Icra

Private insurers surge ahead as public sector struggles; ICRA projects Rs 3.6 lakh crore premiums by FY27

The divergence in financial health, market expansion and profitability metrics underscores a widening gap in sector dynamics, an ICRA report says

Nirmala Sitharaman calls high-level meet as concerns mount over Talcher fertiliser plant delay, cost escalation

The project’s date of operation has been pushed back by nearly three years to June 2027 and the cost is projected to rise to Rs 17,080 crore from Rs 13,277 crore

Stocks to Watch Today: Bajaj Auto, Ipca Labs, Mazagon Dock, Lemon Tree Hotels, Suzlon Energy, NBCC, Ola Electric, Sobha in focus on 30 May

Stocks to watch, 30 May: Stocks like Procter and Gamble Health, Amara Raja Energy & Mobility, Gujarat Pipavav Port, ICRA, SJVN, NLC India, Harsha Engineers International, IFB Agro Industries, InterGlobe Aviation, Bajaj Auto, Ipca Laboratories,Mazagon Dock Shipbuilders,Lemon Tree Hotels, and Suzlon Energy will be in focus on May 30.

Adani, Tata, Vedanta make a power play for coal-fired projects after five-year lull

The government expects Rs 6.67 lakh crore investment in thermal power by FY32 as firms rush to meet rising demand.

Domestic passenger vehicle sales expected to grow 4-7% in FY26: Icra

As for two-wheelers, Icra said it estimates the industry volumes to grow at a healthy pace of 6-9 per cent in FY26, following an estimated 11-14 per cent growth in FY25.

Major auto component firms likely to invest up to Rs 30,000 cr next fiscal: ICRA

The sector is also expected to invest in capacity enhancements and upcoming regulatory changes.

Chart of the Day| Premium hotels rush to add capacity as the sector defies consumption slowdown

The healthy demand uptick is leading to pick-up in new room supply and commencement of deferred projects in the last 24-30 months

Auto industry counts on rural markets for sales resurgence in H2

As per industry watchers, sales of four-wheelers in urban areas in the first half of the fiscal fell by nearly 3 percent over the previous year, while rural sales grew by almost 5 percent

No cut in repo rate by RBI was expected amid high inflation: Economists

"However, the cut in the CRR by 50 bps would help support growth, after the sharp downward revision in the forecast for FY2025."

India’s data centre capacity to more than double to 2,100 MW by FY27: Icra

The current capacity stands at 950 MW, with major players controlling 85 percent of the market (as of March 2024), the agency said

ICRA projects mild dip in combined grants to states in FY25

ICRA expects the state GST, excise duty, and tax collections to grow by 11-13 percent in FY25

Indian alcoholic beverages to have up to 10 revenue growth in FY25: ICRA

The growth in the topline will also be helped by the premiumisation trend, it added

Govt likely to scale down fiscal deficit target to 5% or less in Budget: ICRA

The government had pegged the fiscal deficit estimate at 5.1 per cent for the current fiscal year when it presented the interim Budget in February

Auto component industry to see moderate growth this fiscal: ICRA

Close to two-thirds of the auto component exports are made to North America and Europe, and one-third of the imports is made from these regions, as per the ratings agency.

Cement sector sees marginal growth of 2-3% in Q1FY25: Icra

The overall volumes for the FY2024-25 are likely to expand by 7-8 per cent driven by a healthy demand from the infrastructure and housing sectors.