RBI To Keep Rates Unchanged In August 9 Policy: ICRA

Says the central bank is expected to keep rates unchanged for now as CPI inflation at around 5.8 per cent in June is close to upper end of RBI's target of 4 per cent (+/- 2 per cent)

Rooms With Few Visitors

New hotels are on the rise, but occupany isn’t. Oversupply of rooms, and consequent sluggish room rents are forcing hotels to fetch more MICE

Textile Exports Remain Unencouraging, Says ICRA

Despite volume growth in most of the segments, de-growth in the value of textile exports during FY2016 was driven by lower fibre prices

As Long As India's Oil Demand Is Driven By Mopeds, It Won't Be The New China

Sanjay is one of millions of new motor scooter riders who have helped push the pace of India's oil demand growth well past China's

Encouraging Agro-climatic Signals Spell A Stable FY17 For Fertilizer Sector: ICRA

The domestic production of urea witnessed healthy 8 per cent growth during FY16, driven by favourable policy changes by the GoI, especially the New Urea Policy 2015

Better Monsoon To Push Rural Demand, Help Fiscal Health: Icra

With monsoon spreading across the country, domestic rating agency Icra said better rains will help push rural demand and may also benefit fiscal health of states and the Centre if demand for work under the MGNREGA scheme eases.

Cement Demand To Grow 6% In FY17, Predicts Icra

Demand for cement is likely to grow by 6 per cent in the current fiscal and further rise to 7 per cent in 2017-18, on improvement in infrastructure segment

ICRA Revises Deepak Fertilizers' NCD issue, Term Loans

ICRA also notes that the matter relating to the issue of recovery of unintended benefits accruing to units using domestic gas for manufacture of Nutrient “N” has been referred and is pending before an Inter-Ministerial Committee (IMC) for deliberation

Export Duty Unlikely To Have Any Major Negative Impact On Profitability Of Sugar Mills: ICRA

The Food and Consumer affairs ministry has implemented a 20 per cent duty on exports with an aim of checking the rise in domestic sugar prices by discouraging exports and thus maintaining adequate domestic sugar supplies

Indian Steel Players To Be More Profitable In Near Term: ICRA

Industry players can see additional gains due to an increase in sales volumes, as imports are likely to reduce in the current year

India's International Air Traffic Logs CAGR Of 10.5%: ICRA

The ratings agency also said that with new carriers expected to enter the market, the competitive intensity in the domestic aviation industry is likely to increase further

Revision In Coal Prices To Raise Power Procurement Costs: ICRA

Coal price hike announced by Coal India (CIL) is likely to result in a 6 paise per unit increase in power procurement cost for distribution companies

India's Infrastructure Output Touches 16-month High In March

Showing signs of stress in the economy, infrastructure output grew at its slowest pace in five years in the fiscal 2015-16 even as the growth rate rebounded to 16-month high of 6.4 per cent in month of March on robust performance of refinery products and fertilisers

Govt Banks To See Rating Revisions Over Bad Loan Woes: Icra

Credit profile of PSBs has worsened because of higher than anticipated stress, slower than expected pace of recovery and weak outlook for several credit intensive sectors

Credit Growth Months Away For Indian Banks