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SECTOR HEAD VINUTAA S
Major auto component firms likely to invest up to Rs 30K cr next fiscal: ICRAMajor auto component firms in India plan to invest Rs 25,000-30,000 crore next fiscal for capacity expansion and localisation, focusing on ...- Hospitality industry revenues to grow by 6-8% in FY26: ICRAICRA projects a 7-9% revenue growth for the Indian hospitality industry in FY2025 and 6-8% in FY2026, driven by rising ARR and sustained de...
- Auto component industry to see moderate growth this fiscal: ICRACredit ratings agency ICRA predicts a moderate growth for the auto component industry in the coming quarters due to the Red Sea crisis, hig...
- Indian hotel industry revenue expected to grow 7-9 pc in FY25: ICRAThe Indian hotel industry is expected to grow 7-9% with high occupancy in FY2025. Demand from domestic leisure travel, MICE, weddings, busi...
- The great holiday rush: This New Year season, Indians are travelling like never before, and the world is opening up to themAs per MakeMyTrip data, the top destinations for the last week of December in the domestic sector include Goa, Rajasthan, Varanasi, Kerala,...
- Strong demand in H2 FY24 to contribute to double-digit revenue growth for hotel industry: ICRAICRA, an investment information and credit ratings agency, predicts that the hospitality industry in India will experience double-digit rev...
- Indian hotel industry at a sweet spot; to witness decadal-high occupancy of 70-72% in FY2024: ICRAICRA predicts that pan-India premium hotel occupancy will reach 70-72% in FY2024, with average room rates ranging from Rs. 6,000-6,200. The...
- Airbag industry in India to grow to Rs 7,000 cr by FY27: IcraThe growth in the airbag industry, which is one of the fastest growing auto component segments, is expected to be fuelled by the increase i...
- Auto component suppliers to log an 8-10 pc growth in revenue this fiscal: ICRAWhile the depreciation of Indian Rupee against USD is a worry for net importers, forex hedging measures adopted and alternate local sources...
- Premium hotel inventory to rise 3.5-4% this fiscal: Report"The healthy demand uptick has resulted in a pick-up in new supply announcements over the last 4-5 months. Further, construction activity i...
- ICRA expects hotel industry revenues, margins to return to pre-COVID levels in FY23"The improved operating leverage along with sustenance of cost-optimisation measures will support margins and accruals for hotels," it said...
- Domestic hotel industry to return to pre-COVID level this fiscal, says reportRating agency Icra's Assistant Vice President and Sector Head Vinutaa S on Wednesday said that demand in the near term is expected to stem ...
- Auto component industry likely to clock 8-10 pc growth in FY23: ReportFor 2021-22, the revenue growth of the industry is pegged at 13-15 per cent, driven by domestic OEM, replacement, export volumes and pass-t...
- Icra revises downwards revenue growth forecast for auto component industry this fiscal"The (revenue) growth forecast for FY2022 has been revised downward by 200 bps to 15-17 per cent from the earlier estimates due to the ongo...
- Demand in hotel industry to be curtailed in Q4 this fiscal due to fresh COVID wave: ReportWhile the situation is evolving, the rating agency said, "Until the end of last month, there was only some cut-down in discretionary busine...
- PLI scheme to benefit domestic auto, parts industries in multiple ways: ReportBesides, it will increase localisation, accelerate investments towards a local EV ecosystem and has the potential to make India an export h...
- 74% of hospitality sector companies face negative credit profile, 2nd wave delays recovery: ReportBeing one of the high contact sectors, hospitality has been one of the first and worst-hit sectors due to the pandemic, and the second wave...
- Tourism industry broadly welcomes measures announced by the finance ministry, but feels much more needs to be doneTourism secretary Arvind Singh said the tourism ministry was in touch with both the industry and the finance ministry and called the measur...
- Hoteliers, travel operators welcome separate liquidity window for contact intensive sectorsThe special window announced on Friday, encourages banks to provide fresh lending support to hotels, restaurants, travel operators, aviatio...
- Big hospitality players' revenue may decline 65% in FY21: ReportThe agency expects sentiments to improve in the seasonal peak of the second half of FY22, however, the situation is still evolving, with nu...
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