Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from ICRA

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

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

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

From analysis to the latest developments in health,
read the most diverse news in one place.

The Rs 3 relief that wasn't: Why investors are dumping oil stocks after long-awaited petrol, diesel price hike

Shares of HPCL and BPCL fell up to 3% despite the first fuel price hike since 2022, as investors worried the increase would not offset mounting losses. Analysts estimate OMCs could still lose nearly Rs 500 crore daily at current crude prices. With Brent crude above $100 and West Asia…

The Economic Times

'Nobody will fly': India's plane versus train battle gets a twist

India's Railway Minister said upcoming bullet trains will dominate short-haul routes like Mumbai-Pune and Bengaluru-Chennai, mirroring global trends. This strategic shift prioritises high-speed rail for premium intercity travel, potentially reshaping India's transport landscape and economic integration by compressing travel times and fostering regional growth.

The Economic Times

India's GDP growth to pick up in third quarter compared to first half of FY25: ICRA report

The report stated that this optimism is based on improving economic indicators and robust activity levels in various sectors. Read further on Dynamite News:

Dynamite News

India Growth Slows To 6.7% On Lower Consumer Spending

India's economic growth slowed to 6.7 percent on-year in the April-June quarter, official data showed Friday, as lower government outlays and lacklustre consumer spending weighed on the world's fifth-largest economy.

International Business Times

Read news from The Economist, FT, and more,
with one subscription

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

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

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

International air passenger traffic robust: ICRA

NEW DELHI

The Hindu

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

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

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

Get all your
news in one place.

100's of premium titles.
One news app.

The Hindu

International air passenger traffic at 79% of pre-COVID levels: ICRA

Domestic passenger traffic, though, declined in June

The Hindu

No hike in small savings rates

Belies hopes of a hike amid surge in inflation and government bond yields

The Hindu

Longer tenure bonds accounted for 48% of Tamil Nadu’s borrowing mix in FY22

‘Stock of T.N.’s State Development Loans stood at ₹4.7 lakh crore as on March 31, 2022’

The Times of India

Imported coal to push up power tariffs, discom cash gap: Icra

NEW DELHI: The power ministry’s directive on 10% blending of domestic coal with imported fuel for generating electricity to meet rising demand is expected to push up tariff by 4.5% and widen the cash gap of discoms (distribution companies) to 68 paise per unit from an earlier estimate of 50…

Get all your
news in one place.

100's of premium titles.
One news app.

The Times of India

Gold jewellery consumption likely to grow 11% in FY23: Report

MUMBAIL India's gold jewellery demand is likely to grow steadily at 11 per cent during the current financial year due to strong retail performance last year, according to a report.

The Hindu

Core sectors’ growth slows to 4.3% in March

Coal production shrinks; industrial output growth in the month expected to be 2.5%-3.5%

The Times of India

Icra cuts FY23 GDP growth estimate sharply to 7.2% on Ukraine conflict impact

MUMBAI: Domestic ratings agency Icra on Tuesday cut its FY23 real GDP growth estimate by a sharp 0.8 per cent to 7.2 per cent, primarily driven by the fallout of Russian invasion of Ukraine.

The Times of India

New rating assignments in investment grades instruments improve: Report

MUMBAI: Since June 2019 when Sebi had issued a wider set of disclosure norms for external credit rating agencies (ECRAs), new rating assignments in investment grades instruments have improved from 25.3 percent in FY19 to 60 per cent in January 2022, reflecting the improved corporate health in investment category, says…

The Hindu

AAI estimates full passenger recovery by end of FY23

Close to 19,200 lost jobs at airlines, airports, cargo and ground handling companies during Covid-19: MoS Singh

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.