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PAVETHRA PONNIAH
Mining, construction equipment industry may grow by 15-20% in 2021: ICRAWhile overall equipment demand will be strong in 2021, partly due to the low base of 2020, volatility in demand is likely, with a strong fi...- Construction equipment dealers look at growth in volumes in FY21 despite a flop Q1: ICRAThe finding comes as part of a survey conducted by the ratings agency, and indicates that 85% of the dealers expect to register volume grow...
- Mining & construction equipment volumes to grow by 20% in 2021 amid strong demand uptick: ICRAThe domestic mining & construction equipment (MCE) industry has posted a YoY growth of 20-22% in Q3 of 2020.
- MCE industry is likely to see a contraction in demand leading to a volume drop of 20% in 2020"During Q1 CY2020, the industry reported over 23% volume decline, with volumes in March’20 falling by ~50%," ratings agency ICRA said in it...
- Coronavirus supply chain shock will have negative impact on Indian auto component sectorICRA said province-wide lockdowns and severe containment measures across China in January and February 20 lead to supply chain disruptions ...
- Coronavirus impact: Fall in shrimp prices, demand may hit Indian firmsThe massive shutdown in China due to coronavirus spread will lead to a contraction in Chinese demand for seafood causing a glut in the glob...
- Demand for mining equipment falls 15-17% YoY: ICRAICRA has scaled down its CY’2019 outlook sharply to a decline of 15 per cent-17 per cent.
- ICRA revises outlook on construction equipment sector to negative on slowing economic growthICRA said it has revised the outlook on the sector following a sharp correction in unit sales.
- Industry insiders expect better occupancies in coming quarter after GST tax cutThe GST Council had on Friday slashed room rates for hotels with tariffs of Rs 7500 and above to 18% from 28% besides rejigging the tax sla...
- Auto industry to benefit from corporate tax revision: ICRAThe auto industry, which is facing its worst crisis in two decades, had been pleading for a GST cut to 18 percent from 28 percent now to bo...
- Auto industry to benefit from corporate tax revision: ICRAThe reduction of corporate tax rates to globally competitive levels will incentivise OEMs (original equipment manufacturers) and their vend...
- Rising airfares, general elections left many a room vacantForeign tourist arrivals increased by 1.9% to 3.93 million in the first four months of 2019 after registering subdued growth in 2018, accor...
- ICRA: Domestic shrimp exports growth to be subdued after a period of four years of sustained growthAccording to an ICRA note, Chinese shrimp demand will be driven by low domestic production growth coupled with growing domestic shrimp cons...
- Hospitality sector witnesses subdued growth during Q1FY19: Icra
- Hotel industry's recovery trend to continue till FY22: ICRAFTA growth picked up strongly by 15.6 per cent during CY2017, compared to the 9.7 per cent growth during CY2016 and Icra expects it to grow...
- Hospitality sector sees more revenues, profit in 2018The past year saw the start of an uptrend in the hospitality sector, but was also marked by multiple challenges like curbs on liquor sale a...
- Longer breakeven period may deter investments in Indian hospitalityA senior executive with Blackstone, the largest private asset owner in India, said on the condition of anonymity that the current scenario ...
- Hotels add fewer rooms in big cities as occupancy level risesCarlson Rezidor Hotel Group, ITC Hotels and AccorHotels, among others, are tapping into growth potential in smaller cities and underserved ...
- Hotel owners forming alliances with hotel chains for higher returnsAlmost 10% of the hotels in the top 12-13 cities across the country, including Bengaluru and New Delhi, are being rebranded or relaunched f...
- Hotels find growth stagnating abroad, eye IndiaInternational hotel brands are likely to account for 47% share in the Indian hospitality industry by 2020 and 50% by 2022 from the current ...
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