Higher sales of anti-infectives, further supported by price increases taken to offset raw material cost inflation, aided the overall IPM growth of 14.6 per cent in FY2022
The interest coverage ratio for the agency's sample adjusted for sectors with relatively low debt levels like IT, FMCG and pharma witnessed a moderation in Q3FY23 to 4.3 times from 5.1 times on a sequential basis
Rating agency Icra has revised down the outlook on the toll road sector to stable from positive for FY24, citing the easing wholesale price inflation which fell to 4.95% in December 2022
"At 149 million square feet (msf), the reported sales in Q3 FY2023 in the top seven cities in India is the highest quarterly sales recorded in over ten years," ICRA said in a statement
The volume growth would be on account of government infrastructure spending, replacement demand, back-to-school and office scenarios and e-commerce expansion
The RBI has hiked rates in five consecutive policy reviews since May 2022 in order to curb inflation
The industry's loss in the current financial year is projected to be Rs 11,000 crore to Rs 3,000 crore and reduce to Rs 5,000 to Rs 7,000 crore in the next fiscal, Icra said in a report
Ethanol blending in petrol has been gradually increasing in the last several years, and India achieved 10 per cent ethanol blending in 2022, according to ICRA
Indian IT services companies have witnessed a moderation in growth in the last two quarters in constant currency terms owing to the base effect and evolving...
The full scale 5G deployment across the country will entail densification of the network and thereby sizeable investments in fiberisation, it contended
According to the agency, the demand sentiments for a majority of the automotive segments such as passenger vehicles, commercial vehicles and tractors have...
The agency also said the Centre is expected to peg its FY24 fiscal deficit at 5.8 per cent of the GDP, a healthy moderation from 6.4 per cent of GDP projected...
The revenues for a sample set of 16 Indian pharmaceutical firms are expected to grow by 4-6 per cent in FY2023
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ICRA has also maintained a 'Negative' outlook on the Indian aviation industry
Rating agency ICRA, in its recent research report, has cited that given the Indian IT services industry generates about 60-65 per cent of revenues from the US...
ICRA further said it expects revenue growth of the Indian road logistics sector at a higher single digit for F24 over FY23 on an elevated base and continuation...
According to Crisil, since 2016, 19 InvITs have been registered in India and these include 11 from the roads sector of which nine have been floated or are set...
Supported by the government's infrastructure-led growth model, domestic finished steel demand has registered a double-digit growth of 11.9 per cent in the...
The agency expects asset quality to improve to a decadal best of 4 per cent from a gross non-performing assets (NPAs) perspective by the end of FY24
According to ICRA Ratings, retail-focused NBFCs are expected to grow 12-14 per cent while the housing finance companies may grow by 10-12 per cent
ICRA said it expects textile companies to report healthy growth in turnover in FY23 while the margins are expected to moderate amidst cost pressures
The government's strong infrastructure push, and an expected pick-up in private capex will play a crucial role in determining whether India is able to achieve...
With the RBI cancelling the licenses of co-operative banks, of late, the latest being Laxmi Co-Operative Bank, you would be genuinely worried about the safety...
The revenue increase is expected on the back of a stable demand and gradual easing of supply-chain issues in 2022-23
Corporation's shareholding in Siemens Ltd has diluted from 25,623,599 to 18,412,652 equity shares, decreasing its shareholding from 7.195 per cent to 5.170 per...
