"icra"

Japanese lender SMBC has acquired an additional 4.22 per cent stake in Yes Bank, raising its holding to 24.22 per cent and becoming the largest shareholder. The move coincides with fresh AA- ratings for Yes Bank, signalling stronger governance, capital position, and performance

The Centre has told insurers to pass on GST exemption benefits on life and health policies to policyholders. The move will lower premiums, boost penetration, and improve affordability, though insurers’ margins may face pressure, according to ICRA.

Telangana has emerged as the top State in the country in terms of per-capita Gross State Value Added (GSVA) (at current prices) for financial year 2023-24, a sharp rise from its ninth position in 2014-15. The State’s per-capita GSVA has more than doubled over nine years, from around Rs 1.25 lakh in 2014-15 to about Rs 3.5 lakh in 2023-24

ICRA: Stable Crude Prices Could Lead to Rs 2-3 per Litre Cut in Petrol, Diesel

Credit rating agency ICRA predicts the domestic air passenger traffic to grow at 8-13 per cent in FY24 to touch 150-155 million

 Implementation of multiple proposed regulatory specifications can push up commercial vehicle prices by 10-12 per cent, ratings agency ICRA said on Monday

Mumbai: Bank of Baroda, the second largest state-owned bank, is planning to raise Rs 1,000 crore through issuance of infrastructure and affordable housing bonds on August 12, a source close to the development told IANS. “The likely tenure for the bonds is seven years and have Rs 250 crore as base issue and Rs 750 […]

New Delhi: ‘Green Hydrogen’ policy is expected to support the Renewable Energy (RE) capacity addition targets of the country. At present, ‘Green Hydrogen’ is produced through using renewable energy. On the other hand, ‘Gray Hydrogen’ which is the most commonly used is derived from fossil fuels. The ‘Green Hydrogen’ segment is becoming popular globally but […]

New Delhi: The Centre’s focus on building infrastructure is expected to drive demand for the mining and construction equipment sector in the calendar year 2021, ICRA Ratings said. The ratings agency expects the sector to grow at around 15-17 per cent in 2021, against its earlier estimate of 15-20 per cent. “Patchy monsoons, together with […]

ICRA had made a forecast of 4-6 per cent growth in volumes for FY22; in view of the impact of the second wave, the same has been revised downwards to 1-4 per cent.

States have either completely withdrawn or reduced the concessions or incentives on open access charges.

ICRA noted that despite the short-term headwinds, it expects the domestic auto component industry to register a 20-23 per cent revenue growth in the current fiscal year.

Last week, the Reserve Bank of India (RBI) had projected real GDP growth at 9.5 per cent in 2021-22.

According to ICRA, the recent expansion is a welcome move and is expected to benefit larger hospitality companies.

Two-wheeler segment is expected to be the most impacted, with the target consumer group's affordability and demand sentiment sharply hit by the second wave.

The agency now expects the economy to grow 10-10.5 per cent in 2021-22, against the 10-11 per cent estimated earlier.

Accordingly, this growth will be achieved on a low base following an estimated de-growth of 5-7 percent in FY21.

The very purpose of nationalisation in India — serving the unbanked and under-banked — is yet to be achieved and financial inclusion cannot afford the luxury of complete privatisation

ICRA cited heightened focus on infrastructure spend, particularly in the road infrastructure segment has led to a sharp scale up in volumes since July 2020.

The battle between Reliance and Amazon with the Future Group’s assets as the prize promises a nail-biting finish