Page 29 - Icra

ICRA pegs GST compensation of Rs 2.65 trillion for states for FY22

Chief Economist Aditi Nayar said that after a sharp fiscal deterioration in FY21, the Budget estimates for FY22 of 24 state governments had indicated a decline in their aggregate revenue deficit

2-wheelers to account for 8-10% of sales by 2025; 30% by 3-wheelers: ICRA

The electric two and three-wheelers volume are expected to account for 8-10 per cent and 30 per cent of new vehicle sales in the country by 2025, respectively: Report

Icra pegs Q4 GDP growth at 2%; projects 7.3% contraction in FY21

Domestic ratings agency Icra on Monday forecast a 2 per cent GDP growth in the fourth quarter of 2020-21, and a 7.3 per cent contraction for the full fiscal year

Second wave of Covid-19 may delay recovery in air passenger traffic: Report

The second wave of the coronavirus pandemic is likely to delay recovery in air passenger traffic with an 80-85 per cent growth year-on-year this fiscal against the earlier estimate of 130-135 per cent

Slackening economic momentum to limit discretionary purchases: ICRA

In addition, contact-intensive services can expect cutback in spending, said Chief Economist Aditi Nayar

DAP prices might soften ahead as inputs costs in global markets look down

Centre may not need to provide further support this year as worst seems over for the two major input that goes into making DAP for now

Icra downgrades growth peg of various auto segments due to second wave

Unlike the first wave, which was largely limited to urban clusters, the second wave has seen deeper and wider penetration, including rural hinterlands

Covid-19 second wave induced sequential slackening a concern: ICRA

Sequential growth slackening driven by the second wave of Covid-19 in India has emerged as a concern, ratings agency ICRA said.

Mining, construction equipment industry may grow by 15-20% in 2021: ICRA

ICRA said the mining and construction equipment industry is likely to grow by 15-20 per cent in the calendar year 2021

RBI recent measures to boost healthcare infrastructure, says ICRA

Availability of funds due to recent measures announced by the Reserve Bank of India (RBI) can result in increased capacities: ICRA

Domestic air traffic fell 29% in April over second Covid-19 wave: Icra

On May 3 the daily passenger traffic fell below 100,000 for the first time since last September

Microfinance collections may dip 8-10% sequentially in April: Icra

Healthy liquidity buffers maintained by most entities provide some comfort

Icra cuts its FY22 GDP estimate by 0.5%, sees economy expanding by 10.5%

The agency now expects the economy to grow 10-10.5 per cent in 2021-22, against the 10-11 per cent estimated earlier.

Normal monsoon to boost stocks of agri-related companies, cool inflation

Agriculture activity, according to recent channel checks by Prabhudas Lilladher, is expected to continue at a strong pace in FY22

Spike in Covid-19 cases to delay recovery in air passenger traffic: Report

With the rise in the cases across metros, new restrictions cannot be ruled out that could further impact the traffic movement, ICRA said.

Recovery sustains in telcos' operating metrics; debt a big impediment: ICRA

ICRA on Monday said it expects steady recovery in telecom sector to sustain by way of ARPU expansion which is likely to boost revenues

Strong bounce back witnessed for India's toll road assets, says ICRA

India's toll roads are likely to witness a 14-15 per cent growth in collections in FY22: report

Fresh curbs imposed in Maha may impact festive season auto sales: Icra

The fresh restrictions imposed in Maharashtra to contain the second wave of COVID-19 are likely to impact the festive season auto sales, as Navaratri and Gudi Padwa are falling in April, according to rating agency Icra. These two festivals account for a sizeable chunk of the annual vehicle sales across the country, especially in Maharashtra, it said. Gudi Padwa, which is a major festival of Maharashtra, will be celebrated on April 13, while Navrarati will also begin on the same day. The Maharashtra government earlier this week announced a slew of restrictions, including night curfews and weekend lockdowns to curtail the rapid spread of the pandemic. The state government has imposed stricter restrictions to curb the rapid spread of COVID-19 infections. Automobile dealerships, which are also covered under Shops & Establishment Act might have to remain shut till April 30, Icra vice president Ashish Modani said in a statement on Friday. "Festive periods like Navratri and Gudi-Padwa ..

Gas producers continue to bleed as govt-dictated prices remain low: Icra

Natural gas production remains a loss-making proposition for most fields for the Indian upstream producers

Overhang looming on NCR residential real estate market, says ICRA

With unsold inventory surging to around 222 million sq.ft across 170,000 units and annual absorption plunging under 15 per cent