Domestic Rating Agency Icra

India's net oil import bill could widen to USD 101-104 billion in current fiscal from USD 96.1 billion in 2023-24 and any escalation in the Iran-Israel conflict could impart an upward pressure on the value of imports, ICRA said today.

Domestic rating agency ICRA on Tuesday cut its FY23 real gross domestic product (GDP) growth estimate by a sharp 0.8 per cent to 7.2 per cent, primarily driven by the fallout of the Russian invasion of Ukraine.

Continuing on the recovery path, domestic air passenger traffic crossed the 10-million mark in November for the first time since the pandemic hit aviation industry but Omicron has the potential to spoil the party, according to rating agency ICRA.

TRAI decision "would adversely impact the larger incumbents over the medium term, and in the process benefit the new entrant Reliance Jio," domestic rating agency Icra said.

The new GST regime is likely to have a significant bearing on the way transportation and storage of goods happens across the country, domestic rating agency Icra has said.

Sugar prices are expected to remain firm in the near term due to tight stock position following 9 per cent decline in production and steady growth in consumption, rating agency ICRA said today.

RJio's extension has "added to the industry's woes" and, coupled with the demonetisation exercise, will lead to a revenue dip of 5-7 per cent, says domestic ratings agency Icra.

Despite the government imposing stock-holding limits on sugar mills, prices of the sweetener in the domestic market are likely to remain firm in next 3-4 quarters due to tight stock position, credit rating agency Icra has said in a report.

Growth of the domestic pharmaceutical industry is likely to remain moderate due to factors like slowdown in the US market, increased competition and generic adoption reaching saturation levels, rating agency Icra said on Wednesday.

Domestic rating agency Icra has estimated GDP growth to remain flat at 7.2 per cent in the first quarter under the gross value added (GVA) calculation, thanks to an uptick in the industrial sector negating the decline in the services and farm sectors.

The extension of minimum import price (MIP) for the next two months is unlikely to provide much relief to the domestic steel players, especially those with a large presence in the flat products category, rating agency Icra said on Monday.

Domestic rating agency Icra on Wednesday cut its outlook on Adani Ports and Special Economic Zone's (APSEZ) long-term rating to 'negative' on concerns over higher borrowing, lending to related and unrelated parties, and lower volumes.

Retail loan disbursements by non-bank lenders will grow by 19-22 per cent this fiscal year, with the housing finance segment alone needing up to Rs 28,600 crore in capital over the next three years, domestic ratings agency Icra said on Wednesday.

Regulatory hurdles like high cross subsidy charges and resistance from utilities are affecting the growth of open access market for energy consumers, domestic ratings agency Icra has said.

A recent apex court order upholding the statutory powers of regulators to review tariffs in power purchase agreements is a positive regulatory development for generation entities, domestic ratings agency Icra said on Tuesday.

India's net oil import bill could widen to USD 101-104 billion in current fiscal from USD 96.1 billion in 2023-24 and any escalation in the Iran-Israel conflict could impart an upward pressure on the value of imports, ICRA said today.

Domestic rating agency ICRA on Tuesday cut its FY23 real gross domestic product (GDP) growth estimate by a sharp 0.8 per cent to 7.2 per cent, primarily driven by the fallout of the Russian invasion of Ukraine.

Continuing on the recovery path, domestic air passenger traffic crossed the 10-million mark in November for the first time since the pandemic hit aviation industry but Omicron has the potential to spoil the party, according to rating agency ICRA.

TRAI decision "would adversely impact the larger incumbents over the medium term, and in the process benefit the new entrant Reliance Jio," domestic rating agency Icra said.

The new GST regime is likely to have a significant bearing on the way transportation and storage of goods happens across the country, domestic rating agency Icra has said.

Sugar prices are expected to remain firm in the near term due to tight stock position following 9 per cent decline in production and steady growth in consumption, rating agency ICRA said today.

RJio's extension has "added to the industry's woes" and, coupled with the demonetisation exercise, will lead to a revenue dip of 5-7 per cent, says domestic ratings agency Icra.

Despite the government imposing stock-holding limits on sugar mills, prices of the sweetener in the domestic market are likely to remain firm in next 3-4 quarters due to tight stock position, credit rating agency Icra has said in a report.

Growth of the domestic pharmaceutical industry is likely to remain moderate due to factors like slowdown in the US market, increased competition and generic adoption reaching saturation levels, rating agency Icra said on Wednesday.

Domestic rating agency Icra has estimated GDP growth to remain flat at 7.2 per cent in the first quarter under the gross value added (GVA) calculation, thanks to an uptick in the industrial sector negating the decline in the services and farm sectors.

The extension of minimum import price (MIP) for the next two months is unlikely to provide much relief to the domestic steel players, especially those with a large presence in the flat products category, rating agency Icra said on Monday.

Domestic rating agency Icra on Wednesday cut its outlook on Adani Ports and Special Economic Zone's (APSEZ) long-term rating to 'negative' on concerns over higher borrowing, lending to related and unrelated parties, and lower volumes.

Retail loan disbursements by non-bank lenders will grow by 19-22 per cent this fiscal year, with the housing finance segment alone needing up to Rs 28,600 crore in capital over the next three years, domestic ratings agency Icra said on Wednesday.

Regulatory hurdles like high cross subsidy charges and resistance from utilities are affecting the growth of open access market for energy consumers, domestic ratings agency Icra has said.

A recent apex court order upholding the statutory powers of regulators to review tariffs in power purchase agreements is a positive regulatory development for generation entities, domestic ratings agency Icra said on Tuesday.