Page 2 - Icra

India's power demand growth to slow to 1% in FY26, lowest in 5 years: ICRA

ICRA expects India's power demand growth to slow to 1 per cent in FY26, the lowest in five years, citing a prolonged monsoon, weak demand and a high base effect

Indian aviation industry outlook 'negative'; weak near-term demand: ICRA

Ratings agency ICRA on Friday revised its outlook on the Indian aviation industry to negative from stable, citing disruptions in international airspace following escalation of geopolitical tensions in West Asia. The revision in outlook is also on account of a sharp depreciation of the rupee against the US dollar and an expected increase in jet fuel (ATF) prices, ICRA said. These factors are likely to significantly increase cost pressures for airlines, even as demand growth faces downside risks, it said. The ratings agency said it expects domestic air passenger traffic growth to be at 0-3 per cent for the ongoing fiscal year and international passenger traffic growth for Indian carriers at 7-9 per cent, indicating a relatively weak near-term demand environment. Prior to the West Asian crisis, ICRA had estimated domestic air passenger traffic growth at 6-8 per cent and international traffic growth for Indian carriers at 8-10 per cent for FY27. However, these projections now carry a

Fino Payments Bank tanks 19%, stock hits record low

In the past seven trading days, the market price of Fino Payments Bank was down 33 per cent despite the bank denied any involvement in betting or gaming activities.

Sai Life soars 25% in 5 weeks, hits record high in weak market; here's why

ICRA expects Sai Life Sciences to maintain strong growth momentum over the medium term on the back of a healthy growth outlook for the industry, good product mix and deepening customer engagement.

Bank of Baroda share price rallies 6% in 1 week, hits record high

The bank has seen improvement in asset quality parameters with lower incremental slippages, leading to lower credit costs

KEI Industries share price zooms 94% from 52-week low; nears record high

After completing the Sanand project and the strong demand in domestic and overseas markets, the KEI management is hopeful to grow more than 20% CAGR in next 3 to 4 years.

Risk-based deposit rules may dent bank profits by up to ₹12k cr: ICRA

ICRA says the new risk-based deposit insurance premium framework, effective April 2026, could reduce bank profitability by up to ₹12,000 crore a year, though stronger banks may see gains

Auto industry growth likely to be 3-6% in FY27 as high base kicks in: Icra

Ratings agency says elevated growth in FY26 will give way to moderation next fiscal as higher base and normalising demand temper volumes across PV, two-wheeler and CV segments

SML Mahindra zooms 48% thus far in February, hits new high; here's why

The stock price of the commercial vehicles company hit a new high of ₹5,110 in Tuesday's intra-day trade, zooming nearly 400% from its 52-week low of ₹1,030.90 touched on February 28, 2025.

India's wholesale inflation climbs to 10-month high of 1.8 % in January

Wholesale inflation rose to a 10-month high of 1.81% in January, driven by higher food and core prices, with vegetable inflation turning positive and manufactured goods showing renewed price pressures

RBI Policy: A prolonged pause on rates may already be underway

The POC stressed that excluding precious metals, underlying inflation pressures were muted and that barring volatility on account of gold and silver, core inflation was expected to remain range-bound

Budget 2026: Onus of executing incremental capex shifting towards states

Aditi Nayar analyses the Budget's fiscal prudence, higher public capex via states, a 4.3 per cent deficit target, debt consolidation, and the impact of higher gross borrowings on bond yields

Budget 2026: Infra sector wants regulatory easing, higher capital outlay

ICRA sees 5% growth in rail budget

Jindal Stainless, Jindal Steel, SAIL, Tata Steel rally up to 4%; here's why

Jindal Steel plans to double its structural steel manufacturing capacity to 2.4 MTPA by mid-2028, aimed at addressing the growing demand for heavy and ultra-heavy structural steel sections.

India's hospital industry to see 16-18% revenue rise in FY26: ICRA

ICRA expects hospitals' revenue growth of 16-18% in FY26 on healthy occupancy and higher ARPOB, while projecting a stable pharma outlook led by domestic growth

Steel sector earnings to stay subdued in FY26 amid oversupply: ICRA

ICRA said steelmakers' margins remain under pressure as oversupply drives domestic prices to steep discounts to import parity, and warned of a negative outlook if headwinds persist

Indus Towers stock hits 5-month high, surges 29% in 3 months; here's why

Indus Towers outlook: Analysts believe that healthy collections against the monthly payments has improved the liquidity position of the company and moderated the reliance on external debt.

Net office absorption in 6 major cities to hit record high in FY26: Report

The top cities are Bengaluru, Chennai, Delhi National Capital Region (NCR), Hyderabad, Mumbai Metropolitan Region (MMR), and Pune

Festive demand and GST relief to drive India Inc's Q3 FY26 growth: ICRA

ICRA expects India Inc. to post 8-10% year-on-year revenue growth in Q3 FY26, supported by festive and rural demand, GST rationalisation and easing costs

India's solar module sector faces shake-up as overcapacity looms: Icra

Bifacial modules can absorb sunlight via both front and rear surfaces, while modules made with TOPCon cells have improved electron flow and lead to lower losses