Automakers to incur ₹65,000 cr. capex to meet demand: Icra

Automakers to incur ₹65,000 cr. capex to meet demand: Icra

Automakers are likely to plan an aggregate capital expenditure outlay of ₹65,000 crore over FY2023-FY2025 to ramp up capacity to meet demand and for new product development, according to Icra. The rating agency said wholesale volumes are projected to touch an all-time high of 3.7-3.8 million units in FY2023, a growth of 21-24% from FY22, backed by […]

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Higher ATF prices, Rupee depreciation likely to pose threat to domestic carriers’ recovery: Report

Higher ATF prices, Rupee depreciation likely to pose threat to domestic carriers’ recovery: Report

“In India, ATF accounts for around 45% of the operational cost of an airline. Besides, as much as 35-50% of the airlines’ operating expenses are U. S. dollar driven,” as per ICRA. “In India, ATF accounts for around 45% of the operational cost of an airline. Besides, as much as 35-50% of the airlines’ operating […]

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Annual revenue of 49 auto ancillaries may grow 8-10% in FY23: Icra

Annual revenue of 49 auto ancillaries may grow 8-10% in FY23: Icra

While cost pressures are likely to continue in first half of the fiscal year, Icra expects year-on-year improvement of 50-75 basis points in operating margins in 2022-23, with easing of commodity prices and supply-chain issues While cost pressures are likely to continue in first half of the fiscal year, Icra expects year-on-year improvement of 50-75 […]

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Hotel industry revenues, margins likely to return to pre-COVID levels this fiscal: ICRA

Hotel industry revenues, margins likely to return to pre-COVID levels this fiscal: ICRA

The hotel industry’s revenues and margins are expected to return to pre-COVID levels in 2022-23 despite potential impact on demand in case of further waves of the pandemic, according to rating agency ICRA. Domestic leisure and transient travel will be the main demand drivers, although there will be a gradual recovery in business travel and […]

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India’s GDP likely grew just 3.5% in Q4 of 2021-22: ICRA

India’s GDP likely grew just 3.5% in Q4 of 2021-22: ICRA

Commodity price spikes, lower wheat yields amid heatwave and Omicron hit on contract-driven sectors tripped the momentum Commodity price spikes, lower wheat yields amid heatwave and Omicron hit on contract-driven sectors tripped the momentum India’s GDP growth may have slowed down to 3.5% in the fourth quarter of 2021-22, from 5.4% in the October to […]

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Domestic air passenger traffic logs estimated 83% growth in April: ICRA

Domestic air passenger traffic logs estimated 83% growth in April: ICRA

ICRA said rising aviation turbine fuel prices due to ongoing geo-political issues linked to the Russia-Ukraine conflict continue to evolve as a major threat to the recovery process ICRA said rising aviation turbine fuel prices due to ongoing geo-political issues linked to the Russia-Ukraine conflict continue to evolve as a major threat to the recovery […]

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ICRA flags need to monitor asset quality as loan book expands for affordable housing finance firms

ICRA flags need to monitor asset quality as loan book expands for affordable housing finance firms

The loan book for affordable housing finance companies (AHFC)s is expected to grow by 17-20% in FY2023, rating agency ICRA said in a report. But, it also warned that asset quality needed to be monitored. It said loan book growth would be driven by factors such as ‘the largely underpenetrated market, favourable demographic profile, government […]

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