Icra

Neutral pause suggests rate hikes aren't imminent: Aditi Nayar

We broadly concur with the MPC's growth forecasts for FY2027, notwithstanding some differences in the quarterly projections, Nayar said.

Icra Q1 result: Profit rises 32% to ₹56 cr on strong analytics demand

Rating agency ICRA Ltd on Thursday reported 32 per cent growth in consolidated net profit at Rs 56.5 crore for the first quarter ended June 30, 2026. The company had logged a net profit of Rs 42.8 crore a year ago. Revenue from operations increased by 31.2 per cent year-on-year to Rs 163.4 crore in the quarter, ICRA said in a regulatory filing. MD & Group CEO Ramnath Krishnan said ICRA's quarterly performance was supported by healthy growth in ratings and sustained momentum in risk & analytics. "Our ratings business remained anchored in high-quality analytical delivery and market engagement, while risk and analytics benefited from robust demand across data, risk and technology-led solutions," Krishnan said. ICRA's ratings revenue was supported by strong 18.3 per cent year-on-year growth in bank credit as of June quarter FY2027, with demand led mainly by the industries and NBFC segments. Risk & Analytics continued to demonstrate healthy momentum during the quarter, driven ..

Gold loan delinquencies may rise under new RBI repayment norms: Icra

Organised gold loans by banks and NBFCs are expected to cross Rs 30 trillion by March 2028, while lenders adjust to revised RBI repayment and LTV norms

States staring at ₹24 trillion bond repayment bill over 5 years: Icra

About one-third of outstanding state government securities will mature over the next five years, keeping refinancing needs and bond issuances elevated, ICRA said

Alternate fuel penetration in Indian CVs to touch 40-45% by FY30: Icra

Penetration of alternate fuels, including CNG/LNG and electric vehicles, in the Indian commercial vehicle industry is expected to touch 40-45 per cent by FY2030, rating agency ICRA said on Monday. In FY2026, the penetration of alternate fuels in the Indian CV industry was at 27 per cent, ICRA said in a statement. The CNG/LNG penetration in the CV industry is expected to increase to 30-35 per cent by 2029-30, while the same for electric vehicles is projected to rise to 10-15 per cent, it added. The rise in EV penetration in the commercial vehicles (CV) industry is led primarily by the bus segment within the M&HCV (medium and heavy commercial vehicle) category, ICRA said. CNG/LNG penetration in CVs has increased steadily to 25 per cent in 2025-26 from 7 per cent in 2020-21, emerging as a viable alternative to conventional petroleum fuels, it noted. On the other hand, the share of diesel as a fuel for the CV industry in India has gradually declined to 67 per cent in 2025-26 from 86 .

MTAR Technologies hits 3rd straight 5% lower limit; down 34% from June high

In the recently concluded June 2026 quarter, domestic mutual funds reduced their stake in MTAR Technologies to 20.36 per cent from 23.49 per cent at the end of March 2026 quarter.

Securitisation volumes rise 20% in Q1 as NBFCs drive market growth: ICRA

India's securitisation market grew about 20 per cent in the first quarter of FY27, with NBFCs driving issuances as gold loans emerged as the largest asset class, ICRA said

Power transmission to witness Rs 6 trillion investment over six years: Icra

India's power transmission sector is projected to attract Rs 6 trillion in investments through 2032 as grid infrastructure is expanded to integrate rising renewable energy capacity.

Vedanta Oil & Gas zooms 40% in 2 days; should you buy, hold or sell stock?

The average trading volumes on Vedanta Oil & Gas counter more than doubled with a combined 361 million equity shares changing hands on the NSE and BSE.

Icra to acquire remaining 40% stake in D2K Technologies for ₹32 crore

Rating agency Icra on Monday said it will acquire the remaining 40 per cent stake in D2K Technologies for Rs 32 crore. Pursuant to this, Icra Analytics will hold 100 per cent of the equity share capital of D2K Technologies on a fully diluted basis, Icra said in a regulatory filing. Icra Analytics is a wholly-owned subsidiary of Icra Ltd and provides services, solutions, analytics and digital platforms for risk management, mutual funds, fixed income, and knowledge services. Currently, Icra Analytics holds 60 per cent stake in the company, which is engaged in the business of providing banking and software services to banks, other financial institutions, and corporates, among others. Upon completion of the proposed acquisition, D2K Technologies will become a wholly-owned step-down subsidiary of Icra, it said. The acquisition is contingent upon the successful execution of the transaction by the depositories, it added.

CV wholesale growth stayed strong in May; Icra sees moderation in FY27

Commercial vehicle wholesales rose 13.5 per cent in May, supported by GST cuts and a favourable base, but ICRA expects growth to moderate to 4-6 per cent in FY27

West Asia conflict may push Indian airlines' FY27 losses to ₹38K cr: ICRA

ICRA has raised its FY27 airline loss estimate to Rs 36,000-38,000 crore and cut traffic growth forecasts, citing higher ATF prices, a weaker rupee and lease costs

RBI's bulk deposit proposal paves way for risk-based pricing by banks

Draft framework would allow lenders to align deposit rates with liquidity costs under LCR norms, improving pricing efficiency and balance-sheet management

Vodafone Idea soars 6%, hits 20-month high; stock zooms 75% in 2 months

The capex execution, along with an expected industry tariff rationalisation over the next 12-24 months and improving network quality, are expected to support ARPU improvement and growth, believes ICRA

Inflation-fisc trade-off is likely to keep bond yields high for now

The upswing in the yield curve largely reflects worsening expectations around fiscal and inflation outcomes, an unfortunate fallout of the West Asia crisis for India's macros.

ICRA projects 3-5% growth in domestic two-wheeler volumes for FY27

Credit rating agency says domestic two-wheeler wholesale volumes may grow 3-5% in FY27, while exports and electric vehicle demand continue to support the industry

Mild fuel price hike may not significantly upend household budget

We estimate the direct impact of this hike at around 8bps uptick each in the CPI inflation prints for May 2026 and June 2026, along with a mild indirect impact to the tune of around 10 bps, Nayar said

Organon deal impact: Sun Pharma surges 16% in 10 days, nears record high

Sun Pharma's acquisition of Organon as a transformational deal, doubling revenue to USD 12 billion with 30 per cent EBITDA margin, analysts.

Limited tariff hikes, rising power costs to keep discom cash gap high: ICRA

ICRA said discoms' cash gap is likely to remain elevated in FY27 as muted tariff hikes and higher power purchase costs strain finances

India's power demand likely to grow by 5 to 5.5% in FY27, says Icra

Rating agency ICRA on Thursday said power demand will rise by 5.0-5.5 per cent in 2026-27 as against a tepid one per cent growth in 2025-26, supported by continued momentum in industrial and commercial activity. The country's power demand growth in 2026-27 is likely to be supported by agricultural and household sectors given the expectation of sub-par rainfall amidst a potential El Nino, along with demand from industries as well as from emerging sources like electric vehicles and data centres, ICRA said in a statement. The all-India thermal plant load factor (PLF or capacity utilisation) level fell to 65-66 per cent in 2025-26 amid demand moderation and is likely to remain around 65 per cent in 2026-27, given the healthy growth in generation expected from the renewable sources and 6-GW capacity addition likely in the thermal segment. Ankit Jain, Vice President & Co-Group Head - Corporate Ratings, ICRA, said in the statement that the thermal power sector in India is witnessing a ...