Icra, in its note, projected the year-on-year (YoY) expansion of the GDP to rise to 6.9 per cent in Q4 FY 2025, from 6.2 per cent in Q3 FY 2025, significantly undershooting the NSO implicit estimate of 7.6 per cent for the quarter.
Ratings agency ICRA Limited has downgraded the debt rating of Ola Electric Mobility Limited's automotive unit due to slower-than-expected sales and a challenging road to profitability.
India’s aviation sector reflects a stable outlook with domestic air passenger traffic recording a double-digit growth of 11.04 per cent in February this year compared to the same month of the previous year, official data showed.
The Indian commercial vehicle (CV) industry is poised for modest growth, with ICRA forecasting a 3-5% year-on-year (YoY) increase in wholesale volumes for Financial Year (FY) 2026.
Indian companies are likely to clock 7-8% revenue growth during the March quarter of the current fiscal year, domestic rating agency ICRA said on Monday. It highlighted that the growth will be led by revival in rural demand and uptick in government spending.
ICRA projected the economy to grow at 6.4 per cent in Q3 from 5.4 per cent in Q2, benefitting from enhanced government spending amid uneven consumption.
It said, this is due to the heavy rains and weak margins offsetting the buoyancy injected by the turnaround in Government capital expenditure and healthy trends in kharif sowing.
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Indian apparel exporters will register a 9-11 per cent revenue expansion in FY2025, the independent and professional investment information and credit rating agency, ICRA said on Monday.
The share of renewable energy, including hydro, in the country’s power generation is projected to rise to 35 per cent by FY30, up from 21 per cent in FY24, a report showed on Friday.
