The report by Icra has stated that excess rains in August 2024 impacted the mining activity, cooled off power demand and likely weighed on retail footfalls in the month
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The status of road awards in the first four months of the current financial year (4M FY25) is 50 per cent lower than the 1125 km awarded in 4M FY2024.
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Icra says that the material input cost reduction for steelmakers will support their earnings, notwithstanding the downward trend in steel prices
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Based on the ongoing sowing and the bright prospects for Rabi crops, the gross value added (GVA) growth of agriculture is likely to improve to 3.2 per cent in the current financial year
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Proposed changes in liquidity coverage ratio framework to further moderate the reported liquidity coverage ratio (LCR) and constrain the credit growth for banks
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According to the Icra report, the credit profiles of mall operators are expected to remain stable due to the comfortable leverage and debt coverage metrics
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The mobility-related indicators such as domestic airline passenger traffic, petrol and diesel consumption, Goods and Service Tax (GST) e-way bills reported an improvement in July 2024 as compared to June 2024
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Icra has reported that even though the industry will see record levels of capacity additions, these will be counterbalanced by incremental demand
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Icra says that secondary steel producers could witness margin decline by 80 to 250 basis points
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Icra has expected a decline of 60 to 180 basis points (bps) for the primary steel producers. Taking into consideration, the cess of 5 to 15 per cent on iron ore, based on current prices, the rating agency has projected a decline of 80 to 250 basis points for the secondary producers
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