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Latest Articles in icra

US Sanctions On RUSAL Put Indian Auto Industry On Crossfire: ICRA

Aluminium (along with its alloy) accounts for about 10 per cent of the weight of a hatchback and 18-20 per cent in a two-wheeler

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Default Rates At Indian Companies Likely To Rise Further: ICRA

"The default rate could go up in fiscal year 2019 on higher interest cost, deteriorating business conditions, likely difficulty in getting bank funding given the challenges in the banking system," said Jitin Makkar, head of credit policy at ICRA, in a webinar

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‘Recent Changes In Proposed Scrappage Policy To Have Limited Impact On Commercial Vehicle Sales’

In ICRA’s view, the recent changes in the proposed policy will significantly reduce the potential population of vehicles eligible for scrappage program thereby reducing the impact on commercial vehicle sales

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Auto Components Industry To Record Higher Growth Of 13-15% For FY18: ICRA

Earlier, ICRA had estimated the growth of Indian auto component industry to be somewhere around 9-11 per cent

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Indian Power Sector Gets Stable Outlook For Next 12-18 Months: Moody & ICRA

As the sector gets positive outlook with the improving discoms finances, bringing down the off-take risks, there is a word of caution for the Independent Power Producers

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India Is Looking At 60,000 MW Of Stressed Power Assets

Since the last few years, the power sector has been looming under crisis as the industrial demand remains subdued

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City Gas Distribution To Benefit From SC Ban Of Pet Coke And Furnace Oil In NCR

The industrial units using pet coke and furnace oil, post the ban would have to shift to alternate fuels such a natural gas and accordingly City Gas Distribution entities operating in the NCR would see a significant increase in PNG (industrial) volumes over the short to medium term

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Domestic Tailwinds & Emerging Export Markets To Offset Any Adverse Impact Of Sri Lanka’s Proposed Plans To Restrict Three-Wheeler Imports: ICRA

Sri Lanka is one of the key export markets for Indian OEMs but over the past few years, its share has declined because of a sharp reduction in demand (owing to increase in local taxes) and increasing focus of OEMs to foray into the African and Latin American markets

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‘Range-Bound Domestic Passenger Traffic Growth, Increasing ATF Prices Might Trouble The Industry’

The moderation in passenger traffic growth after two years of 20 per cent plus growth is primarily on account of lower than expected capacity addition, airlines’ efforts to strengthen yields and high base

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Telecom Sector Needs Rs 50,000 Crore A Year Investment: Icra

The agency said both the subscriber market share and the revenue market share of the three top telcos - Airtel, Vodafone and Idea Cellular--have increased marginally and is illustrative of the marginalisation or exit of smaller players

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Has Demonetisation And GST Narcotised Indian Apparel Industry?

According to a report by Investment Information and Credit Rating Agency of India (ICRA), disruptions caused by demonetisation and transition to GST regime has narcotised the Indian apparel and fabric industry

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Anti-Dumping Duty On Chinese Tyres Positive: Icra

Domestic rating agency Icra expects this will lead to a strong demand pickup for large truck tyre manufacturers

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Profitability Of Indian Steel Mills To Improve In Near Term: ICRA

Buoyant international steel prices have benefitted Indian mills to increasingly tap overseas markets, as reflected in a 57% year-on-year growth in exports during April-August 2017

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