Vedanta shares fall after media reports of ED searches at Mumbai, Delhi officeVedanta shares dipped over 1% following reports of Enforcement Directorate searches at its offices concerning royalty payments to its paren...
Vedanta shares jump 2% to hit fresh 52-week high. What’s behind the surge?Vedanta shares hit a fresh record high after ICRA upgraded the company’s long-term credit rating to AA+ with a stable outlook, marking its ...
US tariffs drag India apparel export growth to modest 1.5%: ICRAIndian apparel exports saw modest growth, impacted by US tariffs. A weaker rupee helped boost earnings in local currency. Shipments to the ...
Growth in cement volumes expected to moderate to 4-5% in FY2025: ICRAIndia's cement industry is staring at slower growth in FY2025, with projections revised down to 4-5% due to a post-election slowdown in con...
Telcos likely to clock 7-9% revenue growth: ICRAThe capex levels of telecom firms will remain high as they expand 5G coverage and this will keep the debt levels of the industry elevated a...
Telecom services industry revenue to see 7-9 pc growth in FY24, capex to touch Rs 70,000 cr: ICRAThe telecom services industry is expected to post moderate revenue growth of 7-9 per cent in FY 24, due to muted average revenue per user (...
Telcos to splurge around Rs 3 lk cr in capex spends for 5G in IndiaTelcos have to collectively splurge around a whopping Rs 3 lakh-crore in capex spends to adequately fiberise telecom towers, and in turn, e...
Indian apparel exporters battle inflationary pressures and recession concernsIn FY2022, apparel exporters in the sample reported a 41% increase in turnover, and a 280-300-basis-point (bps) improvement in operating ma...
Rental income of retail malls likely to increase 30% on-year in FY2023: ReportDriven by pent-up demand, high vaccination coverage and resumption of multiplexes, retail malls have witnessed a sharp recovery in their op...
Telcos to shell out around Rs. 1.0-1.1 lakh crore on 5G auctions: ICRAICRA expects industry debt levels to increase to around Rs. 5.7 lakh crore as on March 31, 2023, before moderating to Rs. 5.3 lakh crore as...
ICRA revises outlook for retail malls from negative to stable; maintains office at stableThe demand drivers for retail malls stems from the relaxation in permitted occupancies of multiplexes and release of multiple big budget fi...
India's FY23 footwear industry growth expected between 8-to-10%According to ICRA, the financial position of large, listed footwear players is expected to remain strong with healthy on-balance sheet liqu...
ICRA revises non-ferrous metal sector outlook to positive from stable“Given the continued earnings surge, an expectation of 6-7% demand growth in FY2022 and deleveraging of balance sheets supported by healthy...
Possibility of sharp rise in wages threatens prospects of tea companies in Assam: ICRAAs per the notification issued by the Assam govt on Feb 23, it notified an interim enhancement of wages for tea plantation workers by Rs. 5...
Growth in telecom ARPU likely to drive industry revenues, margins: ICRARecently, RJIL entered into a spectrum trading arrangement with Airtel to acquire more spectrum in the 800 MHz band.
Domestic textile sector to remain on recovery path in the coming quarters: IcraThe rating agency said that the recovery will be supported by the opening up of economies and markets, improved consumer confidence levels ...
ICRA puts Adani Ports' long-term debentures rating under watchThe rating has been put after the company announced the acquisition of controlling stake in KPCL.