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OMCs Making Huge Profit On Petrol, Diesel As Crude Prices Fall: ICRA
As the crude prices have come down, oil marketing companies are making profits of Rs 15/litre and Rs 12/litre on petrol and diesel, respectively.
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Adani Total Gas Secures Long-Term Rating Upgrade Amid Robust Financial Growth
ICRA has upgraded the long-term rating of Adani Total Gas Limited (ATGL), formerly known as Adani Gas Limited, to [ICRA]AA(Stable) while reaffirming the short-term rating.
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Air Passenger Traffic In India To Touch 407-418 Million This Year: Report
Air passenger traffic in the country is projected to touch record levels in the range of 407-418 million in the current financial year and the revenues of select airport operators together are estimated to rise 15-17 per cent during the same period.
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Food Inflation Likely To Remain A Cause For Concern Due To Heat Wave: Rating Agency ICRA
The wholesale food inflation, which is at a four-month high, will continue to be a cause for concern in May and June as heatwave is likely to jack up prices of perishable commodities, ICRA Chief Economist Aditi Nayar said on Tuesday.
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India's Oil Import Bill Could Reach USD 101-104 Billion In 2024-25: Report
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.
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Domestic Air Passenger Traffic Registers 60% Growth In 2022-23: Report
The domestic aviation industry continues to witness recovery with air passenger traffic logging around 60 per growth at 13.60 crore in FY23 annually, ICRA said today.
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Indian Inc's Profit Margin Narrows In Q3 On High Inflation: Report
India Inc's operating profit margin narrowed by a sharp 2.37 per cent in the December quarter to 16.3 per cent on an annual basis due to inflation and rising energy costs, ratings agency Icra said today.
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Rising Gas Prices Constrain CNG Penetration In Commercial Vehicles: Report
A spurt in global energy prices has led to a 70 per cent jump in the price of CNG in the last one year.
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Crisil Cuts FY23 Growth Projection For India To 7%
Rating agencies Crisil and Icra on Monday revised down their India growth projections for the current fiscal and the second quarter mainly due to the ripple effect of slowdown in global growth and mixed crop output.
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New Credit Rating Rules Could See 100 Firms Downgraded: Ratings Bodies
The Indian unit of credit rating agency Moody's, ICRA, said on Wednesday that nearly 100 companies with debt totalling 350 billion rupees ($4.40 billion) are likely to be downgraded after the central bank tightened rating methodologies.
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India's Policy Rate Hike Cycle To Be Shallower Than US: Ratings Body
Aiming to view to addressing high inflation in the US, America's central bank has recently hiked policy rates by a steep 75 basis points
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5G Spectrum Auction Likely to Increase Telecom Sector Industry Debt, Warns ICRA
5G auctions in India, set to begin from July 26, could likely increase telecom sector industry debt, warns ICRA. It also expect telecom industry to buy spectrum worth around Rs 1-1.1 lakh crore in the upcoming auctions.
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Non Bank Finance Companies Had Robust Collection Efficiency In April: Report
The collection efficiency of non-banking finance companies (NBFCs) and housing finance companies was in the healthy range of 97-101 per cent in April
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Third-Party Insurance Rate Hike For 2-Wheelers Unlikely To Impact Demand: ICRA
The upward revision in the third-party insurance premium for two-wheelers, which has come into force from June 1, is unlikely to materially impact the demand, credit ratings agency ICRA said on Friday.
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GDP Growth In March Quarter Of 2021-22 May Have Slowed: ICRA
Hiccups in recovery of contact-intensive services attributable to the third wave of Covid-19 in the country may have also affected the economic growth
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OMCs Making Huge Profit On Petrol, Diesel As Crude Prices Fall: ICRA
As the crude prices have come down, oil marketing companies are making profits of Rs 15/litre and Rs 12/litre on petrol and diesel, respectively.
-
Adani Total Gas Secures Long-Term Rating Upgrade Amid Robust Financial Growth
ICRA has upgraded the long-term rating of Adani Total Gas Limited (ATGL), formerly known as Adani Gas Limited, to [ICRA]AA(Stable) while reaffirming the short-term rating.
-
Air Passenger Traffic In India To Touch 407-418 Million This Year: Report
Air passenger traffic in the country is projected to touch record levels in the range of 407-418 million in the current financial year and the revenues of select airport operators together are estimated to rise 15-17 per cent during the same period.
-
Food Inflation Likely To Remain A Cause For Concern Due To Heat Wave: Rating Agency ICRA
The wholesale food inflation, which is at a four-month high, will continue to be a cause for concern in May and June as heatwave is likely to jack up prices of perishable commodities, ICRA Chief Economist Aditi Nayar said on Tuesday.
-
India's Oil Import Bill Could Reach USD 101-104 Billion In 2024-25: Report
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 Air Passenger Traffic Registers 60% Growth In 2022-23: Report
The domestic aviation industry continues to witness recovery with air passenger traffic logging around 60 per growth at 13.60 crore in FY23 annually, ICRA said today.
-
Indian Inc's Profit Margin Narrows In Q3 On High Inflation: Report
India Inc's operating profit margin narrowed by a sharp 2.37 per cent in the December quarter to 16.3 per cent on an annual basis due to inflation and rising energy costs, ratings agency Icra said today.
-
Rising Gas Prices Constrain CNG Penetration In Commercial Vehicles: Report
A spurt in global energy prices has led to a 70 per cent jump in the price of CNG in the last one year.
-
Crisil Cuts FY23 Growth Projection For India To 7%
Rating agencies Crisil and Icra on Monday revised down their India growth projections for the current fiscal and the second quarter mainly due to the ripple effect of slowdown in global growth and mixed crop output.
-
New Credit Rating Rules Could See 100 Firms Downgraded: Ratings Bodies
The Indian unit of credit rating agency Moody's, ICRA, said on Wednesday that nearly 100 companies with debt totalling 350 billion rupees ($4.40 billion) are likely to be downgraded after the central bank tightened rating methodologies.
-
India's Policy Rate Hike Cycle To Be Shallower Than US: Ratings Body
Aiming to view to addressing high inflation in the US, America's central bank has recently hiked policy rates by a steep 75 basis points
-
5G Spectrum Auction Likely to Increase Telecom Sector Industry Debt, Warns ICRA
5G auctions in India, set to begin from July 26, could likely increase telecom sector industry debt, warns ICRA. It also expect telecom industry to buy spectrum worth around Rs 1-1.1 lakh crore in the upcoming auctions.
-
Non Bank Finance Companies Had Robust Collection Efficiency In April: Report
The collection efficiency of non-banking finance companies (NBFCs) and housing finance companies was in the healthy range of 97-101 per cent in April
-
Third-Party Insurance Rate Hike For 2-Wheelers Unlikely To Impact Demand: ICRA
The upward revision in the third-party insurance premium for two-wheelers, which has come into force from June 1, is unlikely to materially impact the demand, credit ratings agency ICRA said on Friday.
-
GDP Growth In March Quarter Of 2021-22 May Have Slowed: ICRA
Hiccups in recovery of contact-intensive services attributable to the third wave of Covid-19 in the country may have also affected the economic growth
