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ICRA RATINGS
India's coal-fired power output in June rises to highest since November 2023India's electricity demand surged in June, pushing coal-fired power generation to a near three-year high. Record heatwaves and a weak monso...
Icra downgrades Utkarsh SFB debt ratings on weak asset quality, earningsIcra downgraded Utkarsh Small Finance Bank's debt ratings, citing elevated bad loans, weak earnings and rising stress in its microfinance p...
113% returns in 13 days! How Vedanta Iron and Steel shares made investors richer since listingVedanta Iron and Steel shares have surged more than 100% in just 13 trading sessions since listing at Rs 20 on the NSE following Vedanta's ...
Growth engine revving as GST, auto sales rise despite global roadblocksIndia's economy shows robust growth in Q1 FY27, with GST collections soaring 13.9% to Rs 1.95 lakh crore in June. Car sales surged 24%, and...
Vedanta Iron & Steel shares skyrocket 89% in 12 days since listing. What’s fuelling the surge?Vedanta Iron and Steel shares have surged an impressive 89% since their June debut, adding nearly Rs 7,000 crore to its market value. This ...
Oil cools, monsoon heats up concerns for India's rural economyThe recent drop in crude oil prices is providing some relief from inflation worries. Yet, the unpredictable monsoon season poses a serious ...
IIP growth reached a five-month high of 5.1% in MayIndia's industrial production surged to a five-month high of 5.1% in May, driven by robust growth in electricity and manufacturing sectors....
No smooth landing: ICRA sees Indian airlines' losses widening up to Rs 38,000 crore in FY27India's aviation sector faces a grim outlook, with ICRA projecting net losses to skyrocket to ₹36,000-38,000 crore in FY27. This sharp revi...
Vedanta Aluminium shares rise nearly 2% as CLSA initiates Outperform call, sees 18% upside potential. Here's whyVedanta Aluminium Metal shares surged nearly 2% after CLSA initiated coverage with an 'Outperform' rating and a Rs 540 target price, citing...
Core sector output slows to seven-month low of 0.5% in MayIndia's core sector growth hit a seven-month low of 0.5% in May, primarily due to a significant slump in energy-related industries. Petrole...
Power sector stocks regain momentum on rising electricity demand and strong investment cycleRising electricity demand and a strong investment cycle lift outlook for power companies.
West Asia conflict may pressure hospitality occupancy, warns ICRA; FY27 estimate at 72-74%Hospitality sector occupancy is projected at 66-68% for early FY27, rising to 72-74% for the full year, according to ICRA. However, prolong...
India's passenger vehicle sales expected to grow 4-6% in FY27: ReportPassenger vehicle sales are poised for a 4-6% expansion this fiscal, fueled by strong demand, improved affordability post-GST cuts, and the...
Indian two-wheeler industry to see moderate growth at 3-5% in FY27: ICRAIndia's two-wheeler sector anticipates a modest 3-5% wholesale volume growth in FY27, according to ICRA. While domestic demand and exports ...
War, oil and El Nino: Triple threat may cut India Inc's profit margins by 150 bpsIndia Inc faces challenges ahead. Geopolitical tensions in West Asia and El Nino conditions may hurt company profits. Operating profit marg...
Dhan parent Raise Securities posts Rs 905 crore revenue, profit down 20% in FY26The company had reported net operating income of Rs 795 crore and a profit after tax of Rs 408 crore in FY25. The rating agency attributed ...
Domestic tractor wholesale volumes likely to grow at 1-4% in FY27: ICRATractor sales are set for modest growth this fiscal year. However, a below-normal monsoon forecast poses a risk to agricultural output and ...
Vedanta Aluminium shares tumble 14% in 3 days since listing. What’s dampening the shine of Vedanta’s new crown jewel?Vedanta Aluminium shares hit the 5% lower circuit for a third straight session on Wednesday, extending their post-listing decline to 14%. S...
Vedanta listing: Why its aluminium business is the undisputed crown jewel of the mega 4-way demergerFour demerged entities of Anil Agarwal-led Vedanta Group are set to begin trading on Monday, with Vedanta Aluminium Metal Ltd (VAML) expect...
Retail inflation edges up to 3.9% in MayEconomists expect price pressures to intensify further in June, driven by the continued pass-through of earlier increases in transport and ...