The domestic commercial vehicle industry growth has moderated from 11.5 per cent growth in FY2016 to 3.5 per cent in the 11 months of FY2017, according to the latest report of rating agency ICRA. The sector is expected to close the fiscal with a growth of 5 to 6 per cent.
Tag: Icra
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Infra push to see cement demand improve to 5percent in FY18, says ICRA
An expected revival in the infra space may help cement demand to grow to around 4 to 5 per cent in the next fiscal, according to ratings agency ICRA.
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Centre moves towards corporatisation of Major Ports
The Major Port Authorities Bill, which seeks to provide significant operational autonomy to the Major Ports, will allow the 12 state-run entities to work like a corporate with full flexibility, says a research report.
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GovernmentĂ´s non-tax kitty may touch 5-year high
The telecom sectorĂ´s contribution towards non-tax revenues of the Indian government in the current fiscal is likely to be the highest in the past five years due to the mega spectrum auction, which is likely to take place in September this year, ICRA said.
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Smaller ports hit as vols dip; major ports sail on efficiency
In a reversal of trend, the major ports in the country have outpaced the non-major ones in cargo growth during the first six months of the current fiscal year.
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ICRA sees NPAs soaring by up to 5.9% in FY16
Domestic rating agency ICRA said gross non-performing assets (NPAs) in the system might jump to 5.9 per cent this financial year
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Hybrid annuity model for PPP projects
The hybrid annuity model announced by the Government that proposes to reduce risks in public private partnership format is likely to provide impetus for the next wave of PPP road projects, said ICRA.
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Imported coal to play major role
Lesser allocation of mines to steel, cement and captive power plants in the coal blocks auction may increase their dependence on costlier imported fuel, says rating agency ICRA.
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Power transmission loss totals 27%
The average all-India loss levels of power transmission in FY13 were in the range of 27 per cent, according to a recent report by ICRA.
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Coal imports set to rise by 20%
According to ICRA estimates, IndiaĂ´s coal import is set to go up significantly in the next financial year.