ICRA

Rating agency ICRA on Wednesday said the textile industry's performance will recover to pre-Covid levels in the next fiscal on account of boost in demands from domestic as well as export markets. The agency assigned outlook for the sector as "stable" for FY2022.The recovery in the domestic...

Seasonal factors, along with COVID-19 induced supply-side constraints and growing demand on account of the festive season, are expected to keep India's retail price inflation at an elevated level, consequently, eroding chances of a RBI lending rate cut. Leading economists...

India's sequential retail price inflation spiked in September to 7.34 percent from 6.69 percent in August, official data showed on Monday. Though non-comparable, India had recorded a retail price inflation of over 3 percent in the corresponding period of previous...

The Coronavirus outbreak has adversely impacted the credit profile of the Indian retail industry as consumers deferred their discretionary spends, amid the shutdown of malls across the country as well as closure of non-essential stores across most states in...

The near-term growth of the COVID-19-battered logistics sector is expected to be driven by specific segments like e-commerce, ratings agency ICRA said on Monday. Citing how trends in online purchases and deliveries have picked up substantially post the lockdown, it...

The COVID-19 induced supply-side constraints are expected to keep India's retail price inflation at an elevated level, consequently, eroding chances of a RBI lending rate cut. Accordingly, leading economists, pegged the range of consumer price inflation numbers for August at...

With several states announcing lockdown to curb the spread of COVID-19 pandemic, rating agency ICRA expects around 45 percent of the rated mall portfolio to be vulnerable. According to the agency, the rental income of the mall operators will be...

Base effect, along with sequential decline in food prices eased India's retail inflation during February to 6.58 percent from January's 7.59 percent. However, the consumer price index (CPI), or retail inflation, was at 2.57 percent in the corresponding month of...

Credit rating agency ICRA has upgraded long term rating on Baba Ramdev-led Patanjali Ayurved Ltd (PAL) to enhance degree of adequate safety with stable outlook citing the company's 'robust revenue growth in FY 2016' and increased brand penetration. "ICRA has...