ICRA pegs organised jwellers' revenue growth at 12-15% y-o-y in FY2024The rating agency estimates its sample set of 12 major organised jewellers to record a revenue growth of ~12-15% YoY in FY2024, despite a h...
India's organised jewellery retailers will continue on growth path, says ICRAIn its recent research report, the rating agency estimates its sample set of 15 major organised jewellers to record revenue growth of 20% Y...
India's overall forex reserves to shrink further this year, Deutsche Bank says"If the current account deficit indeed rises to $140 billion, the overall BOP (balance of payment) deficit could be as large as $80 billion...
India's retail inflation likely rose to 6.9% in August, says Deutsche BankWhile Brent crude oil prices have recorded a steep decline in recent weeks, the favourable impact will be less reflected in the CPI as fuel...
RBI's policy normalisation may get delayed to April: Kaushik Das'You will not get a broad-based kind of support the way we got in 2021 because we are learning to live with the virus. To some extent, peop...
The sequential recovery will have more traction as we go ahead in July-September: Kaushik DasSo sequentially from the bottom or trough that we have seen in mid-May when we had the toughest or the most amount of lockdown across the s...
GSAP 2.0 could be scaled down by December if support isn't required: Kaushik Das, Deutsche Bank Research"Once the lockdowns are lifted slowly from June, probably in July or second half of June you can expect the government to come and announce...
Never expect the govt to announce all measures at one go: Kaushik Das, Deutsche Bank"There is also an argument that when you are in a lockdown and most people are staying at home, you can debate whether it makes sense to gi...
Must be cautious about FY22 growth predictions: Kaushik Das, Deutsche Bank"When we talk about growth, there is a mechanical element that we are getting in FY22 just because of the low base effect of last year."
Inflation not a big risk for next few months: Kaushik Das"At this stage, growth is a bigger priority than thinking about inflationary risks."
Worst is over! By Q4, 2.5% positive growth likely: Kaushik DasIn Q3, we could end up with minus 1.5% and if we are lucky we can even get a positive number.
Higher labour expenses hit margins of bulk tea producers in FY19: ICRAThe initial uptrend in north Indian (NI) auction prices was not maintained during the months of August to November 2018.
Profit margins of tea producers to improve: ICRAFirm price trends in North Indian teas from August, 2017 to January, 2018 have supported the margins and debt coverage indicators of most l...
Darjeeling unrest: Tea estates revenue may fall by Rs 150 croreDarjeeling is currently witnessing a political unrest, which has led to the suspension of operations at tea estates in the region, at a tim...
VR firm Whodat gets funds from Ideaspring CapitalThe investment will be Whodat's first institutional round of capital funding, following four years of bootstrapped business.
Bulk tea players to continue to face challenges in short term: ICRALabour costs have accounted for around 45% of the total cost of production, tea being a fixed cost-intensive industry.
El Nino does not necessarily mean bad farm sector growthThough India is highly dependent on rain-fed agriculture it may be able to shrug off an occasional bad monsoon.