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ICRA: Renewable Energy Generation Capacity Addition To Touch 16 GW In FY'23

The country's renewable energy capacity addition is estimated to touch 16 GW in the next financial year in view of the strong pipeline of 55 GW clean energy projects, according to ICRA. "The outlook for the capacity addition in the Renewable ...

ICRA Ups Q2 GDP Growth Estimate To 7.9 Per Cent

A jump in government spending in September has led Icra to upgrade its GDP growth estimate for the second quarter of FY2021-22 to 7.9 per cent, according to a release. The domestic rating agency's earlier estimate for real GDP growth for ...

ICRA Continues To Maintain Negative Credit Outlook On Aviation Industry

The outlook reflects ICRA's view that the financial performance of Indian airlines is likely to remain weak in the near-to-medium term amidst weak air traffic, following continued restriction on international travel and subdued demand for domestic travel, owing to the rise ...

Auto Component Suppliers To See 70% Dip In Operating Profits In Q1 Due To COVID Restrictions: Icra

Auto component industry is likely to witness a 70 per cent decline in operating profits in the first quarter of the current fiscal due to disruptions caused by the second wave of COVID-19, as per domestic ratings agency Icra. The challenges ...

2nd Wave Of Covid-19 Could Delay Resolutions & Increase Haircuts: ICRA

The outbreak of the Covid-19 pandemic and its related effects in FY2021 battered the prospects for stressed asset resolution. The pandemic has increased operational challenges for the various parties involved in a corporate insolvency resolution process (CIRP), which resulted in limited ...

Large Listed Players In Residential Segment Record Best Quarter

The residential realty sector has recorded one of its best quarters in Q4 FY2021, with sales across the top eight cities nearing 85 million square feet (msf), reflecting amongst the highest level of sales over the last twenty quarters, ICRA has ...

ICRA Lowers GDP Forecast On Account Of Lockdown, Curfew

Lockdown across Maharashtra and other states has pushed rating agency ICRA to reduce its FY 2022 GDP to 10.2%. "Towards the end of the last fiscal year on March 24th ICRA had projected growth in GDP for FY22 to be between ...

ICRA Lowers GDP Forecast For 2021-22

The extent to which restrictions are imposed across multiple states on manufacturing, as well as the availability of migrant labour will have a critical bearing on the supply disruptions that may emerge. With sentiment souring, there may be some loss of ...

Rising Covid Cases Re-Ignite uncertainty: ICRA

One year post the nation-wide lockdown, Indian GDP had reverted to pre-Covid levels in Q3 FY2021, and the pace of growth is expected to rise modestly in Q4 FY2021, ICRA has stated in its latest report. "Simultaneously, uncertainty related to the ...

Broking Industry Expected To Report Strong Growth

The broking industry is poised to report a strong growth supported by the favourable capital markets and record transaction volumes, ICRA has said in a report. ICRA expects the broking industry to clock a record broking income of Rs. 27,500-28,500 crore ...

Economic Activity Shows Solid Rebound: ICRA

Economic activity rebounded solidly in December 2020, relative to the previous month, reflecting factors such as a pick-up in demand after the temporary post-festive slack and year-end discounts, as well as an expected waning of the unfavourable base effect related to ...

Moderation In Asset Quality Pressure To Drive Earnings Growth For Banks

ICRA Ratings has said that improved asset quality and consequently lower credit provisions could drive better profitability for banks and provide impetus to lenders and rejuvenate their lending decisions. "Low interest rates, improved business volumes, better job prospects and income levels ...

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