road ahead for the industry is rough as revenues and margins are expected…

New Delhi: India's economic recovery has "broadened and strengthened" in September from the pandemic-induced lows seen in April 2020, ratings agency ICRA said on Tuesday. ICRA said that as many as nine of the tracked 15 non-financial…